Fitch found Pakistan’s policy actions on economic front like tight monetary policy and flexible rupee-dollar exchange rate very sound. PHOTO: REUTERS
The rupee weakened against the US dollar at Rs153.46 in the inter-bank market on Thursday compared with Wednesday’s close of Rs153.24, according to the State Bank of Pakistan (SBP). Earlier, the SBP let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with the International Monetary Fund (IMF) for a loan programme on May 12, 2019. The IMF has asked Pakistan to end state control of the rupee and let the currency move freely to find its equilibrium against the US dollar and other major world currencies.
Published in The Express Tribune, April 23rd, 2021.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
1734606611-0/Express-Tribune-(8)1734606611-0-270x192.webp "sindh govt announces public holiday")
1734587529-0/Express-Tribune-(1)1734587529-0-270x192.webp "pakistan to host another icc event")
1731295009-0/Untitled-design-(38)1731295009-0-270x192.webp "white supremacist nick fuentes claims assassination attempt at home suspect killed by police")
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ