Pakistani rupee hits new low of 228 against US dollar

US dollar trades at Rs229 against Pakistani rupee in interbank market. Import plunge reduces pressure on local unit. IMF acknowledgement of fulfilling prerequisites also stabilises market. KARACHI: The US dollar continued to…

KARACHI: The Pakistani rupee on Thursday continued its downward trend against the US dollar, hitting a new low of 228 during the morning trade in the interbank market — despite the government’s assurances of market stability in the coming…