Four Reasons why Pakistan Rupee shows muscle to US Dollars at last

Pakistan-rupee-vs-US-dollarPakistan Rupee has further gained strenght against US as its values now 98.30 Rupees in the interbank market this morning. 

The analysts say that some vital measures like import ban on gold, influx of direct foreign investment and International Monetary Fund loan have helped rupee to get a stronger position.

The State Bank of Pakistan (SBP) says that investment stand at $ 523 million in last seven months with $ 106.9 million in January alone. 

IMF has approved a loan of $ 550 million giving the government a strong position to control balooning price of the dollar.

In addition, proposed launching of Eurobond next month by the country has made a great impact in money market to pull down dollar rate.

About the author

Farhan Zafar

Farhan Zafar is Chief Web Producer and co-founder of PakistanTribe.com, Fastest growing independent and bilingual news website in United States, UK, Middle East and Pakistan.

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