Amidst ongoing economic concerns, the US Dollar saw a further eight paisas gain against the Pakistani Rupee in interbank trading, reaching a new rate of Rs278. This uptick follows a previous six paisas increase recorded on Wednesday.
The World Bank’s recent report underscored Pakistan’s economic challenges, emphasizing the need for reforms, particularly in the energy sector. With growth projections below target and inflation rates surpassing expectations, the report highlights the importance of sustainable financial stability. Despite projected improvements in the next financial year, concerns persist regarding Pakistan’s economic trajectory and debt ratio.