pakistan Rupee
Pakistan rupee drops by Rs1.56 in interbank market
Islamabad: Pakistan's rupee extended its losses for the second consecutive session this week as it dropped by Rs1.56 against the dollar in the interbank market on Tuesday.
Data shared by the State Bank of Pakistan showed the local currency closed at Rs221.42 per dollar after depreciating 0.7 per cent, reports Dawn News.
Forex Association of Pakistan (FAP) Chairman Malik Bostan told Dawn News the dollar’s rate had risen because of increased demand for the greenback for duty-free vegetable imports from Iran and Afghanistan.
He said the government would have to ensure that dollars being bought for imports were not “misused”.
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