All posts tagged: imports

The Rulers of Pakistan See the Kafir Colonialists as Saviors!

Pakistan’s foreign minister says he hopes the country will build stronger ties with Russia, as the South Asian country grapples with economic turmoil. Bilawal Bhutto Zardari made the remark in an exclusive interview with NHK in Tokyo on Sunday, 2 July 2023. Last month, Pakistan began importing crude oil from Russia. Bhutto said the aim […]

Capitalist Economic Managers Have No Way to Rescue Pakistan from Economic Crisis

As the rupee continues to plummet in value, sparking huge inflation, doubts and fears are mounting over the country’s economic health, particularly its ability to pay the import bill, for essential items, in the coming weeks. There has been a steep decline in the central bank’s foreign exchange reserves, which have shrunk to a near […]

Loans will Not Fix What Capitalism Has Ruined! How can Egypt Survive the Successive Saves of Loans and the Subsequent Inflation?

The International Monetary Fund (IMF) announced its approval of a 46-month cooperation program for Egypt, in an amount of 3 billion US dollars, according to a statement from the IMF on Saturday 12/17/2022. The package of policies included in the program includes measures, including the permanent transition to a flexible exchange rate system and the […]

As Long as the Pakistani Rupee is Not Linked to Gold and Silver, It Will Continue to be Devalued, Drowning Us in Back-Breaking Inflation

The Pakistani rupee has been depreciating rapidly over the past month. On 10 July, 2021, one dollar was selling at Rs. 155.92, whilst on 5 August 2021, one dollar was selling at Rs. 163.41. Thus, in less than a month, the rupee has lost Rs 7.49, or 4.8 per cent, of its value against the […]

Under Capitalism, Whether the GDP Goes Up or Down, the Conditions of the People Go from Bad to Worse, Deprived of Substantial Local Industry

On 28 July 2021, the economic advisory wing of the finance ministry declared in its Monthly Economic Outlook (MEO) for July that, “In the transition towards a higher potential growth level, pressure can be built on external accounts, calling for close monitoring to ensure that the new growth strategy is sustainable.”

The Decision to Raise the Price of the Dollar is the recipe of the World Bank to Achieve its Goals of Increasing Poverty and Crushing the People in Yemen

On Monday, 26/7/2021, a senior official in the government of Maeen Abdul Malik was cited by the Reuter’s report, that he had decided to raise the price of the customs dollar from 250 riyals to 500 riyals, an increase of 100% in an attempt to support the deteriorating public treasury. This does not apply to […]