Pakistan’s Real Effective Exchange Rate (REER) increased by 0.42 percentage points to 102.17 in February 2024.
According to the latest monthly data released by the State Bank of Pakistan (SBP), the trend indicates a slight increase from 101.75 recorded in January 2024.
A REER above 100 indicates a loss in trade competitiveness with exports becoming more expensive and imports getting cheaper, while a REER below 100 means the country’s exports are competitive.
Pakistan’s current REER value of 102.17 suggests that exports offer poor returns.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
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Jurisdiction: Pakistan