Dollar appreciates 0.22pc against PKR in interbank
By Muhammad JuniadPublished On 04 Jan 2023
Karachi: The Pakistani rupee continued losing its streak against the US dollar, depreciating Rs0.50 paisa, or 0.22 percent in value.
According to the State Bank of Pakistan, the local unit closed the week at 223.17 against the US dollar in the interbank market after losing 0.22% compared to Thursday’s closing value of 222.67.
According to the currency experts, high default risks and low foreign exchange reserves sapped the sentiment.
A delay in the ninth review of the IMF loan programme remained a cause of concern for investors.
