Tag: #Depreciation
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Pakistan’s Economic Woes: Depreciation of Rupee
This opinion is written by Shanawar Aziz. The headline of every news channel these days revolve around the economic crisis that Pakistan is facing. The rupee has lost 15% of its value against the dollar, the current account deficit crossed $5bn, and has reached 4.7% of the GDP. Moreover, foreign exchange reserves keep touching new…
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Dollar on the rise once again?
Baaghi TV: In the interbank market, the value of the dollar has risen again, and the value of the dollar has exceeded by approximately 160 rupees. Will Biden be a one-term president? US virus death toll passes 250,000, New York closes schools According to the details, the dollar fell in the interbank market this morning.…