KARACHI: The Pakistani rupee is gaining against the USD and was trading at Rs165.04/ dollar earlier today, the highest the rupee has been since June 2020. Sources state that this strengthening of the rupee is a result of inflows from the Asian Development Bank that have been realised. Profit has contacted the State Bank of Pakistan (SBP) and ADB and is waiting for confirmation regarding the inflow. Reserves by SBP stood at $12,701 m as of 18th September 2020. Mansoor says, “These are an innovative banking and investment solution for Non-Resident Pakistanis.

Source: Pakistan Today October 01, 2020 08:48 UTC