Dollar out of control, crosses Rs200 in open market

Dollar
Enduring the rough patch amid weakening macros has kept the dollar demand elevated as the Pakistani rupee (PKR) has lost 1.61 rupees in early trade.

Economic crisis has deepened because of the continuous climb in value of dollar against Pakistani rupee. Since the arrival of the new government dollar at interbank has been up by Rs17.07.

Read more: Rupee touches 200 against US dollar in open market

The local currency is being weighed by depleting foreign exchange reserves and uncertainty over the resumption of the International Monetary Fund (IMF) program.

 



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