According to the State Bank of Pakistan (SBP), the local currency settled at 281.55 against the greenback, compared to 281.65 in the previous week’s close. Finance Minister Muhammad Aurangzeb, during the past week, voiced optimism that inflationary pressures would remain subdued on the back of lower oil prices, while highlighting the government’s ongoing rescue, relief, and infrastructure rehabilitation initiatives in response to the devastating floods.
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