Karachi: The Pakistani rupee remained highly volatile and continued its losing streak against the US dollar on Tuesday. It lost Rs2 in the interbank market despite Finance Minister Miftah Ismail assuring that the International Monetary Fund (IMF) program would be revived within the next two days. According to the State Bank of Pakistan (SBP), the US dollar closed at Rs211.48, after appreciating Rs2, or 0.72%, against Monday’s record high of Rs209.96.

Leave a Reply

Your email address will not be published.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

You May Also Like

Hyundai faces backlash in India

On Feb 7, South Korea’s Hyundai Motor faced calls for a boycott…

Stock plunges low as US Senate imposes sanctions on Afghanistan

On Wednesday, Pakistan Stock Exchange reported 3% fall and rupee also dropped…

Trump names 5 cryptocurrencies for national reserve, sending prices soaring

US President Donald Trump on social media announced the names of five…

Pakistan bans export of 212 items to Afghanistan

The Ministry of Commerce has banned the export of 212 items to…