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.
Comments came after Trump reprised his complaint that multiple indictments against him were politically motivated
Wins are Labour’s latest in local elections to councils and mayoralties on Thursday
267 raids were conducted against elements involved in Hawala, Hundi and illegal currency exchange
The mountaineer ascended the peak at approximately 8:50am
Fayyaz Watto given additional powers of DG administration
His oath-taking ceremony was scheduled on Sunday which was postponed due to personal reasons