KARACHI: The US dollar made a gain of 41 paisas against the Pak Rupee (PKR) on Thursday.
The rupee weakened despite the announcement of the government to make trade in Pak Rupee with neighboring country Afghanistan.
The rupee ended at Rs167.66 to the dollar from the previous day’s closing of Rs167.25 in the interbank foreign exchange market.
Currency experts said that the dollar demand remained high during the day for import and corporate payments. They said that dollar outflow to Afghanistan was also a big concern for rupee stability.
However, in order to address the Afghan trade problem, the Pakistan government decided to trade Afghanistan in the Pak Rupee.
The dealers said that the external payment kept the exchange rate under pressure during the current fiscal year. The rupee is near to the all-time low of Rs168.44 against the dollar, which was recorded on August 26, 2020.
