With an expected increase in petroleum prices, the latest weakness of the rupee would prove to be double jeopardy. But how would both the gentlemen deal with serious issues like declining foreign currency reserves, rupee devaluation, inflation and external deficits is a million-dollar question. But there is no denying the fact that during the previous devaluation the rupee weakened to Rs105 from Rs98. The World Bank, IMF, ADB and other financial institutions are reluctant to offer increased assistance to Pakistan. Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

Source: The Express Tribune January 01, 2018 04:07 UTC