With a wideni­ng trade defici­t, Pakist­an is set to see a weaker rupee in the coming daysAfter a long run of stability, the Pakistani rupee finally witnessed the pressure everyone, but the government, had admitted it had. Many still say that the rupee can go further down to Rs115 by June 30, 2018. This is because the PML-N — read Mr Ishaq Dar — was exhausting official reserves in keeping the rupee strong by pumping dollars whenever the currency would witness pressure. The deliberate delay and energy it took the government to keep the rupee strong has eventually started to take its toll. With a widening trade deficit, which shows no signs of slowing down, Pakistan is set to see a weaker rupee in the coming days.

Source: The Express Tribune December 10, 2017 06:45 UTC