Just days after securing a $6 billion bailout package from IMF to help to stabilize its foreign currency reserves, the Pakistani rupee has experienced a steep fall of Rs. 2.25 against the US dollar.
The staff-level agreement was signed on Sunday, and the final approval is still awaited from the IMF board, but the dollar has already surged vs the Rupee in the market.
The US currency is now being traded at an all-time high rate of Rs. 146.25 in the open market.
Rupee’s weakness has been attributed to the dwindling foreign currency reserves as well as the looming balance of payments crisis. The devaluation is being seen as a part of the strict conditions imposed by the international lending agency for the bailout package for Pakistan.
Its going to over Rs.150,
Thank you Imran khan?
It’s Going to Over By 160 to 170
Thank U SHAAREEF & BHUTTO Family to Waste the PAKISTAN Money.
Tabdeeli aa nahi rahi Tabdeeli aa gae hy aur Abi aur b Zada tabdeeli aaye gi k Log Cheekhein marain gy.
Yeah : Fuel To Be Increase By 130 Per Liter
Floor Increase By 100 Per KG
It is estimated
Which Means Agar 30K Kisi Ki Salary hai to Use MONTHLY 15K Short Parega
More Inflation Increase Crime
Sad news….? Renault not coming to Pakistan. Thank you IK.
We Are Happy with Mehran We Cannot Afford Renault :
basically its market rate. which means its speculation by market mafia. Inter-bank rate is the same at 141.