US Dollar reaches new high, crosses Rs192

Karachi: The US dollar continued to fly high on Thursday, the second last day of the current business week, to reach Rs191.75 with a solid jump of Rs1.73 paisas in interbank trading.

According to the Forex Association of Pakistan, the greenback rose to Rs191 in the interbank during the first few hours of trading.

The US dollar jumped 0.98 paisa to cross the Rs191 mark. In the open market, the value of the US dollar has reached Rs193. It means the US dollar has reached its all-time high record standing at Rs191.75.  

On Wednesday, the US dollar was closed at 190.02 against the Pakistani currency.

Experts opined that the delay in the IMF deal with Pakistan also created uncertainty in the market along with other factors including rising pressure on the import bill and depleting foreign reserves due to payment of foreign loans.

Interbank closing #ExchangeRate for todayhttps://t.co/hIGfWVBnAt pic.twitter.com/AmQJ0izGyH

— SBP (@StateBank_Pak) May 11, 2022