Dollar Expected Rate In Coming Days In Pakistan
Introduction
Recently, the Pakistani rupee has been facing a sharp decline against the US dollar. This has caused concerns for many people in Pakistan who are worried about the future of the economy. In this article, we will discuss the expected rate of the dollar in Pakistan in the coming days.
The Current Situation
The current situation is that the Pakistani rupee is trading at around 164 against the US dollar. This is a significant decline from just a few months ago when it was trading at around 152. There are several reasons for this decline, including the COVID-19 pandemic, a decrease in exports, and a rise in imports.
The Impact of COVID-19
The COVID-19 pandemic has had a significant impact on the Pakistani economy. The country has been forced to shut down many businesses and industries, which has led to a decrease in exports. Additionally, the government has had to spend a lot of money on healthcare and relief efforts, which has put a strain on the economy.
Decrease in Exports
Pakistan's exports have been declining for several years now, and this trend has continued during the COVID-19 pandemic. This is due to a variety of factors, including a lack of investment in the export industry, a lack of competitiveness in the global market, and a lack of diversification in exports.
Rise in Imports
The rise in imports is another factor that has contributed to the decline in the Pakistani rupee. Pakistan is heavily dependent on imports for many goods, including oil, machinery, and electronics. As the country has had to import more goods during the pandemic, the demand for US dollars has increased, leading to a decrease in the value of the Pakistani rupee.
The Expected Rate of the Dollar in Pakistan
Given the current situation, it is expected that the Pakistani rupee will continue to decline against the US dollar in the coming days. However, the rate of decline may slow down as the country begins to recover from the pandemic and the government takes steps to improve the economy.
The Role of the Government
The government has an important role to play in improving the economy and stabilizing the exchange rate. Some of the steps that the government can take include increasing investment in the export industry, promoting foreign investment, and reducing the country's dependence on imports.
Conclusion
In conclusion, the Pakistani rupee is facing a sharp decline against the US dollar due to a variety of factors, including the COVID-19 pandemic, a decrease in exports, and a rise in imports. While it is expected that the rupee will continue to decline in the coming days, the government has an important role to play in improving the economy and stabilizing the exchange rate.