Indian Rupee has depreciated by over 20 per cent over the last year. We have to depreciate Pak rupee vis-a-vis our competitors. We have seen Pakistan’s economy suffer worse, like after the nuclear tests and it also went through imposition of sanctions thereafter. There has never been a default and likelihood of it is still very low. Yes the present government has not been able to manage the economy but the reason is a politically weak government which is the result of divided mandate and hence so many compromises. I hope that a politically powerful government comes in order to stablilise economy; since weak politics leads to weaker economy.
