Pakistan Ecnomic Dollar break in 2020
Flying on the dollar is about to break. The rupee is likely to strengthen against the dollar in the coming weeks. According to details, economists say that the dollar will fall to Rs 150 in the next three to four months.
In the coming weeks, the rupee will provide the central bank with an opportunity to store additional dollars available in the market and increase foreign exchange reserves, economic analysts say. Economists, currency dealers and textile exporters say the Pakistani rupee will rise to Rs 150 against the dollar by the end of March 2020. On the other hand, experts also say that the value of the rupee will fall again between April and June and by the end of the year 2020, the rupee will lose its value, leaving the dollar at 164 rupees. The dollar hit a five-month low Economic analysts say that Pakistan will repay $ 9 to 10 billion in loans to various countries and financial institutions in the year 2020, which will increase the pressure on the rupee.
It should be noted that the value of the dollar fell further to Rs 154.98 on the previous day, which is the lowest dollar against the rupee in the last six months. At present, the Pakistani economy seems to be stepping out of trouble. From the stock market to the currency market and the current account deficit to the international credit rating company, everyone is talking about stability in the economy. Currency dealers are expected to receive large amounts of dollars from outside countries in the coming days, after which the value of the dollar is likely to go down further.