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  January 05, 2017

Detail

 


Our Real Economic Position


The federal Government is announcing on daily basis that our economy is on the path of progress and prosperity, but all the major indicators are pointing in the opposite direction. According to the recent statement issued by state bank of Pakistan the account deficit is widened by 91 percent in July November period to $ 2.601 billion. The traditional sources of foreign exchange reserves like foreign direct investment, remittances and exports are decreasing. Foreign direct investment fell 45 percent (DAWN). The foreign exchange reserves are above $23 billion, but the shortage of inflow effects the exchange rate. The value of dollar crossed rupee 108 in the open market.State bank of Pakistan is trying to keep the value of dollar at $105 in the interbank market and failed due to the low supply of dollar in the market.


M. Waseem Uddin
Chitral


 

 

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