Dollar breaks 106

[SBD-3]

 

[KRAIT]

Seems like Sheikh Rasheed may have to leave politics if PKR strengthens at this rate.

 

[Bilal.]

I heard here has been a further increase of 500 million in foreign reserves today.

 

[Imran Khan]

soon it will be 100 and SR blood pressure will be high

 

[SBD-3]

I heard here has been a further increase of 500 million in foreign reserves today.

The tranche have been approved by IMF and shortly will be released. (in next week most likely)

 

[Assault Rifle]

But Reuters is reporting it closed at Rs106.15/dollar

Source :
Last Updated: Fri, Dec 20, 2013 18:00 hrs
The rupee ended higher at 106.15/106.20 against the dollar, compared to Thursday's close of 106.28/106.33.

Pakistani stocks end higher; rupee strengthens o/n rates flat

 

[Bilal.]

The tranche have been approved by IMF and shortly will be released. (in next week most likely)

I am seeing drastic improvement in economy In Sha Allah. We might not need IMF further after this program ends in 2 and a half years.

 

[SBD-3]

But Reuters is reporting it closed at Rs106.15/dollar

Thats interbank market rate.

 

[Leader]

Its because of loan grants coming in from IMF and ADB and WB, not the strength of the economy which is at 4.1 GDP.

 

[SBD-3]

I am seeing drastic improvement in economy In Sha Allah. We might not need IMF further after this program ends in 2 and a half years.

That we always will unless we don't engineer trade surpluses. For that we need to expand our manufacturing base which will take time.

 

[Bilal.]

That we always will unless we don't engineer trade surpluses. For that we need to expand our manufacturing base which will take time.

Not necessarily, we just need to reduce the trade deficit enough so that our export plus remittances can cover it. If the foreign investment also increases we will have a current account surplus.