The plan is to visit Karachi, Lahore and Islamabad; see how companies are running and how regulators function,” added Scheiber. “The economy has grown at 5.3% per annum, energy and security situations have improved and then there is the China-Pakistan Economic Corridor (CPEC). The index gained over 15% in less than a month, but analysts and fund managers believe a further slide in the rupee could be expected. “Fundamentally, the rupee could go to around Rs120 to the dollar,” said Shamoon Tariq, portfolio manager and partner at Tundra Fonder. Macroeconomic indicators are worrying and repayments to the International Monetary Fund (IMF) will start soon.

Source: The Express Tribune February 22, 2018 04:09 UTC