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ToggleSilver Lining Pakistani Rupee Vs. Bangladesh Takka
Secularism is nothing but a philosophical point of view. Secularism is as biased as any other political and philosophical point of view. The idea a lot of people have about secularism is that it provides freedom of existence to everyone equally which is a false assumption. if you read on about its history, you would clearly see that it’s all about assimilation and that is it. It won’t make our economy better. If that were the case, Qatar won’t be stable today. The only way to boost our economy would be to:
A) educate the masses, women, AND men;
B) make better and educated economic policies;
C) have a local alternative for imported goods in the meanwhile.
Corruption in Bangladesh is at all levels but not the magnitude, scale, and greed as is here. However, they openly exhibit patriotism to the state, and anybody who criticizes the establishment does not mean they are necessarily a traitor. You still have to get them to exchange endorsed on your passport and generally use travelers squelches etc. Their patriotism is unique. Theirs do not necessitate the role of the Army or praising the army alone. Have you not seen them crying after losing the Asia Cup in a final with Pakistan. I am very sure there are amazing capable people in Bangladesh who would do a better job than Haseena and Co but look at where Pakistan is with its dynastic rulers so we can’t really be the ones to judge. Let’s change it.
Ever considered this, what will happen when:
- France EU stop aid and preferential import from PAK and caliph Erdogen or SAUDI oil sheiks shrink Paki jobs
- IMF loan repayment comes and we have to pay more in terms of Pak rupees
- China’s loan is in dollars and the Pak army’s main interest is China’s arms
- Paki elite invest and have safe havens in Dubai UK and USA, not China
The Pakistani rupee was gaining over the past three and a half years. It was a long-overdue correction that the incompetent govt was keeping it stable by taking fat loans. And now it’s repayment time. Armchair economists can only go and purchase dollars at the current rate if they are feeling so bullish about the dollar against the rupee. But once they start buying it, definitely the PKR will fall down because of the demand-supply chicken-egg situation. PKR will be more stressed after February when your repayment starts as demand for dollars will be very high. Hilale Pakistan awardee Biden resuming donation is the only solution.
What were the factors responsible for declining foreign direct investment (FDI) in Pakistan in 2020 before CORONA?
Pakistan received less FDI than even the Indian city of Delhi. The Government has not been up to the mark and its Finance Minister Mr. Asad Umar is wrongly frustrated over the results only he can deliver. The adviser to the PM on economic affairs, Mr. Abdul Razzaq Dawood is found to call Pakistan a failing state with all the limelight his Government tries to en-cash upon while begging in front of foreign investors.
What the hell? He is raising false flags. We think he should be sacked. Even JKT is found to have stated that we should seek an IMF loan; sooner no later. there is nobody but the IMF that is used to being the lender of the last resort -with the funds available for large loans to a country that needs dollars. No one else has experience or skill. No country can suddenly lend large amounts of money to another country – particularly without a project. China has figured out how to lend for projects.
But, no one has any experience to provide large amounts of cash to another country without any collateral. What good is collateral, anyhow? However, the Government, instead of negotiations with IMF, is found itself engaged in trivial matters such as change of name of BISP, auditing and inspecting human capital resources at PKLI instead of catching the real mafia culprits i.e. within.
1 Dollar in Pakistani Rupees
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