PAKISTANI RUPEE TO USD
The economy is going down the drain when considering 1 Dollar to 1 Pakistani Rupee. The economy is going bust. The IMF Loan seemed inevitable. But why is the Government delaying seeking the loan with its huge promises yet to be re-discovered, re-planned, and may be executed sometime? Especially with an under 3% growth in comparison to 5.8% as left by their successors, we are losing jobs if anything but creating new ones. This reported growth too is at the behest of the CPEC (China Pakistan Economic Corridor) and usual aids/soft loans from Saudi Arabia and the U.A.E. Do you think that Saudi Arabia can save Pakistan in the current economic crisis? No. They are already diversifying their investments in India. Some foreign direct investments (FDI) came in the pretense of CPEC in Pakistan including Arcelik (Turkey) buying Dawlance and FrieslandCampina (Netherlands) buying Engro Corporation. But this is exactly one of the major business problems faced by Pakistani Startups in 2022 as no foreign direct investments are coming to them.
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