KARACHI: The Pak Rupee made gain of 28 paisas against the dollar on Wednesday after positive sentiments prevailed on upcoming transfers of $500 million from the International Monetary Fund (IMF).
The rupee ended Rs159.26 to the dollar from previous day’s closing of Rs159.54 in the interbank foreign exchange market.
Currency experts said that market was remained positive over an agreement between the IMF and the government of Pakistan.
After the approval of IMF board the country will received a tranch of $500 million.
Besides, they said that the market was also optimistic about gain in rupee value owing to improved inflows of workers’ remittances and export receipts.
