Rupee sheds 20 paisas in open market

KARACHI: The Pak Rupee ended down by 20 paisas in open market on Saturday owing to recent changes in the federal cabinet.

The buying and selling of dollar was recorded at Rs142.00/Rs142.50 from previous day’s closing of Rs142.00/Rs142.50 in cash ready market.

The local unit lost 50 paisas against the greenback during the last two days.

Currency dealers said that the rupee was under pressure in the open market owing to uncertainty over the fate of the local currency after the new finance adviser had been installed by the Prime Minister.

Asad Umar, who resigned from the portfolio of finance minister, said that any new finance incharge had to take difficult decision for betterment of economy.

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