ISLAMABAD – US Dollar surges further against the Pakistani Rupee.
The value of US dollar continued to surge on Tuesday, as the greenback roseby another 81 paisas to close at Rs164.08.
According to reports, the greenback has surged by Rs4 in the last fourtrading sessions.
In March, the first full month of lockdown, remittances to Pakistan weredown 5pc and it may worsen as global financial institutions have predicteda 20pc dip in foreign remittances.
Read Top Stories
Pakistan’s exports plunged 24pc in April.
Exports and remittances are the two main sources of earning dollars forPakistan and the outlook for both is negative. The investment outlook isn’tgood either.
