World / Currency lowest level dollar reaches new high economic crisis

Even after the change of government in Pakistan, the economic crisis is not taking its name. Pakistan's rupee has reached the lowest level ever. On Thursday, the price of Pakistan rupee rose to Rs 192 against a US dollar. This is the lowest level ever.

According to the Forex Association of Pakistan, at 11 am on Thursday, the value of the rupee against the dollar rose to Rs 192.20. A day earlier it had closed at Rs 190.20. In 24 hours, the value of the rupee fell by two more points. Experts say that imports are increasing continuously in Pakistan and exports are decreasing. Because of this the value of Rs. From July to April, Pakistan's trade deficit has increased to $ 39 billion.

Experts say that due to the rise of the dollar, the rupee has broken the confidence of the people. The situation is not likely to improve as of now. According to media reports of Pakistan, due to lack of help from IMF, timely assistance from friendly countries and depletion of foreign exchange reserves, the country's currency is going through a crisis period.

Economic crisis deepening in Pakistan

Imran Khan has been out of power today on the pretext of economic crisis. Despite the formation of the new government, the economic crisis in Pakistan is increasing. Here the foreign debt is continuously increasing. Now Pakistan's old friendly countries Saudi Arabia, UAE and China are also delaying in sending help. In such a situation, inflation is at its peak here.