Federal Budget

PKR continues losing streak, falls by Rs0.53 against USD

PKR continues losing streak, falls by Rs0.53 against USD

Business

Dollar has increased by 5.95 rupees as the greenback closed at 181.55 rupees on April 16

KARACHI (Dunya News) - The exchange rate of US Dollar strengthened by Rs0.53 in the interbank on Wednesday against Pakistani rupee for the first time after the new government assumed the charge.

The greenback closed at Rs187.50 on fifth business day of the week compared to previous closing of Rs186.97.

In last few sessions, dollar has increased by 5.95 rupees as the greenback closed at 181.55 rupees on April 16.

Meanwhile, Finance Minister Miftah Ismail visited Washington to hold talks with International Monetary Fund (IMF).

The Finance Minister, in a tweet, said that he will try to put back on track IMF program that Pakistan Tehreek-e-Insaf (PTI) and Imran Khan derailed and endangered country’s economy.