Karachi August 15 2023: Pakistan Rupee fall in both interbank and open market as caretaker prime minister to start consulation for the formation of the caretaker cabinet today.
Pakistan Rupee fall PKR 2.76 or 0.9 percent to trade at PKR 291.25 (PST 12:25) in interbank against the dollar. On last trading day, Rupee slip by 0.3 percent to close the day at PKR 288.49 in interbank.
In open market Pakistan Rupee depreciates by PKR 2.9 against dollar to trade at 301.5.
After weeks of deliberations, Balochistan Awami Party (BAP) Senator Anwarul Haq Kakar was named the caretaker prime minister after Prime Minister Shehbaz Sharif and Opposition Leader Raja Riaz reached a consensus over his “surprise” nomination.
Anwaarul Haq Kakar will start consultations for the formation of the caretaker cabinet today, even as former ruling coalition members, particularly PML-N, expressed reservations over his ‘surprise’ selection to lead the interim set-up.