The rupee touched an intra-day high of Rs131.50 during the day in the inter-bank market. Cumulatively, the rupee has lost around 25% of its value since December to date. In the open market, the rupee recovered around half a percentage point to Rs132.40 to the greenback compared to Rs133 on Thursday. Others said the debt-driven investment in infrastructure projects would pay back the country in the long run as such projects were a must to channel foreign investment into the national economy. An expert suggested that Pakistan would need to arrange up to $20 billion instantly to avoid the foreign payment crisis.

Source: The Express Tribune October 13, 2018 03:33 UTC