Pakistan Currency Rate
Pakistan Currency Rate
Pakistan Currency Rate usually unpredictable from last couple of decades due to unfair democracy and some other reasons. There are lot of factors who are damaging Pakistan Currency Rates. If we observe current situation we will reached on conclusion that dependency on IMF by Governments is major failure to stable the currency.
Pakistan Currency & US Dollar
In Pakistan some elements control currency value by US Dollar. In open market sell and buy of dollar un consistency major reason of Pakistan Currency devaluing. US Dollar rates raised in Pakistan from PKR 60 To PKR 143 in last 10 years. PPP Government failed to control the dollar rates and economy de fall caused the de-value of Pakistani Currency. Following this the next PMLN Government also used artificial methods to US Dollar rates. But UN-Experienced PTI government totally failed to control the raise in US Dollar.
There are some bad news from current government also looking towards IMF for loan on very tough Terms and Condition.
According to Daily Manaqib Islamabad Leading Urdu Newspaper sources confirmed that IMF demanding to finish Pension. This is really sad update because Pakistan is geographically situated in Sub Continent and here need tough employees.
More than 9 Million Pakistani already working abroad. In case of wave-off the pension of Government Employees its easily to predictable more Pakistani leave Pakistan. Hence no one willing to join Government Jobs. So this UN-secure situation create bad for Pakistani Economy and Currency as Well.
Pakistan Currency and Euro
The second major currency used in Pakistan after US Dollar is Euro. Because a huge number of Pakistanis working in Europe but Pakistani Currency not so much effected by Euro as US Dollars.
If we compare Pakistani Rupee with other Currencies like US Dollar, Ponds, Euro, Riyal Etc. Need to promote local products, need improvements in Agriculture and increase in Exports instead of Imports. Hope Pakistan Currency Stable.
Long Live Pakistan