The Pakistani rupee sank sharply by Rs18.74 against the dollar in the interbank market on Thursday, with the local currency trading at a historic high of Rs284.85 in morning trade, according to data shared by the Exchange Companies Association of Pakistan (Ecap).
Analysts attributed the record drop — which is 7.04pc — to the government’s impasse with the International Monetary Fund (IMF).
On Wednesday, the PKR closed Rs266.11 per dollar, according to SBP data.
