Pakistani rupee drops sharply, elimination of unofficial controls rattles market

Pakistani rupee plummets as markets adjust to elimination of unofficial controls

© Reuters. FILE PHOTO: A currency trader counts Pakistani Rupee notes as he prepares an exchange of U.S dollars in Islamabad, Pakistan December 11, 2017. REUTERS/Caren Firouz/File Photo By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) -The Pakistani rupee fell 9.6% against the dollar on Thursday, central bank data showed – the biggest one-day