US dollar reaches Rs200 mark in interbank
Last updated on: 19 May,2022 07:25 pm
Economic crisis has deepened because of the continuous climb in value of dollar.
KARACHI (Dunya News) - Enduring the rough patch amid weakening macros has kept the dollar demand elevated as the Pakistani rupee (PKR) has lost 1.61 rupees on Thursday and closed at Rs200.
Economic crisis has deepened because of the continuous climb in value of dollar against Pakistani rupee. Since the arrival of the new government dollar at interbank has been up by Rs17.07.
— SBP (@StateBank_Pak) May 19, 2022
The local currency is being weighed by depleting foreign exchange reserves and uncertainty over the resumption of the International Monetary Fund (IMF) program.