Around 230, the US dollar was being bought and sold.
September 12, 2022, 12:42 p.m. KARACHI, Pakistan—In interbank trading on Monday, the US dollar kept falling against the Pakistani rupee.
The US dollar was traded for around Rs230 on the first business day of the week. It had gone up by Rs1.82 in the interbank market.
Related: The dollar’s winning streak continues, as it gains Rs 1.12 in interbank trading.
Even though the State Bank of Pakistan (SBP) is getting much-needed funds from the International Monetary Fund, the dollar is still doing well (IMF).
Experts in economics say that the fall of the rupee is caused by the rise of dollar indexes around the world and the country’s rising current account deficit.
