The Pakistani rupee resumed its slide against the US dollar on Thursday, hitting an all-time low in the interbank market, surpassing 191.

The local currency finished at Rs191.77 against the greenback in the interbank market, down Rs1.7 (or 0.91 percent) from Wednesday’s record low of Rs188.66.

The local currency has continued to fall, confirming analysts’ projections that the country will suffer further losses in the future due to political and economic uncertainty.

 

Leave a Reply

Your email address will not be published.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

You May Also Like

Indian propaganda to divert attention from Kashmir issue: says COAS

RAWALPINDI: During the 244th Corps Commanders Conference, held at the General Headquarters,…

Vietnam picks new president in power shuffle

Vietnam has chosen a new president after an anti-corruption drive and power…

ECP appoints returning officers

Islamabad: The Election Commission of Pakistan on Friday appointed district returning, returning,…

Reforms in revenue policies ‘essential’: Dar

Islamabad: Finance Minister Ishaq Dar said that revenue policies were imperative for…