MSCI proposes to downgrade Pakistan s stock market tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Rupee Becomes World s best Currency timesofpakistan.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofpakistan.pk Daily Mail and Mail on Sunday newspapers.
Rupee becomes world’s best currency
Gains significant ground against dollar in wake of excessive inflow of foreign currency
KARACHI:
Pakistani rupee has emerged as the world’s best performing currency as it appreciated the most against the US dollar in the past three months ended March 31, 2021.
The rupee strengthened in the wake of excessive inflow of foreign currency from global sources compared to a limited outflow during the Covid-19 pandemic.
Taking to his Twitter handle, Tangent Capital Advisers CEO Muzammil Aslam while citing Bloomberg data tweeted, “Pakistani rupee has been the world’s best currency against the US dollar from January 1 to March 31.”
The Express Tribune speaks to experts in different sectors to assess outlook of economy
Pakistan has expectedly missed its GDP growth rate target in the outgoing fiscal year. PHOTO: INP
The economy had been under pressure for the past 12 months. While for some sectors 2020 had been a nightmare, for others it was a blessing in disguise.
It had been a year unlike any; while the services sector was battered by the pandemic, new businesses also emerged. Though the agriculture sector suffered due to lockdowns, locust attack and climate change, the construction sector and capital markets managed to finish the year on a positive note.