PKR continues losing streak, falls by Rs1.05 against USD

PKR continues losing streak, falls by Rs1.05 against USD

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KARACHI: The exchange rate of US Dollar strengthened by Rs1.05 in the interbank on Wednesday against Pakistani rupee for the first time after the new government assumed the charge.

The dollar closed at 186.97 rupees on the fourth working day of the week, compared with the previous close of 185.92 rupees.

The greenback has gained 5.42 rupees over the past five sessions, with the greenback closing at 181.55 rupees on April 16.

Meanwhile, Finance Minister Mifta Ismail said on Thursday that he was in 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 Pakistan Justice Movement (PTI) and Imran Khan’s IMF program that derailed and jeopardized the country’s economy.

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