Dollar soars, price hits all-time high

Karachi(94news) At the end of the business week, the dollar touched 140 rupees 78 paise in the interbank market, while the dollar was sold at 143 rupees 50 rupees in the open market. Despite receiving 9 billion 20 billion dollars from Saudi Arabia, China and the United Arab Emirates, the value of the dollar is falling, which has reached 143 rupees so far. The dollar has now reached an all-time high.

Money changers say that the value of rupee is continuously depreciating due to which the market has become very unstable and people are buying a lot of dollars and the market has also become positive due to the decrease of dollar in the market. When Pakistan Tehreek-e-Insaaf came to power, the value of the dollar was 123 rupees, but due to its continuous decline, its value has now reached 143 rupees 50 paisa. Economists say that despite the decrease in current account deficit, there is a fear of increase in the value of the dollar. He says that if the exchange rate is increasing artificially, then the value of the rupee will have to be adjusted. According to experts, the value of the rupee will further increase until the loan is received from the IMF.