{SOARING DOLLAR DAY BY DAY}

The soaring US dollar exchange rate in Pakistan has taken everyone by surprise, and there are no better words. But before you wrestle with your colleagues at the office or your workout buddies at the gym, remember that there are several factors behind the rise in the value of the Pakistani dollar against his rupee. Increasing imports, declining remittances, and above all, agreements on  terms set by the International Monetary Fund (IMF) are constantly devaluing  local currencies against the dollar. Was the dollar always over PKR 150 in Pakistan? Of course not. Over the last 20 years, the Pakistani market has witnessed a steady rise in the dollar rate. Consider the chart below, which shows a gradual but significant increase in the value of the dollar  since 2000. Pakistan dollar rate has risen since 2000 The US dollar is one of the world's best performing currencies. It is a global currency  used in international trade between Pakistan and the rest of the world. Over the past two decades, the dollar has appreciated significantly against the Pakistani rupee. A rising dollar rate contributes significantly to inflation. From gasoline and medicines to legumes and books, the economy relies heavily on inevitable imports. Every year, the value of imports exceeds the multiple of export earnings, leading to a shortage of dollars in the domestic market. The exchange rate continues to appreciate, fueling import-related inflation.  Prices of commonly used consumer goods rose 21.3% year-on-year in June, mainly against the backdrop of expensive fuel and food items. So are there any home-made hacks that ordinary people can use to minimize the impact of strong exchange rate movements? Efficient use of electrical appliances and mitigating the effects of exchange rate inflation.  He discouraged people from keeping  savings in dollars or even gold as a hedge against inflation. There have been  years when inflation outpaced the rise in the dollar and gold prices. For example, during the 2000s under General Musharraf, the dollar  moved little for a variety of reasons. Similarly, equity investors haven't made as much money as they have  in the last six years. Shares are undervalued, so the stock market needs a large influx of liquidity, he said. The bond fund offers a yield of around 15%, which could be a good hedge against inflation, he added. In an interview with. But I have to say that  our overall approach is flawed. We are too focused on reducing consumption on an individual level. Instead, we need to focus single-mindedly on reducing fuel and electricity consumption at the national level  and raising the price of gasoline on a daily basis. But day by day petrol rate increase due to Dollar, in Pakistan have plenty of poverty due to inflation, poor is dying due to inflation. Economy is going to down day by day, now current gold rate is that, 134000, it's totally depended upon dollar, government are doing conspiracy with the people. They are increasing tax, and the system will finish, due to inflation.