2011- Taka is 67.5 against dollar. Banglaesh kept Taka 78 against dollar for 5 (2013- 2017) years and focused on structual issue not on lillpops that Market base will automatically increase Pakistan export and we will be next south Korea by devaluation.
It is the structural issue, which neither 3 government tried to fixed or care.
No matter how we devalue PKR in return people will run to buy dollar and it create more panic and we will save reserve in fact we will have to use more than anything as FDI will be in outflows, negative investment as Shaukat Tarin blamed Reza Baqir for that, Speculations attack, worse setiments and PSX crash totally.
By sitting let market do what they like has never worked in any part of the world like Imran Khan thought just he thought our players will be like Indian team ,in fact, out team become worse than Zimbabwe team by letting institution work independently.
Bangladesh State Bank is not Independent
India State Bank is not Independent
Malaysia State Bank is not Independent
Thailand State Bank is not Independent
Nepal State Bank is not Independent
Do not ever really on automation and devaluation will automatically increase export and decrease imports and Pakistan it self now a case study on that.