State Bank of Pakistan (SBP) Acting Governor Dr Murtaza Syed, in an interview with The News, had said Pakistan will soon bridge its external financing gap of $4 billion.Syed said Pakistan has already managed gross external financing requirements of $34 to $35 billion but in addition, Islamabad is making efforts to get confirmation of $4 billion inflows from friendly countries such as Saudi Arabia, the UAE, and Qatar.However, the acting SBP governor was reluctant to share any time frame for bridging the financing gap of $4billon
KARACHI: The Pakistani rupee continued to strengthen against the US dollar for the seventh consecutive session during intraday trade in the interbank market on Wednesday.
The market remained closed for two days — Monday and Tuesday — on account of Ashura, but as it opened today (Wednesday), the rupee gained 2.51 against the dollar and was trading at 221.49 as of 11:15ae = w m.
Apart from all positive cues, the latest development that played a factor in the rupee's appreciation includes the announcement that the United Arab Emirates (UAE) intends to invest $1 billion in Pakistani enterprises
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