Well for the first, US election uncertainty was the reason PKR gain some strength. The world knows the Pak economy is driving in the opposite direction if we compare it to other countries in the region. The lower and middle-class people in Pakistan are the worst sufferers of increasing inflation. Govt claims that the Sugar price is 80 PKR per KG while on the other hand there is 110 per KG in my home town. Besides, there is no sugar available in utility stores.
How did Bangladesh Takka become more Economically Stable?
The State Bank of Pakistan raised its benchmark interest rate to 12.25 percent in an attempt to curb rising inflation amid a weak rupee and an elevated fiscal deficit. And with the present finance bill, all the government on the behest of the IMF has done has pushed the economy towards further cash transactions and hindered formalizing the economy. The interest rate in Pakistan was at a record low of 5.75 percent in May of 2016. This is why businesses flourished in the last 4-5 years and investments were being done creating new opportunities for Pakistan.
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