As i said 3 months back that devaluation will not help export as it will reduce export and increase import more wider CAD than a stable rate does.
As August number are there that import is more than July and export is less than July even after devaluation of 3%.
Anything excessive is going to cause major import bill and will wider CAD even if it is devaluation.
There is no growth in the world, which leads to nearly 10% devaluation. Only happens when there is default crisis.
I rest my case i proved right that market base currency is more dangerous than Pakistan getting default.
As i said anything excessive like devaluation or appreciation will only have negative result ,which only results in outflow. 2018 mid was better declare our default rather going with this market base currency ,which a cancer and a slow death to Pakistan economny .
As August number are there that import is more than July and export is less than July even after devaluation of 3%.
Anything excessive is going to cause major import bill and will wider CAD even if it is devaluation.
There is no growth in the world, which leads to nearly 10% devaluation. Only happens when there is default crisis.
I rest my case i proved right that market base currency is more dangerous than Pakistan getting default.
As i said anything excessive like devaluation or appreciation will only have negative result ,which only results in outflow. 2018 mid was better declare our default rather going with this market base currency ,which a cancer and a slow death to Pakistan economny .
