Dollar hits new heights against Pakistani rupee

Karachi: The unrelenting increase in the value of the dollar against the Pakistani rupee in the interbank market persists.

According to currency dealers, as the business day commenced, the dollar became costlier by Rs0.95 in the interbank market, reaching a new record level of Rs304 rupees per dollar.

It's worth noting that just yesterday, a rise of Rs1.5 was registered in the value of the US currency in the interbank market.

Simultaneously, the open market has sustained a historic rate of Rs316 per dollar.

The trend of the dollar's rise by Rs15 in the interbank market and Rs20 in the open market over a mere two weeks underlines the ongoing concern for the caretaker government.