The US Dollar Pakistani Rupee (USD/PKR) exchange rate is recouping losses from the previous week. The pair slipped -0.4% last week. Today the pair trades +0.5% at 166.20.
Pakistan’s overseas remittances remain above $2 billion for a third straight month. August’s remittances rose $2.095 billion, after a record $2.76 billion in July. Remittances have grown over 37% over the last three months compared to the same period last year.
The US Dollar is trading lower versus its major peers, as investors sell out of the safe haven. News that AstraZeneca has restarted its covid vaccine trial after a brief pause last week.