Dollar hit to 166.30 inter bank market against PKR. 2.2 rupee devalaution in a just 3 days.

[Asian.Century]

More Failures for PTI!

 

[Norwegian]

Fact "curse on these reserve and it is better get defaulted if the currency daily devalues on 1 PKR every single day " Dr Ashfaq Hassan

Khotay all these reserves are borrowed money. They have little to no impact on day to day USD / PKR market based exchange rate.

https://twitter.com/x/status/1430508692949045250

More Failures for PTI!

Lol when in was PMLN that bankrupted Pakistan.

 

[Asian.Century]

$166.30 touching now in Pakistan - And PTI youthias chutiyes here still defending that.

 

[Desprado]

"Now what is purpose of devaluation. We are going for 13 billion CAD ,which was also done by previous government, and managed far better. The CAD will be 13 billion than what is the purpose of devaluation expect you want purposely increase inflation and stop investment in the country and the main reason to stop CAD is not fulfill one bit that is why i say never hire a outsider in this country as this Reza Baqir is a Rascal who will run away when ever this government period comes to end and PTI will the one will pay debts of this moron"

See the full video.

 

[Norwegian]

$166.30 touching now in Pakistan - And PTI youthias chutiyes here still defending that.

Khotay Patwari it was 60 Rs during Musharraf. 120 Rs during Khota Nihari.

 

[Mandalorian_CA]

$166.30 touching now in Pakistan - And PTI youthias chutiyes here still defending that.

you know more ppl send money when rupee devalues and it will go up again. they keep it tht wy

 

[Desprado]

Khotay all these reserves are borrowed money. They have little to no impact on day to day USD / PKR market based exchange rate.

https://twitter.com/x/status/1430508692949045250

Lol when in was PMLN that bankrupted Pakistan.
View attachment 773010

It was borrowed since 1947. It was borrowed when Ayub government, Musharf, Zardari, PMLN and now PTI. You PTI has ethics to not use reserve otherwise entire world use it.


Example Egypt 380 billion dollar debt but using reserve to hold Egypt Pound.

India 580 billion dollar debt

Japan more debt than any country.

 

[Norwegian]

stop investment in the country

Purpose of investment is to increase exports. Pakistan's exports haven't gone up since 2011 despite billions of dollars investment since. Why you need more of the same investment? How are you going to payback? With what money?

It was borrowed since 1947. It was borrowed when Ayub government, Musharf, Zardari, PMLN and now PTI. You PTI has ethics to not use reserve otherwise entire world use it.


Example Egypt 380 billion dollar debt but using reserve to hold Egypt Pound.

India 580 billion dollar debt

Japan more debt than any country.

These country's have positive net reserves. Pakistan is in negative since 2018. It doesn't have luxury to support its Rs anymore.

 

[Desprado]

Now what is purpose of devaluation. We are going for 13 billion CAD ,which was also done by previous government, and managed far better. The CAD will be 13 billion than what is the purpose of devaluation expect you want purposely increase inflation and stop investment in the country and the main reason to stop CAD is not fulfill one bit that is why i say never hire a outsider in this country as this Reza Baqir is a Rascal who will run away when ever this government period comes to

Purpose of investment is to increase exports. Pakistan's exports haven't gone up since 2011 despite billions of dollars investment since. Why you need more of the same investment? How are you going to payback? With what money?
View attachment 773015

These country's have positive net reserves. Pakistan is in negative since 2018. It doesn't have luxury to support its Rs anymore.
View attachment 773016

Egypt, Srilanka, Afghanistan, Nepal, Argentina has more than -20 billion dollar reserve. There currency super A stable.

 

[Norwegian]

Egypt, Srilanka, Afghanistan, Nepal, Argentina has more than -20 billion dollar reserve. There currency super A stable.

They will all end up in crisis eventually if they keep supporting their currencies. Look at Lebanon.

 

[Asian.Century]

https://twitter.com/x/status/1430608165083795456

 

[Norwegian]

https://twitter.com/x/status/1430608165083795456

Khota Patwari

 

[Patriot forever]

More Failures for PTI!

REER value hit 99 i think in july and is decreasing since March when it hit 103-104. This devaluation is not due to some instability as the intent is to not allow imports to grow unchecked and somehow stabilize them at the current level. There are plenty of dollars with the state bank and no they are not throwing a penny in the market. SBP wants to make sure CAD does not go beyond 2% especially as the economy is growing at a pace.

Furthermore expect pressure on the rupee as machinery imports increase as TERF actual rollout accelerates. Plus there is now a similar scheme for SME aswell. Not to forget there was a lockdown in Sindh in the first week of August so it might impact our export receipts ( will wait for the end of month to confirm how much of an impact). Vaccine imports etc etc.

SBP sees TERF loans surging 67 percent in FY22

KARACHI: State Bank of Pakistan expects loan disbursements under Temporary Economic Refinance Facility increasing 67 percent this fiscal year, paving way for new industrial investments and...

www.thenews.com.pk

Bro you need to understand the background before throwing political tantrums.

 

[AZADPAKISTAN2009]

Pakistan's Rupee rise is due to Gas and Oil Price Rise
If we will reduce our dependence on Oil and Gas , the bill differential will reduce

• Pakistan can get cheap gas from Iran have we taken any action to get cheap gas from Iran?
• Has PPP finished building bus networks in Karachi to reduce Motor Cycles and Petrol Consumption?
• How many Citizens of Pakistan , ride sharing i.e 1 Car 6 people to work ?
• Who invested in LNG ? and all the middle brokers ? Instead of simple Pipeline from Iran for Gas
• Who has not opted to import Iranian Oil , using Saudi/Iranian oil ensure abundance of oil and reduction of oil bill ?
• How many people are cooking with Solar Energy base energy source ?

If 10-15% of Pakistanis stop using Motor Bike and Car and instead use a Solar Scooter perhaps it will help reduce the import bill for Oil and Gas

• Use bicycle for small commute
• Walk when possible for 10-15 min ranges

How many fuel efficient cars are running in Pakistan with Engines 2-3 year old ?

• Are 10% of cars and buses now , using efficient engines ?

 

[HammerHead081]

Pakistan nei is saal daba kr imports ki hain na according to PTI ministers "for machinery", ab agei pta chalei ga kitni hoti hai industrial development