It’s time to stop! The world’s most powerful currency, the US dollar, retaliated strongly against the Pakistani rupee in intrabank trading on Friday, according to the 24News HD TV channel.
After being under pressure for several days, the greenback quickly recovered and gained 66 paisas against the Pakistani rupee.
At the time of writing, the US dollar was trading at Rs182.35. Yesterday, the Indian rupee closed at Rs181.69 per dollar.
The total amount of foreign exchange reserves is $17.03 billion.
According to a tweet posted by the State Bank of Pakistan (SBP) on Friday morning, the country’s total liquid foreign reserves stood at US$17.03 billion as of April 8, 2022.
Remittances are at an all-time high
Another encouraging development is that worker remittances hit a new high of $2.8 billion on March 22. Remittances totaled $23 billion in the first nine months of FY22, up 7.1 percent from the same period last year, according to a tweet from the State Bank of Pakistan (SBP) on Thursday morning.
