KARACHI: The decline in value of the Pakistani rupee continued on Thursday as the dollar gained the record all-time high value against the local currency.
During the first session in the interbank market, the greenback reached Rs181.74, while in the open market, the dollar traded at Rs182.30. Earlier on Monday, the dollar had made gains of 0.26 per cent and closed at Rs181.25.
According to economic experts, the delay in the seventh review of the International Monetary Fund’s $6 billion tranche and uncertain political situation have created pressure on the local currency.