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Forex Association of Pakistan

USD to decline further against PKR; Expert anticipates record Remittances in Eid season
Markets

USD to decline further against PKR; Expert anticipates record Remittances in Eid season

  • “Each month $300 to $400 million dollars are coming into interbank market through exchange companies which have led to the rise in foreign exchange reserves and strengthen the local currency,” he said.
  • Malik Bostan informed that Pakistan has become the fourth largest in terms of remittance inflows, with India at the top followed by China and the Philippines.
Published 13 Apr, 2021 02:11pm