Ishaq Dar lands back in Pakistan and Pakistani Rupee gains value

Yesterday, on Nur Khan air base Ishaq Dar landed back in country after five years. He came back in Pakistan after five years. He came back in plane of Prime Minister Shahbaz Sharif after it was decided in London by Sharifs that current finance minister Miftah Ismail will be replace with Ishaq Dar. As country passes through unprecedented circumstances, some created by unprecedented flood and some through the political instability created after alliance called Pakistan Democratic Movement (PDM) took over the government forcefully, with allegedly some foreign forces involved. Many people are hoping that Dar will be able to at least do better than our former finance minister. As, he was widely criticized by both senior leadership of Pakistan Muslim […]

Declining Pakistani Rupee and its Affect on Foreign Depts Pakistan have

All the good things which Pakistan Muslim League – Nawaz (PML-N) claims to have done, they would have keep tabs on the declining Pakistani Rupee. It is a fact that Pakistani rupee was not stable even before PML-N’s era but as soon as PML-N came into power, the depreciation kept going on and even accelerated at moments. Normally when this happens, if state bank of Pakistan intervene and put out some US Dollars in the Market against Pakistani currency things settle down. But in this case first no move was came from State Bank of Pakistan (SBP). Later on they did came in with a move to control the value of depreciating Pakistani Currency but that long due move came […]