In a situation of uncertainty, the value of the rupee can decrease; theFinance Minister has expressed concern.Finance Minister Dr. Shamsad Akhtar,in a briefing during a Senate Committee meeting on finance, expressedconcern that due to the uncertain situation in the country, the value ofthe rupee could decline.
According to details, in the past two years, there has been anunprecedented increase in national debts. Currently, the country’s externaldebt has risen from 37% to 42%, and the government is attempting to reducedebts through exchange rate adjustments.
The exchange rate is also being closely monitored, and although there is anincrease in the value of the rupee, the current uncertainty could onceagain be a cause for its depreciation.
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They further mentioned that the worst floods and the Ukraine conflict havegreatly harmed our economy. When we took over the government, the countrywas facing historical inflation rates of up to 38%. Now, the good news isthat inflation has started to decrease, with 10 lakh people falling belowthe poverty line in 2023, and the unemployment rate reaching 10%.
