He did this because of IMF demand since Patwari govt already left Pakistan in highly overvalued exchange rate regime. But then you didn't blame the govt before Imran Khan for overvalued exchange rate. You blamed Imran Khan for devaluation. Bughaz Imrani idiot
It is apparent that you are more interested in trolling than in engagement and discussion. Furthermore, you post things without first trying to understand the context of the discussion or the response that you have copied and pasted in hundreds of posts without merit. The rupee was perfectly placed throughout the tenure of PML and was in our best interest.
The rupee slide started under caretaker Government but nobody can blame the caretaker setup as it has a very limited mandate and is not empowered to make strategic decisions; this is always the case with caretaker setups. It was expected that the incoming Government would immediately approach IMF, instead of the leader committing suicide as he had promised; and that the currency devaluation would not only be arrested but reversed. However, Asad Umar, the seemingly financial genie of PTI kept wasting precious time (just as Miftah has been doing lately) because of which our reserves kept depleting and hence putting even more pressure on PKR. The rest, as they say, is history!
As for your REER stories and nonsense, this is Pakistan's REER in the past 10+ years:
And here is Bangladesh's REER during the same period, which has outpaced us in exports:
And that is not it, this is INDIA's REER in the same period, which has outpaced both Pakistan and Bangladesh in exports:
Strange that India's REER is above 115 and yet it is outpacing Bangladesh which has a REER under 110; I hope you don't blow your little brain.
But let's view the Japanese REER in the same period, which is also exporting at an astonishing rate:
So Japan is an export power house despite having a REER of under 80; with your logic, how can it be?
And now for the conclusion, let's look at the Chinese REER:
So, China has a REER of over 125 in the last 10 years and a REER of over 140 in the last 5 years and yet China exports more than many top exporters combined!
So let this be a lesson and a shut-up call. Now run along and read up on REER, its limitations, its applicability and effect in real world vis-a-vis country to country other than the basket currencies!!