The Pakistan currency took a massive hit on Friday and fell to 144 against dollar making things worse for Pakistan. The Pakistan PM who had promised new investment in the country has now faced a massive jolt.
“This is going to increase the import bill of the country and we might witness further devaluation of the rupee to the US dollar,” he cautioned.
It was the second devaluation since the current government came to power in August. On October 9, dollar had gained Rs 11.70 as panic gripped the market but finally it settled at around Rs 134.