Rupee in top gear against US dollar after the return of finance minister nominee Ishaq Dar to Pakistan, as rupee straight away skyrocketed by Rs3.
As soon as the business was set into motion in interbank trading, the rupee muscled down the dollar with a huge margin of Rs3.52 and was presently being traded at Rs233.50 down from Rs237.02.
On Monday, the greenback closed the day at Rs237.02 after losing Rs2.57 beside the Pakistani currency.
Interbank closing #ExchangeRate for todayhttps://t.co/Cu7jYiAcMn pic.twitter.com/I40wA4ip6m
— SBP (@StateBank_Pak) September 26, 2022
The last closing of the earlier week’s Friday was Rs239.65.
Relevant to note that Prime Minister Shehbaz Sharif nominated Ishaq Dar as the new finance minister as Miftah Ismail resigned from his post in London on Sunday. Ishaq Dar has reached Islamabad to take over the ministry after taking oath as a senator.
Finance Minister Miftah Ismail said: “In a meeting with Mian Nawaz Sharif and PM Shehbaz Sharif today, I have verbally resigned as Finance Minister. I will tender a formal resignation upon reaching Pakistan. It’s been an honour to serve twice as Finance Minister. Pakistan Paindabad.”
He gives his resignation in the PML-N party group held under the chairmanship of Mian Nawaz Sharif.
Nawaz Sharif and PM Shehbaz valued the efforts of Miftah Ismail for carrying out the responsibilities under the most hard financial situation in the country.
Throughout the meeting, Nawaz Sharif and Prime Minister Shehbaz Sharif nominated Senator Ishaq Dar as the Finance Minister.