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Is Stronger Rupee Beneficial For Pakistan? | Dawn News English [Video]

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Pakistan News

Is Stronger Rupee Beneficial For Pakistan? | Dawn News English

With the dollar recently hitting a five-month low against the rupee, exporters are feeling the pinch. The government shares its worries, fearing that a weaker dollar could disrupt the delicate balance between imports and exports, potentially leading to increased imports.

Despite exporters’ clamor for relief, proposals for cheaper energy were dashed by the IMF. The caretaker government’s plan to slash electricity rates for exporters faced rejection, highlighting Pakistan’s reliance on IMF support for economic stability.

For a detailed analysis of this, read Shahid Iqbal’s Dawn Business and Finance Weekly piece: https://www.dawn.com/news/1822000/fears-grow-over-impact-of-cheaper-dollar

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