The dollar weakened further against the Pakistani rupee

The dollar weakened further against the Pakistani rupee, US dollar made significant progress, settling at Rs 281.75 against the local currency, marking a change from the previous closing rate of Rs 281.93 in interbank trading on Thursday.

Despite initial resistance, the rupee rose impressively, gaining 43 paisa to reach a fresh level of Rs 281.50 in the interbank market.

Meanwhile, the Pakistan Stock Exchange (PSX) is witnessing a positive trajectory as the KSE 100 index recovered a notable 168 points to reach the 622.20 points mark.

This positive trend is consistent with the next general election in 2024 and promising economic indicators going into the new year.