Before the sway of financialisation of the global economy, a strong currency was generally seen as a sign of robustness. But it is not so by many now.
Even the hard currencies like the dollar and the euro represent troubled economies like that of the United States and European Union respectively. The reason is that the dollar is a dominant global currency and euro, essentially regional, is competing with the greenback for a greater share in the international exchange market. The Chinese yuan is also making its increasing presence felt in the global market, backed by a robust economy.
And to protect the value of their money from many depreciating national currencies, investors from around the world prefer to keep their funds in hard currencies, considered to be a store of value. Countries suffering from a chronic balance of payments problem and boom and bust cycles such as Pakistan may have abnormally weak currencies. But some national currency markets show a contrary trend. On the
February 13, 2021
ISLAMABAD/LAHORE/MULTAN: The country’s three major political parties PTI, PPP and PML-N have finalised the names of their candidates for the upcoming Senate elections, with the PDM nominating Syed Yusuf Raza Gilani and Farhatullah Babar as its consensus candidates from Islamabad.
The ruling Pakistan Tehreek-e-Insaf (PTI) has finalised the names of 15 candidates, including Dr. Abdul Hafeez Sheikh from Islamabad and Faisal Vawda from Sindh.
Federal Minister for Science and Technology Fawad Chaudhry tweeted the names of 13 candidates, while two others were mentioned by the PTI’s Central Media Department. Unlike other political parties, the ruling party has not invited formal applications from the aspirants. The 11-member parliamentary board is headed by Prime Minister and PTI Chairman Imran Khan.
February 13, 2021
ISLAMABAD/LAHORE/MULTAN: The country’s three major political parties PTI, PPP and PML-N have finalised the names of their candidates for the upcoming Senate elections, with the PDM nominating Syed Yusuf Raza Gilani and Farhatullah Babar as its consensus candidates from Islamabad.
The ruling Pakistan Tehreek-e-Insaf (PTI) has finalised the names of 15 candidates, including Dr. Abdul Hafeez Sheikh from Islamabad and Faisal Vawda from Sindh.
Federal Minister for Science and Technology Fawad Chaudhry tweeted the names of 13 candidates, while two others were mentioned by the PTI’s Central Media Department.
Unlike other political parties, the ruling party has not invited formal applications from the aspirants.