Why Dollar Is Not Falling in Pakistan Amid Global Decline

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In that debate, Saudi Arabia’s Vision 2030 increasingly stands out as a case study worth close examination. It demonstrates how a country can design its own model of progress — rooted in its history, shaped by its geography and driven by its people. Entrepreneurship is booming, fueled by visionary government policies and a growing culture of creativity.

With such transfer of technology those that had lagged excessively behind the US — China and India — got greatly more efficient overwhelming supply chains with increased production. The world saw a level of GDP growth in decades unmatched by centuries. The aim is to somehow slow down China’s rate of progress and hence its capacity to grow further and challenge America’s exclusivity.

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Farmers and the textile industry, up until the 2008 financial crisis, had been dependent on each other. Farmers would produce the crop without the fear that demand would fall, and the government did not need to announce a support price either. But when mills started shutting down, suddenly there was more cotton and not enough buyers. After a harsh couple of years, farmers also began going back on cotton and its price fell, resulting in production decreasing. The reason behind the better outlook this year is that early in August, the Trading Corporation of Pakistan (TCP) entered the cotton market to stabilize the white lint prices.

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by Ayeza Umer  (Dietitian) at Quaid-e-Azam International Hospital,Islamabad

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Kashmiri woman expresses strong support for Pakistan

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