KARACHI: On Thursday, the value of US dollar hit a high of Rs128.48 in interbank trading while Rs129.50 in open market after an increase of 48 paisa in interbank market and 50 paisa in open market respectively.
This hike in dollar value would be a reason of an increase in the prices of petroleum products, eatables, dairy products, mobile charges, transport and vehicles.
With a sudden increase in dollar’s value there is a possible threat of inflation and economic instability.
In India the value of 1 US dollar was Rs4 in India and now it is Rs68.
In Philippine, 1 US dollar was for 2 Philippine Peso and now it is 53 Peso.
While in Pakistan the value of dollar was Rs3 but now it has heightened to Rs130.