Pakistani rupee falls against dollar: In Karachi. The first working day’s trade on the interbank market saw a sharp decline in the value of the Pakistani rupee relative to the US dollar.
The local currency was trading at 283.50 during intraday trading, down Re0.3 from the US dollar in the interbank market.
The local currency this week fell 0.53 percent against the dollar to close at 283.2 on the interbank market.
The stalled programme with the International Monetary Fund (IMF) caused the rupee to continue its roller-coaster journey, despite the government’s best efforts to secure urgently required assistance.
Ishaq Dar, Pakistan’s finance minister, recently asserted that friendly countries should encourage the South Asian country to make it easier to finalise the deal with the international lender.
