The Pakistani rupee slid 3.1 percent against the dollar on Wednesday in an apparent devaluation as the central bank said the new rate would shore up economic growth and ease external account pressures.
Abdullah Kakar, an employee in the agriculture department in the eastern Afghan city of Jalalabad, converts most of his wages into Pakistani rupees each month except for a small amount to pay his electric bill, school fees and top up his phone card.
KARACHI: The Pakistani rupee traded at a record low on Tuesday because of increased import payments and a deteriorating economic outlook, dealers said.
“The rupee was traded at 90.20 (to the dollar) and there were import payments of about $100...
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