PKR inches up by 2 paisas to 278.18 vs USD

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KARACHI: Pakistani rupee inched up against the US dollar in the interbank market on Tuesday and appreciated by two paisas. According to details, the rupee opened at 278.20 against the greenback in the interbank market and closed at 278.18, going up by 0.01 percent. The rupee appreciated by around nine paisas against the US dollar last week. Pakistan marches towards stability as formal discussions with the International Monetary Fund (IMF) for a longer and larger program have been initiated. It is crucial to note that Pakistan achieved satisfactory results under the Standby Arrangement with the International Monetary Fund (IMF), meeting all seven QPCs for end-December 2023. TLTP