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

PKR surpasses 188 mark in intraday trade

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Karachi: The Pakistani rupee has surpassed 188 against the US dollar due to political turmoil, and economic growth is expected to slow to 4%.

The dollar was quoted at around 188 compared to the previous day’s close of 186.13.

In the first hour of the trading session, PKR depreciated by 97 paise.

The PKR has lost more than 10 rupees in value since March 8, the day a no-confidence motion was introduced against Prime Minister Imran Khan.

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