"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.
Big Oil has an audacious request for the Supreme Court
- a day ago
Honor’s Magic 9 Pro Max has a big camera and a bigger battery
- an hour ago
OpenAI agents hacked an Australian government website in search for data
- an hour ago
Buttler ruled out of Pakistan Tri-series with hamstring injury
- 15 hours ago
Saudi Arabia resumes Yanbu oil loading after pipeline restart
- 9 hours ago
Control Resonant gets tough, but gives you the tools to deal with it
- an hour ago
Meta’s next VR device isn’t a headset — it’s glasses
- an hour ago
Muse sure looks a lot like OpenClaw
- an hour ago
Jensen Huang talks about AI and climate change like a supervillain
- a day ago
Pakistan Army team successfully performs complex brain surgery in Gwadar
- 15 hours ago
OpenAI cancels release of newest model due to safety concerns
- 14 hours ago
Global financial institutions express confidence in Pakistan's economic reforms
- 9 hours ago
