{"id":352916,"date":"2023-09-01T08:52:06","date_gmt":"2023-09-01T03:52:06","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=352916"},"modified":"2023-09-01T08:52:06","modified_gmt":"2023-09-01T03:52:06","slug":"pkr-freefall-continues-unabated","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/pkr-freefall-continues-unabated\/","title":{"rendered":"PKR freefall continues unabated"},"content":{"rendered":"<p>dips to 305.5 against USD<br \/>\n KARACHI<br \/>\nThe US dollar made another record against Pakistani rupee in the interbank market on Thursday with the local currency continuously sinking with no help in sight to arrest its slide.<br \/>\nAccording to the State Bank of Pakistan, the local currency plunged by Rs1.09 against the greenback, taking the dollar to a historic high of Rs305.54 at the end of the day. On Wednesday, the Pakistani rupee had closed at a record low of Rs304.45 against the US dollar in the interbank market.<br \/>\nCaretaker Finance Minister Dr Shamshad Akhtar had told the Senate Standing Committee on Finance meeting presided over by Senator Saleem Mandviwalla that the caretaker government does not have the fiscal space for subsidies but added that the proposal was under consideration to withdraw electricity to privileged ones.<br \/>\nThe Senate committee expressed concerns over the growing exchange rate fluctuations, unprecedented electricity cost, and 22 percent interest rate that are making it challenging for current businesses to survive and thrive.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>dips to 305.5 against USD KARACHI The US dollar made another record against Pakistani rupee in the interbank market on Thursday with the local currency continuously sinking with no help in sight to arrest its slide. According to the State Bank of Pakistan, the local currency plunged by Rs1.09 against the greenback, taking the dollar [&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-352916","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>PKR freefall continues unabated<\/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\/pkr-freefall-continues-unabated\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PKR freefall continues unabated\" \/>\n<meta property=\"og:description\" content=\"dips to 305.5 against USD KARACHI The US dollar made another record against Pakistani rupee in the interbank market on Thursday with the local currency continuously sinking with no help in sight to arrest its slide. 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