Posted 2/4/2024, 2:58:35 AM
Pakistani Rupee Faces Uncertainty in Coming Months Due to Falling Remittances and Investments
- Experts warn the Pakistani rupee may face volatility by end of March due to factors like lower remittances and foreign investment
- Performance in the third fiscal quarter is seen as crucial for Pakistan's economic outlook in the coming months
- Remittances and foreign direct investment are below expected levels so far this fiscal year
- Receiving the next IMF tranche of $1.2 billion in March is uncertain and may depend on the policies of the new government
- Caretaker government has raised electricity and gas prices to meet IMF conditions, contrary to popular promises of free power units