Ishaq Dar, the finance minister, revealed the Dollar’s trading rate in the range of Rs. 270 – 272 in the open market after agreement with IMF. Ishaq Dar expressed the satisfaction on the strengthening of rupee and ameliorating economic state of Pakistan.
While citing figures from the Pakistan Bureau of Statistics, Ishaq Dar shared a positive trend concerning inflation in the country. According to the statistics, the consumer price index for June 2023 settled at 29.4% as compared to 38% in June 2022.
He also highlighted the milestone achieved at the Pakistan Stock Exchange today, the benchmark KSE-100 gaining 2,334 points by 1 pm, a momentum which can mark the highest gain in the history. These positive developments in the country are ascribed to the IMF deal worth $3 billion.