Rupee Depreciation.

Pakistan is facing a huge economic crisis due to currency depreciation which could become a worst-case scenario if not dealt with suitable economic policies. The devaluation of the Pakistani rupee in comparison to the US dollar is becoming an everlasting risk for Pakistan's economy, making the economy vulnerable. The ongoing situation is becoming a major cause of distress for the economy in terms of both micro and macro perspectives. What will be the consequences of PKR depreciation on the economy of Pakistan?

Currency depreciation is an unofficial increase in the exchange rates due to the demand and supply of currency. This happens when a country is following the floating exchange rate system. The exchange rate means the value of one currency for the purpose of conversion to another. The economic situation in Pakistan due to the rise of the US dollar is a matter of prime importance because the rupee depreciation against the dollar will have grave consequences. Nowadays, currency depreciation is one of the most prominent issues in Pakistan and it has always...