The dollar continued to soar, reaching a record high of Rs 169.60 in the interbank market.

According to the report, currency dealers have expressed concern that if the central bank, the State Bank of Pakistan, does not intervene in the market to control the value of the dollar, the dollar will become more expensive.

Yesterday, for the first time in the history of the country, the value of the dollar against the rupee in the interbank market reached a high of 168 rupees 90 paisas.

Zafar Paracha, general secretary of the Exchange Companies Association, had said that the value of the dollar was rising locally due to increased purchases of dollars by importers and smuggling of dollars into Afghanistan.


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