KARACHI, Pakistan (Reuters) -The Pakistani rupee fell 1.3% to a report low of 288.5 towards the U.S. greenback on Wednesday, a day after former prime minister Imran Khan was arrested by the anti-corruption company in Islamabad.

Pakistan’s worldwide bonds nudged decrease with the 2024 situation down 0.4 cents on the greenback, in accordance with Tradeweb knowledge.

The bonds commerce at deeply distressed ranges between 49 cents on the greenback for shorter-dated maturities whereas longer-dated ones modified hand at round 33 cents. 

Following the arrest, clashes erupted between Khan’s supporters and police, leaving at the least one protester lifeless. The inside ministry has suspended cellular broadband providers within the nation.