Dollar reaches all-time high in interbank

Karachi: The value of the dollar in Pakistan has reached all-time high on Thursday.

The US dollar has become expensive by Rs7.78 after flying high in the interbank market.

After becoming expensive, the price of the dollar has settled at Rs298 in interbank.

Whereas in open market dollar has reached the triple century to settle at Rs300 by increasing by Rs3.

Yesterday on Wednesday, dollar closed at Rs290.22 in the interbank exchange, meanwhile it closed at Rs297 in open market.

It is reported that dollar rate is getting high due to International Monetary Fund (IMF) condition to increase interest rate.