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Pak Rupee Loses Against US Dollar

KARACHI: The news that the incumbent PML-N-led  coalition government was pondering over reducing the prices of petroleum products and no news about a deal with IMF had forced the Pak Rupee lose against US dollar, slumping to 210 in the inter-bank market on Wednesday (13th of July, 2022). 

It is pertinent to mention here that US dollar was available for Rs. 157.54 till 31st day of July 2021. After shedding about 32% in the last 12 months it could now be bought for approx Rs. 211.50 in the open market. | YouTube Channel


M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.