Slide of Pakistani Rupee against USD continues

A brief recent history Seven months ago when so called Pakistan Democratic Movement (PDM) took over, after ousting the former Prime Minister Imran Khan, the Pakistani Rupee stood at Rs. 178 against US Dollar. It was even stronger before the news of planning to oust Imran Khan and the political instability the news caused. You can say it was resting at Rs. 168 against USD. Later on after PDM, the thirteen party alliance, took over the country, for few days Rupee started getting stronger and touched 172 from 178 previously, as PDM had made lots of promises to revive the economy and take solid steps to deal with inflation. But later on when people realized that Pakistan Muslim League Nawaz […]

Pakistani Rupee fell 66% in last 5 years of people’s party in government

In last few years Pakistani Rupee (PKR) lost its strength more than ever. Never before rupee fallen so much over such a short period of time. This all shows how much grip Pakistan Peoples Party (PPP) had over the economy. In simple words absolutely none. Rupee’s worth against US Dollar (USD) was 60 Rupees against one USD 5 years ago but now as PPP ruled and left, rupee fallen to 100 rupees against one USD. Not only this also over the last 5 years foreign investors only pulled out, Pakistan does not seen any new investment cumming in. Stock exchanges only seen downturn all the time making the lots of investors lose their faith in investing into the shares. Let […]

Pakistani Rupee hits record low against US dollar once again

From few days daily Rupee is in pressure again US dollar and other stable currencies of the world. Rupee today again traded at record all time low of  90.48 against US dollar. This is the true depiction of weakening economy of Pakistan. Pakistan have now few outstanding payments of Oil bills, also increasing loan pressures are making things worse. Deteriorating currency for people mean that they will now have to pay more for their oil and all other bills as everything is imported, so as money weakens the prices of fuel go up, so does the inflation. This is all due to the defective policies of current government as they have been able come up with circumstances and opportunities to […]