Dollar rate in Pakistan reached a high of Rs 205

Inter Bank Dollar rate in Pakistan today: hits all time high Dollar rate in Pakistan reached a high of Rs 205

The dollar reached an all-time high on the second day of the interbank trading week. Dollar rate in Pakistan reaching skyrocketed since the Shahbaz government came.

According to Forex dealers, the dollar rose by Rs 1.64 in the interbank market today, after which the dollar reached a high of Rs 205.50.

Remember that in just three months of the current government, the dollar has become expensive by Rs 23.

It is to be noted that due to deficit and declining foreign exchange reserves, the rupee continues to depreciate in Pakistan, and on Monday one US dollar became more expensive in the interbank market at 203 rupees 85 paisa.

According to economists, exponential fluctuations in the value of the currency have caused great distress to exporters and importers, while also having a negative impact on foreign investors. According to currency dealers, with the departure of SBP Governor Raza Baqir and the subsequent non-appointment of a permanent governor, it seems that SBP’s control over the interbank has weakened, which is being taken advantage of.

DJ Kamal Mustafa

DJ Kamal Mustafa

About Author

DJ Kamal Mustafa is a Music Producer, DJ, Pakistani Filmmaker, and Journalist. Has Made six Animated Films and Released 18 Music Albums for Pakistani and Bollywood Celebrities. The latest animated film on Cyber Awareness has been released by DJ Kamal Mustafa, a project for NR3C.GOV.PK (National Response Center For Cyber Crime) FIA Cyber Crime Wing. I have been featured in The News, Geo News, Dunya News, Gulf News, Global Village Space, and in many newspapers and news blogs. I am writing for Pakistan Today, Times of India, Capital TV, Daily Times, and other news outlets.

You may also like

corona relief tiger force

Corona Relief Tiger Force: PM to begin registration of youngsters today

ISLAMABAD: (Imran Khan) will begin registration of corona relief tiger force this evening, Assistant Special Youth Affairs Usman Dar has
Pakistan Navy chief

Pakistan Navy chief announces his 1 month salary to the Corona Relief Fund

Pakistan Navy Chief announced to donate one month’s salary to the Corona Relief Fund.   According to the spokesman of