As expected, it is NOT because SBP is burning reserves to keep PKR afloat. Economy is cooled by GoP because SBP cannot afford to approve LCs due to lack of reserves. This is a necessity, not a choice.
Nice development. Dice Foundation seems to be an American funded non-profit organization registered in the US. Which Pakistani car company will be manufacturing these cars locally? 2024 seems to be an ambitious target for a first model launch, but not impossible. :cheers:
I don't write on this virtual wall with an expectation that it will be valued by readers. This is just a honest reflection of my thoughts on the topic. But one cannot be certain that what I write will not seed a critical thought in those who choose to read it :coffee:
I'm not a Pakistani and have never visited Pakistan. But this does not preclude me from challenging assertions made (on the world wide web) without any passable evidence. The accusatory insinuations made will be better served if you or any other accuser (usually from the PTI tribe) is able to...
India does not have a looming BoP problem like Pakistan. India also accumulates twin deficits (like Pakistan) year after year, but does not need to worry about BoP. Why? Because India has a surplus CA that is padded by FDI every year. Pakistan does not have this luxury. Every time Pakistan...
I contest the unsubstantiated notion that SBP used available reserves to prop up the currency in recent past. The article that you've posted confirms that IMF is satisfied with Pakistan's monetary and fiscal actions. That supports what I hope to convey. :coffee:
There may have been instances when ministers abuse the privilege. But in this case, the minister has not taken a family trip - has she? What happened to the regular team manager? We have not been told about underlying reasons and yet people have quickly jumped to conclusion.
I'm aware of the history from previous PLMN rule - as explained by PDF community many times over. But given the current status of reserves, Pakistan does not have the luxury to manipulate with currency. Random tweets and ad-hoc accusations cannot become reality.
.. another deliberate attempt to...
Most people on refugee claim remain in a queue for their case to be adjudged for several years. The due process that is expected from international rules on how a refugee claim is to be processed will always allow for a window that refugee applicants can exploit.
There is no evidence to believe that PKR appreciation is a result of currency manipulation by the SBP. Liquid reserves are always floating and could drop for a number of reasons including the finance of necessary imports to support critical industries or due interest payments. I'm not sure if...
Unlike RT journalists in US, I've not seen Anas talk trash about Pakistan. There was one instance when he was upset with Imran, but nothing more. He is just a lad with a day job :pop:
Two contradictory sentences in the same response. Floating will mean depreciation for most developing countries when Feds increase the rate. :coffee:
IMF will ask borrowers to give more autonomy to the Central Bank. This will invariably result in depreciation as the central bank will float the...