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Your email address will not be published.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

Funeral processions held globally for Hamas leader Haniyeh

Several countries held funeral processions for Ismail Haniyeh, head of the Palestinian…

Govt to hold in-camera briefing on Operation Azm-e-Istehkam

Responding to the criticism of opposition, Federal Minister for Parliamentary Affairs Azam…

Four more independent candidates come into PML-N’s fold

Four more independent candidates who emerged victorious in the General Elections 2024…

GIDS introduces New Harbah Anti-Ship Missile at DIMDEX 2022

Doha: It emerged that Pakistani company GIDS introduced its new anti-ship cruise…