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US dollars set on fire after continuous devaluation of Pak rupee

Posted by : Admin on May 21, 2019 03:24 PM

Gujranwala: A resident of Gujranwala set his US dollars on fire after continuous devaluation of Pak rupee in Interbank and open market. According to details, Amjad set the dollar, he was possessing on fire, to initiate movement to stabilise Pak rupee against the dollar.
 
I am setting my dollars ablaze with an aim to stabilise the Pakistan's economy, Amjad said while talking to media. He urged masses to do the same and avoid trading in US dollar to strengthen Pak rupee. Earlier in the day, the US dollar touched a new record high of Rs153 in the open market. With an increase of Rs1.36, the rate increased to Rs153 in the open market.
 
It may be noted that the rupee went into free fall following three days when PM's adviser on Finance Abdul Hafeez Sheikh announced the finalization of a three-year bailout with the International Monetary Fund (IMF) for $6 billion.
 
Few days earlier, taking the notice of the devaluation of rupee against the US dollar, Prime Minister Imran Khan ordered to launch crackdown against money changer companies selling dollar above market rate.