KARACHI: The US dollar fell against the Pak Rupee (PKR) by 75 paisas on Tuesday owing to positive sentiments prevailing in the foreign currency market.
The rupee ended at Rs170.54 to the dollar from the previous day’s closing of Rs171.29 in the interbank foreign exchange market.
The rupee is continuously making gain against the dollar after the announcement of Saudi Arabia to support Pakistan in the balance of payment.
The rupee hit the historic low at Rs175.27 on October 26, 2021.
Saudi Arabia last week 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 fell by Rs13.00 or 8.25 per cent from June 30, 2021 closing of Rs157.54 to the closing of Rs170.54 on November 2, 2021.
