After receiving some unexpected shockwaves ,due to speculative attacks in the recent past Pak rupee has recovered some of the recent losses and appears to be stable at around 104 to a US dollar in the interbank market . The speculators who have been betting against Pak Rupee are missing some bright spots of country’s economic horizon like increasing forex reserves, falling energy cost, increasing home remittances , positive growth outlook and improving balance of payment . On the political front too there is obviously stability at last . These foregoing factors are contributing to Pak Rupee stability. I believe Pakistan’s economy is improving which will keep currency stable and strong in the years to come inshallah . A strong currency is in the interest of Pakistan.
EJAZ AHMAD MAGOON,
Lahore, December 16.