KARACHI: The dollar fell to Rs171.29 in the interbank foreign exchange market on Monday. The Pak Rupee gained 36 paisas against the greenback.
The rupee ended Rs171.29 to the dollar from last Friday’s closing of Rs171.65 in the interbank foreign exchange market.
The rupee gained the value for the last four trading days after the Saudi government’s pledge to provide financial support to Pakistan.
Saudi Arabia last Tuesday announced an additional support of $3 billion to Pakistan for building its foreign exchange reserves. The additional financial support is besides a $1.2 billion dollars deferred oil facility to Pakistan to help its balance of payment issues, an official statement said.
The local currency has witnessed a gain of Rs3.98 or 2.27 per cent against the greenback during the past four trading sessions. The rupee hit the historic low at Rs175.27 on October 26, 2021.
