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| The stock market crossed the 43,000 mark on Friday with an increase of 850 points |
The value of the rupee against the dollar has been improving since the settlement of issues with the IMF and facilitation from friendly countries.
According to Forex dealers, the dollar depreciated by Rs 4 on Friday.
After which the dollar fell below the level of Rs 200 in the interbank market.
The rupee is reportedly appreciating against the dollar today (Friday) after the country's newly elected coalition government accepted the IMF's terms and reduced subsidies on oil products.
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Zafar Paracha said that the issues between the government and the IMF are almost settled due to which the rupee is appreciating today.
This is an important point of the IMF's terms. It will also reduce the deficit.
The government will have to take more drastic measures in economic matters so that the country's economy can be brought in a better direction.
He further said that on this occasion the role of our friendly countries especially Saudi Arabia is commendable as it has signaled extension of the period for keeping its deposits in Pakistan.
This is a welcome decision. This is one of the reasons for the appreciation of the rupee.
According to Forex dealers, the dollar is trading at Rs. The trend is being seen.
On Friday, business started in a positive way and the market crossed the limit of 43,000 with an increase of 850 points.
Economists say that the political situation has improved and the IMF has responded positively.
Due to which the confidence of investors has been restored.
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