Finance Minister Shaukat Tarin said on Saturday that the Pakistani rupee has started to gain ground against the US dollar after the release of the $1 billion tranche by the International Monetary Fund (IMF). Speaking to PTV News in Beijing, Tarin said the rupee will continue to appreciate against the greenback. He added that he had been saying from the very beginning that there will be appreciation in the value of the Pakistani rupee. Read Rupee drops to historic lowTarin said the visit to China was going very successful, adding that the prime minister and his team will meet the prime minister and president of China by Monday to discuss economic projects. "We are very hopeful about the prospects of the meeting as it would be good news for economic recovery," he added.

Source: The Express Tribune February 05, 2022 21:07 UTC