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