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Pakistani Rupee Falls to All-time Low of RS 252 Against Us Dollar

ISLAMABAD, January 27, 2023- Pakistani rupee has fallen to all-time low of Rs. 252 against US Dollar.

Recently, on an open market, the Pakistani rupee fell by 5.75 percent, or Rs14.5, to a record low of Rs252.5 per US dollar.

The PSX (Pakistan Stock Exchange) increased by 1.87% (or 730 points) to 39,785 points as the rupee depreciated. However, the currency depreciated as currency dealers stated they would stop artificially maintaining the rupee’s value at Rs238 per dollar for a time.

Read More: Govt to Present Another Mini-budget With RS. 300 Billion New Taxation Measures

Muhammad Sohail, CEO of Topline Securities, claimed, “At 11 a.m. today, the local currency fell to Rs252.5 per dollar.” Until Tuesday, currency dealers had maintained it at Rs238.”

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