Birdwatch Note Rating
2024-01-24 11:49:21 UTC - NOT_HELPFUL
Rated by Participant: 487DB70B1B818814B305CCFE63A7178F09B588571ACCCB77172B5DDA6CA8702E
Participant Details
Original Note:
Misleading: Although economic growth during the PMLN govt was high, it was unsustainable and artificially caused by maintaining an overvalued exchange rate, as the then govt had injected $7 billion (while borrowing from the IMF) into the exchange market. https://www.bloomberg.com/news/articles/2015-11-06/imf-says-pakistan-rupee-needs-5-20-drop-to-align-with-reality https://www.reuters.com/world/asia-pacific/pakistan-finance-minister-known-propping-up-rupee-earlier-stints-2022-09-28/ https://tribune.com.pk/story/1691123/govt-injected-7b-keep-rupee-overvalued-recent-years https://www.dawn.com/news/1712406 https://www.brecorder.com/news/40222590 https://profit.pakistantoday.com.pk/2018/04/21/govt-spent-7-billion-to-keep-rupee-overvalued-against-the-u-s-dollar/
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