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
Read Also: NADRA Opens Helpline and Doorstep Services in Islamabad for Selected Individuals
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.