Karachi: On Thursday, the Pakistani rupee continued to erode against the US dollar ahead of the International Monetary Fund’s (IMF) executive board meeting on August 29 in Washington. In the interbank market, the local unit closed at 219.41 after losing 0.47 against the dollar, up from yesterday’s close of 218.38. Economic experts have said that the pressure on the rupee will continue till the IMF board’s approval of $1.17 billion loan for Pakistan.

Leave a Reply

Your email address will not be published.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

You May Also Like

PSX loses 180 points

Karachi: On Monday, the Pakistan Stock Exchange (PSX), KSE100 has lost more…

Ukraine resumes electricity exports

It emerged that Ukraine would resume exporting electricity after a six-month gap…

Pakistan getting no ‘special discount’ on oil purchase: Russia

Russia’s Energy Minister Nikolai Shulginov has ruled out any sort of ‘special…

OPEC sticks to 2023 and 2024 oil demand forecast

OPEC stuck to its forecast for oil demand growth for 2023 and…