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 the current business week—to reach Rs190.70 with a solid jump of 68 paisas in interbank trading.

It means the US dollar has reached its all-time high record standing at Rs190.70.

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

Experts opined that the delay in the IMF deal with Pakistan also created uncertainty in the market along with other factors including rising pressure on the import bill and depleting foreign reserves due to payment of foreign loans.