After a long weekend and Muharram holidays, intrabank trading resumed on Wednesday morning, and the Pakistani rupee pounded the US dollar once more.
By 10:25 a.m., the rupee had risen by Rs2.29, bringing the value of the US dollar down to Rs221.75 per unit.
Interbank rates for the Pakistani rupee have risen against the US dollar for the sixth straight session.
The local currency appreciated by 1.17 percent from the previous day to close at 224.04 Pakistani rupees on Friday, down from 226.15 Pakistani rupees a day earlier.
As of the beginning of August, the Pakistani rupee had gained as much as 8.5%, the most in more than five years, following a record low at the end of July.
More than 6% of the value of the US dollar was lost against the Pakistani rupee in the last five trading sessions, with the Pakistani rupee appreciating by more than nine Pakistani rupees in the interbank market on Wednesday.
SBP data shows that the Pakistani rupee had fallen to an all-time low of 239.94 Pakistani rupees on July 28th, a decline of more than 13% in the previous ten working days.
