KARACHI: Dollar value was registered Rs 122.50 in interbank after it shed Rs 5.36 against Pakistani currency.
The economic wizards are dubbing it remarkable change. The dip in dollar value has been recorded in interbank market after 4 years.
Fall in value of dollar will lead to curtail burden of loans amounting to Rs 450 for Pakistan. Recently dollar has crossed the record highest level in the country. Now a gradual fall in its value is being observed.
The Pakistan Stock Exchange (PSX) witnessed a positive trend. The benchmark KSE-100 index gained 314 points to reach 43,100 points.
Dollar has shed Rs 4 after a long time in inter bank and the main reason behind this dip in value of dollar is the new political scenario which has emanated from the peaceful election in Pakistan. Market has witnessed improvement and investment is on rise.
