Steadily devaluation of Pak Rupee is increasing the cost of doing business in Pakistan. Business community demands for immediate measures from interim federal government and Chief Justice of Pakistan. (Sajid Imtiaz)
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Pak Rupee Devaluation
1. Pak Rupee Devaluation
25% in Last 5 Years
Value of one dollar
against rupee was
Rs.97-98 in June 2013
which has now fell to
Rs.122-123 against
one dollar.
Sharp devaluation of
rupee against dollar
will cause:
Manifold increase in
foreign debt
Increase cost of
production
Unleash a new wave
of inflation for the
common man.
Pakistani industries
import lot of raw
materials for
manufacturing of
various products and
the devaluation of
rupee will affect
exports as our
exportable products
would become more
uncompetitive in the
international market.
Our future generations
would be badly
trapped in debt and
economy would get
further weakened.
Sajid Imtiaz: Creative Director Graymatter