PKR continues losing streak, falls by Rs0.53 against USD

PKR continues losing streak, falls by Rs0.53 against USD

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KARACHI: The interbank dollar rose 0.53 rupees against the Pakistani rupee for the first time since the new government took office on Wednesday.

The dollar closed at 187.50 rupees on the fifth business day of the week, compared with the previous close of 186.97 rupees.

The greenback has gained 5.95 rupees in the past few sessions, and the greenback closed at 181.55 rupees on April 16.

Meanwhile, Finance Minister Mifta Ismail visited Washington for talks with the International Monetary Fund (IMF).

In a tweet, the finance minister said he would work to get back on track the Pakistani Justice Movement (PTI) and Imran Khan’s IMF program that derailed and jeopardized the country’s economy.

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