Re: Exchange Rates for Foreign Currency
Even though it sounds surprising, it is correct when viewed in perspective. Compare the sovereign debts, forex reserves, FDI and growth rates, and sadly it turns out that technically speaking, previous era was better on paper.
As for power issues, current govt has done no better. Their approach to ending loadshedding has been equally bad. Despite oil prices dropping 60%, and power bills going up x2, circular debt and loadshedding situation has not improved.
Biggest reason, as pointed above, is that we have a family munshi for a finance minister, who is running the country like a family owned business. Priorities are all screwed up, and transparency is non-existent.