The Pakistani Rupee is continuously losing its value as Dollar rate in Pakistan or USD to PKR is significantly increased.
USD to PKR or Dollar rate in Pakistan crossed the Rs 160 barrier on Tuesday (today). In the interbank market, the United States Dollar hit Rs 160.90 after observing a raise of Rs 1.04.
According to market analysts, the Pakistani currency is facing devaluation because of the burden of payments in the US Dollars. Yesterday, the USD to PKR hit Rs 159.85 in the interbank market.
In a year, Dollar rate in Pakistan is increased by around Rs 38. However, in July 2018, it was around Rs 121.