The US dollar has once again spiked in its value adding 77 paisa more to its actual value. The rise in USD value has now taken the country’s external debt to a total of 75 billion rupees. With 77 paisa increase in the value, USD is now inter-bank trading for Rs. 140.26 while in the open market with an increase of 20 paisa, the dollar is being traded for Rs. 140.90
The dollar picking up once again against Pak rupees has been upsetting not only inter bank trading but also making life more tough for the common man.
Owing to the climb in the value of the dollar, the external debt has spiked to 75 billion rupees. According to analysts, the hike in price will now have a severe effect on the overall costs of everyday food items, electronic items, machines, petrol, diesel and even electricity, making life more difficult for an average Pakistani struggling to make ends meet day after day.