Karachi June 1 2022: Pakistan rupee gains against the dollar for the fourth consecutive day after falling for seventeen consecutive days to trade at 197.7 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 0.4% or 76 paisa to trade at 197.7 in the interbank.
In the open market, the dollar is trading at 199.6 at 11:00 PST.
Yesterday, Rupee closes at Rs198.46 in the interbank market
