According to a report by BMI Research, a Fitch Solutions firm, the Pakistani rupee (PKR) is predicted to continue its downward trend and reach a historic low of 350 per dollar by the end of 2024. According to the estimate, which was cited by Bloomberg, a worldwide financial news company, the PKR will be the worst-performing currency in Asia this year and will depreciate further over the next three years.Â
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The PKR’s weakness is attributed to Pakistan’s high inflation, trade deficit, debt payments, external funding imbalance, and dwindling foreign investments, according to the research.
