Pak Rupee to strengthen against dollar


Lahore, 10th November: The continued strengthening of the rupee against the dollar has brought new impetus to the Pakistani economy.

According to a Baaghi TV report, the rupee has consistently maintained its value. In recent days, the strengthening of the rupee against the dollar has been seen as a sign of improvement in the Pakistani economy. 
Analysts say that since October 1, the rupee has appreciated by 3.1% against the US dollar, making it one of the best-performing currencies in Asia, and the Pakistani rupee is the best at 3. 

Forex dealers say that the value of Pakistani currency continues to rise due to which the demand for dollars from importers has been suppressed in the market.

Due to this improvement, Pakistan’s external debt has also decreased by Rs 1,056 billion.

The increase in foreign exchange reserves, strong remittances, improvement in the balance of payments position and increase in the inflow of Pakistanis abroad have helped in strengthening the value of the rupee.

The forex dealer said that the appreciation of the rupee will continue in the coming days and it is hoped that the rupee will return to the level of 157 against the dollar during the next two trading sessions.

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