The Pakistani rupee saw some more respite against the US dollar as it went up by 71 paisas in the interbank trading on Friday, reported 24NewsHD TV channel.
As per the State Bank of Pakistan, the local currency appreciated by 71 paisas in the interbank trading and ended the day at Rs281.71.
On Thursday, after witnessing three successive losses, the Pakistani rupee stood its ground against the greenback, appreciating by 0.15% in the interbank market. The rupee settled at 282.42, an improvement of 43 paisas.
On Thursday, Federal Minister for Finance and Senator Ishaq Dar said that the IMF is asking for the materialisation of the commitments made by ‘friendly countries’ with Islamabad.
In a tweet, Ishaq Dar announced that Pakistan will soon receive second installment of $500 million from a Chinese bank. The finance minister “Out of Chinese ICBC’s approved rollover facility of US$1.3 billion (which was earlier repaid by Pakistan to ICBC in recent months), documentation for second disbursement of US$500 million has been completed by Finance Ministry for release of funds to the State Bank of Pakistan!”
Reporter Ashraf Khan