US dollar reaches an all time high versus Pakistani Rupee


KARACHI – US dollar reaches at an all-time high of Rs 118.50 on the first day of the trading week.

A few days ago, Adviser to Prime Minister on Revenue Miftah Ismail had said that there would be no further depreciation of rupee.

During the last four month, dollar gained 10 percent in value versus rupee, overburdening the country’s import bill.

The State Bank of Pakistan summoned a meeting of foreign exchange companies to control the surge in the value of dollar. The meeting decided to keep value of dollar steady