Pakistan says Nato pull-back worsened rupee depreciation

state-bank-of-pakistan-banknote

The Pakistan rupee depreciated sharply in fiscal 2011–12, driven in part by the closure of supply lines from the country to neighbouring Afghanistan by North Atlantic Treaty Organisation (Nato) forces, according to the State Bank of Pakistan's latest annual report, published on January 30.

The report said the Pakistani currency fell 9.1% against the greenback during the course of the year, with its overall downward trend punctuated by sharp drops in December 2011 and May 2012. The central bank

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