Imran in jail, chaos in the country, Pakistan's rupee also fell - Newztezz Online

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Wednesday, May 10, 2023

Imran in jail, chaos in the country, Pakistan's rupee also fell

There has been uproar in the neighboring country since the arrest of former Prime Minister of Pakistan Imran Khan. Meanwhile, the Pakistani rupee has also plummeted to a record low.

After the arrest of former Prime Minister of Pakistan Imran Khan, the entire neighboring country is burning. Meanwhile, there is another shocking news for the economy of Pakistan. The Pakistani rupee has plummeted to its record low.

The charges against Imran Khan in the Toshakhana case have been proved and the court has reserved its decision. Whereas in Pakistan, NAB has asked for 14 days remand of Imran Khan. Since then, workers of Imran Khan's party 'Pakistan Tehreek-e-Insaf' (PTI) have been creating ruckus from Khyber Pakhtunkhwa to Islamabad, Karachi and Lahore.

Pakistani rupee crossed 288

The Pakistani currency saw a decline of 1.3 percent on Wednesday. It reached a record low against the dollar. Now the price of one dollar has become 288.5 Pakistani rupees. A decline has also been observed in Pakistan's International Bonds. Bonds due for 2024 are trading down 0.4 cents per dollar.

According to the trade web, which collects data, the condition of most crisis was in the trade of bonds. In this, bonds with short-term maturity traded around 49 cents per dollar, while bonds with long-term maturity were around 33 cents.

Fear of killing Imran

In the midst of so much ruckus in Pakistan, Imran Khan also expressed the possibility of his own death. He told the court that he had not gone to the washroom for 24 hours. He has demanded to call his doctor. He says that he is feared to be killed like 'Maqsood Peon'.

Maqsood Chaprasi was the most prominent witness in the money laundering case against the current Prime Minister of Pakistan Shehbaz Sharif and his family. He died of cardiac arrest. While Imran Khana claimed that Maqsood Peon was killed by injecting drugs.

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