Pakistani Rupee to appreciate to Rs 200 mark against US dollar in coming days
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The Pakistani rupee is set to appreciate to sub Rs200 for a US dollar levels by the end of the calendar year on the back of investments from China and Saudi Arabi.
This was claimed by Forex Dealers Association Chairman Malik Bostan on Wednesday.
Speaking to *SAMAA TV*, Bostan said that there has been renewed hope for investments in Pakistan after the country exited the Financial Action Task Force (FATF) gray list. 0 seconds of 0 seconds
Asked about the recent volatility of the rupee, he said that due to the long march led by the Pakistan Tehreek-e-Insaf (PTI) against the government, it was contributing to an uncertain environment. This negatively charged environment, he said, was keeping investments away from the country.
“The instability of law and order has led to a pessimistic sentiment amongst foreign investors while domestic investors too are afraid to invest,” Bostan added.
