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Pakistani rupee holds ground against US dollar in interbank

By News Desk

March 26, 2024 11:47 AM


Pakistani rupee holds ground against US dollar in interbank

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The Pakistani rupee made another marginal score against the US dollar in interbank market on Tuesday, reported 24NewsHD TV channel.

According to information obtained from currency traders, the local unit appreciated by 13 paisas against the greenback and was currently being traded at Rs278.

On Monday, the Pakistani rupee remained even against the US dollar by settling at Rs278.41 against the US dollar.

In a key development, Pakistan and Afghanistan are likely to finalise the Preferential Trade Agreement (PTA) during the visit of a Pakistani delegation led by Commerce Secretary, Capt Khurram Agha (retd). Reports said negotiations on the revised Afghanistan-Pakistan Transit Trade Agreement (APTTA) 2021 could not be finalised due to a change of government in Afghanistan. The main sticking points are the demand of Afghanistan side to allow import from India through Wagah, refusal to agree to quantitative restrictions or bans to curb smuggling and the refusal to agree to use the word Border Crossing Point in the agreement.

 

Reporter Ashraf Khan


News Desk


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