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The Independent UK

National

Via AP news wire

THE TRUTH ABOUT: Pakistani rupee drops to record low amid talks with imf - The Untold Story

Pakistan Shahbaz Sharif International Monetary Fund Imran Khan

Copyright 2022 The Associated Press. All rights reserved.

Pakistan’s currency plummeted to an all-time record low in intraday trading against the U.S. dollar on Thursday, amid uncertainty about the success of crucial talks between the International Monetary Fund and the government of Prime Minister Shahbaz Sharif who is considering massive new taxation to avoid a default.

According to the central bank, the rupee slid to 200 against the U.S. dollar, showing a steady decline in the value of this Islamic nation’s currency.

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