Karachi May 30 2022: Pakistan rupee gains against the dollar for the second consecutive day after falling for seventeen consecutive days to trade at 198.75 in the interbank as Pakistan increases petroleum prices to resume IMF program.
The International Monetary Fund (IMF) on Wednesday emphasised upon Pakistan the urgency of “removing fuel and energy subsidies” to achieve programme objectives.
“Govt is committed to reviving the IMF programme and put Pakistan back on a sustainable growth path” says Finance Minister.
The Rupee gains nearly 0.5% or 1.01 rupee to trade at 198.75 in the interbank.
In the open market, the dollar gains 1.75 rupee and is trading at 200.25 at 12:00 PST.
Yesterday, Rupee closes at Rs199.76 in the interbank market.