Sir: When it comes to the economy of Pakistan, instability is a constant. The weak currency of Pakistan is portraying the correct image of our economic downturn. The international value of the Pakistani Rupee and the position of Pakistan in the stock market is steadily declining.
The infrastructure of three out of four of our provinces also demands the attention of the government. It is clear that the taxes paid by the people are not being utilised to produce revenue. Weak currency is evidence that the people of Pakistan are producing good revenue but it is only the upper class which can take advantage of this. The International value of the Pakistani rupees is giving clear cut evidence; due to lack of usage of current resources economic downturn is visible.
Imports are becoming more and more expensive and those who are able are shifting their wealth to other countries because they are fully aware that the economy of Pakistan is heading towards the destruction. It is no wonder that the wealthy prefer other countries over Pakistan.
LAIBA NAVEED
Lahore
Published in Daily Times, December 22nd 2017.
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