Google Still Shows Dollar At Rs141.48 As It Soars To Rs148

(@mahnoorsheikh03)

Google still shows dollar at Rs141.48 as it soars to Rs148

This has confused the internet users as who to believe - the media reports or Google. 

Islamabad (Pakistan Point News – 16th May, 2019) The US dollar reached a record high against the Pakistani rupee in the open and interbank Currency market on Thursday.

According to media reports, the US dollar gained Rs6.61 against Pakistani rupee in the interbank market, rising to Rs148.

In the open market, dollar has gained Rs3, taking it to Rs147.

However, search engine Google still show dollar to be valued at Rs141.48. This has confused the internet users as who to believe - the media reports or Google.

Some people are calling it a media propaganda and claiming the official rates remain stable.

The exchange rate of Dollar in interbank remained constant and was traded at Rs 141.39 while it appreciated by Rs2 in the open currency market, State Bank of Pakistan (SBP) reported on Wednesday.

The Pakistani rupee had depreciated to Rs 146 in the open market following the rise in dollar.

The hike in the value of dollar comes as Pakistan and the International Monetary Fund (IMF) have reached a deal for Rs6 billion bailout package.

Business leaders are of the view that IMF's sponsored budget will result in contraction of the troubled economy and take a toll on the masses struggling to make both ends meet.

The new taxation measures to improve the revenue collection will also hit the business community and the masses, widen the gulf between taxpayers and tax collectors and promote tax evasion.

Mahnoor Sheikh

The writer is News Editor, Pakistan Point. She has graduated in Mass Communication and has worked in various media houses