Strategy Note /

INTERMARKET PULSE: Pakistan Economy – PKR pullback may be shortlived

    Tellimer Research
    30 July 2018
    Published byTellimer Research
    The open market PKR exchange rate reportedly adjusted from 129.3 to the US$ to 126.0 over the weekend. In follow up, the interbank rate has also opened at 125.4 from 127.9 at last close. This follows news flow regarding a US$2bn loan from China, a 3yr US$4.5bn oil import facility from IDB and possible assistance from Saudi Arabia.