Following the news of the agreement with the International Monetary Fund (IMF), the Pakistani rupee experienced a minor recovery on the interbank market on Thursday.
The US dollar’s value decreased by 25 paisas, resulting in a decrease in the interbank exchange rate to Rs277.60.
The decline in the value of the dollar was ascribed by market observers to the improvement in investor confidence in the nation’s economic stability brought about by the IMF arrangement.
Conversely, the International Monetary Fund (IMF) lending program’s acceptance led to a bullish market attitude that propelled the Pakistan Stock Exchange to an all-time high on Thursday. The index reached a high of 83,000 points at one point as the market kept moving upward.
