The Pakistani Rupee may gain further strength against the US Dollar after a government-led crackdown on currency smugglers and black market dealers, according to ECAP Chairman Malik Bostan.
In a televised interview, Bostan predicted that the dollar could fall to Rs. 280 soon and may even touch Rs. 270, provided the crackdown continues with full force.
He also confirmed that dollar shortages faced by exchange companies have now been resolved, improving open market availability for consumers and businesses.
This follows a high-level meeting between Pakistan’s intelligence officials and exchange companies, reported by Reuters, where authorities pledged strict action against illegal dollar trading.
Despite this optimistic outlook, some analysts remain cautious, suggesting that macroeconomic pressures could push the rupee beyond Rs. 300 per dollar by December 2025, although most expect it to stabilize between Rs. 285-290 by the year-end.
The coordinated efforts to curb smuggling, hawala networks, and hoarding are expected to stabilize the market in the short term, but long-term currency stability will depend on foreign inflows, reserves, and economic reforms.