Ruthless US dollar soars to record Rs176 against Pakistani rupee
The greenback gained one rupee and 81 paisas in inter-bank trading and reached the historic level of Rs176 from the closure of Rs174.19 a day earlier.
He opined that the demand for dollars has making its value pricey which is also becoming a huge challenge for the country’s trade deficit.
Assad Rizvi said the soaring price of oil and the ever-increasing demand for the dollars were putting pressure on the Pakistani currency.
Reporter Habib Khan