KARACHI : With going down of Forex reserves , dollar has made more quick gains against the rupee in the local currency market . The dollar value on Tuesday to a rupee jumped up to Rs 204 (selling) and Rs 202 (buying) in open market . This is highest value of dollar in Pakistan market .
The interbank rate jumped up to Rs 200.9 (buying) and Rs 201.4 (selling) in the local market .
In a sheer contrast to the official claims, dollar is continuously thrashing the rupee . The rupee is shedding value against a dollar as Pakistan’s Forex reserves are continuously slipping down and the government is not getting any support from its traditional lenders to stop downward trend in the rupee value.
Pakistan needs huge financial support to get out of the on-going economic crisis.
