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SUDDEN AND SHARP DROP IN PAKISTANI RUPEE By Masooma Amjad Khokhar     N ow Pakistan's currency has taken a sudden and sharp drop marking its worst plunge in nearly a decade. The Pakistani rupee felt more fell more than three percent in this month of July alone and this rupee has lost 18 percent of its value since December 21 on closing the day at 108 against the US dollar the International Monetary Fund highlighted last year that the currency may be overvalued by as much as 20% the sharp drop is expected to push up prices and inflation. The Pakistani rupee slumped to record lows against the dollar on July 19 as domestic political and economic factors weigh on the currency. The rupee first fell to 224 against the U.S. currency on the interbank market during the day, after closing on July 18 at 215.2. Now the  Pakistani rupee  7.6 per cent tumble to Rs228 to the dollar marked the latest setback for the currency, which  has fallen  sharply this year...

  Economic expansion: Is it environmentally sustainable? By Masooma Amjad Khokhar   It may have gone unnoticed, but this is a historical event. For the first time in the entire history of humanity, we live in a world where poverty no longer affects most of the population. Surprised? Well you shouldn’t be. Experts already told you that this was about to happen. Let’s forget all the apocalyptic perspectives that we’ve covered for so many years about the world we live in. The truth is that today, on our planet, most of the population either belongs to the middle class or to the wealthiest classes. In other words, as you can see, poverty is now not such a looming issue. Yes, I know, there’s still a lot of poverty, but the truth is that we’ve never before known a world where poverty didn’t affect most of the population. Don’t tell me that is not great news. But just a second, you might be asking yourself some questions, like for example, what on earth are you talking about? Wha...