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IRT US $ & ITS IMPACT ON ECONOMY OF PAK

IRT US $ & ITS IMPACT ON ECONOMY OF PAK

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Published by PTI Official
IRT US $ & ITS IMPACT ON ECONOMY OF PAK
IRT US $ & ITS IMPACT ON ECONOMY OF PAK

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Published by: PTI Official on May 02, 2014
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07/24/2014

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FLUCTUATION OF US$ & ITS IMPACT ON THE ECONOMY OF PAKISTAN
 
Researched & Compiled by
 
Insaf Research Team 
irt@insaf.pk
Adnan F. Rehman: 03454888878 Faisal Hameed: 03314077640 Rana M. Ahmad: 03018444472 Shahbaz A. Khan:03147779222 Date: Apr 23, 2014
 
 
 
Insaf Research Team (IRT)
 
1
 
FLUCTUATION OF US$ & ITS IMPACT ON THE ECONOMY OF PAKISTAN
 
I
mpacts of US$ Decline on the Economy of Pakistan:
The Rupee Dollar parity now stands at 97.6 in the inter-bank market increasing by Rs.1.40 from the first day of current week as in the graph below. Overall Pak Rupee is gaining strength as far as the US$ have declined dramatically10%+ within 10-days all the charts defining the real picture of US$ Vs PKR game According to the forex market experts, the open market rates for the greenback were Rs99.90 in buying and Rs100.45 in selling. However, the inter-bank rates dropped further to Rs99.50 in buying and Rs99.70 in selling in the mid of March-2014. The ongoing trend in the open market suggests that the value of the rupee has fallen by 0.99 per cent from Monday, and dropped by 5.64 per cent since January.
 
 
Insaf Research Team (IRT)
 
2
 
Dollar Rate Chart from 1
st
 April to 21
st
 April Dollar Rate Chart from 1
st
 March-2014 to 21
st
 April
 
01-04-2014 PKR: 98 21-04-2014 PKR: 97.5 15-04-2014 PKR: 95.7 01-03-2014 PKR: 104.9 03-03-2014 PKR: 98 15-04-2014 PKR: 95.7

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