The headline of every news channel these days revolve around the economic crisis that Pakistan is facing. The rupee has lost 15% of its value against the dollar, the current account deficit crossed $5bn, and has reached 4.7% of the GDP. Moreover, foreign exchange reserves keep touching new lows and have now gone down to $16.25bn, after failed talks between the government and international donor agencies. As a result, inflation has skyrocketed in the past few months and the population living below the poverty line has only increased; making it difficult for many Pakistanis to barely survive. For more such … Continue reading Pakistan’s Economic Woes: Depreciation of Rupee