‘I have arrived last night, so Rs. 9 have decreased against dollar! In 24 hours, there has been a reduction of Rs. 1350 Billion in loans, Ishaq Dar

Ishaq Dar said, ‘I have arrived last night, so Rs. 9 have decreased against dollar! In 24 hours, there has been a reduction of Rs. 1350 Billion in loans.

The Pakistani currency strengthening again by Rs3.11 against US dollar in open market today.

Rupee closed at Rs233.91/dollar as it gained by 1.33% from a day before close Rs237.02, as per SBP.

The exchange rate had been “left at the whims of sentiments”, stated by Head of Research at Tresmark, Komal Mansoor.

“The Dar-jolt has extended a gain in rupee but the basic weakness remains.”

She moreover said, “Larger economies are waging a reverse currency war with the intention to strengthen their currency against a strong king dollar.”