Pakistani Rupee maintained its winning run against the US Dollar for 21st consecutive day, gaining another 16 paisas in the interbank market on Thursday. According to a State Bank of Pakistan (SBP) tweet, the US dollar opened at Rs158.49 on Thursday and closed at Rs158.33. PKR has gained Re0.76 against the greenback in the last four days. “Stable foreign exchange reserves and a return to current-account surplus for the first time in five years, thanks to record remittances, have helped shore up the currency,” said Bloomberg in its report. “Future direction will depend on upcoming current account numbers.”

Source: Pakistan Today November 12, 2020 18:22 UTC