Pakistani rupee continued its upward trajectory against the US dollar, appreciating 0.24 percent in the inter-bank market on Wednesday.
The local currency was trading at 283.25, with an increase of Rs0.67 against the dollar in the interbank market during intraday trade.
In the inter-bank market on Tuesday, the PKR maintained its upward trend and ended the day at 283.92 against the USD.
Chinese investments helped Pakistan avoid default by increasing its foreign exchange reserves, but the cash-strapped country is still waiting for the International Monetary Fund (IMF) programme to resume.
Before bailout money are released, Pakistan may face more obstacles, according to Esther Pérez Ruiz, IMF Resident Representative Office in Pakistan.
