The Pakistani rupee consolidated its position against the US dollar in the interbank market on Friday, reported 24NewsHD TV channel.

According to the figures provided by the forex traders, the local currency appreciated by 23 paisas against the greenback and was currently being traded at Rs277.80.

On Thursday, the Pakistani rupee remained stable against the US dollar and settled for the day at Rs278.03, one paisa up.

Meanwhile, there are reports that privatisation may come under discussion between the Pakistani economic team and the International Monetary Fund (IMF) on the sidelines of the IMF-World Bank spring meetings scheduled for 15th to 20th April in Washington.

A spokesperson of Privatisation Commission said that it held no discussions with the IMF during the second review of Stand-By Arrangement (SBA) from March 14 to 19, 2024.

Reporter Ashraf Khan