World Trade

The US dollar hit an all-time high at Rs 191 in interbank trading.

KARACHI : Amid persistent instability in the country, the Pakistani rupee continued to drop against the US dollar in the interbank market.

The local currency depreciated by Rs1.73 on the basis of negative macroeconomics, including increased import bills combined with a delay in the IMF payment.

The dollar was being traded at around 191.75 when compared to the previous day’s finish of 190.02.

Meanwhile, the Pakistan Stock Exchange (PSX) also experienced a bearish trend as the KSE-100 index plummeted by almost 550 points in the intraday session and touched 42,293.

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