What is behind the weakening of PakistanI Rupee against US dollar?
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The weakening of Pakistan currency is shattering country’s economic standing as it’s fueling inflation and prices of all items are going through the roof.
Experts believe that our ballooning import bill and trade and current account deficit are reasons behind the depreciation of Pakistani currency which are rendering it spineless.
They also opine that the uncertain political situation prevailing in the country is one of the main reason for the mounting pressure on the Pakistan rupee link.
They feared a negative impact of Pakistan currency’s depreciation on our economy.
According to economic experts, the US link link has gained over six rupees in value during the last four weeks.
