Pakistan Rupee Slumps to all-Time Low Against US DOLLAR

According to experts, the surging dollar has shattered the confidence of rupee-based economy and its stakeholders.

The gloomy macros will continue to put pressure on the local unit, they said.

Meanwhile, the State Bank of Pakistan’s (SBP) foreign exchange reserves fell by $328 million to $10.558 billion during the week that ended on April 23, data released by the central bank showed.