{"id":273603,"date":"2022-07-26T07:29:12","date_gmt":"2022-07-26T02:29:12","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=273603"},"modified":"2022-07-26T07:29:26","modified_gmt":"2022-07-26T02:29:26","slug":"dollar-appreciation-can-bankrupt-pakistan-like-sri-lanka","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/dollar-appreciation-can-bankrupt-pakistan-like-sri-lanka\/","title":{"rendered":"Dollar appreciation can bankrupt Pakistan like Sri Lanka"},"content":{"rendered":"<p>KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said constant appreciation of the dollar can bankrupt Pakistan like Sri Lanka so all possible steps should be taken to contain it. The central bank should not play the role of a silent spectator to the depreciation of the rupee while the government should act against the black sheep of the currency market benefitting from uncertainty, he said. Online<br \/>\nMian Zahid Hussain said that every passing day is weakening the economy which is worrisome.<br \/>\nTalking to the business community, the veteran business leader said that during the week, the value of the dollar increased by fifteen rupees in three days, which is enough to make the country a banana republic.<br \/>\nHe said that a prominent economist of the country has termed the sharp rise in the value of the dollar as a deliberate plan against Pakistan that should be taken into account.<br \/>\nDue to the devaluation of the rupee, Pakistan\u2019s debt and liabilities have increased by several thousand billion rupees, while inflation is setting a new record every day, which has made people\u2019s lives a hell.<br \/>\nThe increased value of the dollar is affecting the people and all sectors of the economy, but the manufacturing sector increases the prices immediately, but the people associated with the service sector cannot increase the price of their services immediately, which increases the financial pressure on them.<br \/>\nMian Zahid Hussain said that as a result of the negative policies of the past several years, Pakistan has become isolated to such an extent that friendly countries are not ready to trust or lend, while important political figures are still far from any political or economic consensus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said constant appreciation of the dollar can bankrupt Pakistan like Sri Lanka so all possible steps should be taken to contain it. The central bank should not play [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-273603","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dollar appreciation can bankrupt Pakistan like Sri Lanka<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/dollar-appreciation-can-bankrupt-pakistan-like-sri-lanka\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar appreciation can bankrupt Pakistan like Sri Lanka\" \/>\n<meta property=\"og:description\" content=\"KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said constant appreciation of the dollar can bankrupt Pakistan like Sri Lanka so all possible steps should be taken to contain it. The central bank should not play [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/dollar-appreciation-can-bankrupt-pakistan-like-sri-lanka\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-26T02:29:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-26T02:29:26+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" 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