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…
The cost of sugar has been a focal point of discussion in Pakistan over the past year, as it has affected millions of households. However, recent reports show a much-needed reduction in sugar prices, sparking hope among the public. Here’s a breakdown of the reasons behind this reduction, the facts surrounding it, predictions for the…