Karachi Factors such as progress in mutual understanding talks between the government and the IMF review mission, the government’s assurance to the IMF to increase the agricultural income tax rate to 45 percent to meet the revenue target, led to a dip in both the foreign exchange markets on Friday. The rupee also depreciated against the dollar.
In addition to the recommendations of the IMF Review Mission to fill the financial gap, the remittances of overseas Pakistanis will increase, and the inflows in the Roshan digital account will increase further. It reached the level of
Later, as the supply improved, the dollar started to advance in the afternoon after increasing the demand of the market forces, but at the end of the business, the interbank rate of the dollar closed at the level of 277 rupees 66 paisa after a decrease of 08 paise. Similarly, in the open currency market, the value of the dollar closed at the level of 278 rupees 65 paise with a decrease of 09 paise.
