Like Sri Lanka, there is a strong possibility that the rupee will stabilize in Pakistan.
According to the data, the Sri Lankan rupee has gradually improved by 60 rupees against the dollar since the agreement with the IMF.
Before the agreement, 1 dollar was equal to 368 Sri Lankan rupees, after the agreement, the Sri Lankan rupee gradually fell to the level of 300 rupees.
According to the President of Forex Association of Pakistan, Malik Bustan, the dollar can go below 250 rupees if we proceed carefully.
Malik Bustan further says that the dollar withheld by the exporters is likely to return.
The president of Forex Association of Pakistan also says that the remittances of overseas Pakistanis will also accelerate.
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