The Pakistani rupee is set to appreciate to sub Rs200 for a US dollarlevels by the end of the calendar year on the back of investments fromChina and Saudi Arabi.
This was claimed by Forex Dealers Association Chairman Malik Bostan onWednesday.
Speaking to *SAMAA TV*, Bostan said that there has been renewed hope forinvestments in Pakistan after the country exited the Financial Action TaskForce (FATF) gray list.0 seconds of 0 seconds
Asked about the recent volatility of the rupee, he said that due to thelong march led by the Pakistan Tehreek-e-Insaf (PTI) against thegovernment, it was contributing to an uncertain environment. Thisnegatively charged environment, he said, was keeping investments away fromthe country.
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“The instability of law and order has led to a pessimistic sentimentamongst foreign investors while domestic investors too are afraid toinvest,” Bostan added.
