Karachi: The flight of the dollar was once again halted on Thursday by the Prime Minister’s statement regarding the possible release of another $500 million tranche by the Chinese commercial bank ICBC to facilitate the deferred payment of loans to Pakistan and the restoration of the IMF program. went
Experts say that the fluctuations in the value of the dollar in the interbank market revolve around the recovery of the IMF loan program and the demand for the dollar remained very limited on Thursday in anticipation of the recovery of the loan program at any time. The dollar remained on the back foot throughout the trading period.
In the interbank market, the value of the dollar fell by 71 paise to Rs 282.14 at one point, but at the close of business, the dollar’s interbank rate closed at the level of Rs 282.42 with a decrease of 43 paise.
On the contrary, in the open currency market, the value of the dollar remained unchanged at the level of 285.50 rupees.
Experts say that the ban on import activities is still in place while strict measures by the regulatory authority and related institutions are also in place, as a result of which the interbank rate of the dollar is seeing fluctuations or a limited acceleration.
