Posted 3/31/2024, 2:09:08 AM
Ramazan Lifts Dollar Inflows, But Political Uncertainty Clouds Economic Outlook
- Dollar inflows higher in Ramazan, compensating for lower February inflows
- Currency dealers sold $300-350 million to banks in March, significantly more than February
- Remittances via banking channels likely to increase as overseas Pakistanis send money for Eid expenses
- Currency dealers sold $3.2 billion in first 9 months, bringing exchange rate stability
- Political uncertainty remains despite new government, impacting foreign investment, domestic investment, bank lending, and manufacturing
