Usd to pkr open market: Rupee tumbles down to 157 against the dollar, record interbank high

Devaluation has nothing to do with stimulating the economy, it increase inflation and reduces purchasing power. A devalued currency reflects weekends in overall economy and trade.The economy only improves when investors are provided with a incentive to invest, there is a stable long term currency rate, government policies are stable in the long term and government is efficient and transparent. None of those conditions are met in today’s PTI Naya Pakistan. So every Pakistani will be a lot poorer as a result of this. Pakistanis are 25% poorer as a result of this devaluation and that’s just the start !

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