PKR recovers sharply in open-market trade against USD.

Pakistani currency made a remarkable recovery of almost 5.5 percent, or Rs16, in a single day to a one-week high at Rs295 against the US dollar in the open market at around midday on Thursday.

The currency had closed at Rs311 against the greenback on Wednesday, according to the Exchange Companies Association of Pakistan (ECAP).

Accordingly, the gap in the rupee-dollar exchange rate between interbank and open...

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