News
A Hat-Trick on the U.S. Dollar: Well Done, COAS Pakistan
In a move that has sent shockwaves of optimism through Pakistan, COAS, Mr. Asim Munir, announced a 100 billion USD investment from Saudi Arabia, UAE, and Kuwait, impacting the US Dollar to PKR exchange rate dramatically. This article discusses the immediate effects of this announcement and makes a plea to Mr. Asim Munir to continue efforts for stabilizing the economy, especially in the face of self-centered political machinations.
Hats Off to COAS Asim Munir
Kudos to Pakistan’s Chief of Army Staff (COAS), Mr. Asim Munir, for achieving the unimaginable: a rapid decline in the U.S. dollar’s value against the Pakistani Rupee, in a scenario where no one else seemed capable of stepping up to the plate.
A Visionary Act in Troubled Times
It is undeniable that Pakistan’s economy has been on a rocky path for several years, plagued by political uncertainty, corruption, and an alarming currency devaluation. However, in a refreshing turn of events, Chief of Army Staff (COAS) Mr. Asim Munir has showcased exemplary leadership by intervening in the country’s economic crisis. During a meeting with a community of businessmen in Lahore, Mr. Munir announced that he is securing investments worth approximately 100 billion USD for Pakistan from countries like Saudi Arabia, UAE, and Kuwait.
The Dramatic Impact
The result was immediate and staggering. In just three days, the value of the US dollar fell from Rs. 336/USD to Rs. 305 at the average of around Rs. 10/day, a feat unprecedented in Pakistan’s financial history. This rapid devaluation showcases not just the effectiveness of the COAS’s intervention, but it also sheds light on how artificial the dollar hike has been in the first place. This lends credence to the suspicion that a handful of groups were manipulating the economy for their benefit.
Isn’t Nation fighting a war of survival?
In the current severe economic situation, akin to wartime according to some, it seems that only military intervention can bring swift action and change. While the article doesn’t call for martial law, it strongly urges COAS Asim Munir to continue playing a pivotal role in economic reforms.
The actions of the COAS offer a glimpse into what’s possible when the focus is on collective progress rather than individual gain. It’s high time that the political leadership learns a lesson or two from the army, which, despite its primary focus on national defense, is showing prowess in economic fortitude as well.
The Dollar Conundrum: An Artificial Hike?
The rapid fall of the US dollar against the PKR reveals just how artificial the prior inflation of the dollar had been. The question arises: who are these groups benefiting from the artificially high rates of the dollar? The situation points towards a reality where a handful of individuals have far too much influence over the economic fate of a country with a population of around 230 million people.
A Lesson for Political Leaders
COAS Asim Munir’s impactful action brings hope to a country drowning in economic turmoil. However, it also serves as a painful reminder of what political parties could have achieved but chose not to. This begs a deeper, existential question for Pakistan’s political landscape: is democracy serving the nation, or are we stuck in an endless cycle of self-serving oligarchy?
In recent years, leaders from PTI, PML-N and PPP have played the blame game, accusing each other of corruption and economic mismanagement, without focusing on real, practical solutions. Billions were spent on media campaigns to discredit each other, while Pakistan’s economy continued to deteriorate. If these parties had devoted their time to meaningful governance, perhaps the nation would not have found itself in such a precarious position. Democracy should not be the playground of a few select political leaders and their parties. It should be a system where visionary leaders strive to better their country, competing on the merits of their plans, and not on the noise of their accusations.
COAS Munir’s endeavors give these leaders a live case study on how timely action can revive the economy in a significant way.
The Path Forward
In conclusion, while we don’t advocate for martial law, the current scenario does beg for a more active role by the Army in stabilizing the economy. We hope our COAS continues his endeavors in this direction, as these are desperate times calling for exceptional measures. Let’s not hand the reins back to those who have proven their inability to steer the ship. Pakistan deserves better, and it’s high time we demand it. If you could stay strong on initiatives soon Insha’Allah the US Dollar shall lose it position further and will down to below Rs. 250.
