SBP: Rupee likely to depreciate in next 6-month.


The Pakistani rupee may encounter events of depreciation against the US dollar over the next six-month period. The country, however, remained confident that the actions taken on money laundering and terror-financing would help it in exiting from the Financial Action Task Force's (FATF) grey-list next month.

"Over the next six months, foreign exchange rate risk, balance of payment pressures, widening fiscal deficit and increase in domestic inflation were reported as key risks," State Bank of Pakistan (SBP) said in its annual Financial Stability Review (FSR) 2018 launched on Thursday.

"The likelihood of...

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