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Pakistani rupee continues downward slide

LAHORE: The Pakistani rupee continued its downward slide for the sixth straight session, according to central bank data.

According to the details, shortly after the start of business in the interbank market, the price of the dollar has increased by 1.67 rupees, after which the dollar has reached 230 rupees. On the other hand, in the context of furnace oil becoming expensive in the world market, Pakistan and Afghanistan have signed an agreement for bilateral trade, especially coal trade.

It should be noted that the purpose of the bilateral agreement is to obtain relatively cheap coal instead of using expensive furnace oil for production in view of the shortage of electricity in Pakistan.

Even before this agreement, a small amount of coal is being imported for power generation through the Chaman border station in Balochistan, while under the new agreement, coal will also be imported from Kharlachi and Ghulam Khan customs stations in Khyber Pakhtunkhwa.

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