Pak Rupee hits Rs.141.40 against US dollar

KARACHI: Pakistani Rupee continue to depreciate against US Dollar in the interbank market as Government entered in the final stage with the International Monetary Funds (IMF) to let the currency depreciate ahead of obtaining bailout.

Pakistani Rupee is being traded at Rs 141.40 against US dollar on Wednesday, April 3 2019.

The latest round of Rupee depreciation comes after Government delayed in the IMF bailout package.

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According to Finance Minister, Asad Umar said that negotiation with the International Monetary Fund (IMF) had entered in the final stage with the settlement of almost all the issues related to the signing of an agreement.

“We are very close to each other and there is no fundamental difference,” the minister said while talking to media-persons after launching the State Bank of Pakistan’s (SBP) Electronic Money Institutions (EMIs) Regulations.

According to the Market analysis, Pakistani Rupee might hit Rs.146 to Rs.150 as Government gets the IMF bailout package.

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