KARACHI: On the back of Pakistan staring directly at a default, the greenback is pushing the local currency to a corner as the former is now trading at Rs212 in the interbank market. The US dollar has gained Rs1.21 against the rupee since yesterday.
Dollar is gaining strength with each passing day. As the clouds of uncertainty loom over the IMF bailout programme, the rupee continues to take hits.
Pakistan faces a serious threat of going bankrupt. In case, the IMF does not extend a helping hand to Pakistan, the country could face the worst of the economic crisis.