US dollar hits a new historic high against the Pakistani Rupee

US dollar hits a new historic high against the Pakistani Rupee

The US dollar continued its hegemony on Thursday—the second last day of thecurrent business week—to reach Rs190.70 with a solid jump of 68 paisas ininterbank trading.

It means the US dollar has reached its all-time high record standing atRs190.70.

The previous closing US dollar was 190.02 against the Pakistani currency.

Experts opined that the delay in the IMF deal with Pakistan also createduncertainty in the market along with other factors including risingpressure on the import bill and depleting foreign reserves due to paymentof foreign loans.