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Pak Rupee gains 40 paisas in early trade

Pak Rupee gains 40 paisas in early trade

KARACHI: The Pak Rupee continued appreciation against dollar as the local unit gained 40 paisas in early trade on Thursday.

The US dollar is being traded at Rs157.85 in interbank foreign exchange market. Last day the rupee was ended at Rs158.25 to the dollar.

Currency experts said that the inflows of home remittances related to Eid-ul-Azha helped the rupee to gain against the greenback. Further the improved exports receipts also helped the rupee to gain value.

Prime Minister’s Advisor on Commerce, Textile, Industries and Production and Investment Abdul Razak Dawood a day earlier said that Pakistan’s exports had increased by 14.23 percent in July, 2019 as compared to same month of last year.

He further said that Pakistan’s imports from other countries also reduced by 18.39 percent during the month.