This shouldn’t come off as a surprise but it’s still quite alarming. Just look at what Arshad Sharif – the renowned journalist who exposed Nawaz Sharifs London properties and deeds – has to say.
Rupee sliding down….
Stock Market volumes hit seven year lows.
Inflation on the rise
Poverty, unemployment increasing.
Chaos to hit the streets due to economic mismanagement in a few months. pic.twitter.com/oyOW1akbXF
— Arshad Sharif (@arsched) May 11, 2019
There’s a lot of uncertainty in the open market and dollar is already trading at an all time high, hinting at incoming devaluation of rupees further.
It wouldn’t be a bad idea to hoard dollars or hold on to your money in other countries for a little while until the rupees depreciates to its value that IMF wants Pakistan to devalue to.
Just don’t let anyone know about it since it has become a crime in Naya Pakistan to hold on to dollars and save yourself from the devaluation of rupees – Thanks Imran Khan and Naya Pakistan.
– Imran Khan at a protest against inflation in his opposition days.