US Dollar Peaks Historic Level of Rs 170
Pakistani currency emerged as the world’s best-performing currency in March 2021 but it has depreciated since then
US dollar has reached the historic high in the open market after hitting Rs 170 level for the first time.
In the open market on Wednesday, the US dollar rose by 90 paisa.
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Why Inflation is Bound to Rise is Pakistan in Next Years?
Pakistan rupee has depreciated by around Rs 12 against the greenback in the last 12 months.
Pakistani currency emerged as the world’s best-performing currency in March 2021 when it appreciated 4.09% to Rs 153.55 against the greenback from the opening level of January 1, 2021.
