Pakistani Rupee: Imran Khan settled cheaply but Shahbaz Sharif’s condition like that of Rajapaksa, public can be provoked by battered rupee in front of dollar

New Delhi:Pakistan Rupee and US Dollar have such a situation that both of them run after seeing each other. Dollar moves up while Pakistani rupee moves down. The situation of Pakistani currency is currently in its worst phase. Against the dollar, it has crossed 200 Pakistani rupees per dollar. On Friday, it closed 0.08 percent lower at 200.14 Pakistani rupees per dollar in Karachi. The Central Bank of Pakistan has given this information on its website. At the same time, the foreign exchange reserves of this country are left only for import of less than two months. With this, the economic condition of Pakistan, which is burdened with huge debt, has become more pathetic.

Pakistan’s new PM Shahbaz Sharif has inherited a bad economy. Despite this, they are not able to take tough decisions to improve the situation. Imran Khan has been absolved of this responsibility, but Shahbaz is trapped. His position has become like that of Rajapaksa. They may have to face the huge public outcry at any time.

more fall will come
If the volatility does not ease, then the Pakistani rupee may go towards the level of 210 against the dollar. According to Samiullah Tariq, Head of Research, Pakistan Kuwait Investment Company, if the uncertainty is not resolved, then the Pakistani rupee may fall to $ 210 per dollar. At the same time, Pakistan’s benchmark KSE-100 index has been falling continuously for the last five weeks.

Pakistani rupee falling for 13 months
The Pakistani rupee has been going down against the dollar since last 13 months. Imran Khan was removed on 10 April by bringing a no-confidence motion. At that time the Pakistani rupee was at 182.93 against the dollar. Since then it has declined by more than 7 percent. Experts believe that till the subsidy given on oil and electricity in Pakistan is not stopped, then the Pakistani rupee will continue to fall.
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If the IMF helps, the situation will get better
Experts say that until the IMF does not provide one billion dollars, the pressure on the Pakistani rupee will remain. Pakistan’s policy makers are currently in talks with the International Monetary Fund (IMF) to start a stalled loan program. However, the condition of the IMF is that Pakistan should end subsidies and improve tax collection.

Imran’s party will march till Islamabad
High prices of petrol and diesel are the biggest trouble in front of Pakistan’s Prime Minister Shahbaz Sharif at the moment. At the same time, the inflation rate has reached 13 percent. This has caused great resentment among the people of Pakistan. Former Prime Minister Imran Khan has even threatened protests with a demand for early elections. The former Prime Minister of Pakistan lost power, but now there are big and dark clouds of crisis in front of Shahbaz Sharif. They have inherited a bad economy. Despite this, the Shahbaz government is not able to take tough decisions. Experts believe that not much time can be spent on debt alone, Pakistan government will have to take tough steps like ending subsidy sooner or later. At the same time, Imran Khan is preparing for a big protest. They have said that they are going to announce the possible dates for the long march to Islamabad next week.