The Pakistani currency is in flux, having shed 52 paisas versus the US dollar on Friday after gaining a solid Rs4.70 yesterday on the basis of favorable economic feelings. On Friday, the US dollar traded at Rs207.70 in the interbank in the early hours of the day after an increase in value by Rs0.47. In the open market, the US dollar traded between Rs208.50 and Rs209.50. Though the expected IMF and China agreement have yet to occur. Yesterday, the Pakistani rupee soared against the dollar, outperforming the greenback by Rs4.93. However, by the end of the evening, the greenback had dropped to Rs207.23, a loss of Rs4.70. Pakistan is currently suffering a significant problem of dwindling foreign reserves, with the US dollar regularly pounding the Pakistani rupee, which reached a historic high of Rs212 on Wednesday. Pakistan is feverishly attempting to secure an IMF loan, but it appears that the agreement is still a few weeks away.