{"id":58281,"date":"2024-12-05T19:34:31","date_gmt":"2024-12-05T14:34:31","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=58281"},"modified":"2024-12-05T19:34:31","modified_gmt":"2024-12-05T14:34:31","slug":"tax-firm-claims-rupee-should-be-rs-211-but-imf-prevents-it","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/tax-firm-claims-rupee-should-be-rs-211-but-imf-prevents-it\/","title":{"rendered":"Tax firm claims rupee\/$ should be Rs. 211 But IMF prevents it"},"content":{"rendered":"<p>ISLAMABAD: Tax advisory firm Tola Associates has claimed that the<a href=\"https:\/\/dailyausaf.com\/en\/business\/in-talks-with-pakistan-imf-calls-to-use-untapped-tax-sources-to-mobilise-revenue\/\"> International Monetary Fund<\/a>\u2019s (IMF) market-based <a href=\"https:\/\/dailyausaf.com\/en\/business\/pakistan-stock-exchange-hits-all-time-high-kse-100-index-soars-773-points\/\">exchange rate policy<\/a> has overvalued the US dollar against the Pakistani rupee by Rs. 67.<\/p>\n<p>As per the details, in a brief market review, the firm argued that without the IMF\u2019s restrictions, the rupee-dollar exchange rate would have been at Rs. 211.5 by October.<\/p>\n<p>The firm said that if the rupee had been worth Rs. 211.5, July-October inflation could have been reduced to 4.67 percent, interest rates would have been below 2 percent, and the government would have saved Rs. 6.4 trillion for economic growth.<\/p>\n<p>Tola Associates\u2019 estimates are based on average rupee-dollar values \u200b\u200bbetween fiscal years 2022-2024. Tola Associates says that without the IMF\u2019s conditions, the rupee would have been much lower than Rs. 278\/$ in 2023-24.<\/p>\n<p>The firm also suggested that if the rupee had been worth Rs. 211.5\/$, Pakistan could have saved Rs. 475 billion in debt repayments through lower interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Tax advisory firm Tola Associates has claimed that the International Monetary Fund\u2019s (IMF) market-based exchange rate policy has overvalued the US dollar against the Pakistani rupee by Rs. 67. As per the details, in a brief market review, the firm argued that without the IMF\u2019s restrictions, the rupee-dollar exchange rate would have been at [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":13619,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[443,1247,160],"class_list":["post-58281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-dollar","tag-international-monetary-fund","tag-imf"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/58281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=58281"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/58281\/revisions"}],"predecessor-version":[{"id":58282,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/58281\/revisions\/58282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/13619"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=58281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=58281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=58281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}