ISLAMABAD: Pakistani Rupee’s historic freefall continued Friday as it was being traded at 250 against the US Dollar, according to data shared by the Forex Association of Pakistan (FAP). However, according to the data shared by State Bank of Pakistan (SBP), the final standing of rupee against dollar at open market was observed at 239.37 on Friday. However, the FAP handout showed the rupee closed at 240 in the interbank market, DAWN reported. Saad Bin Naseer, director of a web-based financial data and analytics portal Mettis Global , said Friday that panic had reigned in the curb market for the last two to three days because of which the common man was converting his rupees to dollars. ONLINE
“Money changers are taking advantage of it. Panic is being created, the dollar is being kept at an elevated rate and profit is being made in dollars through trading,” Saad was quoted as saying by DAWN.
