Islamabad: The rupee shattered all previous records on Tuesday, falling to a new low of 224 against the dollar in afternoon interbank trade, before closing at 221.99. Mettis Global Director Saad Bin Naseer said the rupee was seeing a decline due to “panic buying [of the dollar] by banks in the interbank market”. “Today it is Rs224 and in free fall despite IMF agreement. Free fall of rupee guarantees economic disaster and free fall of government too,” Journalist Mohammad Malick said. If dollar is not controlled, petrol,electricity prices to increase to unimaginable level — Shahbaz Rana (@81ShahbazRana) July 19, 2022
