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Pakistan’s REER improves to 99.85 points

by News Desk
July 24, 2021
in Business, Economy
Reading Time: 1 min read
REER
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Pakistan’s real effective exchange rate (REER) – the country’s cost of international trade – improved to 99.85 points on the index in June, making exports viable and imports expensive mainly due to depreciation in rupee against the basket of major trading partners’ currencies.

The real effective exchange rate below 100 means the country’s exports remain competitive and import expensive. The situation reverses when REER stands above 100 on the index, it was learnt.

“The improvement in real effective exchange rate would encourage exports from Pakistan and discourage unnecessary imports into the country,” Pak-Kuwait Investment Company (PKIC) Head of Research Samiullah Tariq said while talking to The Express Tribune.

Tags: currenciesDigtal bankingPak-Kuwaitreal effective exchange rateREER
News Desk

News Desk

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