Karachi
Pakistan rupee continued its losing streak against the US dollar in the interbank and shed Rs0.89 (-0.52 percent) during the last week, mainly due to high import bill and volatile situation in neighbour-ing Afghanistan.
According to the State Bank of Pakistan, the US dollar opened at Rs168.19 on Monday last in the interbank and closed at Rs169.08 on Friday, the last working day of the week.
The Pakistani rupee shed Rs0.89 during the last five days against the US dollar, while depreciation during the fiscal year 2021-22 has been Rs11.66. The local unit has shed Rs8.81 against the US dollar in the current year 2021.
The local currency has maintained a downtrend after it touched 22-month high of Rs152.27 in May 2021.—TLTP
