Like the unbearable humidity during the monsoon, like the stubborn henna stains on a bride’s hands, like the lush green plains hugging the lands of Punjab, information failure alike has not let Pakistan go till date. Although, it is coined as an economic term, referring to the inefficiency in resource allocation due to a lack of accurate and complete information, in Pakistan we can subject it to almost any matter, where either we are not given complete information about a certain issue or we refuse to obtain available information and continue living based on beliefs and other forms of misinformation.

Firstly, when we talk about Pakistan’s economic situation, we find ourselves doomed by the disease of information failure holding these strong beliefs regarding the situation that are far from reality. One of the most apparent ones being the currency and the role it holds in our economy, linking stability to a low exchange rate and how an artificially........

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