KARACHI: The dollar recorded a decrease of 47 paisas against the Pak Rupee (PKR) on Tuesday.
The decline in dollar value has been attributed to certainty about inflows under the IMF loan program.
The rupee ended Rs174.30 to the dollar from the previous day’s closing of Rs174.77 in the interbank foreign exchange market.
Currency analysts said that a day earlier Shaukat Tarin, adviser to the prime minister on finance, made clarity on IMF program and had given date for the approval of IMF tranche.
Pakistan’s current account deficit sharply widened to $5.08 billion during first four months (July – October) of the current fiscal year as compared to a surplus of $1.31 billion in the same period of the last year.
The rupee hit the all-time low of Rs175.73 to the dollar on November 12, 2021 in the interbank foreign exchange market.