Authorities are dealing with public outrage and rallies calling for the government’s resignation ahead of IMF bailout talks.
Economy
Dar maintained that the rupee-dollar exchange rate will improve once Pakistan’s economy is steered in the right direction, citing the previous government’s “incompetence” as the prime reason behind the rupee’s record-breaking downward streak.
In 2017, then Prime Minister Nawaz Sharif launched the Islamabad Metro Bus Service project that was supposed to be functional in 2018.
Cumulatively at $ 23.0 billion, remittances grew by 7.1 percent during 9 months of FY22 compared with last year.
This attack was declared an attack on the “global oil economy” by the Houthis which further ignited hike in the global oil prices.
Spikes in food and energy prices were hitting low-income countries particularly hard, and they may need more grants and highly concessional financing. Countries should undertake reforms to improve debt transparency and strengthen debt management policies to reduce risks.
Tesla Motors CEO Elon Musk topped the list for the first time, while China (including Macau and Hong Kong) stayed second, with 607 billionaires worth a combined $2.3 trillion (almost Rs424 trillion).
Malik Bostan, President of Pakistan’s Forex Association, told that the country’s political stability was behind the rupee’s rise.