Recently, the PPP government removed Hafeez Shaikh, the absolute worst Finance Minister Pakistan has ever had. Only to replace him with a person, Mandviwalla, who practically has zero understanding of the economy and the state Pakistan is currently in.
In the time since the new genius has been in charge, the PIA and the Steel Mills have received massive bailouts, the price of dollar has gone up and the price of oil and diesel have also been increased. While our Foreign reserves stand at less than 8 Billion US Dollars, which is very low for a country our size, the new Finance Minister seems to be more worried about milking his new post for the next fifteen days as hard as he can. Continue reading