BHarwana
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This Govt has no clue how to run the economy in such time. They are habitual loan takers and then funding inflow of dollar with that loan. They don't have any macro or micro economic plan and if these idiots walk down that path they will only buy few months of breather and then collapse.Investor confidence shattered. Overseas Pakistanis started withdrawing money by selling their assets (including stocks).
That put a lot of pressure on Pakistani Rupee that was already under pressure due to rising import bill of oil.
Result is in front of us.
Now they are doing load shedding just to save some foreign exchange.. however little they know that the textile industry that was revived by the previous government and other energy dependent industries will stop production.. and may go out of business again.. That will then bring joblessness and result in chaos..
Only thing that mifta said correct in his recent statements is that Pakistan needs 37 billion $.
There is a way to bring that money into Pakistan but current Govt can't do it cause that Path requires moving away from US and EU