US dollar reaches all-time high against Pakistani rupee
Economist Asad Rizvi said that the US dollar had increased Rs18.72 in last three months that also added burden of Rs2,100 billion to the foreign debt.
The dollar was at 152.28 against the Pakistani rupee on May 7, 2017. He said that the rupee was under pressure due to an increase in crude oil imports. Asad explained said payment of $1 billion on Islamic Sukuk bonds will increase pressure this month.
Reporter Ashraf Khan