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The Pakistani rupee reeled to an all-time low towards the US greenback on Wednesday, breaching the important threshold of 190 towards the buck within the interbank market.
With a recent decline of Rs1.36 (or 0.72%), the native forex closed at Rs190.02 towards the buck within the interbank market, surpassing Tuesday’s report low of Rs188.66.
Latest decline was attributed to uncertainty with respect to the Worldwide Financial Fund (IMF) programme, coupled with an absence of path from the federal government on main financial insurance policies and a roadmap.