against smugglers and banks involved in speculation after which the PKR started gaining.
The Ecap general secretary said the market expected Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud would soon be visiting Pakistan during which he would announce a multi-billion dollar investment, while the premier was expected to announce Chinese investment of $15bn in China-Pakistan Economic Corridor (CPEC) projects during his visit. The developments could improve the PKR’s value to less than Rs200 per dollar, he added.
The PKR’s value declined by Rs1.6 against the dollar last week, according to data compiled by Mettis Global, as the PTI began its long march to Islamabad, which analysts said had dampened investor sentiment and raised fears of political instability.
