Rupee devaluation backfired, Dr Shahida Wizarat


KARACHI: Noted economist and Vice Chairman of Pasban Economic Affairs Division, Dr Shahida Wizarat, has said that the trick of rupee deprecation did not work and even it backfired, worsening the already vulnerable economy of Pakistan. In a statement Tuesday, she said the Rs53bn bailout package for PIA and power companies brings out the importance of restructuring of these strategic companies instead of being given life support from emergency to emergency. She said it also brings out the cost increase in the debt accruing on these companies due to depreciation, which we have been using unsuccessfully for the last three decades to increase exports. Dr Wizarat said while the rupee depreciation has not been successful at increasing our exports, it has increased our debt burden, increased inflation, increasing the cost of doing business, resulting in de-industrialisation, decline in investment, output and employment, and causing a sharp increase in poverty and social strife in this country. The Pasban leader demanded long-term sustainable economic reforms instead of relying on dictation of the lenders.DNA
Few Americans exercise as much as they’re supposed to—and that adds $117 billion in annual health costs
New York City: Just a fraction of Americans are exercising as much as they’re supposed to, costing the health-care system and contributing to people dying early. Only 26 percent of men, 19 percent of women and 20 percent of adolescents meet the U.S. Department of Health and Human Services’ exercise recommendations, according to the agency. Failing to meet the suggested levels of aerobic physical activity adds nearly $117 billion in annual health-care costs and contributes to 10 percent of all premature mortality, HHS said Monday in announcing its latest guidelines. The data highlight the challenges of convincing Americans to move more despite federal efforts. Between 2015 and 2016, about 93.3 million U.S. adults, nearly 40 percent, had obesity, according to the Centers for Disease Control and Prevention. And nearly 1 and 5 adolescents between the ages of 6 and 19 had obesity. Adults need 150 minutes of moderate to vigorous aerobic activity each week and two days of muscle strengthening activities to stay healthy, HHS says.Monitoring desk

Adolescents between the ages of 6 and 17 need 60 minutes of moderate to vigorous physical activity every day, HHS says. Most of their time should be spent on aerobic activity but should also include muscle-strengthening and bone-strengthening activities at least three days a week.

Physical activity leads to a slew of immediate and long-term health benefits, the agency said in its updated guidelines.

One round of exercise can reduce anxiety and blood pressure, as well as leading to better sleep and improved insulin sensitivity, the agency said. In the long run, physical activity can improve brain health and reduce the risk for eight types of cancer, fall-related injuries in older adults and excessive weight gain, HHS added.