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Dollar Reaches All Time High In Open Market

KARACHI: Dollar has surged to a historic high in Pakistan’s open market as it trades above the Rs 172 mark on Wednesday after gaining Rs0.20 over the bleeding rupee.

In the past four months alone, the dollar value has jumped Rs18 as on May 7, it stood Rs152.28.

This surge in the open market followed the bullish inter-bank trade which, too, noted routing of local currency against the greenback.

In the inter bank trade today, the US dollar stands at Rs 170.3 after gaining Rs 0.33 over the Pakistani rupee.