Due to the strict policies of the government, the value of dollar, pound, euro, riyal depreciated last week, and Pakistani rupee remained strong against all currencies.
According to the report, the weekly currency report states that after the tough decisions of the government, where the rupee strengthened against the dollar and other currencies last week and the hope of getting a loan from the IMF, the dollar depreciated, export earnings. The increase in supply increased the supply of dollars and the increase in supply also led to a significant echo in the value of the dollar in the market.
Experts say joining the IMF program also raises expectations of new packages from other international institutions, while a possible reduction in imports due to tougher government policies has also led to a fall in the dollar.
According to the data, the rupee strengthened against the dollar on a daily basis last week. Last week, the dollar, pound, euro and riyal depreciated. At Rs 201, Rs 200 and Rs 199, the dollar depreciated by Rs 1.83 to Rs 197.92 on the interbank market and by Rs 2.50 to Rs 198.50 in the open market.
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