PKR continues its winning streak against dollar
The local currency appreciated by Rs1.16 paisa against the greenback.
KARACHI (Dunya News) - Pakistani currency continued to stabilize for the first working day of the week, as it made fresh recovery against the US dollar in the inter-bank market on Monday.
According to details, the local currency appreciated by Rs1.16 paisa against the greenback and closed at Rs227.29.
With the latest gains, the rupee has cumulatively recovered by Rs12.65 from its record high of Rs239.94.
Dar, who replaced Miftah Ismail as finance minister, has reiterated that improving exchange rate of the local currency is one of his top priorities.
“We believe in the market economy but no one will be allowed to play with the local currency”, he warned.