Pakistan, Aug. 1 -- The Pakistani rupee continued its positive momentum on Friday, gaining 17 paisas in the inter-bank market. The US dollar was being traded at Rs282.70, compared to Thursday's closing rate of Rs282.87. This rise marks another day of improvement for the local currency as it maintains a steady upward trend.

This consistent gain in the rupee comes despite global financial uncertainties. Internationally, the US dollar strengthened against several major currencies and is on track for its best weekly performance in nearly three years. The strength is mainly due to new tariff announcements by US President Donald Trump targeting multiple trading partners.

One major move included a sharp 39% tariff on Swiss imports, which boost...