The uptrend in international commodity prices suggests that Pakistan’s import bill would remain high going forward. PHOTO: FILE
The rupee weakened against the US dollar at Rs176.68 in the inter-bank market on Monday compared with Friday’s close of Rs176.67, according to the State Bank of Pakistan (SBP). On December 29, 2021 the rupee hit an all-time low of Rs178.24 against the greenback as demand for the dollar was higher compared to its supply in the wake of an expanding current account deficit.
Published in The Express Tribune, January 11th, 2022.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
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