After the recent hike, the US dollar on Thursday (July 11) is being traded at Rs.159.20 in open market. Earlier, advisor to Prime Minister on Finance Dr. Abdul Hafeez Shaikh had clearly said that there was no agreement with International Monetary Fund (IMF) on exchange rate adding that nobody knew the real value of the exchange rate and nobody can predict or fix the exchange rate at a certain level.
Earlier, the US dollar which had soared to historic highs in the recent past has taken a downwards trajectory against the Pakistan Rupee. Consequently, the greenback was being traded at Rs156.50.
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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27 September, 2019