Karachi: The dollar rose by Rs 0.84 to reach Rs 168.94 – the highest level in the country’s history. The previous high was recorded at Rs 168.43 on August 26, 2020.
After touching a low of Rs 152.4 on May 7 earlier this year, the greenback is again going up again, rising over Rs16 in just four months.
According to experts imports have been continually rising, which has made the dollar jump.
In July, Pakistan imported $5.5 billion of goods. In August, it reached $6.5 billion.
is about $3 billion. In addition to this, Pakistan was also paying profits from investors.