The rampant inflation and plunging GDP have engulfed us this year. As per IMF Data Mapper, October 2020, GDP growth was -0.4 percent and the inflation was recorded as 10.7 percent. Such worsening conditioning has come up due to an unprecedented hurdle according to the government. Which is said to be: Corona. State Bank, during corona, overprinted the currency to meet the cash flow as it wasn’t being deposited by people owing to Corona. However, in the present day, the policy of overprinting has pushed the inflation up. It has descended the value of Rupees and Dollar has peaked in comparison to it. In the present day, 1 US Dollar equals 162 Rupees approximately. Incumbent government seems incapable to cope up with the faced issues. Economic indicators are towards gloom and doom in Pakistan. Opposition, taking the advantage of which, has stepped out on the roads against the government. Since the very first day people, in Pakistan, are facing such ups and down in the economy. Will a time appear that it will stand stable on its feet?
Jahangir Jameel
Turbat
