In a developing story, cash-strapped Pakistan's currency depreciated to its lowest against the US dollar in the interbank and open market and closed at 262.6 rupees.
At one stage the currency depreciated to 265 rupees in the open market and 266 rupees in the interbank before making a slight recovery by the end of the day.

According to the State Bank of Pakistan, when the market opened on Friday the currency fell by 7.17 rupees or 2.73 percent from Thursday's close.

The Pakistani rupee's value has devalued by 34 rupees since Thursday in the interbank, the largest depreciation in both absolute and percentage terms since the new exchange rate system was introduced in 1999.

In a developing story, cash-strapped Pakistan's currency depreciated to its lowest against the US dollar in the interbank and open market and closed at 262.6 rupees.
At one stage the currency depreciated to 265 rupees in the open market and 266 rupees in the interbank before making a slight recovery by the end of the day.

According to the State Bank of Pakistan, when the market opened on Friday the currency fell by 7.17 rupees or 2.73 percent from Thursday's close.

The Pakistani rupee's value has devalued by 34 rupees since Thursday in the interbank, the largest depreciation in both absolute and percentage terms since the new exchange rate system was introduced in 1999.