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Daily Archives: March 13, 2014

AKD Quotidian about — Pakistan Economy: Stronger PKR may unlock monetary easing

Karachi, March 13, 2014 (PPI-OT): In a surprising development, the PKR/US$ parity has appreciated by 6.68%MTD (7.04%CYTD) to PKR97.90/US$, a remarkable recovery last witnessed in 2001. According to AKD Securities, this strength in the PKR has come on the back of 1) building up of FX reserves following receipt of US$1.5bn from an undisclosed friendly ...

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