Karachi: On Monday, the Pakistani rupee plunged further and crossed the 210 threshold against the US dollar in the interbank market for the first time. The domestic currency closed at Rs209.96 against the greenback in the interbank market after losing Rs1.21, or 0.65%, according to the State Bank of Pakistan (SBP). This is the seventh consecutive working day of free-fall in the rupee, losing approximately Rs6, or over 3%, to date.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Sri Lanka calls for $1 bln debt restructure

Colombo: Sri Lanka’s outgoing finance minister said on Thursday said that it…

Pakistan’s foreign exchange reserves drop to $12.65 b

The total liquid foreign reserves of Pakistan reached US$ 12.6560 billion while…

Pakistan’s trade deficit shrinks one-third to $17bn

Pakistan’s trade deficit narrowed by 32.65 per cent to $17.133 billion during…

Jameel Ahmad appointed as SBP’s new governor

Karachi: The federal government on Friday appointed Jameel Ahmad as the new…