KARACHI: The Pakistani rupee lost further ground amid a deepening political crisis in the country and was traded at 236.50 to a dollar in the interbank market during intraday trade on Wednesday.
The local unit lost Rs3.57 today – the first trading session after the Supreme Court removed PML-N Hamza Shahbaz as chief minister of Punjab, dealing a massive blow to the Shahbaz Sharif government in the Centre.
The rupee had closed at Rs232.93 a day ago. The rupee has been one of the world’s worst-performing currencies, slumping more than 30% since the start of the year (2022).
More to follow…