June 30 2022: Pakistani Rupee gains 87 paisa in the interbank trading against the Dollar as National Assembly passes the budget as per IMF requirements.
Rupee is trading at 204.25 against the dollar after gaining 87 paisa in the interbank against yesterday closing of 205.16. Dollar since its peak falls by 7.30 rupees after hitting all time high of Rs 211.93 on 22nd June 2022.
Dollar at open market down by Rs 1 to trade around 205 rupees. Dollar since its peak falls by 10 rupees in the open market after hitting all time high of Rs 215 on 22nd June 2022.
Finance Minister Miftah Ismail announced on Tuesday that Pakistan had received the Memorandum of Economic and Fiscal Policies (MEFP) from the IMF for the combined seventh and eighth reviews. The two combined tranches of $1.85 billion from the International Monetary Fund (IMF) likely to come by the end of July or early August.
State Bank of Pakistan (SBP) receive RMB 15 billion (~$2.3 billion) from the Chinese consortium of banks on Friday.