KARACHI – In a positive development, US dollar to fall below Rs 150 markagainst Pakistani Rupee, hints international agency.
The value of the rupee is likely to rise by four per cent, according toCredit Suisse.
According to Credit Suisse, inflation has increased in Pakistan butinterest rate is unlikely to rise. The State Bank is waiting for inflationto decline, as soon as the situation improves some interest rates will bereduced.
According to the Credit Suisse report, a 4% increase in the value of therupee has been recorded while in the IMF program and now the value of therupee is stable, the value of the rupee may increase by another 4%.
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The report further said that in the short-term, the stock market will tradein a limited range while the market index is likely to rise in the longrun.
