The US dollar hit an all-time high of Rs142 in the interbank market on Friday.
The rise in dollar comes owing to the widening current account deficit.
On November 23, the US dollar rose to a record high against the rupee as it reached Rs135.30 in the open market.
The government borrowed a total of $1.58 billion during the first four months (July-October) of the current fiscal year.
In the first two months of the fiscal year (July and August), the caretaker government took out loans of $820 million. With the new Pakistan Tehreek-e-Insaf government in power, the borrowing continued. The government borrowed over $760.4 million during the months of September and October.
$320 million were borrowed from commercial banks, $230 million from China and $70 million from Islamic Development Bank.
Overall, the government is expected to borrow close to over $9.69 billion during the 2019 fiscal year.
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