KARACHI: The dollar made a gain of 16 paisas against the Pak Rupee (PKR) on Wednesday. The dollar was appreciated due to demand for import and corporate payments.
The PKR ended at Rs168.68 to the dollar from the previous day’s close of Rs168.52 in the interbank foreign exchange market.
Currency experts said that import and corporate payments kept the dollar demand higher.
They said that due to quarter-end, many foreign companies send their profits and dividends to their parent companies abroad.
The experts said that the country is required to ensure inflows of the foreign currency for rupee stability in the coming days.
