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Pak Rupee Devaluation

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Steadily devaluation of Pak Rupee is increasing the cost of doing business in Pakistan. Business community demands for immediate measures from interim federal government and Chief Justice of Pakistan. (Sajid Imtiaz)

Published in: Economy & Finance
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Pak Rupee Devaluation

  1. 1. Pak Rupee Devaluation 25% in Last 5 Years Value of one dollar against rupee was Rs.97-98 in June 2013 which has now fell to Rs.122-123 against one dollar. Sharp devaluation of rupee against dollar will cause:  Manifold increase in foreign debt  Increase cost of production  Unleash a new wave of inflation for the common man. Pakistani industries import lot of raw materials for manufacturing of various products and the devaluation of rupee will affect exports as our exportable products would become more uncompetitive in the international market. Our future generations would be badly trapped in debt and economy would get further weakened. Sajid Imtiaz: Creative Director Graymatter

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