regarding 2:14 , for foreign exchange rates the rupee was stable against the dollar, fluctuating between Rs 60-65 for most part of Musharraf's era. It only increased hugley in current Zardari's government because of flight of foreign reserves (mismanagement + less liquidity and growth due to sub-prime mortgages fiasco worldwide), leading to increase in trade deficit and consequently currency devaluation.
regarding 2:14 , for foreign exchange rates the rupee was stable against the dollar, fluctuating between Rs 60-65 for most part of Musharraf's era. It only increased hugley in current Zardari's government because of flight of foreign reserves (mismanagement + less liquidity and growth due to sub-prime mortgages fiasco worldwide), leading to increase in trade deficit and consequently currency devaluation.
JeeeNahi 2 years ago
very good report...
kashifyy 2 years ago