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Thanks to our Bhikaari MinistersIt must have been calculated at old exchange rate as the rupee has now crossed double century in devaluation.
$323 billion as per new exchange rate or 200pkr per dollar, it will fall further as per forecasts.Dollar crossed rs200, it means next year GDP in $$ will likely go down again or stay same if government can stabilise rupee at current level.
Pakistan need reforms which will hurt elite interests to grow in real terms. Otherwise inflation will keep making poor pay the price and we may end up in Sri Lanka like situation.
If PTI was not forced to fix petrol prices and allowed to complete term. Rupee would have been at Rs175.
Why so much of Interest into Pakistani Economy and Currency all of the Sudden?$323 billion as per new exchange rate or 200pkr per dollar, it will fall further as per forecasts.
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Not an interest, got surprised seeing the economy reaching $380 bn even when we hear pkr going down everyday, then checked the exchange rate used there.Why so much of Interest into Pakistani Economy and Currency all of the Sudden?
What’s the 2021-22 GDP in PKR
PKR is taken as 174.834816463 for 1 USD while it has cross 200 per 1 USD now. So Pakistan’s GDP in 2021-22 is around 664 tn PKR or $332 bn not $380 bn.
If we get an IMF deal soon, than dollar will be back at Rs 180.Not an interest, got surprised seeing the economy reaching $380 bn even when we hear pkr going down everyday, then checked the exchange rate used there.
And the opposition scum knew thisThe biggest service he did was to give our economy direction to be export oriented. Never before was that done. Result is 30-40% increase in exports.