Gold price is now at highest level in the market. New price of Gold is reached to 81 thousand 500 Rupees per 10 grams. This is the highest & worst price of history in Pakistan ever.
On the other side, US $ was sold out by Pak Rupees 160 at open market this morning and interbank rate has been Rs 161. Its very crucial time for the people of Pakistan. Especially such types of fluctuation are risky for any kind of business.
Political stability is another question mark for the PTI government? Economy is at worst level, opposition is busy in points scoring. There is a talk on NRO issue in every bench of politics. How to get out of this vicious circle? How to stable the value of Pak rupee?
We need serious and immediate actions to bring the value of rupee back to normal condition. Otherwise the burden of debts will be more than the current figure. Our exports will be affected a lot because production process in factories is not very encouraging at the moment due to the devaluation of rupee. Cost of inputs has risen, resulting in low production unites.