The greenback was being traded at Rs279.36 at the market closing as against the closing of Rs279.38 the previous day.

In the open market, the buying of the dollar was recorded at Rs279.15 while it was quoted at Rs281.95 for selling at the time of filing the story.

Total liquid foreign reserves held by the country stood at $13.15 billion as of February 9, the central bank said.

The South Asian country is under an International Monetary Fund programme. Last month, the IMF released the much awaited $700 million tranche under the $3 billion stand-by arrangement.

Renowned economic expert in a thread on X last week said that the federal government has no money.

“It cannot even afford to pay the salary of a peon or a soldier without borrowing. The entire tax revenue is consumed after paying provinces their share, pensions to retirees, and interest on debt,” Mian said.