The value of the US Dollar against the Pakistani Rupee experienced another major decline on Thursday morning, as its interbank exchange rate dropped by 14 paisas, taking the USD to PKR rate down to Rs284.
On Wednesday, the Dollar had settled at a rate of Rs284.14 after registering a decrease in value by 28 paisas against the Rupee in interbank trading. In the open market also, the Greenback lost 25 paisas against the local unit and reached Rs285. Meanwhile, as per forex traders, the recent IMF standby agreement with Pakistan and the ECP announcement of the general elections on apex court directions gave a boost to investors' confidence in the market. KSE-100 index crosses 64,000 milestone Witnessing another bullish trend, the Pakistan Stock Exchange (PSX) 100-index gained 350 points on Thursday, and crossed another historic milestone of 64,259 during the morning trading session.

Credit: Independent News Pakistan (INP)