KARACHI: The Pakistani rupee closed slightly higher against the US dollar in the interbank market on Friday.The rupee ended at 278.58 per dollar, compared with Thursday\u2019s close of 278.61.In the open market, the rupee stayed flat, trading at 280.18 against the dollar, unchanged from the previous close. According to dealers, the rupee gained little ground because of the persistent increase in workers\u2019 remittances and the mild dollar demand from importers.During the six months of the current fiscal year, remittances from Pakistanis employed abroad increased by 33 per cent to $17.8 billion from $13.4 billion during the same period last year. In December, the amount of money the overseas Pakistanis sent home climbed by 29.3 per cent year over year to $3.1 billion. These inflows increased by 6.0 per cent month over month.However, in the week ending January 3, the central bank\u2019s foreign exchange reserves fell by $15 million to $11.695 billion. Web Desk<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI: The Pakistani rupee closed slightly higher against the US dollar in the interbank market on Friday.The rupee ended at 278.58 per dollar, compared with Thursday\u2019s close of 278.61.In the open market, the rupee stayed flat, trading at 280.18 against the dollar, unchanged from the previous close. According to dealers, the rupee gained little ground […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-454899","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n