Dollar makes new high at PKR 177.35 at midday trading

Dollar makes new high at PKR 177.35 at midday trading

KARACHI: The US dollar recorded an all-time high of Rs177.35 during midday trading at Interbank Foreign Exchange Market on Wednesday.

The Pak Rupee (PKR) ended previous record low at Rs176.79 to the dollar on December 07, 2021.

The rupee is facing deterioration due to large import bill.

According to the official data of the Pakistan Bureau of Statistics (PBS) released a day earlier, showed the import bill of the country surged by 69.17 per cent to $33 billion during first five months (July – November) 2021/2022 as compared with $19.47 billion in the corresponding months of the last fiscal year.

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