Month: April 2022

ECONOMY CRISES OF PAKISTAN AND THE WAY FORWARD

ECONOMY CRISES OF PAKISTAN AND THE WAY FORWARD

Posted by | Apr 17, 2022 | |

By Bilal Sayed Forex and currency crises Pakistan has repeatedly run into macroeconomic crises: runaway inflation, current account and trade deficits, depleting foreign reserves, and currency devaluations. It is, once again, faced with a combination of these problems. The two immediate threats to the country’s $263-billion economy come from the build-up of inflationary pressures, and a payment crisis that stems from a combination of global and domestic factors — problems that the pandemic has exacerbated. The situation is similar to, and worse than, the crisis of 2018 when Pakistan’s foreign exchange reserves plummeted to multi-year low. As of November...

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Baligram villagers still use the ancient hand-run grinding stone (Maichan) to make their flour

Baligram villagers still use the ancient hand-run grinding stone (Maichan) to make their flour

Posted by | Apr 6, 2022 | |

By Fazal Khaliq SWAT: In the modern age of science and technology when state-of-the-art machinery is used for various purposes including grinding grain, there is a village in Swat where residents still use the ancient way of grinding grains into flour. Locally known as maichun, a hand run grinding millstone, though has already disappeared long ago, the residents of Baligram, a remote hilly village in Kokarai union council, still use the ancient stone hand-driven millstone to grind wheat, maize, barley, and rice when their village is cut off from the rest of the areas during the snowfall or harsh winter....

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April 2022
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