The US Dollar Pakistan Rupee (USD/PKR) exchange rate is edging higher after a slight decline in the previous session. The pair trades +0.25% at 166.35.

Pakistan moved up the World Bank’s ease of doing business index by 28 places to 108. However, a recent report by the US state department highlights that the country remains a challenging environment for foreign investors.

The US Dollar is slipping lower ahead of jobless claims later today. Analysts expect 846,000 Americans to have signed up for unemployment benefits. This would mark the first week since the coronavirus pandemic started that claims have been below 1 million for 2 consecutive weeks.