US dollar continues hammering Pak rupee, nears Rs192
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.
Interbank closing #ExchangeRate for todayhttps://t.co/Mm3j14YQI7 pic.twitter.com/yxpKzHjKkn
— SBP (@StateBank_Pak) May 12, 2022
Reporter Ashraf Khan