Pakistani rupee witnessed a surge in value against the US dollar.
On Friday morning, the interbank market reported a decrease of 20 paise in the value of the US dollar.
The exchange rate was seen at Rs278 per US dollar.
In April 2024, there was a year-on-year increase of 27.9% in the amount of workers’ remittances, reaching a total of $2.8 billion.
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The dollar fell by 11 paise against the rupee in the interbank market on May 2.
According to the State Bank of Pakistan (SBP), workers’ remittances witnessed a growth of 3.5% to reach a cumulative total of $23.8 billion in the first 10 months of FY24.