US dollar continues hammering Pak rupee, nears Rs192

By: News Desk
Published: 10:37 AM, 12 May, 2022
US dollar continues hammering Pak rupee, nears Rs192
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The US dollar continued its hegemony on Thursday—the second last day of the current business week—to reach Rs191.77 with a solid jump of Rs1.75 paisas in interbank trading, reported 24NewsHD TV channel.

It means the US dollar has reached its all-time high record standing at Rs191.77.  

The previous closing US dollar was 190.02 against the Pakistani currency.

Experts opined that the delay in the IMF deal with Pakistan prevailed uncertainty in the market along with other factors including rising pressure on the import bill and depleting foreign reserves due to payment of foreign loans.

Reporter Ashraf Khan