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Dollar nears all-time high value against PKR

US dollar nearing its all-time high value after gaining Rs1.09 in the interbank on Tuesday.

During interbank trading on Tuesday morning, a single dollar was being traded for as high as Rs239.

On Monday afternoon, at the close of trading in the interbank, the rupee had closed at Rs237.91. But on Tuesday, the rupee lost another Rs1.09.

The US dollar attained an all-time high value of Rs239.94 on July 28 earlier this year.

In the past 13 days, the rupee has lost around Rs20 in value.

In the open currency market, the dollar continued to behave as per black market rules with its value exceeding Rs246.

Pakistan’s external debt has increased by Rs2 trillion as a result of the increase in the value of the dollar.

According to the currency dealers, food imports of $1 billion have caused a boost in the demand for dollars.

Even the IMF program’s restoration was unable to lower the value of the dollar.


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