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Devaluation of Pakistan Rupee
Devaluation of Pakistan Rupee
Devaluation of Pakistan Rupee
PKR
IN THE FIRST 6
MONTHS OF 2008
presented by
Devalue to make
Exports cheaper for foreigners
Imports expensive for domestic consumers
This may help reduce Current Account Deficit.
Comprises
Current Account
Capital Account
Financial Account
BoP and PKR
Pakistan has a huge trade deficit, and our exports are very low.
The rise in the trade gap has been attributed to high oil
import bill, and rise in the prices of food items, machinery
and automobiles.