KARACHI: Pakistani rupee on Thursday continued its upward trend against the US dollar as it was up over 1% in the interbank market during the opening hours of trading.
At around 11:30am, the rupee was being traded at 229.50, with the appreciation of Rs2.62 or 1.14% against the greenback.
The Pakistani rupee gained for the fourth session in a row on Wednesday, finishing at 232.12 after rising Rs1.79 or 0.77% in the interbank market as investors anticipated Ishaq Dar’s appointment to lead the nation’s economic affairs.
Dar, who took over for Dr. Miftah Ismail as finance minister, claimed on Wednesday that the previous Pakistan Tehreek-e-Insaf (PTI) administration’s poor management of the economy was to blame for the nation’s greatest economic crisis.
According to the finance minister, our currency does not deserve to be where it is right now. He stated, “I think some speculators who were playing the game have already stopped.
