The Pakistani Rupee continued its upward trend against the US dollar in interbank trading, reaching Rs285.75 on Tuesday.
The closing rate of USD into PKR was Rs287.72.
The PKR gained Rs1.01 against the mighty American dollar at the start of the trading season on the second day of the trading.
The local unit has continuously outperformed the US dollar as the crackdown against the dollar hoarders and the Hawala and Hundi markets across the country.
The country's civilian and military leadership gave the FIA and relevant authorities the go-ahead to go for a massive crackdown. The result of the crackdown has significantly improved the value of the Pakistani rupee as illegal trading and the smuggling of American currency has been reduced.
The PSX KSE 100-index benchmark also reached 46,802.49 with an increase of 175.41 points or 0.38 percent.
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