KARACHI – The down fall of rupee was in year 2018 cost Pakistan Rs 2700billion, it has been reported.
In January 2018 dollar was trading at Rs110 level but in the end of theyear it touched Rs140.
The declining trend in rupee cost Rs2700 billion rupee extra debt burden onthe country.
“Current account deficit depleting foreign exchange reserves that’s thereason why rupee is in pressure, Pakistan need to arrange money to financethis,” said Samiullah Tariq Head of Research Arif Habib Ltd.
Read Top Stories
Increase in Dollar price fueled all imported commodities price like edibleoil, pulses, mobile phones, motorcycles, cars, petroleum products ext.
