The Pakistani rupee continued to strengthen against the US dollar for the seventh consecutive session in the interbank market on Wednesday.
During the day’s trade, the dollar further depreciated, losing Rs2.13 or 0.96% against the rupee, and closed at 221.91 in the interbank market, according to the State Bank of Pakistan (SBP).
Apart from all positive cues, the latest development that played a factor in the rupee’s appreciation includes the announcement that the United Arab Emirates (UAE) intends to invest $1 billion in Pakistani enterprises.
