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IMF’s Exchange Rate Policy: Is the Pakistani Rupee Overvalued by Rs. 67?

IMF’s Exchange Rate Policy: Is the Pakistani Rupee Overvalued by Rs. 67?

The International Monetary Fund's (IMF) market-based exchange rate policy has kept the US dollar significantly overvalued against the Pakistani rupee, claims Tola Associates, a leading tax advisory and consultancy firm. In its recent Economy Alert note, the firm revealed that without IMF-imposed conditions, the rupee's value would have averaged Rs. 211.5 to the dollar by…

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