US dollar slides to lowest level in almost 5 months

KARACHI – The US Dollar in interbank declined to its lowest level in almost five months after a fall of 62 paisa on Thursday.

As per details, the greenback closeed at Rs162.86. Since its high of 168.43 rupees on August 27, the dollar has fallen by 5.57 rupees.

The devaluation of the USD will ease pressure of debt payment of Pakistan by 575 billion rupees.