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If you are export based country than it's good but if you are import based country than it's too bad, Sir.
You have to just need to go thru basis economy fundamental for country.
Esa na kaho some one wil make you patwari for criticising pti gov.Sir whatever they are doing they are killing middle
Class wiping out lower middle class. Every Pakistani has lost 1/3rd of his her savings
in last 10 11 months how can one defende this
There is a reason for this.....poor people (middle class) can afford little or no luxury so if imports become higher these people forgo those desire, but the rich don't they lose their buying power and hence they extract that buying power from the poor. There is recent article reflect that there has been a decrease in wages in real terms. employees make money while upper management bathe in bonuses, which they supplement by seeking subsides. For Imran Khan to make it equitable he needs to address this issue. We need land reforms which are a direct way of empowering the poor. Make cooperative landownerships and educate the real farmer and not the landowner. This would improve the lives of poor drastically and would not require much subsides as the poor will not be seek an artificially hiked rate of return.It's a myth sir prices of everything increases
accordingly from mobile phones to motorcycles
And from powdered milk to biscuits.
they are cheaper but the revenue is price x quantity as the price goes down the quantity goes up this is a fundamental concept the rest depends on product differentiation and consequently elasticity. how can competitor earn more if you sell cheaper you increase your market share or you force the competitor to reduce prices. This is fundamental to how monopolies are made in a non-differentiate market. Before you type maybe it is better to think from where will the government get the money to prop up the rupee. you want the government to to take a loan and transfer it to you so you can do namaz and tesbeeh in comfort? and then rant about how soud is haram and the system is rigged. Forget foreign reserves, we have high public borrowings and nothing to show for it. We invested in nothing but greed so we ate our future and the future of coming generations for our comfort today. This is what we got from the previous governments read it and weep so maybe you'll have some shame and think about changing the present.
No sir their prices also increase accordingly
That scenario works if domestic manufacturing and exports actually increase. It's a two-way beating for the common people if exports aren't increasing and at the same time currency value also depreciating.Yes and to become export based country you have to swallow the bitter pill. This will make imports expensive and make the companies shift production domestically and will also boost jobs. There is limit to taxes because of wto so if we are going to sign fta than devaluing is good for the economy.
if we do not depreciate how are we to pay back the previous government loans? We don't have the foreign reserves to matchEsa na kaho some one wil make you patwari for criticising pti gov.
Just sey all is good all is good.
Ab tabdeeli k mazey lo kyu hum logo ney hi usey vote diya hey.
That scenario works if domestic manufacturing and exports actually increase. It's a two-way beating for the common people if exports aren't increasing and at the same time currency value also depreciating.
And to increase the exports a lot of factors are involved, not just the currency valuation.