KARACHI: The national currency remains under pressure in interbank
market, as the dollar is being traded at a new high of Rs83.60.
According
to dealers, the US dollar is seen trading at Rs83.60 with the increase
of Rs1.60 in the interbank. Meanwhile, Head of Research for Khanani and
Kalia Internationals, Nabeel Iqbal said that the dollar has surged to
Rs85 in open market.
According to sources, the greenback is
gaining frequent value due to sharp decline in foreign exchange
reserves. On the other hand, head of Global Markets and Standard
Chartered said that some elements in the market wanted to pressurize
the government by devaluing the national currency.
NEWS BY APAKISTANNEWS.COM
