Rupee weakens against dollar in early trading

Rupee weakens against dollar in early trading

KARACHI: The Pakistan Rupee weakened by six paisas against the US dollar in early trading on Friday owing to demand for import and corporate payments.

The dollar is being traded at Rs138.30 in the foreign currency market. The interbank foreign exchange market was closed yesterday at Rs138.24 to a dollar.

Pakistan has suffered challenging fiscal situation over the period of last one year.

According to the finance ministry revaluation losses due to appreciation of international currencies against US Dollar and depreciation of Pak Rupee against US Dollar increased the total public debt by around Rs 1.2 trillion.

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