Nothing will be stable man , pakistan is in a debt trap. We pay like 12 billion dollars each year to pay back loans plus interest and for paying that we have to take more loans. In the last 3 and have a half years pakistan has paid back 33 billion dollars , imagine this with a country with a total export of 25 billion dollars.
Our contracts with independent power producers further burden our economy , the terms are such that we are always in a circular debt. So mant thermal power plants and very few hydel power plants mean we have to import the fuel. Palm oil is imported which is also a big number on import bills.
During covid-19 commodity prices increased a lot and shipping prices increased six folds and now russia ukraine war is not helping in that aspect either. For a poor country like pakistan which depends mostly on imports its very hard to keep the dollar rate stable unless you are burning your reserves for doing that. The lack of technological advanvce isnt helping as we imporr every other thing from china which we should not only be locally manufacturing but also exporting.
