so speculation in real estate market is good which benefits our elite ( retd military mostly ) ,
but
speculation in forex is bad ! ( after all, we have a mkt based x rate ,,, and speculators do drive prices in a free market )
to be honest, im not liking the clue less -ness of the FM...
foreign investor who put money in PSX , cashes profit in PKR and then has to buy USD at an expensive rate to send it back ?
i dont how devaluation is good for overall economic picture - except for PTI fan boys
if EFERT is available on the cheap , im all in ( though i still believer 35k is rather far fetched )
EFERT @ 65 would be a good entry - 55 would be a juicy
Most of our reserves are liabilities vs equity...
For a layman, our reserves are also borrowed monies from china, s Arabia , UAE.
Catch 22 situation here really
Falling currency, borrowed reserves.
Rather weirdly, pti fin min and sbp are both quiet
Mkt based exchange rate is working perfectly as intended...... It's dropping the value of pkr like a stone...
@Desprado . How long is the road to hyper inflation from inflation?
Russophiles can always claim that export variants are 'downgraded -export -hand -me -downs" or " the operators wasnt well trained ', yet the fact the Tor systems were blown apart by harpy drones in nagarno is a huge question mark on performance of russian AD systems , ffs, drones are practice...