Despite the finance minister’s assurances, political and economic uncertainty keeps the rupee under pressure.

Despite Finance Minister Mifta Ismail’s assurances that currency pressure will soon “vanish,” the Pakistani rupee maintained its downward spiral versus the US dollar in intraday trade Thursday.

During intraday trade, the rupee was trading at Rs239.50 against the US dollar in the interbank market, despite the country’s persistent economic and political turmoil.

During the intraday trade, the domestic currency fell 3.48 percent. The local currency finished the previous day at 236.02 per dollar. During the session, it declined 1.31 percent.