Despite foreign aid, USD hits highest against PKR
The Pakistani Rupee PKR has witnessed its worst performance in history. PKR fell for the 13th continuous time against the USD on Tuesday. USD reached a record highest price of about 239.71 in the international foreign exchange market. This is the worst condition of the Pakistani Rupee since the beginning of the currency. Pakistan has been under the many hits of high rates of the United States Dollar price. But this is the worst performance so far. International Monetary Fund (IMF) has approved a loan of about 1.2 billion USD. Experts were confident that PKR will have better value.
After the recent disasters caused in Pakistan due to Floods, the world has responded positively to the government’s request for help. It is estimated that at least a half billion USD has been received by Paki...