Exchange rate management of Pakistan: Past, Present and Future

Key Note Speaker: Riaz Riazuddin

Moderator: Dr. Nadeem ul Haque
Knowledge Brief Presenters: Abdul Jalil and Hafsa Hina

 

Riaz Riazuddin is a former Deputy Governor of State Bank of Pakistan. He served as Acting Governor very briefly in 2017. He also worked as Chief Economic Adviser and Director of Research Department of SBP. He is the founding editor of the SBP Working Paper Series. He also co-authored the Financial Sector Assessment Reports of SBP.
Earlier, he has served as an Assistant Professor/Research Economist at the Applied Economics Research Centre, University of Karachi.
He is currently a Member of the Audit Oversight Board, and a Senior Partner at Inculcate – a small IT venture that recently introduced Math Practice Worksheets for the iOS platform.

The external sector plays a vital role in the long-run pattern of any country's macro economy-especially in developing countries. The absence of an external sector can put developing countries in the vicious circle of developing status. While the presence of it advocates for the assessment, “how good we are doing compared to the competing economies”. The exchange rate parity is considered as a reflection of this relative performance. Therefore, the understanding of history and exchange rate management is very vital. Therefore, the discussion on the overvalued exchange rate and the undervalued exchange rate is one of the heated topics in Asia countries.
In this backdrop, this webinar will be an attempt to serve three essential objectives:
First, a brief history of exchange rate management in Pakistan
Second, to assess the exchange rate performance and its impact on the economic activities of Pakistan.
Third, what is the way forward keeping the present scenario of the economy of Pakistan in view.