{"id":58533,"date":"2019-12-10T14:31:03","date_gmt":"2019-12-10T09:31:03","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=58533"},"modified":"2019-12-10T14:31:03","modified_gmt":"2019-12-10T09:31:03","slug":"pakistani-rupee-at-a-six-month-high","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistani-rupee-at-a-six-month-high.html","title":{"rendered":"Pakistani Rupee at a six-month high"},"content":{"rendered":"<p>Lahore: The value of the Pakistani rupee has strengthened against the US dollar recently \u2014 with the latter falling in value over the past six months to PKR 155 per dollar, a news source reported.<\/p>\n<p>Previously, the dollar had been trading at PKR 164.05 on the interbank market in June, but today this value has fallen to PKR 154. 95. As a result, the value of foreign debt owed by Pakistan has also managed to decrease by PKR 976 billion.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/pakistan-to-receive-dollar-deposits-from-china-uae.html\" target=\"_blank\" rel=\"noopener noreferrer\">Pakistan to receive dollar deposits from China, UAE<\/a><\/p>\n<p>This appreciation in the value of the Pakistani rupee has been attributed to the increase in remittances and dollar inflows in the country, and the experts predict that this trend could continue for some time.<\/p>\n<p>Last week, Moody&#8217;s Investors Service affirmed Government of Pakistan&#8217;s local and foreign currency long-term issuer and senior unsecured debt ratings at B3, and changed its outlook from negative to stable. This move was made under the expectation that the balance of payments\u2019 dynamics will continue to improve, as long as they are \u201csupported by policy adjustments and currency flexibility\u201d within the country.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/rupee-stabilises-against-dollar-5.html\">Rupee stabilises against dollar<\/a><\/p>\n<p>Additionally, the Asian Development Bank last week approved of a USD 1.3 billion policy based loan for Pakistan. Out of the total amount, \u00a0USD 1 billion was approved as immediate budget support to the country, and is expected to strengthen its economy. The remaining USD 300 Million has been earmarked for reforms within Pakistan&#8217;s energy sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The value of the Pakistani rupee has strengthened against the US dollar recently \u2014 with the latter falling in value over the past six months to PKR 155 per dollar, a news source reported. Previously, the dollar had been trading at PKR 164.05 on the interbank market in June, but today this value has fallen to PKR 154. 95. As a result, the value of foreign debt owed by Pakistan has also managed to decrease by PKR 976 billion. Read:\u00a0Pakistan to receive dollar deposits from China, UAE This appreciation in the value of the Pakistani rupee has been attributed to the increase in remittances and dollar inflows in the country, and the experts predict that this trend could continue for some time. Last week, Moody&#8217;s Investors Service affirmed Government of Pakistan&#8217;s local and foreign currency long-term issuer and senior unsecured debt ratings at B3, and changed its outlook from negative to stable. This move was made under the expectation that the balance of payments\u2019 dynamics will continue to improve, as long as they are \u201csupported by policy adjustments and currency flexibility\u201d within the country. Read:\u00a0Rupee stabilises against dollar Additionally, the Asian Development Bank last week approved of a USD&hellip;<\/p>\n","protected":false},"author":57,"featured_media":40668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14362],"persona":[],"class_list":{"0":"post-58533","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-pakistani-rupee-at-a-six-month-high"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistani Rupee at a six-month high - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The value of the Pakistani rupee has strengthened against the US dollar recently \u2014 with the latter falling in value over the past six months to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistani-rupee-at-a-six-month-high.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistani Rupee at a six-month high - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The value of the Pakistani rupee has strengthened against the US dollar recently \u2014 with the latter falling in value over the past six months to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistani-rupee-at-a-six-month-high.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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