The Pakistani rupee recouped some losses against the United States (US) dollar in the interbank market on Thursday.
According to the data shared by the State Bank of Pakistan (SBP), the domestic currency closed at Rs175.39 against the greenback, showing appreciation of 29 paisas over the previous close of Rs175.67. The Pakistani rupee declined by almost 12 per cent last year.
The dollar flight continued despite multiple measures taken by the State Bank of Pakistan (SBP) to stabilise the exchange rate.
The Federal Investigation Agency (FIA) is also continuously clamping down on hoarders and smugglers to restrict the outflow of the dollar in a bid to ease its demand.
