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Dollar keeps rising, hits record high at PKR 95
By: Farrukh Shabbir, Uploaded: 11th June 2012
Dollar has reached its record high rates against Pakistani Rupee today, with trading beginning at Rs 95.20, Aaj News reported.
In the midst of tensions between US and Pakistan, people have started trading dollar at even higher rates than the current market rate, fearing a staggering hike in Dollar’s value over the next few days.
Unstable economy and growing inflation combined with low foreign exchange and investments are being speculated as the cause of this rise in dollar’s value. The Dollar is expected to keep on rising in upcoming days.
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Story first published: 11th June 2012
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