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Pakistonomy - Episode 127 - The Return of Ishaq Dar

Pakistonomy

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Do You Know if Dar Sab Is Returning?

The rupee began to fall arise against the dollar as word was confirmed that dar sab is returning. Between 50 to 100 million dollars were brought back in by exporters closing their open positions on that Monday when our landed back in Pakistan and then went to take oath. So, it's a combination of these two things right now it's certainly not market dynamics because supply of dollars has not increased in the in the market. And at the same time, the demand for dollars from the import side has fallen to some extent but nowhere near to the extent that it needs to offset the underlying market fundamentals.

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