The US dollar continued to soar against the Pakistani rupee, as according to latest currency rates on Thursday (June 27) it has been reached a new all-time high in the interbank market. The US dollar rose by Rs2.34 in the inter-bank market to reach Rs164.50.
A day earlier, the value of the US dollar against the rupee touched another historical high at Rs160 in the inter-bank market. The unstable value of Pakistani currency is a big question mark on government’s capabilities to steer country out of crisis.
According to experts, the government must ensure implementations on economic policies after the deal with the International Monetary Fund (IMF). It is anticipated that the US dollar rate would fluctuate for some time, and the value of the Pakistani rupee would stabilize after proper implementation of the economic policies.
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19 July, 2019