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US dollar loses ground against Pakistani Rupee

July 4, 2022 11:28 AM


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US dollar has continued its downward trend against the Pakistani Rupee and lost 39 paisas value in the interbank trading on the first day of the business week, reported 24NewsHD TV channel. 

After a decrease of 39 paisas, the American currency reached Rs204.56 against the local currency.

https://twitter.com/StateBank_Pak/status/1543900148501209089

The local currency has been performing well after Pakistan received the Memorandum of Economic and Fiscal Policies (MEFP) from the IMF for the combined seventh and eighth reviews of its $6 billion loan programme, which has been stalled since April. 

Last week's Friday closing of the US dollar was Rs204.85.

https://twitter.com/StateBank_Pak/status/1542451120529969152 

  Reporter Ashraf Khan



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