KARACHI: The United States (US) dollar maintained its upward trend against the Pakistani rupee in intra-day trading in the interbank market on Wednesday.
According to foreign currency dealers, the greenback surged past the Rs177 mark for the first time after appreciating by 34 paisas against the domestic unit.
Also Read: Gold prices edge up in Pakistan, international markets
The dollar is trading at Rs177.25 in the interbank market, compared to the previous close of Rs176.79.
In the open market, however, the dollar is trading at Rs178.30 against the rupee.
The rupee had closed on a record low of Rs176.79 against the US dollar in the interbank market the previous day.
Also Read: Good news’: SBP gets $3 billion from Saudi Arabia
On Nov 4, the State Bank of Pakistan (SBP) received $3 billion from Saudi Arabia under a support package signed between Pakistan and the kingdom. Adviser to the Prime Minister on Finance Shaukat Tarin confirmed the kingdom has deposited the loan amount with the country’s central bank.
“Good news, US$3 billion Saudi deposit received by SBP,” he tweeted, thanking Saudi Crown Prince Mohammed Bin Salman and the kingdom for the “kind gesture”.
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