KARACHI: The Pak Rupee made significant recovery against the dollar on Thursday owing to inflows of export receipts and remittances.
The rupee ended Rs167.43 to the dollar from previous day’s closing of Rs168.43 in interbank foreign exchange market.
Currency experts said that the market sentiments improved after a scheme announced by the State Bank of Pakistan (SBP) to attract overseas Pakistanis to invest in domestic capital market.
A day earlier, the governor of the central bank in an interview said that overseas Pakistanis can invest in the local bourses through digital accounts. In this regard commercial banks would facilitate the overseas Pakistanis.
