Pakistan’s exporters are raising fresh alarm over the country’s managed exchange rate policy, arguing that an artificially stable rupee is discouraging exports and scaring away foreign investment even as the trade deficit balloons to record levels. The warning comes as the Pakistan managed exchange rate today continues to hold steady despite mounting pressure from business groups. Background For roughly the past year and a half, the State Bank of Pakistan has kept the dollar-rupee parity within a tightly managed band, with the rupee gradually appreciating against the US dollar rather…
Read MorePakistan Managed Exchange Rate Today: Exporters Warn Artificial Stability Is Hurting Investment
