April 1, 2022
1 min read

Pak Rupee in free fall amid political uncertainty

In March, the rupee has depreciated by 3.38 per cent (or Rs 6.07) against the US currency…reports Asian Lite News

There seems to be no respite for the falling Pakistani currency as the rupee continued to decline against the US dollar, amid the ongoing political uncertainty and delays in economic decisions, especially the lingering talks with the International Monetary Fund (IMF), Geo News reported.

The currency surpassed the Rs 183-mark for the first time in the history of Pakistan, shedding over Rs 25 since the start of the ongoing fiscal (2021-22).

The rupee closed at Rs 183.48 against the US dollar in the inter-bank market on Thursday.

In March, the rupee has depreciated by 3.38 per cent (or Rs 6.07) against the US currency.

Meanwhile, as the Opposition’s number game gets stronger, Prime Minister Imran Khan has offered to dissolve the assembly if the no-confidence motion against him is withdrawn, Geo News reported.

According to the sources, an “important personality” has given a message of Imran Khan to the Leader of the Opposition in the National Assembly, Shahbaz Sharif.

This was revealed during the meeting of the Opposition leaders on Thursday ahead of the crucial National Assembly session for the debate on the no-confidence motion.

It was shared that the premier has asked for a “safe passage” amid a deepening political crisis.

Sources further added that Imran Khan has said that if the Opposition doesn’t agree to his suggestion, he is ready to face any situation, Geo News reported.

ALSO READ-Motorola is now the third-largest smartphone brand in US

Previous Story

Russia bans top EU officials

Next Story

Wipro launches 100 cr manufacturing facility under PLI scheme

Latest from Business

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite News Microsoft is set to cut around 9,000 jobs —

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding

India Bats for Fairer Global Finance: FM Sitharaman

FM Sitharaman stated that we believe that optimal regulation fosters innovation and stability….reports Asian Lite News India supports reforms to the international financial architecture to enhance inclusivity and equity, including Multilateral Development
Go toTop