Karachi: The Pakistani rupee plunged to a new low on Thursday while proceeding with its downward spiral against the US dollar. Data released by the State Bank of Pakistan (SBP) showed that the local unit closed at a historic low of 239.94 against the US dollar — surpassing its last day low of 236.02 after devaluing by Rs3.92, or Rs1.63% today.

Leave a Reply

Your email address will not be published.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

You May Also Like

Pak, Russia agree to enhance cooperation

Islamabad: In a significant development at the second round of talks of…

Lyft to lay off over thousand workers

Ride-hailing firm Lyft Inc (LYFT.O) said on Thursday it would lay off…

Pakistan faces default risk without IMF loan: Moody’s

Moody’s Investor Service warned that without an International Monetary Fund (IMF) program…

Rupee progressed against Dollar

On Thursday, the value of the rupee increased up to 80 Paisa…