Pakistani currency hit a new all-time low of Rs190 against the US dollar

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Ibtisaam arshad

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Pakistani currency hit a new all-time low of Rs190 against the US dollar in intra-day trade in the interbank market on Wednesday.
Besides, the Pakistan Stock Exchange (PSX) lost over 500 points.
The rupee and stocks both nosedived ahead of the resumption of talks with the International Monetary Fund (IMF) in Doha on May 18 for the revival of the multi-billion dollar loan programme.
For more: https://tribune.com.pk/story/2356085/1

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complete failure of PMLN ! but what else you can expect from a crime minister? Pakistan is going towards disaster ! all money launders and criminals are in cabinet ! they all should be in jail ! we still have time to rethink and bring back Imran khan to stabilize Pakistan ! there is no other solution
 
Pakistan will bear long-term economic pain because of the incompetence, bad governance and economic mismanagement of previous Imran government.
 
Lota chooru ka peon
U people deserve lota Nawaz Zardari diesel and other lota politicians to run pak
U don't have that luck to have leader like ik
 
Pakistani you have reached to this stage because your imdad stopped. As a mulk could never stand on your own feet Already damage has taken place Main reason for failure is hybrid nizam. Why your fauj became neutral Reason Ik could not deliver Best option fauj should run as they were interfering past 70 years. To put economy on rails is 10 years jobs of dedicated government
 
We wonder if the purpose of this government of importation was to reduce the meteoric inflation and to trace the value of the dollar in the country, then what is this?
Inflation and the dollar rate are experiencing rapid growth based on the performance of the current system.
 
Funny how now the N League supporters are blaming the previous government not realizing PRIs entire career went in to fix the damage N league caused in the first place .
N league is ironically still trying to correct its own damage while supporters who frankly have zero actual power continue to bikker.
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All these political connotations mud throwing aside people should know it's the market at play. The market is taking a big hit world wide. The cycle of its bearish momentum is coming and for that reason almost every asset world wide (Pakistan included which includes Rupees as PKR is an asset and stocks) is taking a tumbling. If Imran had been in power then the same would've happened. Not everything is a as simple as a Sazish against Imran Khan or Pmln. There r multiple things at play as well.
 
Ibtisaam arshad said:
Pakistani currency hit a new all-time low of Rs190 against the US dollar in intra-day trade in the interbank market on Wednesday.
Besides, the Pakistan Stock Exchange (PSX) lost over 500 points.
The rupee and stocks both nosedived ahead of the resumption of talks with the International Monetary Fund (IMF) in Doha on May 18 for the revival of the multi-billion dollar loan programme.
For more: https://tribune.com.pk/story/2356085/1

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