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<strong>The Pakistan rupee, which hit a fresh low of 202.83 to a US dollar on Tuesday, could continue to fall further as the much awaited bailout package from the International Monetary Fund (IMF) is yet to be finalised.</strong></p>
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Last month, it breached the 200 to a dollar mark for the first time. On May 26, it touched 202 against a dollar.</p>
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State Bank of Pakistan (SBP) Deputy Governor Sima Kamil said at an event stability would return only after the IMF agreement, &ldquo;The agreement is expected after the forthcoming budget (presentation on Friday),&rdquo; the Express Tribune said in a report.</p>
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<strong>Also read: <a href="https://www.indianarrative.com/economy-news/imf-s-austerity-pill-set-to-hurt-common-pakistanis-the-most-176290.html">IMF&#39;s austerity pill set to hurt common Pakistanis the most</a></strong></p>
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It added that Tuesday was the third consecutive working day for the rupee&rsquo;s free fall. The currency has cumulatively lost 2.65 per cent &ndash; Rs 5.24 of its value in the three days, the report said.</p>
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The brewing economic crisis in the South Asian nation has hit the common citizens the most. A depreciation of currency leads to inflation. Pakistan&rsquo;s inflation in May stood at 13.76 per cent- the highest in over two years. Discontent among the common citizens is growing.</p>
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Pakistan&rsquo;s Finance Minister Miftah Ismail came out with a series of tweets blaming the former Imran Khan-led Pakistan Tehreek-e-Insaaf (PTI) government for the current economic mess. He noted that Pakistan has the third highest inflation in the world due to the &ldquo;incompetence&rdquo; and &ldquo;corruption&rdquo; of the PTI government.&nbsp;&nbsp; &nbsp;</p>
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