Pakistani currency under severe pressure
ISLAMABAD - It is shocking news for the entire nation that value of dollar surged to an all-time high in the interbank market that would unleash a new wave of inflation and increase the overall debt of the country.
The economy of the country is in a very bad shape. Instead to devalue the rupee it should be fixed at some particular rate. Devaluation of rupee is not the answer if the root cause persists.
Now the profiteers will bring dollar to the market to get the advantage of the rise in the value.
Pakistani currency is under severe pressure currently due to tumbling foreign exchange reserves of the country.