Pakistanis Are Losing Their Cool As The Dollar Rate Against Pak Rupee Rises To Historic High

The dollar experienced an increase of Rs. 8 in the inter-bank market on Friday morning. With this sudden and steep rise, the exchange rate of the US dollar against Pak Rupee now stands at Rs. 142 as opposed to Rs. 134 on Thursday.

Read: PTI Government Has Introduced National Education Policy Framework 2018 & This Is What We Think About It

The deficit in the current account seems to be the reason for the fresh surge in the dollar rate coupled with the government’s on-going talks with the International Monetary Fund (IMF) for an economic bailout. This continuous rise in the dollar rate is especially alarming given the fact that only one year ago, on December 1, the dollar rate against Pak Rupee had stood at Rs. 110.45.

The rise in the dollar rate against Pak Rupee has left many Pakistanis quite worried…

#Dollar 142 ka hogya or PS4 46000 ka 😭😭

— Abdul Moiz (@AbdulMoiz_) November 30, 2018

Unbelievable . in less than 14 hours this is Interbank .
This is melt down ..!!#Dollar pic.twitter.com/YoRkqnN0Rp

— Ali Axhar 📎 (@ali_axhar) November 30, 2018

Dollar crosses 140 rs #IK #PTI wtf #Dollar

— Wajeeh ur Rehman (@wajeehr) November 30, 2018

Needless to say Pakistanis seem visibly up set with the PTI government…

Maybe Interbank missed out Khan's startup plan about murghi and anday yesterday #dollar plunges to all-time-high at Rs 142

— a. (@teepusahab) November 30, 2018

#Dollar is flying high as Govt is busy somewhere else

— Mian Akhtar Ali (@MianAkhtarAli) November 30, 2018

This is what happened to our economy in last one hundred days #100DaysOfKhan #BarbadiKay100Din #ہم_مصروف_تھے#Dollar pic.twitter.com/pxWiDV61TG

— The Angry Lawyer🏌 ⛳ (@TheAngryLawyer3) November 30, 2018

There are even calls being made to the Chief Justice of Pakistan Mian Saqib Nisar to demand an explanation from the Minister of State for Finance Asad Umar for the dollar-rupee fiasco.

#Dollar I hope the Honourable Supreme Court Of Pakistan decides to intervene sooner than later as the inexperienced @Asad_Umar and @PTIofficial government seem totally incapable to handle this unprecedented crises.

— ameenregent (@ameenregent) November 30, 2018

The rising dollar rate will have direct implications for the country’s debt burden and going by early calculations, the situation seems depressingly bleak.

Country,s loan increased by 760 billion today #Dollar

— Wasim kazmi (@wasimhtcv) November 30, 2018

And while the pragmatics have their calculators out to crunch numbers following scientific formulas, there is no dearth of conspiracy theorists who are calling for an economic war and mid-term elections without really understanding what any of this means…

What the hell is going on we must prepare for ecnomic war with enimies #Dollar pic.twitter.com/XDhZqv94bt

— BAGHi (@j10_MianNaeem) November 30, 2018

Before these stooges make our country go bankrupt, let's call for a #MidTermElections . #Dollar

— Dr. Syed Tariq Shah (@Syed_Tariq_Shah) November 30, 2018

So grim is the mood that jest-makers have literally nothing to say. The few attempts at satire lean heavily on the dark side of the spectrum.

Look at the bright side, if our economy collapses and falls into hyper inflation then we can all be billionaires. #Dollar

— Taha Anis (@Taha_Anis) November 30, 2018

https://twitter.com/tuba_fatimatuba/status/1068402553967251456

#dollar
Yar IK aur PTI ka koi qasoor nahi.
.
IK ne khud hi bata dia he k sara kam PEERNI ker rahe he.
.

— waqar hasan (@waqarhsn) November 30, 2018

وزیر خزانہ نے ڈالر نیچے لانے کے لئے گلوکاروں کا ہنگامی اجلاس طلب کر لیا، ترانہ ریلیز کرنے کا فیصلہ۔ ذرائع#Dollar

— Farigh عوام (@azam_azhar) November 30, 2018

#Dollar
ہم مصروف تھے گائے بیچنے میں اس لیے پتا ہی نہیں چلا ۔

— KARACHI KARACHI HAI (@DabeerWarsi) November 30, 2018

But but they sold pm house's buffalos? #Dollar @MehrTarar Ghabrana nae hai

— Muhammad Salman (@Sallu_gooner) November 30, 2018

#Dollar pic.twitter.com/iipBIfgn0J

— Adonis (@drrahmadtufail) November 30, 2018

حکومت کی 💯 روزہ کارکردگی دیکھ کر ڈالر کا سر بھی فخر سے بلند ہوگیا.#Dollar

— Hunain Z. (@hunainzaydi) November 30, 2018

Public this morning:
#Dollar pic.twitter.com/EChvWH9nIi

— Awais Khan Marwat (@awaismarwat2011) November 30, 2018

Of course, comparisons between naya and purana Pakistan are inevitable…

تما م پاکستانیوں کو پرانے پاکستان کا111 روپے ڈالر اور نیۓ پاکستان کا 142 روپے ڈالر مبارک ھو .#NayaPakistan #Dollar

— Malik Adil (@MLKAdil) November 30, 2018

Jab nayi Government ati hai to aihsaas hota hai k pichli kitni achi thi #Dollar

— Omair Javed (Arteta = Puppet) (@omijaved) November 30, 2018

Since the dollar hit an unprecedented high this morning, we’ve been repeating these famous words from Prime Minister Imran Khan’s maiden address to the nation: 👇

But truth be told, with the dollar rising by leaps and bounds every few weeks and the country’s foreign debt sky-rocking with every surge in the USD, Khan sahab, thora sa ghabrana tou banta hai…! 😟😟