US dollar continues to gain ground

ISLAMABAD: The US Dollar started trading on Wednesday morning at Rs286.50 after witnessing a jump of 11 paisas in the interbank currency market

According to currency dealers, the American currency a short while later made a big jump of 85 paisas in the interbank trade against the Pakistani Rupee and reached the value of Rs287.25. 

In the open market, the Dollar shot up to Rs288 after a rise of Re1 for another straight day. 

Stock market crosses 54,000, again

The price of the US Dollar against the Pakistani Rupee has gone out of control once again, as its demand increases over the past couple of weeks. 

In the last 17 days, the price of American currency has seen a massive increase of Rs9.75 in the interbank market, and more than Rs11 in the open market.