Pakistan’s rupee hit a record low against the US dollar on Tuesday, with the interbank market closing at 287.29 against the greenback. The figure is down 0.78% on Monday’s close of 285.04. The country has missed deadlines to receive IMF funding, with the lending institution asking Pakistan to secure new loans from Saudi Arabia and the United Arab Emirates before any bailout can be paid. Additionally, contracting forex reserves have caused investors to worry about the country’s economic state. The foreign exchange reserves held by Pakistan’s central bank have fallen to just $4.24bn.
Gold hovers near early-June high on lower bond yields
Gold prices soared close to a two-month peak on Thursday after the U.S. Treasury announced bolstered liquidity measures. With yields falling and the dollar weakening,
August 20, 2026