Wednesday April 06, 2022

PKR Hits All-time Low Against US Dollar

KARACHI: Amid ongoing political uncertainty in the country, Pakistani Rupee continued to slump against US Dollar in the interbank market. The local currency dropped 90 paisa against the greenback at the close of the session.

The rupee continues to be under pressure against the dollar due to the ongoing political turmoil in the country. Due to lack of policy, the International Monetary Fund (IMF) has temporarily suspended its program.. Rising demand for the dollar is pushing up the value of the dollar.

According to data released by the State Bank of Pakistan on social networking site Twitter, during the second trading day of the week, the US dollar appreciated by 90 paisa against the rupee in the interbank market to reach historic high of Rs 186.13.

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