According to the Forex Association of Pakistan, the rupee appreciated by Rs4 to reach Rs206.50 at 12:37pm from the previous day's close of Rs210.50. Mettis Global Director Saad Bin Naseer stated that the rupee's correction was "long due". "With news of foreign exchange inflows from China and an imminent deal with the International Monetary Fund (IMF), we believe the rupee will gain strength in the coming sessions,"

News Desk:

US dollar was available at Rs.206 in Pakistan on Wednesday as the rupee gradually reasserted itself. US dollar Rs.4 in the interbank. This development has come after China’s announcement of a 2.3 billion dollar loan for Pakistan.

According to the Forex Association of Pakistan, the rupee appreciated by Rs4 to reach Rs206.50 at 12:37 pm from the previous day’s close of Rs210.50.

Mettis Global Director Saad Bin Naseer stated that the rupee’s correction was “long due”.

“With news of foreign exchange inflows from China and an imminent deal with the International Monetary Fund (IMF), we believe the rupee will gain strength in the coming sessions,”, he told reporters.

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Quetta Voice is an English Daily covering all unfolding political, economic and social issues relating to Balochistan, Pakistan's largest province in terms of area. QV's main focus is on stories related to education, promotion of quality education and publishing reports about out of school children in the province. QV has also a vigilant eye on health, climate change and other key sectors.