*KARACHI: The rupee’s downward trend against the US dollar in the interbankmarket continued on Monday as the greenback gained Rs0.61 in intradaytrading. *
According to the Forex Association of Pakistan (FAP), the US dollar gainedRs0.61 in the interbank market and climbed to Rs200.75 around 12:00pm.
The forex dealers said that US dollar in the open market is also trading atover Rs202. The US dollar closed at 200.14 the other day.
When the PM Shehbaz Shariflinkcoalition government took over on April 11, the dollar was valued atRs182.3. Since then, the rupee has lost Rs18 of its value.*IMF talks*
Read Top Stories
Pakistan link opened much-delayedtalks with the International Monetary Fund (IMF) on Wednesday to resume aseventh review of the $6 billion rescue package agreed in 2019.
“Talks with the IMF mission started today,” a statement from the financeministry said on Last Friday. It said a team led by Finance Minister MiftahIsmail and the central bank’s acting governor will join the talks virtually.
