According to foreign exchange dealers, the Pakistani rupee increased by Rs 4.38 in interbank trading on Friday while banks were selling US dollars for Rs 215.
The dollar traded between Rs212 and Rs213 on the open market, losing Rs2.
In today’s interbank market, the US dollar lost Rs4.38 and traded at Rs214.50.
The IMF’s promise to deliver a tranche worth USD1.17 billion helped the rupee gain momentum.
The Punjab government announced reduced prices for the Orange line Metro train.
The Punjabi government declared concessionary rates for seniors, individuals with disabilities, women, and students traveling in Orange.
Pakistan’s low-income housing market has the potential to generate loans of $3.8 billion.
The World Bank Group estimates that existing and new players in the home finance industry can produce an additional $3.8 billion in loans.