In terms of growth, during March 2022, remittances increased 28.3% on a month-on-month basis. PHOTO: reuters
The rupee weakened against the US dollar at Rs180.57 in the inter-bank market on Friday compared with Thursday’s close of Rs180.07, according to the State Bank of Pakistan (SBP). It was an all-time low value for the local currency as demand for the dollar stood higher compared to its supply in the wake of an expanding current account deficit, swelling imports and rising global commodity prices.
Published in The Express Tribune, March 19th, 2022.
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