Islamabad: PakistanThe U.S. currency fell over $200 per dollar for the first time as the dollar shortage threatens to spiral into a full-blown crisis. The central bank said on its website that the rupee weakened 0.08% to close at 200 in Karachi on Friday. 14 dollars per dollar. The country’s foreign exchange reserves now cover imports for less than two months.
negotiating with policy makers International Monetary Fund To revive a stalled loan programme. key conditions will be required PM Shahbaz Sharif To raise fuel prices, which with inflation already at 13%, risks sparking public anger. Meanwhile the deposed PM Imran Khan Calling for early elections, he has threatened to lead the protest. Rupee may fall to $210 per dollar if uncertainty is not resolved samiullah tariq, Head of Research at Pakistan Kuwait Investment Company. The country’s benchmark KSE-100 index has fallen for the last five straight weeks.
negotiating with policy makers International Monetary Fund To revive a stalled loan programme. key conditions will be required PM Shahbaz Sharif To raise fuel prices, which with inflation already at 13%, risks sparking public anger. Meanwhile the deposed PM Imran Khan Calling for early elections, he has threatened to lead the protest. Rupee may fall to $210 per dollar if uncertainty is not resolved samiullah tariq, Head of Research at Pakistan Kuwait Investment Company. The country’s benchmark KSE-100 index has fallen for the last five straight weeks.