The dollar fell to its lowest value since March 24, 2020 at the start of trade in the interbank losing around 30 paisa compared to previous close of 159.46. A roadside money changer handles bundles of Pakistani rupee banknotes at a currency exchange market in Pakistan. Trading started at 159.25/159.35 before the dollar fell further and was being quoted at 159.15/159.18 (9:55 PST). Including today, the PKR has appreciated in 17 consecutive sessions and gained around Rs.4.7183 or 2.96%. PKR has appreciated by 5.59% in FY21 and 5.83% since it hit its all-time low of 168.4353 in August. Later in September, the Pakistani rupee strengthened nearly two per cent against the US dollar and the UAE dirham due to a higher inflow of remittances. Pakistan’s foreign exchange reserves rose to $19.7 billion that week, the highest since January 2018. In July, overseas Pakistanis sent a record $2.768 billion (Dh10.15 billion) in remittances, an increase of 36.5 per cent or $740 million over the same month last year. It was the highest ever recorded workers’ remittances in a single month in the country’s 74-year history.