Flying high
June 19, 2022
The current government is facing a big problem of the rise of the US dollar. Ever since the PDM came to power, the dollar rate has increased by almost Rs20 against the Pakistani rupee. Some economists believe that the turning point of this increase was the day when the vote of no-confidence was tabled against the former PM.
The current government has made some efforts by increasing fuel prices and introducing new taxes to revive the IMF programme and stabilize the dollar, but there has not been a significant improvement. The dollar is still touching the sky and currently trading at Rs211. If the situation continues like this, we might witness a Sri Lanka-like situation.
Tariq Laghari
Khairpur Mir
-
Leonardo DiCaprio's Co-star Reflects On His Viral Moment At Golden Globes -
SpaceX Pivots From Mars Plans To Prioritize 2027 Moon Landing -
J. Cole Brings Back Old-school CD Sales For 'The Fall-Off' Release -
King Charles Still Cares About Meghan Markle -
GTA 6 Built By Hand, Street By Street, Rockstar Confirms Ahead Of Launch -
Funeral Home Owner Sentenced To 40 Years For Selling Corpses, Faking Ashes -
Why Is Thor Portrayed Differently In Marvel Movies? -
Dutch Seismologist Hints At 'surprise’ Quake In Coming Days -
Australia’s Liberal-National Coalition Reunites After Brief Split Over Hate Laws -
DC Director Gives Hopeful Message As Questions Raised Over 'Blue Beetle's Future -
King Charles New Plans For Andrew In Norfolk Exposed -
What You Need To Know About Ischemic Stroke -
Shocking Reason Behind Type 2 Diabetes Revealed By Scientists -
SpaceX Cleared For NASA Crew-12 Launch After Falcon 9 Review -
Meghan Markle Gives Old Hollywood Vibes In New Photos At Glitzy Event -
Simple 'finger Test' Unveils Lung Cancer Diagnosis