Dollar crosses Rs160 after five months in Pakistan ...palestine

The dollar crossed the Rs160-mark after five months as fears of a fourth wave of coronavirus spread in Pakistan. Importers have increased trade to stock up if lockdowns are imposed. jwplayer("jwp-outstream-unit").setup({}); The dollar could be bought for Rs160.20 on Friday in the open market. It interbank rate was Rs159.20. “If you ask me, most of the fundamentals say the dollar rate should not rise,” said Exchange Companies of Pakistan Secretary Zafar Paracha. “Remittances are good, the Current Account has been in surplus or close to it. Foreign exchange reserves are also at a record high.” If Pakistan has no commitment with the IMF for currency

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