Pakistan, July 1 -- Yes, I am not an economist, not even an accountant, but as a student of strategic studies, I think that this article may create a discussion among people who are responsible for managing Pakistan's economic affairs and grappling with Pakistan's economic woes for a long time.

Paper currency replaced gold in phases. For instance, after removing domestic gold convertibility in 1933, the United States formally eliminated the international gold standard in 1971. This officially transformed the US Dollar and global paper money into modern fiat, valued by social consensus rather than a physical commodity."

However, the developed world found an alternate method of doing business with plastic cards, both debit and credit. For...