The Pakistani rupee demonstrated a nominal uptick against the US dollar, appreciating by 0.07% during the initial trading hours in the inter-bank market on Thursday.
As of 11 am, the rupee stood at 283.94, reflecting a gain of Re0.20 in the inter-bank market.
In the previous day’s trading, the rupee had recorded a slight improvement, settling at 284.14 against the US dollar.
In a significant development, the Ministry of Finance is poised to disclose a list of banks engaged in illicit activities related to Letters of Credit (LCs) and speculation in the foreign currency market. The information will be shared with the Special Investment Facilitation Council (SIFC) on Thursday, December 7.
