Pakistans rupee falls to record low after delay in IMF deal – Business Standard

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Pakistan government | economy | Rupee
Bloomberg  Last Updated at November 13, 2021 02:10 IST
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Pakistan’s dropped to a record low on investor concern about the delay in the government reviving a $6 billion loan from the Monetary Fund.
The South Asian nation has been in talks with the Washington-based lender to renegotiate the program with relaxations in some terms, including electricity and fuel price hikes. Finance Minister Shaukat Tarin had earlier said the IMF deal would be completed in the week ended November 5.document.write(““);googletag.cmd.push(function(){googletag.defineOutOfPageSlot(‘/6516239/outofpage_1x1_desktop’,’div-gpt-ad-1490771277198-0′).addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();});

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The weakened 0.9 per cent to close at 175.73 a dollar Friday, according to State Bank of Pakistan data.
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