Exchange Rate in Pakistan
Pakistan - Exchange RateEconomic conditions are deteriorating as FY 2022 (July 2021-June 2022) draws to a close. Rising commodity prices and a large fiscal deficit have inflated the import bill, putting the country on the verge of a balance of payments crisis. The currency has sunk to an all-time low, while international reserves have dwindled to barely two months import cover. The government faces a tricky balancing act: On the one hand, it needs to trim the budget deficit in order to gain access to IMF funds. This led it, as part of its new FY 2023 budget, to unveil new austerity measures in June, such as cuts to fuel subsidies. On the other hand, it wants to avoid exacerbating inflation, which could pull the rug out from under the economy—or even the government itself: Protests recently broke out over the rising cost of living and blackouts caused by fuel shortages.
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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