KARACHI: Rupee weakened 1.5 percent to hit a new record low of 151.92 in the interbank market on strong dollar demand on Tuesday, ignoring hefty increase in interest rate a day earlier as analysts bet on the central bank’s much-needed intervention to tame the pressure on the local currency. The rupee weakened from 149.65 in the previous session. The rupee also plunged in the open trade, tracking a weaker currency in the official market. The local currency slid by Rs3 to close at 154 against the dollar in the open market, further fading from the previous close of 151. Meanwhile, 24 carat gold rate surged to Rs72,100 per tola on Tuesday.
They said that government was doing unnecessary delay for providing relief in power tariffs
In-camera huddle of PCNS takes stock of grim reality, underscores need for complete national unity to respond to
"Why are you trying to trigger a war with Muslim brothers," Aleema Khan says while quoting her brother Imran Khan
White House official said documents would be released on Tuesday in afternoon through National Archives
"I had said very clearly that there should be no two opinions on terrorism, no politics on it, and everyone should be...
Proposed exchange rate of Rs278.80 per US dollar will also be used in cost calculations
