The dollar has just ended at Rs174.77 versus the rupee.
The dollar is now selling at Rs174.30, according to foreign currency traders, after weakening Rs0.47 versus the local currency in the interbank market.
In early Tuesday transactions in the interbank currency
market, the Pakistani rupee gained versus the US dollar.
After the International Monetary Fund (IMF) approved the
commencement of the delayed $6 billion Extended Fund Facility on Monday, the
local currency broke a losing run (EFF).
"The Pakistani authorities and IMF staff have achieved
a consensus at the staff level on policies and reforms required to conclude the
sixth review under the EFF," the Fund said in a statement.
It's worth noting that Pakistan and the International
Monetary Fund (IMF) have achieved an agreement at the staff level to restart
the $6 billion Extended Fund Facility (EFF), which was stopped in April this
year.