rupee value Archives - Energy Update

Value of PKR

October 28, 2023October 28, 2023 Admin

There have been unusual developments in the value of the rupee (PKR) during the last seven weeks. From a trend in the form of a declining value with respect to the US$, there has been an unanticipated reversal in this trend. During the month of September and up to the middle of October the rupee has actually gained in value by almost 14% in the open market. Simultaneously, the inter-bank exchange rate has improved by over 8%. The appreciation in the value of the rupee has been taking place at…

The Impact of Rupee Devaluation on Pakistan’s Energy Sector

July 25, 2023July 26, 2023 Admin

By Mustafa tahir Introduction:Pakistan, like many developing nations, heavily relies on its energy sector to fuel economic growth and meet the demands of its rapidly growing population. However, the country has faced numerous challenges in maintaining a stable economy, one of which is the fluctuation of its national currency, the Pakistani Rupee (PKR). This blog will delve into the consequences of rupee devaluation on Pakistan’s energy sector and explore the various implications it has on the nation’s energy landscape. Increased Cost of Energy Imports:Rupee devaluation results in a weakened currency,…