Dollar gains eight paisa against Pakistani rupee

KARACHI: The US dollar appreciated by eight paisa against the Pakistani rupee in the inter-bank market on Thursday, ARY News reported.

According to forex dealers, the greenback settled at Rs154.49 for the day as compared to yesterday’s closing of 154.41.

Also Read: Gold rates see marginal drop in local market

The State Bank of Pakistan (SBP) in a statement earlier today reported an increase of $359 million in its foreign exchange reserves.

The central bank said its net reserves stood at US$12.27 billion during the week ending January 31.

Whereas, the total liquid foreign reserves held by the country increased by $282 million to $18.64 billion while net foreign reserves held by commercial banks were recorded at $6.37 billion.

Also Read: SBP reserves jump $359mn to $12.27bn