PKR sheds 2pc against USD since no-trust motion moved

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Pakistani rupee has depreciated over two percent since the opposition parties moved a no-confidence motion seeking the ouster of PM Imran Khan on March 8, accusing him of mismanaging the economy and poor governance.

The Pakistani rupee plunged from 178.13 to 181.73 against the US dollar during the aforementioned period, shedding Rs3.60 (-2.02 percent), according to the data shared by the State Bank of Pakistan.

Besides political uncertainty on the domestic front, surging crude oil and commodity prices globally have also played a role in depreciating the local currency. —TLTP

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