Rupee Devaluation: How to Curb?

Dollar's flight is most discussed topic in Pakistan. People suggesting each other of how can general public contribute to give dollar's flight a stop, because, to be realistic our businesses and their progress depend on dollar.

While on one hand, general public has taken dollars rise on themselves, new PTI government in Pakistan has also put it on people to bear the suffering with no adequate policy, as they say "Painful and tough times ahead."

While government can solve structural problems of economy to stop rupee devaluation and effective economic growth, nationals believes their contribution is also important.

The Social media is filled with suggestions of how to stop devaluation, we evaluate them here:

1. Many videos show burning of dollars by some individuals, whether dollars are fake or real is a different debate, but for sure it would incite few to follow the same path. This is going to do no good instead it hurts further (you leave few dollars to be converted.)

2. Avoid currency exchange companies as they are involved in money hoarding and black mailing, also if they immediately sell to person who needs to make urgent payment or take dollars outside the country it does no good to Pakistan.

3. Convert dollars to rupees from banks, preferably, from state bank or national banks, but any banks will do.

4.If not converting dollar to rupee at least it must be kept in foreign currency accounts of banks instead of at homes as state bank has access to the reserves of all banks.

But then government policy is key as previous news are not so exciting, 

"(News) The Nation 6 July 2018"

Actions like above were devastating for people, such as freelancers and exporters, so government policy will be key for public's confidence.

Rupee gaining strength is a long road ahead, but there is some bright news:

"(News) 23 May 2019"