Rupee Rose Slightly Against Dollar in Interbank Market
Thursday’s closing price on the interbank market in Karachi was 178.12 per dollar, up from Wednesday’s closing price of 178.15 per dollar.
On the open market, it closed at 180 dollars per unit. Previous session finished with a value of 179.90. Four thousand four hundred forty-four merchants anticipated that the local unity will remain solid in the coming days. The sixth review of the IMF credit program will be presented to the Board on January 12, according to a spokesperson for the Finance Ministry.
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The administration is certain that it satisfies two of the most crucial requirements. Approve the Pakistan National Bank Amendment Act of 2021 and the supplemental Financing Act and receive a loan tranche prior to the deadline for submission of the review.
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Traders will continue to keep an eye on the growing situation at the forefront of the IMF program for signs of imminent deterioration. Pakistan will receive $1 billion in IMF assistance after completing the preceding processes and receiving the Board of Directors’ approval.
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