Ongoing political crisis in the country and delay in IMF talks contributed towards decline in value
Published 3 years ago on May 24th 2022, 6:08 pm
By Web Desk
Karachi: Amid political and economic uncertainties, the Pakistani rupee continued its downturn trend for the 14th consecutive working day on Tuesday against the US dollar to close at historic low of Rs201.41 in the interbank.
The local unit closed at Rs200.93 against the greenback on Monday, according to the State Bank of Pakistan (SBP).
The announecemnt of Azadi March by the PTI and ongoing political tussle with the coalition government and delaying in talks between Pakistan and IMF remained the contributing factors for weakening of the local currency.
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