Overview
- Pakistan’s inter‑bank rupee firmed to Rs279.51 on Wednesday, extending marginal daily gains from Rs279.56 late last week and Rs279.52 on Tuesday, according to SBP closings.
- An IMF staff mission begins discussions in Pakistan from Feb 25 to Mar 11 for the EFF third review and RSF second review, setting the stage for negotiations on the next tranche.
- SBP foreign exchange reserves rose to USD16.20 billion for the week ended Feb 13, with total liquid reserves near USD21.30 billion, as the IMF recently said EFF‑linked reforms have helped stabilize the economy.
- India’s rupee traded in a tight 90.7–91.0 range through midweek, printing 90.89 in early Wednesday trade after a 90.95 close on Tuesday, with traders citing oil moves, equity flows and dollar dynamics.
- Market reports pointed to RBI dollar sales to keep the rupee from breaching Rs91, while a US Supreme Court setback to sweeping tariffs and the president’s subsequent 15% levy announcement, plus higher crude near recent highs, swayed regional FX.