USD to PKR: Dollar rate in Pakistan reaches at Rs 146.25


On Wednesday (today), USD to PKR or Dollar rate in Pakistan broke all previous records.

USD to PKR or Dollar rate in Pakistan now reached at Rs 146.25 in the open market. The raise of Rs 2.25 is observed after the agreement is done regarding the $6 billion IMF loan to Pakistan.

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.

In April, former Finance Minister Asad Umar revealed that IMF loan to Pakistan is now finalized and will be around $6 to 8 billion. He further added that the talks with the World Bank and IMF were positive. However, Pakistan will receive the funds from the Asian Development Bank and World Bank.


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