KARACHI: On Friday, the dollar remained in reverse gear in the interbank, but on the contrary, the flight of the dollar continued in the open market and the open rate came to the level of 292 rupees.
According to Express News, due to factors such as foreign direct investment and the increase in remittances from overseas Pakistanis, the dollar remained in reverse gear in the interbank market on Friday, but on the contrary, the dollar continued to fly in the open market.
The government’s plans to seek an additional $3 billion in financial guarantees to reduce the external financing gap and hopes of a staff-level agreement with the IMF as soon as arrangements for disbursements by June 2023 are finalized helped boost the dollar in the interbank market. Kept on the back foot.
This is the reason why the value of the dollar decreased by 51 paise to 283.38 rupees during the business period. happened
On the contrary, the value of the dollar in the open currency market closed at the level of 292 rupees with an increase of 3 rupees.