IMF Conditions Keep Dollar Overvalued, Fueling Inflation in Pakistan

ISLAMABAD: A market-based exchange rate policy imposed by the International Monetary Fund (IMF) over the past two years has kept the US dollar significantly overvalued against the Pakistani rupee, according to a report by Tola Associates, a tax advisory firm. This overvaluation, estimated at 24% or Rs67 above its real value, has exacerbated inflation and […]