The World Bank and IMF have advised Pakistan to depreciate its currency to improve its balance of trade – but Pakistan’s financial managers have continued to reject the logic. Last Thursday, the Pakistani rupee began depreciating suddenly against the US dollar and ended at around four percent less on the same day. We expect further PKR depreciation following the government decision to approach the IMF for a bailout, the report states. market today (Thursday). Pictures of Amal Muneeb, Aiman & Muneeb’s Daughter, Have Gone Viral And The Couple’s Not Happy. It will stabilize at around 115 rupees to the dollar - the level that Advisor to the Prime Minister on Finance, Revenue and Economic Affairs Miftah Ismail stated on record that he and the State Bank of Pakistan … Responding to a calling attention notice raised by Senator Sherry Rehman regarding the record devaluation of Pak Rupee against US Dollar, he said the price of the dollar against rupee … This is the fifth round of rupee devaluations since December last year. Karachi Becomes 2nd Most ‘Cannabis Consuming’ City In The World And It Is An Unpleasant Record To Have! LAHORE - The Pakistani rupee depreciated by Rs0.53 in the interbank. Reaching at the historic level of Rupees 128.75 per dollar this week, Pakistani rupee has fallen down to almost 21% relative to the US Dollar, from December 8 … Rupee drops further to 158.42 against dollar. Pakistani Rupee the worst performer in a basket of 13 currencies in Asia; LAHORE: The almighty US Dollar (USD) seems to have broken the Pakistani Rupee’s (PKR) back as the rupee continues to depreciate further, after a short-lived appreciation rally towards the end of Ramadan. These are fruits of the government’s policy of maintaining a tight leash on the exchange rate. Moreover, going ahead into the election year, both foreign institutional investors (FIIs) and foreign direct investors (FDIs) would try to avoid the Indian markets as … Moody's points out that around one-third of Pakistan's government debt is denominated in foreign currency, and further rupee depreciation would increase the country's debt burden, which was equivalent to 68% of GDP at the … Pak rupee depreciates further. رہ. Pakistani rupee further depreciates against US dollar. Pressure mounts as foreigners pull out investment amid virus fears “We expect that the currency will further depreciate by up to 5 per cent before the country goes to the IMF programme,” Afzal said. USD-PKR was adjusted higher to 133.64 on 9 October in the interbank market, roughly 7.5% … An analyst and executive director of research at Insight Securities Zeesha Afzal said the rupee was devalued and it was not a coincidence that it came when Pakistan formally announced to go for IMF bailout. The market closed nearly 300 points up on Wednesday as the investors’ concerns over the falling foreign exchange reserves were put to rest by the government’s announcement to approach IFM for a bailout to shore up the falling reserves. But despite the steep fall in PKR’s value, experts believe the rupee is still overvalued. It is expected that Pakistani Rupee will further depreciate by 5% against the dollar in 2018’s second half. 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