Devaluation of Pakistani Currency

When Musharraf resigned few months back, the Pakistani rupee was hovering around Rs. 66 per dollar and oil prices were around $90 per barrel and when Musharraf was removed, i remember the famous Kamran Khan of Geo Tv shouting with emotions that Pakistan has been saved as dollar has came down to Rs. 62 in just one day and that our stock market has risen by 500 points to hover around 12000 points. He also cited people coming out on streets to distribute sweets and that now our financial and political worries will be overcame in just few months by our able and God fearing democratically elected representatives and that judges will be restored in few hours, 17th amendment will be removed forever and tribal areas will again become peaceful as their whole war was directed against Musharraf. Standing at this point of time, i wonder which one of the above things have shown any improvement. The oil prices have increase 50% to 60% after Musharraf resignation and the stupid logic given was the international oil prices. Now that the international prices are at 15 months low, i wonder what is stopping our government from decreasing the oil prices? The tribal areas are even more turbulent and the violence has spread to provincial and federal capital. The dollar is at its record high of Rs. 85.5 and foreign loans are setting another record by going to around $ 47 billion and expected to cross $50 billion mark in few months. Not only this, the PPP government taxed everything and the only few things left that they are thinking to tax is water and air. Our friends are making their last ditch effort to save us from the looming bankruptcy and default. Judges are still not completely restored and the only accountability we can see is directed againt the personal rivals of our PPP government. State funds are being used on the added security and foreign trips while common man is suffering. The devaluation is even hurting people in private sector whose salary is deprecating every day with the depreciation in rupees. Sooner or later brain drain will start occurring as Pakistani intelligentsia will accept very low salaries in foreign currency from other countries. The situation has gone so worse that a delegation from Afghanistan asked my company to set up a meeting in Dubai as Islamabad is no more a safe place to visit. Just imagine, people from Kabul thinks that Islamabad is much worse. With these conditions, i wonder where our country is going to go? Our politicians have their accounts abroad, they have their children living abroad and they have their first home abroad and second home in Pakistan so they wont find it difficult to run away when Pakistan is in crises and will only come back when it is again a safe place. The only people who have to bear the brunt of everything is the common Pakistanis but the problem with us is that we will never have self respect and will credit our traitors as our heroes for the sacrifices which we give ourselves. We should realize the fact that our leaders are doing nothing for us except looting us and keeping us illiterate. We have to believe in our selves and our abilities and our leadership skills. The Bhutto’s, Sharif’s, Chaudhries and Maulanas are nothing without the support of the common man and the problem is that the same common man has to beg them later after electing them. I wonder if we elect our representatives in elections or our masters?