Karachi:
Improvement of Pakistani credit rating by the World Organization Fitch remained stronger in the interbank market against the dollar, while the open market increased the value of the dollar.
Overseas Pakistanis received hopes of increasing remittances in the coming months after receiving a record remittance of $ 4 billion 10 million in March, implementing effective implementation of Pakistan’s IMF program, improving effective policies, and the risk of improving the dollars of the dollar.
On the contrary, the value of the dollar in the open currency market increased. In this way, the interbank and the open market continued to be in the opposite direction.
Since the start of business in the interbank market, the global rating agency Fitch has been reporting improvement in credit rating of Pakistan, which on one occasion also reduced the dollar’s interbank rate 25 paise to Rs 280 at 35 paise.
But in the meantime, the demand for imported imports could not reduce the dollar, which resulted in the loss of dollar in the interbank market by 04 paise to Rs 280 at 56 paise at the end of the business.
On the contrary, the dollar was closed at Rs 282 paise to 09 paise due to the demand of Hajj pilgrims in the open currency market, the demand of students studying in foreign universities.
