Pakistan's currency slumped to a record low against the U.S. dollar on Wednesday as the country's mounting security and economic problems scare off investors.
The rupee has lost more than one-fifth of its value against the dollar this year, a barometer of the ills buffeting a nuclear-armed nation on the front line of the U.S.-led war on terror.
On Wednesday morning, the dollar rose to an all-time high of 80.10 rupees from Tuesday's close of 78.65 rupees and analysts were forecasting that the Pakistani currency would weaken further.
"There is a liquidity crunch all over the world. But what is special in Pakistan's case is that there is no …
Комментариев нет:
Отправить комментарий