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The stability of the Pakistani rupee is expected next week against the US dollar in the market. The commercial bank’s trader said that the stability of the rupee is predicted which is supported by the foreign currency reserves. The trader mentioned that if the supply and demand are stabilizing means the rupee is also stabilizing.
He added that the outflow is greater than the inflow and the budget has been accepted very well by the market as it focused on growth and taxes.
The government has maintained the target for remittance that is $31.5 billion for the fiscal year. This will be starting from July 1, 2021.