Summary The loss has doubled compared to last year
KARACHI (Dunya News) – According to the State Bank, margin between foreign payments and recovery has increased more than five billion dollars between July and October of 2017. The margin, in the previous budget year, stood at 2.2 billion dollars which has doubled ever since.
According to expert economists, huge amount of import and lessened export is the main cause for the margin in foreign payments and recovery and the heavy load of foreign payments is causing the national forex resources to fall.
The economists hold that already the national forex resources have reduced by four billion dollars and continuation of such faulty import export policies will cause the Rupee to stumble before the Dollar.
