The US dollar's depreciation trend persisted Monday, marking its ninth consecutive day of decline in the exchange market. According to currency dealers, the dollar fell by 4 paisas and traded at Rs277.80 at the start of the business day.
In the open market, the British pound was bought at Rs367.5 and sold at Rs368. The Euro continues to trade at Rs308, while the Saudi Riyal is at Rs74.8, and the Bahraini Dinar at Rs735.
In a positive development for the economy, the Pakistan Stock Exchange (PSX) is experiencing significant gains, reaching an all-time high. The KSE-100 index increased by 333 points, now trading at a record 82,407 points.
In light of economic developments, the federal government has indicated the possibility of introducing a mini-budget during the current financial year.
Minister of State for Finance Ali Parvez Malik stated in an interview that meeting the International Monetary Fund's (IMF) targets may necessitate such measures.
He added that while it is not their preferred approach, the government might consider a mini-budget if target figures are not achieved.
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