The US dollar has reached an all-time high against the Pakistani Rupee, trading at Rs95.20, and the trend is expected to continue.

The rate is prevailing over currency markets all over the country, where as in certain areas the dollar is even being traded higher than Rs96.

While the major causes for the declining rupee are internal, such as a fragile economy, declining reserves, inflation, and lack of foreign investment, tense relations with the United States has a significant role to play in the downfall due to a serious lack of confidence in the currency.

The rupee also lost significantly against other major currencies, being traded at Rs25.68 against the UAE Dirham, Euro at Rs120, Pound at Rs146.86, and at Rs1.18 against the Japanese Yen.