Pakistani Rupee Remarkable Performance
The currency of Pakistan excelled in September, surpassing the world’s currencies.
The State Bank’s efforts, including cracking down on illicit dollar trading, smuggling, betting, administrative measures, and implementing reforms, began yielding favorable outcomes.
The Pakistani rupee demonstrated remarkable performance in September, outshining the international currencies.
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Based on the report from the global organization, the currency of Pakistan has experienced a 6.2% enhancement against the dollar within a month. In September, the Pakistani rupee held the top position globally.
It’s important to recall that, owing to the measures taken by the government, the value of the US dollar has decreased by over 17 rupees from its peak in the last 20 days.
Conversely, the International Monetary Fund (IMF) has conveyed contentment regarding the FBR’s performance in surpassing revenue collection targets.