Inflation in Pakistan continues to rise day by day, and it seems unlikely to slow down anytime soon.
In Pakistan, the value of the US dollar directly impacts inflation. You might be surprised to know how much the dollar has been worth in the past.
When Pakistan came into existence, one US dollar was valued at 3.31 rupees. Over time, due to economic changes, inflation, and currency policies, the exchange rate has fluctuated significantly.
Notably, by the end of the last business week, the Pakistani rupee improved by 25 paisas, reaching 278.90 per dollar. However, last year, the dollar surpassed 300 rupees against the Pakistani rupee.
At the time of independence, Pakistan’s economy was relatively small, and inflation was under control. The Pakistani rupee was initially pegged to the British pound, which helped maintain its stability.
