Due to the Corona virus, economies around the world, including Pakistan, are experiencing a slowdown and the dollar has been rising steadily over the past several days.
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But now after the good news about the Pakistani economy, the rupee has appreciated against the dollar and the dollar has fallen by Rs. 31 paise in one day.
It is to be noted that yesterday, a group of the 20 largest economies of the world (G20) announced a one-year delay in repayment of nearly $ 40 billion in debt payments to 76 developing countries, including Pakistan. Pakistan will receive about $ 12 billion in debt relief.
Subsequently, the State Bank of Pakistan reduced interest rates by 2% to 9%, which triggered a wave of happiness among investors and its impact was also seen in the stock market today.
The third big news for the Pakistani economy was the World Monetary Fund's approval of a $ 38 billion relief package for Pakistan, which will increase Pakistan's reserves.
https://twitter.com/StateBank_Pak
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