Karachi: In the currency market, the flight of the dollar continued on Monday, which brought the open rate of the dollar to the level of 288 rupees.
At the close of business, the dollar closed at Rs 283.85 with an increase of 26 paisa in the interbank market, while the dollar closed at Rs 288 with an increase of Rs 1 in the open currency market.
Experts say that due to the non-fulfillment of the required conditions of the IMF, the financing guarantee of 6 to 7 billion dollars from the friendly countries and the conditions of imposing new taxes in the budget and further increasing the interest rate, the dollar has declined. The value increased.
According to experts, due to continued ban on import activities and affected industrial activities, imports have decreased and the current account deficit has turned into a surplus, but the staff level agreement with the IMF continues to drag on, which will gradually strengthen the dollar and weaken the rupee. causing
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