Pak Rupee display strong show
Rupee ended the year at 159.83, down 3% from year start, but significantly stronger than the low of 169.50 posted on 27th March 2020. This trend of strengthening was possible due to substantial growth in remittances, exports and multi lateral flows. In fact, Dec exports posted $2.16bn (annualised $26bn). Rupee has also been assisted by lower imports, oil prices and rescheduling of debt, and also due to a weak and bruised dollar in global markets. The Roshan Initiative promises to bring in another $1.2bn in 2021 (having clocked in about $200mn last year).