Dollar’s price maintain to Rs 123.90 in open market, Economy big challenge for the next government

Dollar's price maintain to Rs 123.90 in open market

Dollar’s price maintain to Rs 123.90 in open market

Karachi … News Time

In the inter bank, the value of rupees was rupee in front of the dollar, while rupee lost the value of rupees in the local open currency market. According to the report of the Forex Association of Pakistan, the price of $ 123.90 in price and sales remained constant at Rs 124 in comparison to rupees in Interbank last day. While the dollar’s value in the local open currency market dropped 50 paise from which the price of the dollar was reduced from 123 rupees to 122.50 rupees and the price sales fell from Rs 124 to Rs 123.50. According to the Forex report, the value of Euro was recorded at a loss of Rs 1, which reduced Euro price by Rs 144.50 to 143.50 rupees. However, the price of British pounds was Rs 158.75 and the price sold for 162 rupees remained stable.

President of Pakistan businessman Forum and Karachi Industrial Alliance, senior vice chairperson of businessman panel and former provincial minister Mian Zahid Hussain has said Imran and Saudi Arabia ambassadors come to congratulate Imran Khan, the statement of Iran and the United States and the confidence of the President of Afghanistan by telephone of Afghanistan also welcomed Indian media, players and prominent artists, with the help of all neighboring neighbors in the future, there is a strong deal of deep links in the future. One day before the election in the open market, the dollar was Rs 130.65, which reached 122.50 today due to which not only the rupee was stable, the prices of many commodity declined and the external debt has decreased by about 600 billion rupees. Mian Zahid Hussain talked to the Business community that China’s $ 2 billion easiest and quick loan would make the government easier. However, looking at the country’s worst economic conditions and research of various institutions including the global rating agency MIDES IMF is a new feature for Pakistan. The weakness of Pakistan’s international trade, the reduction in export and the lack of reservoir reserves is a big problem; it is a great trial for the coming government of Pakistan Tehreek-e-Insaf, which has to be done as an assault and the nation hopes that the new government will come to the expectations of the public to get out of this trial. Mian Zahid Hussain said that the main reasons for Pakistan’s economic problems are the lack of facilities in the industrial sector, the weakness of government institutions, the law enforcement, the corruption, the increasing business costs and the tax base.

Pakistan is also facing the fall of the Federal Action Task Force (FATF) Gray List its future is very important to be resolved so that the investors’ psychological confidence is restored. It is imperative to overcome these reasons to overcome the country’s economic problems, for which the government will take immediate steps. The urgent steps to improve governance should be the priority of the coming government, without which dream of the improvement of the country’s economy can not be a shameful interpretation. If Pakistan had to move forward to the IMF’s next program, IMF will apply strict terms, the domestic economy will be deprived; the tax rate will have to increase further and a new wave of inflation will prove to be annoying for every class living in the country. GDP’s rate in the last fiscal year was 5.8% which was the highest in the past 13 years while GDP estimates have been 6.2 percent in the current financial year, but if the IMF is borrowed, due to the terms of its consequence, it will also be difficult to maintain 5.8 percent due to the financial crisis, therefore, appeal to Imran Khan from Pakistanis abroad so that exports can increase from overseas.

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