President Arif Alvi. PHOTO: NNI
Rupee’s fall should not panic anyone: PM Imran
In a tweet, the president implored the nation to consider the upsurge on Pakistani rupee. He stated that "we must try to avoid luxury goods and avoidable imported purchases".
Considering pressure on Pak rupee,I urge Pakistanis to buy 'Made in Pakistan'. In this time of crisis we must try to avoid luxury goods & avoidable imported purchases. If you put your mind to it there is a long list of daily use imported products. This is what we must do together
— Dr. Arif Alvi (@ArifAlvi) December 2, 2018
He further added: "If you put your mind to it there is a long list of daily use imported products. This is what we must do together."
Rupee closes at all-time low of 139.05 in inter-bank market
Finance Minister Asad Umar on Friday said the federal government will no more artificially control the currency value, which analysts read as the beginning of the implementation of prior actions suggested by the International Monetary Fund for a bailout package.
The rupee weakened 3.8 per cent and closed at an all-time low of Rs139.05 to the US dollar in the inter-bank market on Friday. In the early hours of the day, the rupee hit an intra-day record low of Rs144 to the greenback.
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