Dollar VS Rupee
KARACHI: As the nation struggles with a money shortage, the Pakistani rupee lost more ground against the US dollar during Tuesday’s intraday activity on the interbank market.
A currency crisis that analysts claim is being caused by the United Arab Emirates’ new regulations, smuggling, and the lifting of the import ban caused the local currency to lose Re1 versus the dollar and close at 217.66.
There has been a spike in the open market price of the US dollar as a result of the UAE’s requirement that Pakistani travelers report 5,000 dirhams at the airport upon arrival.
