Pakistan's weakest currency in the region

                                                   

                    This topic of today is very important for every Pakistani and we should think about it seriously that why Pakistani currency is very weak currency and why it is falling everyday against other currencies of the world. There are many reasons, specially in the South Asia Region Pakistan's currency is very currency. In the top reason Pakistan is taking IMF Program which is tied with very strict terms and conditions including fall of our currency, hike in prices of petrol, gas, electricity, removal of subsidy to the consumer and many more.
                    In other reasons our Imports are very high and Exports are at low level due to which there is loss in Import & Export business at country level. The currencies in the South Asia Region are stronger then Pakistani currency. The current government is being criticized by many for letting the rupee depreciate from Rs.122.79 per US Dollar in the end of July 2018 to Rs.164.84 per US Dollar by the end of September 2020. In July 2016, the rupee had traded at 104.68 per US Dollar. By and large, PML-N Government is credited with keeping the rupee largely stable during the 2013-2018 period. Other things being equal, a strong rupee keeps the external debt obligation from increasing too quickly.
                Conversely, a depreciation of the rupee increases the so-called debt burden. Those opposed to depreciation point out that this does not significantly improve the volume of. While much can be said to explain low gains from depreciation in Pakistan, a couple of points are worth highlighting here.
                Currency depreciation in Pakistan has always been "involuntary". The authorities did not let the currency depreciate when an adjustment was due. The rupee was overvalued for a long time. Historically it has supplied only when the authorities were unable to control the supply of dollars any longer. Public debt has soared as a result, the foreign exchange reserve have been depleted. A strong rupee has also caused the trade and current account deficits to grow. Under these circumstances the gains from depreciation are hard to come by. The sudden plunges in the value of rupee cause panic, further comprising the gains. The impact of the depreciation on foreign trade and related sectors depends on three broad factors. One inflation in other countries particularly in main trading partners, two domestic prices and three overall macroeconomics conditions and policies, particularly during the depreciation phase.