*KARACHI: The Pakistani rupee continued to lose ground against the USdollar in the interbank market on Friday, as the greenback reached anall-time high of Rs193. *
According to the Forex Association of Pakistan, the US dollar breached the192-mark at the day’s start and soared to Rs192.86 around 11:50am.
The value of the greenback surged byRs1.09 in early trading.
The domestic currency also lost ground in the open market and traded aboveRs193.
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The value of the Pakistani rupee surged byRs1.75 on Thursday and closed atRs191.77 in the interbank market.
As per economic experts, the surging dollar has shattered the confidence ofPakistani rupee-based economy and its stakeholders.
