"Pakistani Rupee Shows Resilience, Surges Against US Dollar"

 

"Financial Policy and Roshan Finance: A View from Islamabad"


Pakistani Rupee closed at Rs 278.38 in Islamabad, gaining 10 paise against the US dollar on the Banking Exchange in Islamabad, Union of Pakistan (FAP) . .


 However, FAP announced an opening price of Rs 277.25 (buy) and Rs 279.8 (sell). According to State Bank of Pakistan (SBP) data, the euro rose by 20 paise to Rs 298.87, while the yen remained stable at Rs 1.78. Sterling gained 7 paise to close at 348.48 rupees.


 Remittances in the Roshan Reserve Fund (RDA) increased significantly in March, rising from $7.478 billion in February 2024 to $7.66 billion at the end of the month. US$142 million in January 2024 to support banking, payments and investments in Pakistan.


Location: GR72+5M Ocoale, Romania

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