KARACHI: The Pakistani rupee continued to lose value against the US dollar on Wednesday, falling 1.16% in the interbank market.
At close, the rupee settled at 294.93, registering a decline of Rs3.42, as per the State Bank of Pakistan (SBP).
This is its weakest closing since May 11 this year, when the rupee settled near the 299 level.
On Tuesday, the rupee had also weakened against the US dollar, settling at 291.51.
In a key development, Anwaar-ul-Haq Kakar, the acting prime minister, declared on Tuesday that the administration will maintain economic policies and work to make them even better.
Increased foreign investment through the Special Investment Facilitation Council (SIFC) will continue to be one of the government’s top priorities, according to Kakar.
