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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...

According to experts, price of petrol in Pakistan should have reduced by Rs 25 per liter in view of the recent decline in oil prices in the international market. Due to the rupee's continuous decline against the dollar and the local unit making record lows on a daily basis for the last couple of days, the government will not be able to pass on the benefits of lower prices for petroleum products to consumers. The local currency had plunged to a new low against the US dollar, which continued to strengthen in the inter bank market for the ninth straight session. As it shed Rs 3.09 or 1.31%, the greenback closed at Rs 236.02 in the inter bank market, up from Rs 232.93 a day earlier. After closing at almost Rs 211 on July 15, 2022, the dollar has gained Rs 25 against the rupee. As a c...

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Despite foreign aid, USD hits highest against PKR

Pakistani petrol prices could rise?