According to currency dealers, on the second day of the business week, the US currency depreciated by seven paisas in the interbank market, with the dollar falling from Rs277.97 to Rs277.90 in the interbank market.
On the other hand, the 100 index reached a new high of 104,000 due to a rise of more than a thousand points in the Pakistan Stock Exchange.
On the second day of the business week, the Pakistan Stock Exchange witnessed a huge surge at the start of business, with the Hundred Index on the Stock Exchange rising by more than 1,000 points to reach the level of 104,361 points.
It should be noted that experts related to the value of the dollar in Pakistan in the coming months say that there is little chance of the dollar increasing shortly.
According to experts associated with the currency market, although the value of the dollar increased by a few paise last week, this is a temporary trend and there will be a clear decrease in it soon. If no major changes occur, the dollar should fall in value over the long term.
Some experts believe that if these trends continue, the dollar will be worth Rs250 in two to three months.
The dollar is on a downward trend and national and international conditions are indicating that it may fall significantly.
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