In positive development, Pakistan Rupee rises further against the US dollar
LAHORE - In positive development, Pakistan Rupee rises further against the US dollar.
After the good news on the economic front across the country, the US dollar became cheaper against the rupee in the open market.
According to details, positive news is coming from the country after economic recession, global companies including Moody's are reporting improvement on the domestic economy, which is affecting the US dollar, including the stock market.
Today, the stock market has seen tremendous growth. The index reached 10-month highs due to the boom, while the value of the shares has risen more than Rs 110 billion.
Similarly the US dollar in the open market became 20 paisa cheaper. The new value of the US currency has become 155 rupee and 40 paisa.