Dollar at interbank rose by 94 paisa to close at 176.42 rupees on historic high trade deficit numbers, as per data released by SBP.
Since July 1, 2021 dollar rose by 12 percent or Rs 18.88 and Rise in dollar to add pressure on debt by PKR 2300 billion.
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Central Bank Foreign Exchange Reserves Drop By USD 1.2 Billion During November 2021: SBP
Month of November saw a steep rise of 162.4 per cent in trade deficit which was driven largely by more than triple increase in imports to USD 8.01 billion compared to exports of USD 2.9 billion from the country.
