The dollar reached the highest level of Pakistani history
One rupee increase in dollar price was Rs 152. The value of the dollar and the rupee continued to be uninterrupted. Today’s price in the open market today increased by one rupee, after which the value of the dollar was Rs 152. While in the morning, a dollar is increased 1 Rupee or 13 paise. According to Forex Dealers, the rupee cost a dollar of Rs 149 a day after the increase of 13 Paisa.
High Prices Due To Dollar
On the other hand, the dollar’s rising price is being considered as the fear of the inflation of the country. Many economists say that people have purchased dollars for their savings. We should appeal to the public to bring out our dollars in homes and contribute to saving the country’s diminished economy.
Social media users say we should increase our steps to support the economy and completely boycott the dollar. Social media users have set a front against the dollar. It was believed that the opening market on May 17 last week increased the value of the dollar for the third time. The dollar’s price in the open market increased by one rupee, after which the value of the dollar was Rs 151.
In the Interbank market, the dollar cost was added to 1 rupee or 35 paise. Economic experts say the increase in the value of the dollar is likely to increase the cost of petrol and if the price of petrol increases, the country will come up with a new storm in which the country’s poor people will go further. It is worth mentioning that the dollar value is expected to go up to 200 rupees. While on the other hand, the Federal Investigation Agency (FIA) has decided to take action against dollar collectors.
State Bank monetary policy
Monetary policy has been announced by the State Bank, the rate interest rate for the next two months has been decided. According to the details, the State Bank has announced interest rates for the next two months, declaring monetary policy. 150 basis points were added to the central bank’s interest rate, the State Bank said the basic interest was 12.25 Percentage is done.
Sharpening in the stock exchange
After the sharp fall in the stock exchange, the index of 33 thousand was broken into 100 indexes. During the business, a significant decline of 2.5 percent was seen in 100 indexes, while the index dropped below 323 360 levels.
Disadvantages Of Dollar prices
Due to the increase in dollar prices, The prices of goods used in everyday life will increase. The petrol prices increase and electricity per volt price also increases. Which will destroy the country economy. The government must control dollar prices.