Which will the US or Russia or Pakistan choose?
It was a politically and economically tense time for Pakistan. It is difficult for Pakistan to remain neutral in the fast-moving bipolar system of the world. Pakistan’s friendship with Russia is growing so it is impossible not to comment on the matter. He must choose Russia or the United States, which can prove decisive for him.
Pakistan’s currency may depreciate by Rs 200 against the dollar
According to Pakistan’s Tribune website, Pakistan should be prepared for $ 100 a barrel of oil prices. Oil prices have already crossed 90. The Pakistani government is tense as rising oil prices threaten the country’s growth prospects. If exports do not increase without reducing imports, the pressure on the Pakistani currency could increase and the dollar could rise to Rs 200, the report said.
$ 2 billion could be a setback
The Tribune report says inflationary pressures will be like irreversible toothpaste. Even in a few months, if oil prices rise by $ 10-20, it’s a blow to Pakistan’s reserves of $ 1 to $ 2 billion. It is believed that this will lead to huge losses to Pakistan’s purchasing power.
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