KARACHI (DNP) The value of dollar has increased by 34 paisa PKR increase in interbank. The dollar rose to Rs 224 from Rs 223.66 in inter-bank. On Tuesday, the country saw a recovery in the value of the rupee against the US dollar, while the Pakistan stock market recorded a rebound after a flurry.
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Earlier today, Nomura has warned that seven countries – Egypt, Romania, Sri Lanka, Turkey, Czech Republic, Pakistan and Hungary – are now at a high risk of currency crises.
The Japanese bank said that 22 of the 32 countries covered by its in-house “Damocles” warning system have seen their risk rise since its last update since May, with the largest increases in the Czech Republic and Brazil.
PAKISTAN, OTHER EMERGING NATIONS AT HIGH RISK OF CURRENCY CRISIS Nomura has warned Pakistan too. PKR increase against dollar the Pakistan governement has to work to economy of Pakistan to stable the currency of Pakistan.
6 Months back dollar was at 189 in Pakistan. Now it is on 223 currently which effect the Pakistan economy and increase the inflation in the country.