Since then, "political stability" has been a determining factor for "sovereign nation." It really acts as the foundation for both the state's general structure and its national security. It promotes economic stability, opening the door for success, wealth, passion, patriotism, plight, and strength. Even a quick glance at all established and developing countries indicates the crucial significance that "political stability" plays in how they are perceived by the international community. Without it, no state can prosper and reach its full potential, and Pakistan has to recognise this fact quickly.
Hearing that Pakistan is going through its most trying period in its history makes ears choke up. Pakistan has been bound by political instability ever since. Pakistan's burgeoning potential has been stifled by the shifting and competitive balance of power between civilians, the military, and the bureaucracy. The shadow less, quagmire-like sense of modern Pakistan's grip on the country sends shivers down the spine. Nation is currently very split, fragmented, and divided, yet millennials are searching for a path out. Institutions are struggling frantically to maintain their relevance while being exposed, shaken, and jostled. The legal system is failing to quickly administer justice and defend the rule of law; it is also out of touch with the aspirations of the populace and is gaining prominence through contempt’s rather than through justice. Legislative power is mismanaged by "family Limited’s" representing vested interests and is completely disconnected from the general populace. The bureaucracy continues to be politicized and corrupted, serving shifting 'Masters' rather than the state and the people. Every aspect is sliding downward. A simple X-ray is frightening, but an MRI would likely result in immobility.
Looking at the economic graph over the past six months would reveal Pakistan's insurmountable problems, leaving aside the blow to the nation's pride, honour, and respect on a worldwide scale. The cumulative damage is becoming irreparable with each passing day due to the rupee floating freely, capital flight eyeing K2, inflation touching Everest, industries choking, agriculture reeling, power sector squeezing, unemployment rising, remittances flattening, revenue collection dipping, loans fattening, and debt servicing swelling.
Regulating elite and institutions, sadly, find it difficult to understand the needs of the people in the current context. Even this conclusion is somewhat frightening. Instead of comforting, easing, facilitating, alleviating, and lending shoulders to the constantly suffering people in challenging circumstances, the governing class prefers to engage in physical altercations with the populace, igniting their resentment and forcing them onto the streets. More annoyingly, the governing class is on a rampage to cover up its corruption while the people are suffering, taking lavish trips across the world on the dime of tax payers, and shutting off all anger-release mechanisms. What an odd and absurd plan of action!!
After all, the institutions are "parented" by the people, and without the backing and support of the masses, all institutions, even when combined together, are worthless. The essential lesson that has to be learned by the governing class, judiciary, executive, bureaucracy, and other state institutions is to bow to the "will of the people." The cornerstone of the desperately needed political stability is this important lesson. As a result, everyone must realign and answer to those who create and maintain them. The window of opportunity for broad reforms and realignments has already passed in order to meet public demands for relevance and respect. The sooner it is completed, the better.
To solve her main problems, Pakistan needs significant "Reforms," as well as a mental reset and reboot at all levels. The required reforms list is too long, and no one has the capacity to narrow it down and identify the most crucial reforms. Therefore, within the allotted 90 days, the interim government must develop a "Reforms Framework" in accordance with the desires of the masses. The six core strands of this framework must include accountability, anti-corruption mechanisms, rule of law reforms, election reforms, criminal justice system reforms, and bureaucracy reforms.
To enable the masses to choose their leaders, free and fair elections must be held. The victorious party would be pressured to reform in accordance with the provided framework since the framework would be owned by the public. Rider clause: In accordance with the spirit of democratic procedures adopted in all democracies across the world, all institutions must remain within their constitutional purview and subject to the "will of the people." May Allah favour Pakistan!
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 03, 2023 (Friday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||333.31||333.61|
|Hong Kong Dollar||HKD||34.19||34.54|
|New Zealand Dollar||NZD||173.25||175.25|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 212,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs182,530.
Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 212,900||PKR 2,420|
|Karachi||PKR 212,900||PKR 2,420|
|Islamabad||PKR 212,900||PKR 2,420|
|Peshawar||PKR 212,900||PKR 2,420|
|Quetta||PKR 212,900||PKR 2,420|
|Sialkot||PKR 212,900||PKR 2,420|
|Attock||PKR 212,900||PKR 2,420|
|Gujranwala||PKR 212,900||PKR 2,420|
|Jehlum||PKR 212,900||PKR 2,420|
|Multan||PKR 212,900||PKR 2,420|
|Bahawalpur||PKR 212,900||PKR 2,420|
|Gujrat||PKR 212,900||PKR 2,420|
|Nawabshah||PKR 212,900||PKR 2,420|
|Chakwal||PKR 212,900||PKR 2,420|
|Hyderabad||PKR 212,900||PKR 2,420|
|Nowshehra||PKR 212,900||PKR 2,420|
|Sargodha||PKR 212,900||PKR 2,420|
|Faisalabad||PKR 212,900||PKR 2,420|
|Mirpur||PKR 212,900||PKR 2,420|