{"id":98432,"date":"2020-04-06T06:07:12","date_gmt":"2020-04-06T10:07:12","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=98432"},"modified":"2020-04-06T06:53:37","modified_gmt":"2020-04-06T10:53:37","slug":"102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/","title":{"rendered":"USD\/PKR: Pakistani Rupee Slips Amid Possible Delay For $450 Million IMF Tranche"},"content":{"rendered":"

After shedding over 4% of its value across the previous week, the Pakistani Rupee<\/a> is once again losing ground against the US Dollar<\/a> at the start of the new week.<\/p>\n

At 10:15 UTC, USD\/PKR<\/a> is trading at 167.32, up from last week\u2019s close of 165.11 as investors weigh up the probability of the IMF delaying the third tranche of the rescue package. The Rupee weakened from 158.2 to 165.11 across the previous week.<\/p>\n

Check real time USD to PKR exchange rate<\/span><\/a><\/div>\n

Delay Expected For 3rd<\/sup> IMF Tranche<\/h2>\n

The Pakistan Rupee is trading on the back foot amid reports that the International Monetary Fund (IMF) could delay the release of $450 million, the third tranche under the existing Extended Fund Facility (EFF) because the macroeconomic targets could need re-adjusting given the coronavirus outbreak.<\/p>\n

However, the IMF have agreed to consider Pakistan\u2019s request for \\41.4 billion under Rapid Finance Instrument (RFI) for addressing the Covid-19 pandemic.<\/p>\n

The Pakistan Rupee remains under pressure despite risk sentiment across the global markets showing some signs of stabilisation. Coronavirus numbers over the weekend indicating that the number of cases and deaths could be levelling out in the worst affected areas has broadly helped risk sentiment on Monday. Asian stock markets advanced and US stock markets are pointing to a stronger start.<\/p>\n

However, investors continue to sell out of the Pakistani stock market. The Karachi 100 index has tumbled 2.6% on Monday to 30780.<\/p>\n

US Dollar Edges Higher<\/h2>\n

After a flat start, the US Dollar was pushing higher versus its major peers on Monday. Whilst the broad mood in the market has undoubtedly improved, data is only just starting to show the size of the hit t the US economy.<\/p>\n

On Friday, the US jobs report showed 701,000 jobs were lost in March, ending 113 consecutive monthly job gains. However, the timing of the data collection for the report means that the worst is yet to come. The data was up until 12th<\/sup> March. The first US lock down started in California on 20th<\/sup> March.<\/p>\n

There is no US data due today. Investors will remain focused on coronavirus numbers.<\/p>\n","protected":false},"excerpt":{"rendered":"

After shedding over 4% of its value across the previous week, the Pakistani Rupee is once again losing ground against the US Dollar at the start of the new week. At 10:15 UTC, USD\/PKR is trading at 167.32, up from last week\u2019s close of 165.11 as investors weigh up the probability of the IMF delaying […]<\/p>\n","protected":false},"author":163946597,"featured_media":83287,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1863,1381],"tags":[2139,1669,2608,1867,1864,2607,1397,1398],"class_list":{"0":"post-98432","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pkr","8":"category-usd","9":"tag-coronavirus","10":"tag-imf","11":"tag-on","12":"tag-pakistani-rupee","13":"tag-pkr","14":"tag-tranche","15":"tag-us-dollar","16":"tag-usd"},"acf":[],"yoast_head":"\nUSD\/PKR: Pakistani Rupee Slips Amid Possible Delay For $450 Million IMF Tranche - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/PKR: Pakistani Rupee Slips Amid Possible Delay For $450 Million IMF Tranche\",\"datePublished\":\"2020-04-06T10:07:12+00:00\",\"dateModified\":\"2020-04-06T10:53:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\\\/\"},\"wordCount\":376,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/usd-pkr-bank-notes.jpg\",\"keywords\":[\"coronavirus\",\"imf\",\"on\",\"Pakistani Rupee\",\"pkr\",\"tranche\",\"us dollar\",\"usd\"],\"articleSection\":[\"PKR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\\\/\",\"name\":\"USD\\\/PKR: Pakistani Rupee Slips Amid Possible Delay For $450 Million IMF Tranche - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/usd-pkr-bank-notes.jpg\",\"datePublished\":\"2020-04-06T10:07:12+00:00\",\"dateModified\":\"2020-04-06T10:53:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/usd-pkr-bank-notes.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/usd-pkr-bank-notes.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/PKR: Pakistani Rupee Slips Amid Possible Delay For $450 Million IMF Tranche\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"USD\/PKR: Pakistani Rupee Slips Amid Possible Delay For $450 Million IMF Tranche - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"USD\/PKR: Pakistani Rupee Slips Amid Possible Delay For $450 Million IMF Tranche","datePublished":"2020-04-06T10:07:12+00:00","dateModified":"2020-04-06T10:53:37+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/"},"wordCount":376,"image":{"@id":"https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/usd-pkr-bank-notes.jpg","keywords":["coronavirus","imf","on","Pakistani Rupee","pkr","tranche","us dollar","usd"],"articleSection":["PKR","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/","url":"https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/","name":"USD\/PKR: Pakistani Rupee Slips Amid Possible Delay For $450 Million IMF Tranche - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/usd-pkr-bank-notes.jpg","datePublished":"2020-04-06T10:07:12+00:00","dateModified":"2020-04-06T10:53:37+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/usd-pkr-bank-notes.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/usd-pkr-bank-notes.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/102932-usd-pkr-pakistani-rupee-slips-amid-possible-delay-for-450-million-imf-tranche\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/PKR: Pakistani Rupee Slips Amid Possible Delay For $450 Million IMF Tranche"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/usd-pkr-bank-notes.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/98432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=98432"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/98432\/revisions"}],"predecessor-version":[{"id":98439,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/98432\/revisions\/98439"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/83287"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=98432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=98432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=98432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}