The Pakistani Rupee (PKR), which has weakened significantly against the US Dollar (USD) and reached an all-time high of 300.56, confronts a formidable struggle. This large increase indicates the PKR’s continuous battle with economic challenges. For Pakistan’s economy, the increasing dollar raises a number of issues, including higher inflation and import costs.
This uphill struggle is made more difficult by the expanding trade deficit, the dearth of foreign reserves, and the unpredictability of the world economy. The purchasing power of the common citizen may suffer as a result of increasing prices for basic goods brought on by the depreciation of the PKR.
The Pakistani government and central bank should think about putting strategic measures into place to address this problem. These can include increasing exports, luring in foreign investment, and upholding responsible monetary policies to keep the exchange rate stable.
Moreover,
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