Pkr closed at 172.78 after $4.2 billion Saudi support package

Pkr gain Rs 2.5 and Pkr closed at Pkr 172.78 against dollar in Interbank trade on Wednesday (October 27) after Saudi Arabia issued a $4.2 billion support package for Pakistan.

Support Package from Saudi Arabia came after Prime Minister's 3-day visit to Saudi Arabia, this will help shore up Pakistan foreign reserves, which was previously shrinking.

Prime Minister of Pakistan thanked the Saudi Prince via twitter.

https://twitter.com/ImranKhanPTI/status/1453225771884060676?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1453225771884060676%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.dawn.com%2Fnews%2F1654354