The greenback was changing hands in the interbank market at a record Rs. at closing according to Forex Association of Pakistan . In the open market the dollar was trading at Rs. yesterday the dollar closed at Rs . Yesterday the dollar traded up to a price of Rs during the day .
Analysts call for a sound strategy from the government to curtail the black market . The increasing dollar price is a serious cause of nervousness for the government as it has raised the public debt unexpectedly high . Ex-finance minister Ishaq Dar said in a recent tweet the devaluation of rupee had raised the .
public debt by Rs. trillion in FY 2013 . The average buyer was purchasing dollars at all costs according to a Dawn report . Currency dealers said the increasing demand had pushed the price so high that it went beyond the red line set by the International Monetary Fund IMF requirements has added more pressure on the PKR .
The IMF was not in favour of interference in the currency market but the demand for keeping the differential at .pc was in itself an interference. The struggle to keep the dollar below Rs wont work, according to Atif Ahmed a currency dealer in the .interbank market.
A currency dealer said . Atif Ahmad Ahmad said . He said political uncertainty had made the common man desperate leading to dollarisation of the economy. A Currency dealer who claims to know the . common man. A dealer who . claims to have the common person.
A trader who claimed to be a trader who said he said he . said he had the government said he knew the government’s ‘knowledge of policy makers’ said he ‘know the . currency dealer’ had made him ‘to know the government.
