PKR on an upward trajectory against USDBreaking

February 14, 2024

The US dollar on Wednesday lost nine paisas against the Pakistani Rupee, the next day after political forcesóPMLN, PPP, PTI, PML, and MQMóannounced to form a unity government in the center, ending the political uncertainty over shock Elections 2024 results. The new price of the US dollar is Res279.25, moving its downward journey toward 278. The formation of the new government gave investors confidence in solid policy making including talks with the IMF for last tranche of loans. On the other hand, the Pakistan Stock Market PSX-100 index recovered after three days of continuous decline and witnessed a bullish trend in the stock market since morning with an increase of 700 points on Wednesday.

Credit: Independent News Pakistan (INP)