Exchange Rate in Pakistan
Pakistan - Exchange RateThe economy expanded robustly in fiscal year 2021 (July 2020–June 2021), due to stronger domestic demand and a healthy external sector. However, economic momentum has seemingly lost some steam in Q1 FY 2022 (July–September 2021), as a third wave of Covid-19 has likely hampered economic sentiment and weighed on activity—amid some partial lockdowns in place since July. Moreover, worker remittances and export growth averaged markedly lower in July–August relative to the previous quarter, boding poorly for overall GDP. Furthermore, industrial production posted the worst year-on-year result since June 2020 in July, as large-scale manufacturing growth slowed notably. On a positive note, affordable housing loans under the government’s flagship markup subsidy scheme generated a surge in lending activity in July–August, and it should have continued to gain momentum in September.
Pakistan - Exchange Rate Data
|Exchange Rate (vs USD)||104.9||104.4||110.7||139.8||155.0|
5 years of economic forecasts for more than 30 economic indicators.
Pakistan Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||11.00||0.0 %||Jan 01|
|Exchange Rate||154.9||-0.05 %||Jan 01|
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