TRADE & ECONOMY

Pakistan's Payment could stop if the IMF deal is delayed, According to a report

2023-03-14
Pakistan's Payment could stop if the IMF deal is delayed, According to a report

The Pakistani rupee continued its losing streak on second consecutive day against the US dollar in the interbank and open markets as clouds of uncertainty hangover the revival of the IMF deal.



The local currency belittled by 0.24% against the greenback in the interbank market, settling at Rs282.29 as compared to Friday’s Rs281.61 when it witnessed a decline of 0.30%.


Reports said the Pakistan was not included in the IMF’s plan till March 31, a development that has also generated negative views among the investors.