KARACHI: The dollar fell by Rs 5.39 to Rs 232.99 during trading in the inter-bank market.
According to the details, the value of the dollar continues to decline. During the initial trading, the value of the dollar was seen to decrease by 38 paise, which has now reached 5.39 rupees.
At the close of business yesterday, the interbank rates for the dollar closed at a level of Rs 238.38. Similarly, due to a lack of demand in the open currency market, the value of the dollar decreased by Rs 1.50 to close at Rs 240.50.
Experts say that non-opening of letters of credit for non-essential and luxury items and a total 35% reduction in the sale of petroleum products in June and July are not only likely to reduce the current account deficit but also reduce the pressure on foreign exchange. Is.
As a result of the government’s measures, the financial crisis will be limited for the next three weeks, after which there are chances of averting the financial crisis with the issuance of instalments from the IMF.
