Dollar remains unmoved in both open market and interbank
The market on daily basis received confusing developments
KARACHI (Dunya News) – Dollar movement at the open market and interbank was muted as announcement of financial assistance failed to make any big impact.
Dollar on Monday saw some dip following the news and reversed from Rs140.20 to Rs139.20 but on Wednesday after the opening market following closure of Quaid-e-Azam birthday, dollar remain silent. However, in the banking channels it recorded small dip of three paisa to close at Rs 138.92.
The market on daily basis received confusing developments, on other side the analysts observed that economy need financial assistance of nearly $12 billion this year to fill the funding gap.
While government claims the funding problem has been resolved as financial assistance from UAE and Saudi Arabia have been enough to fulfill the funding requirements of two months. Pakistan to hold talks with IMF and officials hopeful that the government will meet the requirement to successfully get nod from the IMG.
