Pakistan rupee to end 2023 as Asia’s worst performing currency
An employee counts Pakistani rupee notes at a bank in Peshawar, August 22, 2023. — Reuters BMI sees the rupee falling to 350 against the dollar by the end of 2024. Topline Securities Ltd expects the local currency to fall to 324. A shortage of dollars can lead to a strengthening of parallel markets. With economic difficulties still existing and large foreign investment not opening up in Pakistan, Bloomberg said on Tuesday that the rupee will end the year 2023 as Asia’s worst-performing currency, with losses extending into 2024. Despite government efforts to crack down on smugglers and speculators, the
