The Pakistan Business Council and Intellectual Forum has expressed hopethat the value of the Rupee may increase, and the Dollar may decrease by 50Rupees in the country if there is political stability. According to theofficial statement from the Pakistan Business Council and IntellectualForum, the current economic situation calls for a strong economicconsensus.
President PBIIF, Mian Zahid Hussain, has emphasized the importance of allpolitical parties coming on the same page, stating that if politicalstability is achieved, the value of the Dollar could decrease by 50 Rupees.
In the country’s history, most treasury ministers, instead of rectifyingthe economic turmoil, have inflicted irreparable damage to the economy intheir attempts to prove themselves. Treasury ministers have remained busyin creating disturbances and artificial growth rather than increasingexports, tax-to-GDP ratio, and foreign investment. This has led to thefrustration of the IMF and other international organizations with Pakistan.
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After signing an agreement with the IMF, we went against the agreement byreducing the prices of petrol and electricity, which further worsened thesituation. Mian Zahid Hussain, during discussions with the businesscommunity, stated that even in these circumstances, if the country achievespolitical stability and serious measures are taken to boost exports, thevalue of the Dollar could decrease by up to 50 Rupees, as some globalexperts suggest that the Pakistani Rupee is currently undervalued byfourteen percent.