The US Dollar experienced a decline of 36 paisa in the interbank market, settling at Rs283.15 on the last day of the business week.
This marks a consistent trend of the US Dollar's decreasing value against the Pakistani Rupee.
The stock market reflected this positive momentum as well, with the KS Hundred Index witnessing a bullish trend.
The index rose by an impressive 362 points, reaching 65,812 points since the opening of business.
Furthermore, the State Bank of Pakistan reported a significant boost in domestic foreign exchange reserves.
On December 8, the reserves surged by $90.93 million, bringing the total to $12.20 billion. Notably, the State Bank's reserves also increased by $20.06 million, reaching a total of $7.4 billion.
This positive shift in the exchange rate and the surge in foreign exchange reserves reflect a favourable economic environment for Pakistan, fostering optimism and stability in the financial markets.
