The Pakistani rupee took its marathon run against the US dollar to the 12th consecutive session as it appreciated by another Rs1.10 in the interbank market on Thursday, reported 24NewsHD TV channel.
As per the State Bank of Pakistan, the local currency went up by Rs1.10 against the greenback and ended the day at Rs292.78.
https://twitter.com/StateBank_Pak/status/1704821856308744271
On Wednesday, the Pakistani rupee had maintained its upward trajectory against the US dollar, appreciating by 0.35% in the interbank market. At close, the rupee had settled at Rs293.88 after an increase of Rs1.02.
https://twitter.com/StateBank_Pak/status/1704466432761962958
The Pakistani rupee has been on an upward trajectory in recent days and has strengthened nearly 4.5% after hitting a record low of Rs307.1 in the inter-bank market on September 5.
The change in fortune comes as State Bank of Pakistan (SBP) introduced structural reforms in the Exchange Companies’ (ECs) sector and authorities reportedly had launched a crackdown on smuggling, lending support to the currency markets.
Reporter Ashraf Khan