Just Earth News | @justearthnews | 03 Feb 2023, 06:03 am Print
Image: Wikimedia Commons
Islamabad: The Pakistani Rupee plunged further on Friday to touch Rs 276.58 per dollar in the interbank market, media reports said on Fridayl.
This equates to a depreciation of Rs5.22, or 1.89 per cent, from yesterday’s close of Rs271.36, reports Dawn News.
Today’s slide comes as the government continues talks with an International Monetary Fund (IMF) delegation, which is currently in Islamabad to finalise the ninth review of its $7 billion loan programme to Pakistan, the newspaper reported.
If the review is successful, it would pave the way for a $1.2 billion tranche for Pakistan.
Alpha Beta Core CEO Khurram Schehzad said Prime Minister Shehbaz Sharif’s statement that the Fund delegation was giving a tough time to Finance Minister Ishaq Dar and his team during talks had lowered confidence once again and the rupee’s value declined as a result.
- Google's next big hardware event could be on August 12—What do we know so far?
- Samsung to unveil new Galaxy foldables in London—Launch event date, time announced
- From AI to killer robots: UN chief issues dire warning, urges global action before it's too late
- All you need to know: Samsung unveils UFS 5.0 solution for next-gen on-device AI applications
- Sony's PS Plus July lineup is here—and Call of Duty fans will love it
