Overseas Pakistanis have invested a significant amount of money in Pakistan through the Roshan Digital Account (RDA) initiative, according to the State Bank. Total investments reached $1.532 billion, including $380 million in traditional New Pakistan Certificates, $656 million in Islamic New Pakistan Certificates, and $41 million in the Pakistan Stock Exchange.
Meanwhile, the Pakistani rupee has weakened against major currencies like the US dollar and British pound, while making modest gains against the euro.
The indicative buying rate for the US dollar stood at Rs278.05 for selling and Rs277.55 for buying. The British Pound (GBP) was quoted at Rs363.12 for selling and Rs362.47 for buying. The Euro (EUR) stood at Rs303.79 for selling and Rs303.25 for buying.
The Pakistan Stock Exchange (PSX) saw a marginal recovery in late trading on Friday, closing up 30 points due to positive earnings prospects for banking and auto sectors. The KSE-100 index reached an intra-day high of 85,750.18 points but later settled at 85,050.93 points.
