Business leaders believe that the government’s exchange rate policy has made Pakistani products less competitive in global markets at a time when regional economies have allowed their currencies to depreciate. Bilwani maintained that a more balanced exchange rate would enable exporters to increase foreign sales, generate higher revenues and reinvest profits into expanding industrial production. Economic analysts have also questioned the current exchange rate policy. Some noted that Pakistan’s Real Effective Exchange Rate (REER), a key indicator used to measure currency competitiveness, has risen to 106.4. They said expensive financing, combined with rising utility costs and an unfavourable exchange rate, has significantly reduced the competitiveness of Pakistan’s industrial sector.