"The current political turmoil in the country is keeping the rupee under pressure."
Karachi: The US dollar reached an all-time high against the Pakistani rupee again on Wednesday, soaring to Rs186.
According to forex dealers, the US dollar straight away scored a healthy gain of 87 paisas against the Pakistan rupee and was currently being traded at Rs186.10.
The greenback ended Tuesday at Rs185.23.
Interbank closing #ExchangeRate for todayhttps://t.co/1ZlyJ2Pj9h pic.twitter.com/mIwklYolbe
— SBP (@StateBank_Pak) April 5, 2022
With its rollercoaster ride, the US dollar rate has reached a historic high against the rupee. The greenback is constantly gaining strides against the Pakistani rupee which has been greatly buffeted after weathering the political uncertainties at home.
Experts say the current political turmoil in the country is keeping the rupee under pressure. The country’s trade deficit is also growing with the Asian Development Bank (ADB) predicting a further dent in the economic growth target.
How Gorilla Tag is weathering the VR winter
- 21 گھنٹے قبل
Gold prices increase in Pakistan, global markets
- 12 گھنٹے قبل
Trump discovers that the road to autocracy is lined with potholes
- 19 گھنٹے قبل
Imran Khan, both sons talk over phone after prolonged hiatus
- 8 گھنٹے قبل
Tucker stars as Ireland crush Oman by 96 runs at T20 World Cup
- 8 گھنٹے قبل
They backed Trump. Then Border Patrol arrested their neighbor. What now?
- 19 گھنٹے قبل
Bangladesh Jamaat-e-Islami concedes defeat in election
- 11 گھنٹے قبل
Boycott averted, Pakistan and India set for World Cup blockbuster
- 11 گھنٹے قبل
First National Chief of Army Staff Wrestling Championship 2026 concludes in Sialkot
- 4 گھنٹے قبل
Every little thing she does is magic
- 21 گھنٹے قبل
How to train yourself to enjoy winter
- 19 گھنٹے قبل
PM Shehbaz unveils Rs38b Ramazan Relief Package
- 10 گھنٹے قبل
