KARACHI – In a positive economic development, Pakistani Rupee to bounceback strongly against US dollar in open market.
According to Credit Suisse, value of Pakistani Rupee (PKR) is likely torise by four percent.
Report of Credit Suisse states that interest rate in Pakistan is unlikelyto rise despite inflation in the country. State Bank will reduce interestrate after there is a decline in inflation.
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Report further states that during IMF program, a 4% increase in the valueof rupee has been recorded and its value may increase by another 2 to 4percent in the future.
