The Pakistani rupee is expected to improve against the dollar mainly due to inflows from exporters and the expected approval of the International Monetary Fund (IMF) loan, according to a media report. In the interbank market last week, Pakistani rupee lost 32 paisas to close at 176.24 to the dollar. The rupee had ended at 175.92 on January 17. Article continues after this advertisementThe State Bank of Pakistan (SBP) is expected to keep the policy rate unchanged at 9.75 per cent and financial markets see no change in the monetary policy this time. Moody’s Investor Service assigned a B3 backed senior unsecured rating to the sukuk issuance.

Source: Pakistan Today January 24, 2022 23:19 UTC