The Pakistani rupee registered a minor gain against the US dollar as it appreciated 0.05% during trading in the Inter-Bank Market.

At 10:05am, the rupee was hovering at 279.30, an increase of re0.13 in the Inter-Bank Market.

On Tuesday, the rupee had depreciated 0.11% to settle at 279.43 against the US dollar.

In a related development, the State Bank Of Pakistan (SBP) said it is expecting improvement in the inflows of remittances to Pakistan in the future amid a significant increase in labour migration.

Pakistan witnessed a surge in labour migration in FY22 and FY23 compared to the preceding two years.

Some 0.8 million Pakistani workers were registered through Bureau Of Emigration And Overseas Employment And Overseas Employment Corporation during FY23.