US dollar sky rockets against Pakistani Rupee, one of the largest ever single day jump
*KARACHI – **US dollar sky rockets against Pakistani Rupee, one of the largest ever single day jump ** has been witnessed.*
*The dollar price has gone up by Rs6.61, increasing its rate to Rs148 in the interbank market on Thursday.*
On Wednesday, the US dollar bounced back to Rs144 after reaching an all-time high of Rs146.25 during the day in the open market.
The dollar reached the all-time high in Pakistan after an increase of Rs2.25 as the first reaction of the IMF bailout package.
The government had accepted the IMF’s condition of leaving the dollar on the market. It is being feared that the value of a rupee will further reduce.
Meanwhile, the State Bank of Pakistan has taken notice of an increase in the dollar rate.
Source said that an important meeting of the Finance Ministry has been summoned in this regard. They added that the Finance Ministry had sought a review of the difference in the dollar price in the inter-bank and open market.