Pakistani Rupee Crashes to Rs. 137 Against US Dollar

After Pakistan’s decision to seek IMF’s help in stabilizing its foreign currency reserves yesterday, the Pakistani rupee has registered a steep Rs 12.74 fall against the US dollar. It is now being traded at Rs 137 in the open market.

Sources say that after seeking the IMF for the economic bailout, the government may let it rest around the Rs 135 mark as part of the adjustment. As per local media reports, the USD was trading at Rs 124.25 in the open market on Monday.

With the rupee’s devaluation, it is estimated that the external debt held by Pakistan has risen by Rs 900 billion.

US dollar rate has been revised to Rs. 137 with an increase of Rs. 12.74 in the Open Market.

Despite these developments, the Karachi Stock Exchange broke its long bearish streak by rising to 38842 points after gaining 878 points on the back of the news that Pakistan is going to the IMF.

The rupee’s weakness has been attributed to the dwindling foreign currency reserves as well as the looming balance of payments crisis. Some experts state that its current devaluation may be part of the tough conditions imposed by IMF in order to secure the loan for Pakistan.


  • In the First Time History of Pakistan DOLLAR Vs PKR Will Be Reaching By Upto 150

    • Salim Amin Kardar

      Dude every time the rupee devalues it is the first time in history. Ridiculous, thoughtless post.

      • Armaghan

        iski bus suna kro…

        • College

          Once $ reaches 150 your Rs 1 Lac saving will be worth Rs 66000

          So you will be loosing 33000 on 1 Lac

          Thanks IK+Asad Umar for ruing my hard earned money.

          • Ahtysham Afzal

            Say thanks to people before IK and Asad, they are bound to go to IMF because they don’t have magic wand.

            • College

              Voted with hope that IK+Asad will control things

              But they are following the foot steps of predecessors

              Where is tabdeli?

              Patwari —> Baykari ?

              • Ahtysham Afzal

                bhai mere Tabdeeli is on its way, can’t you see steps against money laundering, corruption, land mafia, traffic violation and many others just in first 30 days or more!
                If they put extra tax you guys still hate him, will you borrow money to run your house or watch your kids suffer?
                They aren’t magicians or prophets with miracles, they need money to run this fcuked up economy. Do you have a better option?

                • College

                  Keep $ at Rs 110 for 5 years

                  Musharaf and Ishaq Dar stabilized the economy by keeping $ parity stable

                  No more loans, no more unemployment, no more inflation

                  Exporters can be given subsidy/refund

                  Get looted money back, that’s all

                  Why IK+Asad looting awan instead of getting back looted money ?

                • College

                  Keep $ at Rs 110 for 5 years

                  Musharaf and Ishaq Dar stabilized the economy by keeping $ parity stable

                  No more loans, no more unemployment, no more inflation

                  Exporters can be given subsidy/refund

                  Get looted money back, that’s all

                  Why IK+Asad looting awan instead of getting back looted money ?

                  • Ahtysham Afzal

                    Ishaq Dar stabilized currency? What a joke! Tell me more!

                    • College

                      For your education, Historical Data

                      Oct 2013 1US$ = PKR 108
                      Oct 2014 1US$ = PKR 102
                      Oct 2015 1US$ = PKR 101
                      Oct 2016 1US$ = PKR 105
                      Oct 2017 1US$ = PKR 105

                      Oct 2018 1US$ = PKR 135

                    • Ahtysham Afzal

                      lol pity on your research!

                    • College

                      You are genius in a particular class

                    • Ahtysham Afzal

                      You are stupid in every class!

                    • Adil Qasim

                      1 year data is missing, start with 2013 the rupees was 84…soon after nawaz manhoos took up the gov it start free fall reached to 107 in no time, but than thanks to 2 billion loan from Saudi that put the rupees back to 95 against dollar. But the looting continues and the rupees fall also continues, when Muslim league government goes rupees was 130 against dollar. on pti taking office positivism came back and in history first time rupees push dollar 5 rupees down, but if there is no fund with gov to run the country what you will do, so i think in these circumstances this is better position. they were positive when they came, but they didn’t knew that every single person in parliament and gov is so corrupt they wont let them survive. But still if in next 6 months we see positivity, it will be big slap on all media people and ex 70 years governments.

                  • Ahtysham Afzal

                    Whatever you wrote is easy what you wrote using your keypad but it’s extremely hard when it comes to practical life. I think they already doing whatever you wrote, anyway I cannot change your opinion. Infact nothing can…

                    • College

                      US and China is doing this
                      Even Turkey has started not to obey IMF and others

                      So there is only solution that if state bank works for Pakistan, they must bring back $ to Rs 100….. other wise Crash ahead

                      I think state bank is our national institution and works for the interest of Pakistan

            • Leo

              I recall the words of IK,, something like,, I will commit suicide before going to the IMF,, so any updates on this ??

              • Ahtysham Afzal

                There were many politicians who also said they will commit suicide if Imran Khan becomes PM, what about them?
                Shahbaz Sharif said he will resign if Rs 1 corruption is proved against him, what about him? He also said some legendary words about Zardari, what about those words?
                Why everything IK said is permanent and punishable what about others?

          • Armaghan

            i was replying to Abdul Wahab, read his comment again then think again what you just said…

          • Adil Qasim

            Please give some thanks to previous 10 years governments as well, who put us in this mess, i remember the rupee was 60 against dollar in musharraf era. So called dictator for media. Please wake up and know who is the enemy.

  • shaitan

    Why is Allah not saving the Pakistan rupee? People should question their neighbourhood mullahs about this.

    • Xahid

      its because, Tabdeeli aa-nahi rahi, Tabdeeli aagaye hai!

  • Ali

    Forgot about buying anything online from now on.I am ashamed tears are dropping from my eyes.

  • hahah

    L A N A T I KHAN

  • Muhammad Areeb

    media ki waja se ho raha hai ye sab….

  • shahzad

    Lets’s plant trees F**K the economy!!!

  • Armaghan

    spot patwaries in post!!!!

    • College

      Patwari vs Bayraki
      Khub guzray gi jo mil batheen gay dewanay doo

  • Shehzad_6

    This cocaine Niazi of 2018 will drown Pakistani awam in Tabdeeli and make Naya Pakistan just like Niazi of 1971.
    May Allah drown this Niazi and his 38 member delinquent cabinet in his own Tsunami and rid us from this evil imposed on us through (s)election 2018.
    P.S: I am not associated with PTI or PML-N etc.