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business
Thursday Feb 18 2021
By
Web Desk

Opening rates of US dollar in Pakistan on February 18

By
Web Desk
 The buying rate of the US dollar is Rs159, while its selling rate is Rs159.8 on Thursday, February 18. STOCK IMAGE
  • The buying rate of the US dollar is Rs159, while its selling rate is Rs159.8 on Thursday
  • Traders were optimistic that potential inflows from the IMF would help boost the foreign exchange reserves

KARACHI: The buying rate of the US dollar was Rs159, while its selling rate was Rs159.8 on Thursday, February 18.

Traders were optimistic that potential inflows from the International Monetary Fund (IMF) would help boost the foreign exchange reserves and provide support to the domestic currency, The News reported on Thursday.

Read more: US dollar being sold at Rs159.8 in Pakistan on February 17

The IMF staff and Pakistan had reached an agreement on a package of measures to complete second to fifth reviews of the reform programme under the extended fund facility.

The review’s completion would release $500 million to Pakistan. The agreement is subject to the approval of the IMF Executive Board.