Dollar reaches life-time high ahead of Budget 2019-2020
Karachi: The US Dollar reached its life-time high against the Pakistan rupee in the inter bank rate ahead of the federal budget to be announced on Tuesday.
The greenback spiked by Rs.1.85 to settle at Rs. 151.95 in the inter bank, and was being sold at Rs. 152 in the open market.
Pakistani currency has been consistently under pressure since last month when the terms of agreement of a $6 billion bailout package between the federal government and the International Monetary Fund were made public.