KARACHI – Pakistani rupee moved up against the US dollar, appreciatingnearly 0.34 percent in the interbank market in the early hours on Tuesday.
During the trading, the local currency was hovering at 283.75, with a gainof Rs0.96.
On Monday, PKR ended its winning streak and closed at 284.71 after a lossof Rs0.31 or 0.11 percent against the greenback.
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All eyes are on International Monetary Fund (IMF) bailout funds whichremained stalled since last year. Pakistan has made several economicreforms to woo lender while Saudi Arabia and UAE now provided assurance foradditional funds, a requisite tabled by IMF before staff level agreement.
