KARACHI: Amid the delay in the release of the much-needed $1.85 billion tranche by the International Monetary Fund (IMF), the rupee continues to shed value against the US dollar. The greenback is now being traded at Rs208 in the interbank market.
Despite the many assurances by the coalition government that the country was now on track of recovery, things look far from over. Dollar continues to gain momentum amid the delay and the growing uncertainty over the IMF bailout programme.
Despite having received the MEFPs from the lender, Pakistan is yet to receive the tranche.