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Page 4 - பாக்கிஸ்தான் குவைத் முதலீடு நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pakistani rupee enjoying smart recovery

Pakistani rupee enjoying smart recovery Muzaffar Rizvi © Provided by Khaleej Times Pakistani rupee enjoying smart recovery Pakistan s rupee has staged a smart recovery against the US dollar on positive economic indicators, and experts believe it will continue its upward trend despite some challenges ahead. Analysts and market experts said the currency will be a major beneficiary of higher GDP growth, rising foreign exchange reserves and consistent remittances inflows of over $2 billion during the first eight months of the current 2020-21 financial year. The rupee has so far appreciated 1.7 per cent against the dollar this year and closed at 157.12 on the interbank market on Friday. Against the UAE dirham, it ended slightly up at 42.77 against 43.6 on January 8, reflecting an appreciation of 1.9 per cent.

Pakistan looks set for FATF white list either in February or June

Pakistan looks set for FATF white list either in February or June Muzaffar Rizvi © Provided by Khaleej Times Pakistan looks set for FATF white list either in February or June Pakistan looks set to exit the Financial Action Task Force s grey list as it complies with the FATF recommendations, however the Paris-based watchdog may link its decision to include Islamabad in its white list with an on-site visit of the group for verification of the steps taken against money laundering and terror funding, Khaleej Times has learnt. The FATF plenary, which started is examining Pakistan s compliance on FATF 27-point agenda on Monday, will conclude its proceedings and announce its final verdict on Thursday.

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