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Monday, December 23, 2024  
20 Jumada Al-Akhirah 1446  

Govt expects rupee’s value to become stable soon

Sources said the govt is banking on an increase in remittances
Stock image.
Stock image.

While the rupee’s value against the dollar plunges to a historic low, sources in the government have expressed optimisim that the value will stabilise soon.

Sources said that the recent freefall in the value of the rupee was a result of imports and exports resuming in the wake of the standby agreement with the International Monetary Fund.

In addition to the trade, Pakistan also had to make international payments that further pressured the rupee.

However, the government expects an increase in remittances from the next month, leading to some stability in value.

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economy

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