On Friday, the US dollar gained 17 paisas in value against the Pakistani rupee, reaching Rs 279.50.
The PSX-100 index rose 323.97 points, or 0.25 percent, to 62,238.31 as investors lost faith in the recovery route following the power sharing formula agreed upon by political factions in the Centre, Punjab, and Balochistan.
Last August, for the first time in history, Pakistan’s currency fell to more than 300 rupees versus the US dollar.
The weakening of the local currency raises concerns that ordinary things may become more expensive as consumers continue to experience crippling inflation.
