Pakistani Rupee Gains Ground as State Bank Relaxes Export Rules
The Pakistani rupee strengthened to PKR 282.22 against the US dollar after the State Bank of Pakistan removed a key restriction on exporters, boosted by strong remittances but tempered by rising imports.
SBP Eases Pressure on Exporters by Releasing Withheld Proceeds
The State Bank of Pakistan has withdrawn its directive on delayed export proceeds, allowing immediate release of withheld funds and instructing banks to report overdue bills in their regular submissions.