Sir: The new government has been in place for about two months now, and yet there seem to be more setbacks than successes for them to boast of, to date. While it is true that it is still early to truly judge the PTI government in charge, the early signs have not been positive.
This past week the country received some more bad news when it emerged that the dollar had gained in value once again since the start of the year, with this rise growing after the recent elections. Since Imran Khan came to power, the dollar has risen by 8.2 percent in value, amid confusion over the indecisive governance of the new administration. In monetary terms, the dollar increased by over 11.20Rs in the open market and about 10.28 in the interbank market, and this does not bode well for Pakistan’s already struggling economy.
It is high time that the PTI presents the public with constructive steps that they plan on taking in the future to help the country’s economy get back on its feet. The proposed approach to the IMF also seems to have hit a snag, and the markets seem to be reacting negatively as a result. Hopefully there is respite soon enough.
MUSTAFA HASSAN
Lahore
Published in Daily Times, October 18th 2018.
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