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The dollar has started depreciating in Pakistan and the dollar has reached the level of Rs 226 after depreciating by Rs 12 in the interbank market.
Economists say demand for the dollar has eased in the market after the end of dollar smuggling and the confirmation of early loan installments by the International Monetary Fund, and if the government continues to take steps to improve the value of the rupee. The dollar may fall further in the coming days.
General Secretary Exchange Companies of Pakistan Zafar Paracha while talking to Urdu News said that since the previous day the tendency of falling in the value of dollar is being seen.\
Zafar Paracha said that the main reason for the decline in the value of the dollar is the statement issued by the World Financial Institution.
In addition, the State Bank of Pakistan has also taken steps to prevent the smuggling of dollars from the country to Afghanistan, due to which the demand for dollars in the market has decreased.
He said that for the improvement of the country's economy, reduction in government expenditure is necessary.
"It is expected that the import bill will decrease this month because at this time there is oil of urgent need in the country and the prices of food items including petroleum products have also decreased in the world market."
Economic expert Samiullah Tariq says that the main reason for the decline in the value of the dollar is the news of receiving installments from the International Monetary Fund this month.
He said that after the IMF installment, there is hope to get money from friendly countries after which the situation is expected to improve further.
Economic expert Shahid Hasan Siddiqui says that the level of 240 rupees to the dollar was not natural. In the current situation in Pakistan, the dollar should stay close to 200 rupees. A big drop has been reported in the market today. If the situation remains like this, the rupee is seen to be more stable in the coming days.
He further said that after receiving money from IMF, money will also come from other friendly countries if a good and strong economic policy is kept, then the coming days will be good for Pakistan.
