Every citizen will be indirect or directly affected by the falling value of Pakistan’s economy and rupees
News Time
Pakistan’s economy has become a problem for every Pakistani because every Pakistani citizen will be indirect or directly affected. Especially low-income segment is the most affected by the economic situation. Surprisingly, the Pakistani economy is discussing various forms of globally. Argentine’s national assembly speaker expressed concerns about the Pakistani economy at the International Parliamentarian Union meeting in Geneva and said that it is not known how Pakistan will come from this situation. Our bad economic situation is creating a negative impact on Pakistan globally.
We have become so proud that every incoming government attributes the previous government to the worst economic situation and to accelerate the economy, hastily taken measures make the confidence of domestic and foreign investors. It is unfortunate that financial institutions such as Stock Exchange and State Bank have become politically their decisions are of political interest, the political social and financial situation of the country destroys the entire economy. Corruption is a major obstacle to the economic development path. The Government of our Accountability Institutes governs the time of the time, these institutions take over the account of accountability and political revenge, which results in distress. I do not hesitate to say that Governor State Bank, DGFIA, Chairman NAB, and Chief Justice of High Courts and the appointment of Chief Justice of the Supreme Court should be made from Parliament. Civil surveillance is also required to provide constitutional protection so that they can make merit decisions on no-pressure basis.
Constitutional Officers and Bureaucrats can take forward the national economy. At this time, Pakistan has an indefinite burden of domestic and foreign debt. Our economy is sinking under the burden of these loans. The current government is doing short-term economic conditions, but it does not take concrete steps to re-enter the economy again. You can also correct the economy, but you are spreading negative effects about it. The sudden reduction in the value of rupees is disturbed by the entire nation. The fall of the rupee has hit the economy. People have also suffered a lot of shock that the Prime Minister himself confessed that he did not know that the value of rupees has declined. He heard news on the TV’s declining value. As for the former Interior Minister, it is very difficult to believe me. This situation arises when both country’s economic systems and intelligence systems have been demolished and the Prime Minister could not even know that the value of rupees has been reduced, the nation wants to know whose order has been reduced to that extent in the value of rupees. The authority which has done this. Was there any check and balance system?
Another question whose government has to answer is, there is no consequence of any secret agreement between the government and the IMF, to the extent that the rupee value is reduced. Is this deal hidden from people? The impression of the common man is that the value of rupees can also be reduced on the instructions of IMF. IMF is imposing its own terms on Pakistan. Generally, the IMF currency deficit is increasing on the terms of increasing electricity and gas prices and increasing the rate of tax on Pakistan. The stock market has been badly affected by these economic stances. Investors’ confidence is being busted but the government has not taken any step to improve the situation. It seems that the recent decline in the value of rupees was one of the conditions of IMF. It is the condition of IMF to determine the value of rupees according to the market value in this situation, investment in Pakistan will decrease. The economic growth rate will decrease; unemployment in the country will increase, resulting in a political crisis in the country. It is estimated that the status of the dollar will reach the highest level if the value of such rupees will decrease. In this situation the entire nation is facing anxiety.
State Bank will be forced to investigate more notes in these situations, which will reduce the value of rupees even if it will increase inflation. The inflation will increase and the common man will suffer difficulties. In these situations the government will have to protect local business. It will be impossible to keep foreign exchange reserves at one level. It is expected that the Government will demonstrate intellectuals will be tried to increase imports to get rid of foreign debt, the government should give a loan refund to the government. Due to the next installment of the IMF, further increase in reservoir reserves will increase. The $ 3 billion Sakuk Bonds loan is already up to us.The economy is currently ranked 548. This requires further growth. Agricultural sector is needed to increase production and infrastructure. Our textile sector is almost frozen. Our demand for our clothes in the international market is falling; in these situations our economy needs a powerful version.
