Dawood Ahmed:


The Pakistani rupee witnessed a major depreciation as it sank Rs.19 against the US dollar in interbank on Thursday. Local currency trading at a historic high of Rs284.85 in morning trade, according to data shared by the Exchange Companies Association of Pakistan (Ecap).

Analysts attributed the record drop — which is 7.04pc — to the government’s impasse with the International Monetary Fund (IMF).

On Wednesday, the PKR closed at Rs266.11 per dollar, according to SBP data.

Leave a Reply

Your email address will not be published. Required fields are marked *

About the Author

Quetta Voice is an English Daily covering all unfolding political, economic and social issues relating to Balochistan, Pakistan's largest province in terms of area. QV's main focus is on stories related to education, promotion of quality education and publishing reports about out of school children in the province. QV has also a vigilant eye on health, climate change and other key sectors.