On a month-on-month basis, the import bill dipped by 38.31pc. Pakistan is expecting IMF’s $1 billion tranche soon.Īpart from this, Pakistan’s import bill dwindled in the month of July and it’s also on the decline during current month, providing a much-needed breathing space to rupee which was fast losing its ground against the US dollar.ĭata released by the Pakistan Bureau of Statistics (PBS) on Tuesday showed the import bill dropped by 12.81pc to $4.86 billion in July from $5.57bn over the corresponding month of last year. The market is showing confidence in rupee, following the statement by the IMF that Pakistan has completed the last prior action required by the Fund to release the seventh and eighth review. It then started to bounce back from Friday last and has been gaining since then. Interbank closing #ExchangeRate for today /sYilynpk9d- SBP August 4, 2022Īfter two weeks of smashing by the US dollar, the rupee fell to its lowest level against the dollar on July 28, closing at 239.94. The rupee continued to recover in the interbank market. Yesterday, the dollar was closed at Rs226.15. With the appreciation in the value of Pakistani rupee, the burden of foreign loan has lessened by Rs1,750 billion. Interbank closing #ExchangeRate for today /0Z0D5belQY- SBP August 5, 2022ĭuring this week, the exchange rate of the US dollar has been slipped by Rs15.33. But later, the rupee slumped a bit and the dollar rate was closed at Rs224.04.Īccording to the State Bank, the value of rupee was appreciated by 0.94 percent on Friday. The data provided by the forex dealers on Friday revealed that the rupee notched up by Rs2.15 in the morning trade and the US dollar slid to Rs224 by 10am in the interbank trading. The rupee kept up its steady rise against the US dollar as the local currency knocked down the greenback by Rs2.11 maintaining its all-week upward spree in the interbank trading, reported 24NewsHD TV channel.
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