Sunday, 16 June 2024, 03:42:39 pm

Analysts laud Caretaker Prime Minister’s direction to prepare strategy for establishment of integrated transit trade management system
January 01, 2024

Dr Noor Fatima (Economist)  Pakistan is situated at an important geo-graphical and geo-strategic location. Pakistan in the past overlooked the strength of the Afghan Transit Trade and we have suffered a lot due to it. In the recent past, the dollar hike and smuggling to Afghanistan is clear evidence of it. It is a very good development that directed the authorities concerned to immediately prepare a strategy for the establishment of an integrated transit trade management system. It will eliminate the uncertainty in the economic situation in the country. Both the countries need to engage in trade activities in accordance with international law. Due to the measures taken by the caretaker government, the dollar value has declined and the stock market is doing great.

Malik Bostan (President, Forex Association of Pakistan)  The actual dollar value at this point of time is PKR 250. Pakistan managed to bring down the dollar value from Rs. 330 to Rs. 280 and the target of another Rs. 30 will be achieved soon. The Pakistan rupee strengthened in the last few months as the civil and military leadership has taken strong actions against power theft, hoardings and smuggling. The stock market is at its peak and GDP has also increased. We are hopeful that after the peaceful general elections going to be held next month, the economy of Pakistan will stabilize further. The nation must stand united and vote for the right and stand against the elements involved in efforts to destabilize Pakistan.