KARACHI :.Jan 26,2023: With uncapping , US dollar jumped up to Rs 260 in interbank and Rs 262. 50 in open market on Thursday respectively, leaving the rupee in black hole and so to Pakistan.
Such a big jump in US dollar value has literally dumped the local currency . This big gain of US dollar shows how the local currency was weakening with each passing day and how much risk was being faced by Pakistan of economic colllapse.
Pakistan is in serious danger of economic collapse which may ultimately risk very survival of Pakistan .
US dollar ride on the local currency also proves how badly Shahbaz Sharif led coalition government has failed in the last 10 months. It also established that the Shahbaz government was continuously bluffing the public on economic condition of Pakistan.
The Shahbaz led government had taken over in April last year on the pretext that its going to save Pakistan’s economy which has been devastated by incompetent economic team of Imran Khan .
Since April last year , Pakistan Democratic Movement (PDM) government has taken a number of such decision which has turned the people lives into a hell literally . Each time , prime minister, Shahbaz Sharif, assured the people who were under killing inflation that tough decisions taken by his governemt were inevitable to save Pakistan from a risk of default . The people thought the PDM government was comprised of experienced team and it would ultimately overcome Pakistan’s economic crisis and bring good days in their lives.
After 10 months’ rule of this “experienced” government Pakistan today stands devastated and no one other is responsible of Pakistan’s destruction , but Shahbaz Sharif and his over 80- member cabinet.
His masters who got Shahbaz Sharif installed Shahbaz Sharif government are also equally responsible of Pakistan’s unparalleled destruction.
Today Pakistan’s forex reserves are slightly over $ 4 billion and its to pay $ 6 billion on loans payment. Is this equation simple and easy to understand for those who threw Imran Khan out of power in love of imposing the rule of NAB infected Sharifs and their cronies
Those who brought Shahbaz Sharif and his 80-member cabinet led government are also responsible for Pakistan’s economic meltdown.
Today each segment of Pakistan’s society is wailing over unbearable price hike and 220 poor people of this unfortunate country do not see any outlet from current hell like situation .
Will any one ask from Shahbaz Sharif and Company as if they have left any opportunity to avert Pakistan’s imminent economc collapse?
Will anyone dare to question the facilitators of Shahbaz Sharif and his corrupt company why they imposed this corrupt janta on the nation if they had no option to stop Pakistan’s economic downfall.
Uncapping of US dollar and free fall of the local currency have exposed Shahbaz Sharif and his 80 -member long cabinet and established that the current government was least interested in saving Pakistan from an imminent economic collapse.