Pakistani exporters are voicing concerns that the country’s “managed” exchange rate is negatively impacting trade and deterring foreign investment. They argue the artificially maintained currency value makes exports less competitive in the international market, hindering growth. The exporters claim the persistent intervention by the State Bank of Pakistan to control the rupee’s value against the dollar is a key factor in declining export performance. This manipulation discourages foreign investors who seek currency stability and predictability. Representatives from various export sectors have urged the government to allow for a more market-determined exchange rate. They believe a more realistic rate would boost exports and attract vital foreign capital needed for economic stability and growth. The current policy is perceived as prioritizing debt repayment over fostering a competitive export environment.