ziaulislam
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well, what it really means that govt will subsidize something that value is not waht its been selling atYea whatever it takes to protect rupee value in the global forex market.That,s what i meant.
in another words its like govt artifical keeping the value of a 110 rs item ar rs 100, net result, govt will loose billion of fdollars and will become ultimately bankrupt
its so unfortunate that govt under pressure of "parhay lekay jahil" awam of Pakistan does stupid things while actual world power use common sense, for example india and china did devaluation of its currency by 20% during same period but hey as mushi said "pakistan ka allah he hafiz hu"
the solution is to correct imports/exports, spend on education, health not artifically cook numbers or defend an undervalued rupee
so i will ask froma ll those "parhey likay jahil" if devaluation is such an evil act why was china doing it till now..? why did india did it?
of course you would say india is punny underdeveloped country(which is not true) but what about china?
its not devaluation is bad, it is was done sudddenly that is the issue that too under pressure of foreign organization, we are lucky to have IMF, it seems every right decision has to be forced on by foreign govt to save pakistan..i bet had their been no IMF we would have been crashed over econmy 10 times over
PS:
i expect some illogical reply..since that what "paray likhay jahil" do
the real reason for Pakistan suffering is this portion of population which i call "parahey likhay jahil" which by some odd reason/logic support "certified corrupt people" which vote for MQM but than cry about MQM too, which vote for "jiya bhutto" but than cry about sindh situation, which vote for mullahs but than ask why is terroism happening