This is not how exchange rate works. Exchange rate cannot be fixed. It leads to bankruptcyno
With low value for Pakistani Rupee , more eatable goods leave Local Pakistani Market and end up overseas
While local people are left scrambling for food for "High Prices"
It is modern day Robbery of Natural Resources of Country
The problem is , in order to show Growth in Exports , Rupee value is sent to toilet !!!
There is pressure to "Export our food" outside Pakistan , in order to generate $$$$ To pay for oil and gas
This can be bought cheaply from many sources (Russia , Saudia, Iran ) and maintaining "storage"
Currently we send the Rupee value to toilet , and robbers come in and say sure , we will take all your eatable food , for pennies
- Pakistan thinks this Devaluation , generates Revenue/ GDP for Pakistan but ultimately this is creating empty stomachs at home and also , reducing value of old people's pension's saving
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Rupee value should be set to 1 dollar for 50 rupee and all exports should be processed with that exchange rate or none at all
The excessive food should be stored or given to local people first , at reduced cost so people sleep with full plate of food
- Export of eatable food should only be allowed once local prices fall !!!
Yes we do. Artificially fixed dollar price led to bankruptcy in 2018Does anyone remember this munafiqat?
No we can't. Not before we learn to survive without ImfWe have huge countries market around us , if govt help industrialists or new investors we can get huge sums of dollars in return. Good opportunity for the exporters to get benefit from current dollar rate too
If local inflation is high than your pounds will also buy them more local money. Simple mathsActually it doesn't benefit us. My English Pound is worth 223Rs, but what are those 223Rs worth? If the cost of stuff my family is buying has increased, then ultimately, sustaining their lifestyle costs me more £'s. This logic only works if the cost of living in Pakistan was not rising so much and so many items weren't imported.