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Pakistan Economic Crisis 1 British Pound Sterling Now Worth Over 300 Pakistani Rupees

Pakistan Economic Crisis: 1 British Pound Sterling Now Worth Over 300 Pakistani Rupees

Currency Collapse Continues Amidst Political Turmoil and Economic Instability

The Pakistani rupee has plunged to a record low against the British pound sterling, with 1 GBP now worth over 300 PKR. This currency collapse is the latest sign of the country's severe economic crisis, which has been fueled by political turmoil and economic instability.

The Pakistani rupee has lost over 30% of its value against the pound in the past year, making it one of the worst-performing currencies in the world. This has made it increasingly difficult for Pakistanis to import goods and services, and has led to a sharp rise in inflation.

The economic crisis has been compounded by political turmoil, with the government of Prime Minister Imran Khan facing mounting pressure to resign. The opposition has accused Khan of economic mismanagement and corruption, and has called for early elections.

The Pakistani government has taken steps to try to stabilize the economy, including raising interest rates and seeking a bailout from the International Monetary Fund. However, economists warn that these measures may not be enough to prevent a further decline in the value of the rupee.


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