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

1) GDP per capita: Even by Pakistan’s dismal economic standards, IK’s regime was truly exceptional: GDP per capita FELL after a very long time.

2) Unprecedented Inflation: ALL quintiles experienced RAPID inflation (including food inflation). Thus, with a falling GDP per capita (figure 1) and increasing prices, Pakistan essentially experienced a stagnating economy with rising prices: another historic achievement of IK.

3) Currency depreciation: The PKR plummeted and tanked to unbelievable levels.

4) Investments and Equities: Pakistani stock market indices have STILL not reached their levels in 2017. In short, the period was terrible for everyone: investors, workers, industrialists, and ordinary consumers.

Forget about the Industrialization of Pakistan

There is the implementation of unequivocal taxation governing the state.  Also, in the name of austerity, we are hiking operations costs. In the name of increased exports, we have devalued and stooped so low that it is impossible to recover. God forbid never talk about petroleum prices. Many pundits have predicted the collapse of Pakistan’s economy (Pakistani Rupee to Dollar) over the last few years but Pakistan’s economy has displayed amazing resilience up till now. It is high time that the common people say: “I am done with you” to Mr. Imran Khan and give democracy a chance. This Govt can’t even provide free medicines now. The only recent relief came to the industrialists of Faisalabad in the Power Loom sector.

When Zia Ul Haq left, our total debt was $13 billion Then came PPP and PMLN. Debt increased to $39 Billion. Then came the Musharraf era. Although, debt only increased by $1.7 Billion to $ 40.60 Billion. During the Musharraf era, the aid given to Pakistan was 32 Billion Dollars. Musharraf devalued the Pakistani rupee to US Dollar only to leave people whimsical in his consumer economy bubble with the hire-purchase model.

Let’s just conveniently ignore all the easy debts and rescheduling that took place after 2001 which made Musharraf look like a messiah and put an extra burden on the next governments to further your propaganda! (The Paris Club offered $12 Billion in loans for 38 years. Under the arrangement Pakistan would have to pay nothing in debt servicing during the first 15 years.)

Not to forget, it was Musharraf who had left the country’s lest its resources on the war on terror for years and budgets to come meaning the exchange rate dollar to Pakistani rupee was 1 to 65 for not very long until its correction to around 100 soon after he left.

AND AGAIN. Then came PPP and PMLN. Debt increased to $96 Billion. Our problem with PTI is that it campaigned that they will implement new taxes on people but they will take money from the corrupt mafia. And the Govt. needs to improve its business strategy and earn something. Not lose extra bucks on Peshawar BRT. 2.3 Billion PKR per KM. Duh?

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