The Pakistani rupee remained unchanged against the US dollar in the open market on Thursday, while the local currency maintained an upward trend in the inter-bank market.

During the day, currency dealers Business Recorder reached out to said the rupee was being quoted at 285 for selling and 282 for buying purposes for customers, unchanged from the previous close.

At the end of trading, the currency closed at the same rates, according to data provided by the Exchange Companies Association of Pakistan (ECAP).

In the inter-bank market, the Pakistani rupee maintained its upward trajectory against the US dollar for the eighth successive session as it appreciated a marginal 0.01% on Thursday. As per the State Bank of Pakistan, the local unit settled at 284.12 after an increase of Re0.02.

Meanwhile, Federal Minister for Finance, Revenue, and Economic Affairs Dr Shamshad Akthar chaired the kick-off meeting of the IMF Technical Assistance Mission on digitising budget process at the Finance Division on Wednesday.

During the meeting, the finance minister underscored the need to tailor the recommendations to the specific needs of the ministry to improve effectiveness of the budget-making process through digitisation.


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