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Pakistani rupee getting strong, likely to hit 150 to dollar

Pakistani rupee is strongly expected to maintain its uptrend in the short run and peak out at around 150 to the US dollar over the next three to four months, which will provide an opportunity to the central bank to build the country’s foreign currency reserves by absorbing excess supply of the greenback in the market.

An economist at a leading bank, a currency dealer and a textile exporter, in different conversations, told The Express Tribune that the continuously strengthening rupee would peak out at around 150 to the US dollar by the end of March 2020

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