{"id":330589,"date":"2023-05-12T09:23:31","date_gmt":"2023-05-12T04:23:31","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=330589"},"modified":"2023-05-12T09:23:31","modified_gmt":"2023-05-12T04:23:31","slug":"us-dollar-about-to-top-rs300-mark-against-pak-rupee-in-interbank","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/us-dollar-about-to-top-rs300-mark-against-pak-rupee-in-interbank\/","title":{"rendered":"US dollar about to top Rs300 mark against Pak rupee in interbank"},"content":{"rendered":"<p>KARACHI<br \/>\nFollowing the political upheaval started soon after the arrest of PTI Chairman Imran Khan, the US dollar has ruthlessly knocked out the Pakistani rupee for the second consecutive day by gaining Rs8.78 in its value in the interbank trading on Thursday.<br \/>\nAccording to money dealers, as the trading session started today, the spineless rupee slumped quickly and depreciated by Rs8.78 against the US dollar which was being exchanged for Rs299 now. It may be mentioned here that the greenback had gained Rs15.41 in value during the last four trading sessions.<br \/>\nIn the open market, the US dollar has surpassed the psychological barrier of Rs300 as the greenback was being traded at Rs301. Yesterday, the Pakistani rupee was crashed to the historic low against the US dollar in the interbank market losing massively by Rs5.38 in a single day, letting the US dollar reaching the historic high at Rs290.22.<br \/>\nThe PTI leader\u2019s arrest and the ensuing nationwide protests coupled with already weak macros have dealt a serious blow to the country which is already struggling with the economic crisis. Pakistan is running out of dollars, inflation is going through the roof reaching over 36%, and the crucial International Monetary Fund\u2019s bailout is still in limbo.<br \/>\nThe IMF bailout programme, which expires in June, has been stalled since November. Foreign exchange reserves at $4.457 billion could cover barely a month\u2019s worth of imports. The country\u2019s economy is on ventilator and needs immediate resuscitation efforts.<br \/>\nThe financial assistance from the friendly countries such as China, Saudi Arabia and the United Arab Emirates has yet to materialise fully. The economic experts are of the view that political stability is must for the economic stability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI Following the political upheaval started soon after the arrest of PTI Chairman Imran Khan, the US dollar has ruthlessly knocked out the Pakistani rupee for the second consecutive day by gaining Rs8.78 in its value in the interbank trading on Thursday. According to money dealers, as the trading session started today, the spineless rupee [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-330589","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US dollar about to top Rs300 mark against Pak rupee in interbank<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/us-dollar-about-to-top-rs300-mark-against-pak-rupee-in-interbank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US dollar about to top Rs300 mark against Pak rupee in interbank\" \/>\n<meta property=\"og:description\" content=\"KARACHI Following the political upheaval started soon after the arrest of PTI Chairman Imran Khan, the US dollar has ruthlessly knocked out the Pakistani rupee for the second consecutive day by gaining Rs8.78 in its value in the interbank trading on Thursday. According to money dealers, as the trading session started today, the spineless rupee [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/us-dollar-about-to-top-rs300-mark-against-pak-rupee-in-interbank\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-12T04:23:31+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script 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