Karachi: On May 25, the Pakistani rupee dropped to a historic low of Rs201.92 against the US dollar as an ongoing political crisis lessened confidence in the currency. According to data released by the State Bank of Pakistan (SBP), the local currency shed 0.25% against the greenback today. The ongoing political drama in the wake of PTI’s ‘Azadi March’ also added fuel to the freefall of the local currency.
You May Also Like
Apple alleges India’s apps of abusing power
New Delhi: On Dec 19, Apple Inc has consulted India’s antitrust watchdog…
- Alina Hashmi
- December 20, 2021
Emirates to start Dubai-Tel Aviv daily flights
Dubai: It emerged on Thursday that Emirates will be starting daily flights…
- Alina Hashmi
- November 4, 2021
China pressurizes Continental over Lithuania
Vilnius/Frankfurt: On Dec 17, China is pressuring German car parts giant Continental…
- Alina Hashmi
- December 17, 2021
US Dollar slides ahead of central bank meetings
The US Dollar (USD) fell on Monday, dropping to a two-week low…
- Hafsa Mustafa
- October 30, 2023