Tag Archives: dollar

  Stable foreign currency exchange rate and foreign currency reserves are one of the critical aspects for Pakistan’s ability to engage in commerce with other countries. Volatility in the exchange rate is increasingly being recognized as a concern for Pakistan’s economy. The Pak rupee has depreciated significantly against the US dollar marking a new risk for Pakistan’s economy. After maintaining a range bound movement from 2009 to 2011, the rupee …

  Pakistan has been witnessing devaluation year after year ever since one can remember. People in general longed to see a stronger rupee. Depreciation was resulting in constant increase in price pushing more people below the poverty line. Currently the Rupee is trading between PKR98. No one can say for sure where the exchange rate will be in the future. Some predict devaluation to previous levels other claim another round …