KARACHI: Pakistani rupee continued to lose value as it plummeted 70 paisas against US dollar in the inter-bank market as later touched the Rs 101.10 mark.
Traders and businessmen are worried due to this political standoff because this situation would further curtail the value of local currency against dollar.
Analysts reflected that if the current political scenario continued to prevail in the capital city due to Imran Khan and Tahirul Qadri’s marches, the situation in open and interbank markets would also remain uncertain in coming days.
The situation intensified as the Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan threatened to storm Prime Minister’s House if Nawaz Sharif does not resign within the deadline set by the PTI chief earlier.
It is important to mention that the supporters of both Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) are camped inside the Red Zone of the Islamabad Capital Territory right in front of Parliament House, demanding the government to step down or face the wrath.
