As the Pakistani currency continues to dwindle down against the US Dollar, Civil Aviation Authority (CAA) has decided to rationalise airport charges, which now have to be paid in Pakistani rupees only. Passengers were earlier required to pay $20 and the rate has now been rationalised to Rs2,800 per passenger, with immediate effect, on international departures.
Pakistani currency dramatically recovered a significant Rs1.42 to Rs148.21 to the US dollar in the inter-bank market following the recent massive hike by central bank in the key interest rate, taking it to 12.25%, made the rupee attractive. Banks have made record investment of PKR 3.1 trillion in three-month treasury-bills in the first auction of government securities after the rate hike.