During the initial trading hours on Wednesday, the Pakistani rupee exhibited a marginal increase against the US dollar, appreciating by 0.1% in the inter-bank market. At 11:45 am, the rupee stood at 284.10, reflecting a gain of Re0.28.
The previous day had seen a modest improvement, with the rupee settling at 284.38 against the US dollar.
In a related development, the State Bank of Pakistan (SBP) reported on Tuesday that the total debt of the federal government, encompassing both domestic and external components, witnessed a notable rise of Rs1.641 trillion in the initial four months of the current fiscal year (FY24).
This data provides insight into the evolving financial landscape and the government’s borrowing patterns.
