"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.
Two missiles hit US warship trying to enter Strait of Hormuz, Iranian news agency says
- a day ago
The Department of Holy War
- 13 hours ago
UAE says Opec exit 'not directed against anyone'
- a day ago
PM Shehbaz orders speedy implementation of Hepatitis Control Program
- 26 minutes ago
Pakistan facilitates transfer of 22 Iranian ship crew members
- a day ago
These tropical forests are critically important. Why is this religious sect cutting them down?
- 4 hours ago
Britney Spears pleads guilty to reckless driving in DUI case
- 4 hours ago
What China is learning from the US war in Iran
- a day ago
Three cruise ship passengers die in suspected hantavirus outbreak
- a day ago
Trump’s next redistricting targets
- a day ago
Prominent religious scholar and ex-JUI MPA Sheikh Idres martyred in Charsadda
- 5 hours ago
Pak Army foils suicide attack in South Waziristan
- 5 hours ago
