US Dollar hits Rs 161 in interbank market

Farhan Abro June 26, 2019

Less than a minute

KARACHI: US dollar breaks the record as it reaches Rs 161 in the interbank market on Wednesday morning hours.

The US dollar rose by Rs2.2 at the start of the trading today.

The rupee devaluation against the US Dollar following an agreement with the International Monetary Fund (IMF) on a six billion USD loan with strict conditions which includes ‘Market determined’ exchange rate.

According to the State Bank of Pakistan, US Dollar price is Rs 158 today.

It appears more devaluation is expected as Government has agreed on IMF terms.

https://twitter.com/nadeemmalik/status/1143756599057702912

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Farhan Abro

Hello! My name is Farhan Abro, and I'm based here in Islamabad. My journey in Pakistan's digital media really kicked off when I founded INCPak back in 2012. We built it from the ground up, driven by an entrepreneurial spirit, to be a trusted voice for independent journalism. But while media is a big part of who I am, I'm also shaped by a fascinating mix of other passions. I'm deeply into automotive, which gives me a technical edge, but I also find my artistic expression through landscape photography and music. And I'm always diving into the exciting world of Artificial Intelligence. Bringing all these different worlds together the technical, the creative, the journalistic, and the entrepreneurial—it really colors how I see things and approach every project. It gives me a distinct perspective that I try to bring to everything I share