Economy in Pakistan

Economy  in Pakistan

Date :15-12-2021

To achieve real economic growth a stable currency is important. The Pakistani rupee has depreciated about 45 % during the last decade. A country like our in the world, cannot achieve real economic growth without foreign investments.

The exchange rate of the rupee was Rs120 per US dollar in mid of year 2018. it is now around Rs175 per US dollar. That why we are facing this type of situation also leads to stop in foreign investments.

Secondly, the devaluation of our currency has resulted in rising inflation rates. The country imports a sizeable portion of items.

Life of ordinary people being difficult due to increase in prices of goods as well as services. The devaluation of Rupees. should in increased demand for exports because our exports become cheaper for foreign buyers.

But we don’t get any notice on increase in exports after the devaluation because we don’t have significant exportable surplus.

The relevant bodies need to take a look into this situation and come up with a concrete financial plan to pull the country out of this economic mess.