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Al Jazeera
Al Jazeera
World
Kamal Hyder

Pakistan IMF deal: Rupee to be devalued against dollar

Pakistan IMF deal: Rupee to be devalued against dollar

Pakistan has agreed on a deal with the International Monetary Fund to receive a $6 billion loan.

But under its terms, its currency will have to be devalued against the dollar, and electricity and gas prices will increase.

That is likely to prove unpopular.

Al Jazeera's Kamal Hyder reports from Islamabad.

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