Dollar rate in Pakistan or USD to PKR reached to all time high value.
USD to PKR or Dollar rate in Pakistan recorded Rs 148.5 in the interbank market. On Thursday (today), the Pakistani Rupee gained by Rs 7.1 and sold in the interbank market for Rs 148.5.
Yesterday, Dollar rate in Pakistan for the first time reached at Rs 146.25 in the open market. The raise of Rs 2.25 was observed as agreement is finalized regarding the $6 billion IMF loan to Pakistan. After that, PM Imran Khan ordered concerned authorities to take action against foreign exchange companies selling the dollar at above RS 144.
On the other side, Under the IMF bailout, Pakistan have no choice but to concede to the IMF’s demands to hike power tariffs and taxes and withdraw tax concessions and exemptions – which are among the conditions that the country has accepted to secure the loan.