The Pakistani rupee has weakened even more than the bankrupt Sri Lankan currency

[Virtual Presenter] Good afternoon everyone, Today I am here to present a very important piece of news. The Pakistani rupee, which has been around for generations, has weakened even more than the bankrupt Sri Lankan currency, making it the world's worst performing currency this year. I am here to present the facts of this event in more detail. Let us begin..

[Virtual Presenter] The Pakistani rupee has had a tumultuous year. Bloomberg, the world's leading financial magazine, declared it to be the worst performing currency of the year. Figures from the magazine's report present a worrying view of the state of the Pakistani economy. Interestingly, the value of the Pakistani rupee has deteriorated further than Sri Lanka's, a country whose currency is already bankrupt. This news has caused deep concern in Pakistan's financial sector, with severe implications..

[Audio] The Pakistani rupee has drastically depreciated by over 20 percent against the dollar in the span of one year, resulting in a tremendous rise in the cost of living in Pakistan. The inflation rate in Pakistan is at an alarming 36 percent while Sri Lanka , declared bankrupt in April, was 35.3 percent. This news is a major issue that should not be taken lightly, as it has a significant impact on the average person who is struggling to make ends meet. Such a dramatic shift in the economy has a far-reaching effect..

[Audio] Data from the Federal Bureau of Statistics confirms what Bloomberg has reported that in April, the inflation rate in Pakistan surged to 36.4%, its highest monthly rate in over 55 years. This indicates that Pakistan's currency is continuing to be severely weakened, in comparison to neighboring countries such as Sri Lanka whose currency has already been declared bankrupt. The inflation rate is increasing quickly, suggesting a precarious future for the Pakistani rupee..

[Audio] The Federal Bureau of Statistics recently released data which reveals a worrying economic situation in Pakistan. Inflation in April increased by 2.41%, and an average rate of 28.23% has been recorded from July to April. Prices of key items such as cigarettes, tea, wheat, eggs, flour, rice, dal, dal mash, onion, besan, and chicken have all risen significantly since last year. Furthermore, the weekly inflation rate is now very high at 46%. This news comes after Bloomberg labelled the Pakistani rupee the worst-performing currency of the year..

[Audio] The Pakistani Rupee has seen an enormous decline since the beginning of the year, significantly more than the already bankrupt Sri Lankan currency. This news, revealed by Bloomberg and reported by the world as a breaking news has already created a degree of unrest in the Pakistani markets. To ensure you are kept abreast of any further news, we encourage you to subscribe to our newsletters for the most important updates. We appreciate you joining us for this important discussion about the Pakistani Rupee. On behalf of our team, we thank you for taking the time to be with us..