KARACHI (Reuters) - The Pakistani rupee was traded at a new record low on Monday on demand for foreign exchange to pay for imports, especially oil, and dealers said they expected the currency to remain under pressure. The rupee was quoted closing at 84.55/59 to the dollar, compared with Saturdays close of 84.23/33. The rupee was traded at 84.56 to the dollar, said a currency dealer in Karachi. This compared with the previous record low of 84.55 on Dec. 16, 2009. Demand for dollars to pay for oil has increased since last month when commercial banks have had to provide foreign currency for imports of crude oil under a central bank ruling, as part of Pakistans commitments under an International Monetary Fund programme. Pakistan secured an IMF emergency loan package of $7.6 billion in November 2008 to help avert a balance of payments crisis and shore up reserves. The loan was increased to $11.3 billion in July last year. The State Bank of Pakistan also stopped providing foreign exchange for furnace oil in February 2008, and for diesel and other refined products in August last year. The rupee is likely to stay under pressure as international oil prices have been rising, said another currency dealer. In the money market, short-term money rates ended slightly higher on Monday and dealers said they expected rates to hover around current levels as there were no scheduled inflows or outflows in the coming days. Overnight call rates ended at 11.50 percent, compared with Saturdays close of 10.50 percent. Dealers said there were no inflows or outflows on Monday. The next inflow is scheduled for Jan. 14 of 53 billion rupees and the next outflow is scheduled for Saturday of 120 billion rupees.