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The Pakistani Rupee continued its profitable streak in opposition to the US Greenback and reached Rs278.50 within the interbank buying and selling initially of the buying and selling session on Friday.
The rupee appreciation continued in opposition to the US greenback on the final enterprise day of the buying and selling week.
The USD closed at Rs278.81 on Thursday compared to Rs280.29 on Wednesday in interbank buying and selling aginst PKR.
The SBP on Thursday stated the nation’s present account deficit declined to $8.0 million in September 2023 as in comparison with the present account deficit of $360 million in the identical month in 2022.
The nation’s present account deficit was $164 million in August 2023.
Throughout the first three months of the present fiscal yr FY24 (from July 2023 to September 2023), the nation’s present account deficit declined to $947 million as in comparison with $2.258 billion in the identical interval final yr.
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