Early Trade: PKR recovers by Rs1.19 as MEFP received from IMF

News Image

MG News | June 28, 2022 at 09:48 AM GMT+05:00

0:00

June 28, 2022 (MLN): After the announcement of the Memorandum of Economic and Financial Policies (MEFP) received from International Monetary Fund (IMF) for the combined 7th and 8th reviews, the Pakistani rupee started showing signs of recovery on Tuesday in early trade as it has gained Rs1.19 against the US dollar in the inter-bank market.

The local unit was quoted at 206.75/207.25 [9:44 PST] compared to the previous close of PKR207.94 per USD.

The government of Pakistan has finally received the MEFP from the International Monetary Fund (IMF) earlier this morning which is a crucial step to validate that both sides have reached an agreement for the revival of $6 billion programs.

To note, on Friday, the State Bank of Pakistan (SBP) had received a $2.3 billion loan from a Chinese consortium that also improved traders' sentiments.

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 167,346.83
1,004.31M
0.66%
1103.93
ALLSHR 101,585.71
1,816.82M
0.45%
452.89
KSE30 51,193.07
238.52M
0.60%
306.47
KMI30 241,742.81
114.47M
0.26%
626.15
KMIALLSHR 66,704.29
951.52M
0.28%
184.85
BKTi 48,187.89
155.95M
1.00%
476.82
OGTi 32,653.86
16.59M
0.73%
235.25
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,495.00 111,160.00
107,705.00
-2580.00
-2.32%
BRENT CRUDE 61.49 61.60
60.58
0.48
0.79%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.10
-1.35%
ROTTERDAM COAL MONTHLY 92.75 0.00
0.00
0.00
0.00%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 57.51 57.62
56.60
0.49
0.86%
SUGAR #11 WORLD 15.58 15.82
15.58
-0.14
-0.89%

Chart of the Day


Latest News
October 21, 2025 at 04:32 PM GMT+05:00

Govt clarifies camera policy for tile industry


October 21, 2025 at 04:28 PM GMT+05:00

PSX Closing Bell: Bulls Keep the Beat


October 21, 2025 at 04:11 PM GMT+05:00

PKR remains flat at 281.06 against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg