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.
