PKR appreciates by another 2 rupees on IMF approval

By MG News | July 04, 2019 at 09:51 AM GMT+05:00

0:00

July 4, 2019 (MLN): Following the International Monetary Fund (IMF)’s approval on a $6 billion Extended Fund Facility (EFF) for Pakistan, the Pakistani currency strengthened by 2 rupees at open in today’s interbank trade.

PKR opened the session at 155.5/156.5 per dollar against yesterday’s closing quote of PKR 157.6 per dollar. Meanwhile, deals have been reported at Rs.156 per dollar at 9:50 am (PST).

The Executive Board’s approval allows for an immediate disbursement of SDR716 million (or about US$1 billion) while the remaining amount will be phased over the duration of the program, subject to four quarterly reviews and four semi-annual reviews.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	132,576.99 161.03M	-0.62% -826.20
ALLSHR	82,983.68 903.36M	-0.25% -204.38
KSE30	40,358.80 56.86M	-0.72% -292.66
KMI30	190,727.32 67.92M	-0.71% -1356.60
KMIALLSHR	55,698.48 457.08M	-0.27% -149.22
BKTi	36,242.06 11.15M	-0.50% -180.82
OGTi	28,323.42 10.71M	-0.40% -114.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	111,595.00	112,170.00 111,425.00	-650.00 -0.58%
BRENT CRUDE	69.99	70.06 69.91	-0.20 -0.28%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.45 1.51%
ROTTERDAM COAL MONTHLY	108.00	109.00 107.95	0.90 0.84%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.11	68.31 68.04	-0.27 -0.39%
SUGAR #11 WORLD	16.54	16.61 16.08	0.41 2.54%