Here's What Pakistanis Are Saying After The Rupee Became The Lowest Ranked Currency In The World

By Ather Ahmed | 14 Dec, 2017

While everyone is fixated with Bitcoin right now, our very own Pakistani Rupee seems to be going in the opposite direction.

The Pakistani Rupee fell to a record low as the Central Bank continues to loosen its controls over the currency. According to Bloomberg, the Rupee has been the worst performing currency across the world since last Friday and suffered losses for the past three days.

The Rupee hit a four year low as the State Bank devalued it in a bid to boost economic growth. Keeping the nitty gritty of our economy aside, the people were obviously had a lot to say.

 

Naturally, several Pakistanis were worried about the state of our economy in view of the Pakistani Rupee becoming the lowest ranked currency

 

Currently, the government is in talks with the IMF and the Central Bank has decided to devalue the currency even further

The main idea here, being to boost exports in a bid to lower the trade deficit in the economy. Many being of the opinion that devaluation at this point is a necessity.

 

A lot of people took this news as an opportunity to take shots at the Government

 

Renowned political personality, Asad Umar also joined in to criticize the government

 

His comments kind’a backfired as many decided to blame PTI’s dharnas for the nation’s economic turmoil

 

What do you guys think about this news? Let us know in the comment section below.

 


Cover image via: dnanews.com

Share This

More Recent Stories

Featured

Transform Your Kids’ Room with Ideas Home Summer Bedding Collection

10 Jul, 2024
Featured

Fresh N Joy Welcomes Mawra Hocane as The Brand Ambassador for Black Shine Shampoo

5 Jul, 2024
Featured

Itel launches Pakistan’s 1st certified IP68 extreme water and dust resistant smart watch

3 Jul, 2024
Featured

Mix and Match with Ideas Stunning Necklace Collection!

1 Jul, 2024
Featured

Exploring Men’s Ethnic Wear: Ideas Newest Collection a Timeless Fashion Statement

1 Jul, 2024
Featured

Pakistani Startup Teams Up with Top Global Agencies as Their Go-To Marketing Partner!

27 Jun, 2024