- October 24, 2022
- Posted by: Stratford Team
- Category: Economy
Pakistan’s rupee registered gains against the US dollar in the inter-bank market, and appreciated 0.18% in the opening hours of trading on Monday.
At around 11:05am, the rupee was being quoted at 220.44, an appreciation of Re0.40 against the greenback, during intra-day trading.
On Friday, Pakistan’s rupee finally ended its seven-session depreciation run against the US dollar, and closed at 220.84 after appreciating Re0.11.
As per market experts, the improvement in the rupee comes after the Financial Action Task Force (FATF) on Friday removed Pakistan, by consensus, from its list of countries under “increased monitoring”, also known as ‘grey list’ after four years.
The decision was taken in a two-day FATF plenary and International Co-operation Review Group (ICRG) meetings held from October 20-21, 2021 in Paris and the same was announced in a press conference by the FATF’s president, T Raja Kumar.
“Pakistan has made significant…
