PM's aide says rupee not being devalued for the first time

• 'Interbank dollar rate rose by Rs32 during PPP's era, while it increased by Rs26 during PML-N's tenure'

Amidst criticism on the devaluation of Pakistani rupee against US dollar, Special Assistant to Prime Minister Iftikhar Durrani on Friday released a list of interbank dollar rates during the previous governments, a private media outlet reported.

Iftikhar Durrani said the interbank dollar rate rose by Rs32, from Rs64 to Rs96 during the government of the Pakistan People’s Party (PPP).

"The dollar climbed steeply during the era of the Pakistan Muslim League-Nawaz (PML-N), as it went up to Rs26 from Rs96 to Rs122," he said in a statement, adding that the interbank dollar rate further increased by Rs6 during the interim government and reached Rs128 per dollar.

He said the interbank dollar rate witnessed an increase of Rs18.5 during the Pakistan Tehreek-e-Insaf (PTI) government.

It is pertinent to mention that the US dollar reached a new record high of Rs150 in the interbank market on Friday.