Devaluation - before and after. (Pakistani rupee)

From: Economic Review | Date: January 1, 1996| Author: Asad, S. Hasan | Copyright information

Devaluation is like "lollipop" or "aspro" for short-term relief. In the long run, reliance on large exportable surplus, higher productivity, superior quality, design and make and aggressive overseas marketing are some of the goals worth attempting. Devaluation cannot be a substitute for these strategies.

The devaluation of October 28 is the most momentous economic event of outgoing year 1995. This paper here points out the merits and demerits of devaluation and why it was ne...

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