Value of US dollar rises against Pakistani rupee

Karachi: US dollar recorded a slight increase in value against Pakistani rupee in the interbank exchange on the first day of the business week.

According to currency dealers, the dollar has become more expensive by Rs0.25 to settle at Rs287 in the interbank market.

While the foreign currency is stable at the level of 291 rupees in the open currency market.

On the other hand, the possibility of an agreement between the government and the International Monetary Fund (IMF) started to affect the Pakistan Stock Exchange as well, the Karachi Stock Exchange (KSE) index increased by more than 1100 points during the trading session.

Pakistan Stock Market (PSX) got off to a great start on Monday, with the market witnessing a bullish run on the first day of the business week.