Pakistan rupee rises 2% to 272 per dollar after IMF bailout

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Pakistan received approval from the International Monetary Fund Executive Board for a $3 billion bailout

Ariba Shahid, Reuters News

July 13, 2023

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KARACHI, Pakistan: Pakistan's rupee rose 2% to 272 against the dollar in early trade in the interbank market on Thursday, compared to a 277.48 close on July 12, after Pakistan received approval from the International Monetary Fund Executive Board for a $3 billion bailout. (Reporting by Ariba Shahid in Karachi; Editing by Himani Sarkar)

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