Pakistan Rupee Continues to Decline with a Loss of Rs. 65 in Interbank

According to a report by Dawn, the downslide of Pakistan Rupee (PKR) continued with a loss of Rs. 65 in the interbank market. This decline in the currency’s value is a result of several factors, including a growing trade deficit, increasing inflation, and a decrease in foreign exchange reserves.

Growing Trade Deficit One of the main drivers of the declining value of PKR is the growing trade deficit in the country. This refers to the difference between the value of exports and imports and can have a significant impact on a country’s economy and currency value.

Increasing Inflation In addition to the growing trade deficit, the increasing inflation in the country is also affecting the value of PKR. Inflation refers to the rise in prices of goods and services over time and can lead to a decrease in purchasing power and confidence in a currency.

Decrease in Foreign Exchange Reserves Another factor contributing to the decline in PKR is the decrease in foreign exchange reserves in the country. This refers to the amount of foreign currency held by a country’s central bank and can have a significant impact on the value of a currency.

In conclusion, the downslide of Pakistan Rupee continues with a loss of Rs. 65 in the interbank market. This decline is a result of several factors, including a growing trade deficit, increasing inflation, and a decrease in foreign exchange reserves. It remains to be seen how the situation will develop in the future, but the current trend suggests that the value of PKR will continue to decline in the near term.