Tax advisory firm Tola Associates claims the International Monetary Fund’s (IMF) market-based exchange rate policy has overvalued the US Dollar by Rs. 67 more against the Pakistani Rupee.
In a brief market review, the firm argued that without IMF restrictions, the rupee-dollar exchange rate would have been at Rs. 211.5 by October.
The firm said if the rupee had been valued at Rs. 211.5, inflation for July-October could have been reversed into a 4.67 percent deflation, lower interest rates below 2 percent, and saved the government Rs. 6.4 trillion for economic development.
Tola Associates’ estimates are based on average rupee-dollar values from fiscal years 2022-2024. Tola Associates contends that without IMF conditions, the rupee would have remained much lower than Rs. 278/$ in 2023-24.
The firm also suggested that had the rupee been valued at Rs. 211.5/$, Pakistan could have saved Rs. 475 billion in debt repayments through lower interest rates.
Kindly Correct the Title…It Should be “Dollar Should be” instead of “Rupee Should be”
Another clownish attempt to blame the IMF for our woes when the reality is that our inept rulers are the only culprits.
Asa Bhai tola you get Pakistan a loan of 131B USD at better terms and a longer time frame so we can reduce the dollar price
Excellent! The genius who calculated this is dumb and should ask for a refund from the school, college and University.
As a CFO of 4 international organization, I can assure you this is false as the state of Isreal.
Perhaps Pro Pakistani should do a through research before publishing.
Title is currect to read it after break