KARACHI: The US dollar rate in Pakistan further increased by Re0.10 (10 paisa) against Pakistani rupee to Rs278.50 in the interbank market on Thursday (May 30).as per the State Bank of Pakistan (SBP).
In recent weeks, the local currency has largely been around 277-278 against the US dollar as Pakistan moves forward with its plan to clinch a longer and larger International Monetary Fund (IMF) bailout programme.
Internationally, the US dollar a two week peak against its major peers on Thursday, as a rout in Treasuries improved the currency’s allure due to higher US yields and demand for safe-haven assets.
