KARACHI – The dollar was being traded at Rs Rs151.75 after a 20-paisadecrease in the interbank market on Thursday.
On the other hand, Pakistan Stock Market stabilized and 100 index crossed35,300. On Wednesday, 100 index had gained 1,095 points.
The US dollar rate had increased by Rs2.35, reaching all-time high of Rs152in the interbank market. On Monday, it was increased by Rs1.63 and wasbeing sold at Rs149.50 when the business closed.
On Thursday, the dollar that valued at Rs141.5 climbed roughly Rs6.51 andreached approximately Rs148 in the interbank market during trading beforeclosing at Rs147.10.
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After the approval of the bailout package, the dollar price is skyrocketingwhile the stock market is witnessing a decline daily. The action taken byPrime Minister Imran Khan has started yielding results. During a meetingwith a delegation of the Exchange Companies Association on Wednesday, theprime minister had ordered action against the companies selling the dollarat a high rate.
