Pakistani Rupee is Expected to Strengthen Against the US Dollar Next Week

Dollar Rate in Pakistan

 

The Dollar rate has been fluctuating for quite a few times. This sudden drop in currency has decreased the economy of Pakistan.

Following the government’s big boost in gasoline prices, prospects for the IMF program to be revived have strengthened, with analysts predicting that the Pakistani rupee will begin an upward trend versus the US dollar in the coming week.

In the interbank market on Friday, the rupee regained lost territory and finished at 199.76 per dollar. After 16 consecutive sessions of depreciation, the domestic currency gained 2.25 rupees, or 1.13 percent.

E-commerce news in Pakistan

 

After the government announced a Rs30/liter increase in petroleum prices, traders began selling dollars, which was an underlying requirement of the IMF for the continuation of the Extended Fund Facility.

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