Ongoing political crisis in the country and delay in IMF talks contributed towards decline in value
Published 4 years ago on May 24th 2022, 11:08 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.
Sources: Rangers address needs with 3 signings
- 20 hours ago
Under-19 Asia Cup: India beat Pakistan by 90 runs
- 14 hours ago
NHL board of governors eager to see more 'color vs. color' jersey matchups
- 20 hours ago
Bondi Beach shooting: Australia hails ‘hero’ Ahmed who stopped gunman
- 13 hours ago
Australian PM declares Sydney shooting a ‘terrorist’ attack targeting Jews
- 13 hours ago
Security forces kill 13 Khwarij in two separate engagements in KP: ISPR
- 14 hours ago
How do you know if you’re wasting your life?
- 6 hours ago
Pakistan condemns attack on UNISFA in Kadugli, Sudan
- 13 hours ago
Jays president Shapiro given new 5-year deal
- 20 hours ago
Pakistan aims to become model in digital assets regulation: Bilal saqib
- 13 hours ago
Diaz picked Dodgers because 'I'm looking to win'
- 20 hours ago
Source: Gray, Nats reach deal to avoid arbitration
- 20 hours ago
You May Like
Trending
