Will Pakistan’s Rupee Fall Below 266/USD Before 2026?

Amid a 15% annual rupee depreciation, ISI officers are now directing the State Bank’s forex team – an unprecedented military-economic intervention. Critical factors: Military Pressure: ISI demands "emergency measures" to halt capital flight after reserves dropped to $8.9B (1.5 months of imports). IMF Warnings: Delayed tax reforms and energy subsidies breach Pakistan’s $7B bailout terms, risking suspended funding. Market Panic: Currency dealers report "artificial stabilization" via hidden capital controls, but fundamentals remain dire. *Admin resolves via SBP’s monthly average exchange rate; YES = rupee averages ≥266/USD in any month before 2026*. 🔍 Sources: https://www.bloomberg.com/news/articles/2025-07-24/pakistan-army-intelligence-officer-meets-fx-body-as-rupee-falls ✅ Options: YES (Rupee breaches 100/USD) NO (Stays below 100)