KARACHI – The value of US dollar on Thursday, hit a high of Rs128.48 in interbank trading while Rs129.50 in open market after an increase of 48 paisa in interbank market and 50 paisa in open market respectively.
This hike in dollar value would be a reason for an increase in the prices of petroleum products, eatables, dairy products, mobile charges, transport and vehicles.
With a sudden increase in the dollar’s value, there is a possible threat of inflation and economic instability.
According to economists, the value of Pakistani rupee is declining due to increased imports, low remittances, debt and interest payments.
