Karachi October 20 2021: Dollar closed on historic high level crossing 173 rupees level dollar at interbank up by 69 paisa or 0.4 percent to close at 173.47 rupees compare to yesterday closing of PKR 172.78 as per data released by State Bank of Pakistan.
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Dollar gains PKR 13.7 since start of this fiscal and PKR 15.97 since 30th June 2021. Increasing quantum of imports puts pressure on Pak Rupee against the US Dollar. During the first quarter, imports of goods increased by 64 percent to USD 17.4 billion compared to USD 10.6 billion in the same period last year.