KARACHI: Pakistani rupee continued melting against the US dollar amid deteriorating law and order in the country due to political turmoil and depreciated by Rs8.71 paisas (-3 percent) on Thursday. Overall, the local currency has shed around 5 percent against the US dollar during the last two days. The country has been suffering from law and order situation since the arrest of former prime minister Imran Khan on Tuesday. The State Bank of Pakistan said in a statement that the dollar opened at Rs290.22 in the interbank market and closed at Rs298.93. Within the open market, the rupee was traded at 304/299 per dollar against 289/292 a dollar a session earlier. During the current fiscal year 2022-23, Pakistani rupee has lost Rs93.06 against the US dollar in the interbank, while it plummeted by Rs72.50 against the greenback in the current year. TLTP
