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 Opinions click here. LESCO to start net metering connections from next month: CEO  Key for peace in world lies in strong, stable Afghanistan: Governor Punjab ATM opened at P&D Complex In the last three months, those at the echelons of power are putting the blame of domestic inflation on the surge in international oil prices in the wake of the pandemic. However, there is little truth to it. This crisis, like so many of the past, is based on structural deficiencies present in the economic system of the country. The economic model of Pakistan is neither self-sustainable nor has the … Continue reading Pakistan’s Economic Woes: Depreciation of Rupee