The US dollar depreciated slightly against the Pakistani rupee in the interbank and open markets. The US dollar lost 20 paise to 175 rupees and 48 paise in the interbank market on Wednesday, while the dollar was trading at 176.50, down 80 paise in the open currency market. Experts say the next tranche of loan under the IMF agreement is expected to be received in January or February, while a 4. 4.2 billion aid package has also been signed with Saudi Arabia, easing pressure on the Pakistani rupee.
Trade Adviser Abdul Razzaq Dawood says exports in November stood at 2.9 billion, up 33 percent from the same month last year and the highest ever in any month, putting pressure on the Pakistani rupee. I have a slight decrease. In a Twitter message, Abdul Razzaq Dawood said that the government’s export target was 2. 2.6 billion, while the volume of exports this month exceeded the target. 27% more than exports.
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