KARACHI: The Pakistani rupee on Tuesday witnessed marginal gains against the US dollar, appreciating 0.16% in the interbank market.
At close, the currency settled at 287.46, an increase of Rs0.45, as per the State Bank of Pakistan (SBP).
On Tuesday, the Pakistani rupee had weakened against the US dollar and depreciated 0.17% to settle at 287.91.
Interbank closing #ExchangeRate for today https://t.co/I4yOfu9vbF#SBPExchangeRate pic.twitter.com/mrdsYLhGnx
— SBP (@StateBank_Pak) August 9, 2023
In a key development, the Economic Coordination Committee (ECC) adopted the updated features of the SME Asaan Finance (SAAF) program proposed by the State Bank of Pakistan (SBP) on Tuesday, with a risk-sharing facility of Rs12 billion for the government, with Rs4 billion for 2023-24 and Rs7 billion for 2024-25.
