The continuous devaluation of Pakistani rupee is continued as according to current rates on Wednesday (June 26) the value of the US dollar against the rupee touched another historical high at Rs160 in the inter bank market.
Yesterday, the US dollar declined by 30 paisa against the Pakistani rupee in the open market, and it was being traded at Rs156.90, and traded at Rs156.99 in the inter bank.
The unstable value of Pakistani currency is a big question mark on government’s capabilities to steer country out of crisis. According to experts, the government must ensure implementations on economic policies after the deal with the International Monetary Fund (IMF). It is anticipated that the US dollar rate would fluctuate for some time, and the value of the Pakistani rupee would stabilize after proper implementation of the economic policies.
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14 September, 2019