The Economic Way Forward

Abstract

In normal circumstances, neither taking debt, nor artificially stabilizing the rupee against dollar is bad. However, pumping the borrowed dollars in open market to stabilize rupee was a bad choice. In the last four years, GDP growth improved from 3.68 per cent in 2012-13 to 5.28 per cent in 2016-17; Inflation was reduced from 7.36 per cent to 4.16 percent; FBR revenues increased from Rs 1964.4 billion to Rs 3367.9 billion.