KARACHI: The US dollar advanced to a historic high against the Pak Rupee (PKR) on Tuesday as exchange rate was recorded at Rs168.94 in interbank foreign exchange market.
The rupee lost 84 paisas against the dollar from previous day’s closing of Rs168.10 in the interbank foreign exchange market.
Currency experts said that foreign currency demand was seen for import and corporate payments during the day.
They said that widening of trade deficit had kept the pressure on demand side. They said import prices of international commodities and energy had witnessed substantial increase.
They said that the country required immediate support in the share of export dollars and inflows of workers’ remittances to support the local currency.
