Karachi September 6 2023: Pakistani Rupee on Wednesday witnessed gain of 15 rupees against the US dollar in the open market after strengthening PKR 10 in yesterday trading.
On Sunday, Chief of Army Staff (COAS) General Asim Munir provided reassurance to the business community, affirming the commitment to promoting transparency in both open market dollar exchange and interbank rates.
The buying and selling rates of the dollar in the open market stand at PKR 308 and PKR 311, respectively. In last two days Rupee strengthened by PKR 25 against the dollar.
In Interbank Pakistan Rupee gain by 12 paisa or 0.03 percent to close at PKR 306.98 against yesterday closing of PKR 307.1.
Pakistan’s Caretaker Prime Minister Anwaar-ul-Haq Kakar is optimistic for investment of $25 billion each from Saudi Arabia and the UAE in three to four or five years. This investment will encompass diverse sectors, and the Pakistani government under his leadership intends to restart a previously halted privatization initiative.
Earlier on Friday, the Kakar has said that an estimated foreign investment of USD 60 to USD 70 billion is expected in the next three to five years under the government’s new initiative of Special Investment Facilitation Council (SIFC).
