NewsOctober 09 , 2018
US dollar increases from Rs124.25 to Rs134
KARACHI: The US dollar rate exchange has increased by Rs9.75 due to uncertainty in the interbank market today (Tuesday).
According to the details, the dollar rate is currently fluctating between Rs132 and Rs134 in open market whereas, it’s rate stood at Rs124.25 when the market closed yesterday.
The speedy increase in the dollar price is mainly due to the current government decision to approach the International Monetary Fund (IMF) in order to overcome to financial crisis.
In a video message, Pakistan Tehreek-e-Insaf (PTI) leader and finance minister Asad Umar said that the government will immediately start negotiations with IMF as Prime Minister (PM) Imran Khan has given a green signal to do so.
He added that the country is going through a difficult phase but we have to find a way to get out of this crisis.
Moreover, Pakistan is likely to request the IMF to provide it $6 to $7 billion.
Courtesy www.dailytimes.com.pk
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