[Pakistani Rupee To USD] How High Will Pakistani Rupee Appreciate In Exchange With US Dollars?

Against the previous year’s goal of Rs 5555 billion, it only increased by Rs 3950 billion, although covid hindered in the group of Rs 300 to Rs400 billion. This year the goal is 4950 billion but again the trend seems to suggest Rs 4300 billion sprinkled with a miniature budget. Given the enormous devaluation, this government’s revenue collection was abysmal. In the first quarter of the past year, our budget deficit was 0.4percent of GDP. This fiscal year (20/21) can it be 1.1% of GDP so I fear we might end up with another year of more than 8 or 9% of GDP budget deficit. This enormous shortage (or dissaving) cannot be helpful for capital formation or investment. Our exports in 17/18 were $24.75 billion. They fell in PTI’s first season by $500 million despite enormous devaluation and last year decreased (in part because of Covid) by yet an additional $1.8 billion.