KARACHI -  At the end of trading week Dollar further dip in inter bank against rupee and traded at lowest price of Rs 98.

According to the data provided by the Forex Association of Pakistan, minimum price of dollar in inter bank was Rs 98 and it was traded at maximum rate of Rs 98.10.  Zafar Paracha Secretary General ECAP told that dollar traded at lowest price of Rs 99.90 and highest price of Rs 100.40 in cash free market. Depreciation in dollar prices and appreciation in prices of rupee is a good sign for us because we are import oriented country, said Eman Khan a financial expert at Aerari. 

Depreciation in dollar would be continued and may be it further dip against Pak rupee. In last few days we saw the selling pressure in market but now the rupee back again.

Upcoming supply of dollar in terms of $550 million from International Monetary Fund, $350 million of Collation Support Fund and some other payments around $1.5 billion in the month of April have brought stability in the market.

Malik Bostan Chairman Exchange Companies Association of Pakistan told The Nation foreign reserve would be reached at $25 billion at the end of this year.

Including all other supplies of dollars, peace process also push up the foreign reserve position to $25 billion, the Chinese investment in infrastructure, Dubai investment in energy sector and start of Gwadar Port  will bring more incomes in the country, he added.