Pakistani Rupee strengthens against US Dollar

Pakistani rupee extended gains against the US dollar in the interbank market for the eighth consecutive day on Thursday.
The dollar closed at Rs 176.52 against the real estate sector, down 89 paisa from the previous Rs 176.41 follow-up, according to data from the State Bank of Pakistan (SBP).

The Pakistani rupee fell about 12% last year. Despite the numerous measures taken by the State Bank of Pakistan (SBP) to stabilize the exchange rate, the dollar boom continued.

The Federal Office of Investigation (FIA) continues to restrict importers and intermediaries to prevent an outflow of dollars to ease demand.