KARACHI: The Pakistani rupee's slide continued for a third day on Wednesday, with increased import payments, negative sentiment about regional currencies and a bleak outlook for the country's economy driving it to a record low of 88.45 to the dollar.
KARACHI: The value of Pakistan currency against dollar is depreciating continuously in new fiscal year amid fears of less dollar inflows in future along with the suspension of IMF program.
HONG KONG: Asian stocks bounced on Thursday after tentative steps by euro zone policymakers to tackle a crippling debt crisis, but investors remained wary that obstacles the bloc's leaders face could weigh on the euro and Asian currencies in the medium term.
TOKYO: Riskier assets across the board from stocks, metals and commodity currencies fell on Thursday as investors grew wary about taking risks ahead of a key European leaders' summit on Sunday.
KARACHI: The Pakistani rupee hit its second record low against the dollar in two days on Friday, touching 87.92 on increased import payments and pessimism about the country's economic outlook before firming to 87.75/78 at the close.