KARACHI: Pakistan’s newly appointed finance minister Ishaq Dar said on Monday that the country’s currency will strengthen to under 200 rupees to the US dollar.
The rupee is currently at around 227 to the US dollar.
“The rupee’s real value is below 200 (to $1), and, God willing, it will come below 200 (rupees),” Minister Ishaq Dar said in an interview with local television channel.
He added that the rupee would be strengthened through government “policies”.
Dar’s comment comes as the Pakistani rupee reported a seventh consecutive gain against the US dollar on Monday, closing over 0.5% higher in the inter-bank market.
As per the State Bank of Pakistan (SBP), the rupee closed at 227.29 after appreciating Rs1.16 or 0.51%. In the last seven trading sessions, the rupee has cumulatively appreciated Rs12.41 or 5.45%.
