Rupee

Rupee makes sharp recovery on IMF disbursement

KARACHI: The Pakistani rupee made a recovery of 89 paisas against the dollar on Thursday after the International Monetary Fund (IMF) board approved the disbursement of over $1 billion for Pakistan. The exchange rate ended Rs175.52 to the dollar from the previous day’s closing of Rs176.41 in the interbank foreign exchange market. The dealers said that the market’s sentiments remained

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