Saturday, December 9, 2023

Pakistani Financial Crisis Value Of One Rupee Against The Dollar In Pakistan

Pakistan: Pakistan, the victim of economic crisis, is getting surrounded from all sides. The people of the country are yearning for basic needs. Pakistan is begging for help from all over the world but the trouble does not seem to be reducing. Meanwhile, the rupee continues to depreciate against the dollar in Pakistan. One rupee there has reached Rs 229.85 against the dollar. Let us tell you that in the last three months, a decline of Rs 12 has been registered in the value of Pakistani currency.

Talking about Indian currency, the value of one rupee here is almost three times that of Pakistani rupee. At the same time, the price of one US dollar is Rs 80.98 against the Indian rupee. Significantly, these days Pakistan is facing economic crisis. The country’s foreign exchange reserves are depleting and the gold reserves are also depleting at the same rate.

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Pakistan is also asking for help to repay the loan

Pakistan, which is already under the burden of debt, is also seeking help from its friendly countries to repay its debt. Inflation in the country has reached a peak of 25 per cent and people are in dire need of essential commodities and food items. Wheat famine has made roti disappear from people’s plates.

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World Bank has given a blow

In its time of trouble, Pakistan is constantly extending its hand to the World Bank, International Monetary Fund and many countries for financial help, but the World Bank has given it a blow. The World Bank has currently postponed a loan of $ 1.1 billion to Pakistan.

people yearning for basic needs

Talking about the current situation, Pakistani people have to pay many times more for everyday items ranging from flour to onions. This is the reason why pictures of chaos on social media are constantly going viral. Due to the shortage of wheat, the price of flour has crossed Rs 150 per kg. According to media reports, chicken is being sold in Pakistan at Rs 650 per kg and milk at Rs 150 per litre. The price of LPG cylinder has reached 10,000 Pakistani rupees.

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