The rupee strengthened against the US dollar at Rs160.18 in the inter-bank market on Thursday compared with Wednesday’s close of Rs160.35, according to the State Bank of Pakistan (SBP). Earlier, the SBP let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with the International Monetary Fund (IMF) for a loan programme on May 12, 2019. The IMF has asked Pakistan to end state control of the rupee and let the currency move freely to find its equilibrium against the US dollar and other major world currencies.
- In Cholistan Desert visit, COAS says excellent training enhances capability to respond to threats
- Imran Khan becomes 2nd prime minister to seek voluntary vote of confidence
- MQM-P makes vote of confidence for PM Imran Khan conditional
- Here’s how a vote of confidence will be taken in parliament for PM Imran Khan
- Vote of confidence: PDM to boycott tomorrow’s NA session