ISLAMABAD – Pakistani Rupee has further depreciated against the US dollarin the interbank market.
US dollar gained some 45 paisas in value against the national currency onMonday.
With the gain of 45 paisas, the dollar appreciated against Pakistan Rupee(PKR) to hit Rs133.70 in the inter-bank market.
Amid fast depleting forex reserves and external accounts imbalances, thePKR is under pressure and has lost nearly 10 per cent of its value in thelast few weeks.——————————
Read Top Stories
Experts say that the Pakistani currency is coming under increased pressureafter reports that the US is interfering in the IMF bail-out for Pakistan.
A state department spokesman has recently stated that the IMF loan must notgo to service the debts Pakistan has acquired from China.
