Karachi - Pakistani rupee further dampened on Thursday on continued lack of foreign exchange in the local market, dealers said.

The rupee in the inter-bank market crossed all time low to close at 67.08/67.20 (buying/selling)against the US dollar as compared with 66.45/66.50 on Wednesday.

In an unofficial open market, however, the rupee traded sideways and fell slightly to close at 67.50/67.80 against 67.30/67.70 on Wednesday.

The central State Bank of Pakistan on Thursday called a meeting of foreign exchange dealers to address the panic situation in the market as dealers say the fast eroding foreign exchange reserves of the central bank is mounting concerns in the market.

"The dollar is short every where," said Nabeel Iqbal, head of marketing at Khannani and Kalia, Pakistan's largest foreign exchange firm.

The central bank has lost over 4 billion dollars in the last five months due to rising oil prices, food imports and low exports. (dpa)