US dollar scores minor loss against Pakistani rupee in interbank

The US dollar registered a meagre loss against the Pakistan rupee in the interbank market on Wednesday, reported 24NewsHD TV channel.

According to the State Bank of Pakistan, the local currency ap[reciated by 13 paisas and ended the day at Rs285.39.

Interbank closing #ExchangeRate for todayhttps://t.co/jQqbdd04Bt#SBPExchangeRate pic.twitter.com/Yecq2xzTnp

— SBP (@StateBank_Pak) November 29, 2023

On Tuesday, the Pakistani rupee had recorded a minor gain against the US dollar as it appreciated 0.04% and settled for the day at Rs285.52, an increase of 12 paisas.

Interbank closing #ExchangeRatefor todayhttps://t.co/6N1tm9NQMy#SBPExchangeRate pic.twitter.com/9SK0fKwraQ

— SBP (@StateBank_Pak) November 28, 2023

In a related development, a technical team of the International Monetary Fund will meet the officials of petroleum division to discuss the petroleum levy and other revenue measures. The IMF team is currently on Pakistan visit. During their visit, the IMF officials will review the government’s tax policy. I

Sources said that the IMF team requested to meet the petroleum division officials. The meeting will be held on November 30 in which petroleum levy and other revenue measures will be considered. The government has made 368% increase in the collection of petroleum levy on an annual basis from July to September 2023.

 

Reporter Ashraf Khan