On Thursday the Pakistani Rupee gains against the US Dollar during the initial hours of trading, in the inter-bank market.
At 11:15 am, the rupee showed a slight increase to 284.72, rising by Re0.67 in the inter-bank market.
Wednesday saw the rupee making a modest gain, settling at 285.39 against the US dollar.
In a significant development, the Kingdom of Saudi Arabia (KSA) has decided to extend the term for a $3 billion deposit allocated to support Pakistan’s economy, as announced by the State Bank of Pakistan (SBP) on Wednesday.
According to the SBP, the Saudi Fund for Development (SFD) on behalf of the Kingdom of Saudi Arabia has agreed to extend the maturity date for the $3 billion deposit, originally set to mature on December 5, 2023, for an additional one year.
