Pakistani Rupee continues to strengthen against US Dollar in Interbank market
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In the interbank market, the dollar started at 291 rupees and 80 paisas, according to forex dealers. They report a decrease of 98 paisas in the value of the dollar. In the open market, it is now at 295 rupees.
Yesterday, in the interbank market, the dollar ended at 292 rupees and 78 paisas, becoming 1 rupee and 10 paisas cheaper. Additionally, in the open market, the dollar's value remains steady at 296 rupees.
On the other hand, Commerce Minister Gohar Ijaz has predicted that the dollar's value will reach 260 rupees. Speaking in a joint press conference with the Energy Minister in Lahore, Gohar Ijaz stated their efforts to strengthen Pakistan.
He mentioned that the textile industry is crucial, and energy is the biggest challenge for them. Federal Minister Gohar Ijaz also suggested that if someone has dollars held abroad, they should bring them in at the rate of 260 rupees.
He emphasized the need for cooperation with the government and mentioned their goal to increase exports to 37 billion dollars next year, with the textile industry contributing significantly.
