Today dollar value decreased after a high influx of dollars in last few days due to which the trader community breathed peacefully.
According to the report, the dollar rate has declined by 3 rupees and five paisa today, which has brought dollar to 131 rupees. In the open market, dollar has declined by 1 rupees and fifty paisa which is now low-priced to Rs 63.
President of the Lahore Chamber of Commerce, on the rising price of the dollar, said that the government should announce a clear policy on dollar’s rugged race, due to increase in dollar rate, the business community has been badly affected.
Khawaja Shahzad Nasir, senior vice president of the Lahore Chamber of Commerce, said that the dollar’s rising price is bad for the economy, till now the price of dollar has increased by 16 rupees since the current month, the external debt volume has increased by 1400 billion dollars. The new wave of cost-effective inflation is affecting the buyer’s power.