PKR continues to recover, appreciates by 1 rupee

MG News | May 30, 2022 at 10:28 AM GMT+05:00

0:00

May 30, 2022 (MLN): Continuing its upward journey, the Pakistani rupee (PKR) has managed to gain a further one rupee in the interbank market against the US dollar during intraday trade.

The local unit was quoted at 198.80/ 198.90 (10:36 PST) when compared to the previous day’s close of 199.76 against the greenback.

This appreciation is attributed to the government’s decision to rising petrol prices which has taken back the cash-strapped economy one step closer to IMF’s deal. Meanwhile, Prime Minister has also announced a Rs28 billion package for the poor segment to counter the inflationary pressure.

However, the relief package would be released after final approval by the fund. Minister for Finance and Revenue, Miftah Ismail informed that the staff-level agreement with IMF would be signed next month (June).

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,102.92 254.63M	-0.51% -834.01
ALLSHR	98,424.06 767.06M	-0.39% -385.08
KSE30	49,178.66 92.71M	-0.54% -267.15
KMI30	231,230.31 69.98M	-0.64% -1485.54
KMIALLSHR	64,033.87 360.75M	-0.55% -353.80
BKTi	43,997.64 36.18M	0.12% 50.75
OGTi	32,027.34 12.90M	-0.69% -223.49

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	85,250.00	0.00 0.00	650.00 0.77%
BRENT CRUDE	62.51	63.10 61.87	-0.87 -1.37%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.25 0.30%
ROTTERDAM COAL MONTHLY	96.25	0.00 0.00	0.15 0.16%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	57.98	0.00 0.00	-0.08 -0.14%
SUGAR #11 WORLD	14.77	14.83 14.56	0.11 0.75%