You know what upsets me:-
1) the PTI had already free floated the rupee and it was stable at 170-
2) it went down under Miftah to 220 because Miftah understood that you cannot control prices like Dar wants to
3) even though I am pro-PTI like an idiot I kept insisting that Miftah was doing only what was necessary- yes that nobody trusted the PDM in overseas and the remittances would go down but that the other things were right
4) intact Miftah brought primary CAD down to half a billion dollars a month (even with the loss in remittances post PDM change)
5) then like an idiot we kept shouting that Dar shouldn’t control the rate. He did anyways. Noonie brigade was so happy for Dar to come but he made situation worse by trying to decrease the rate.
6) controlling rate lead to further decrease in exports and remittances - in addition imf told him w.t.f.
7) the increase in rate right now from having stabilized at 220 to ~255 is totally due to Dar. It’s his pea sized intellect that’s responsible for this stupidity
8) what has the establishment done right in the last 8-9 months? If anyone know, please reply here