Pakistani Rupee Reaches All-Time Low Against Dollar

Pakistani rupee has touched the historic low against the dollar on Thursday amid the political turmoil the country is going through.

Opposition parties tabled a no-confidence motion against Pakistan PM Imran Khan and this led to the fall of the currency.

The Pakistani rupee shows its worst performance, dropping to a low of 191 rupees to the dollar Thursday.

The currency has lost over six per cent in a month, and on the open market Thursday was at 191, and 189 at the interbank rate.

Pakistan's foreign exchange reserves have failed to stop a growing trade deficit.

Source: NDTV

Pakistan’s Prime Minister Imran Khan will face the no-confidence vote on Saturday.