dollar hitting 188, bloodbath at stock market crash

[ghazi52]

.,.,

 

[AZ1]

Another day, another decline in stock.market of -500points.


dollar rate now 192.50

 

[Two banks of the River]

Put a ban on import of all non essential stuff immediately. This wouldn't cause public opposition too unlike the roll back of subsidies. Start increasing interest rates slowly over the next few months, will take care of the inflation. And work to bring in the budget a month earlier. That way negotiations with IMF can start.

It will not solve the problems but will take the edge off.

https://twitter.com/x/status/1524327093592600576

 

[SoulSpokesman]

@Two banks of the River

Put a ban on import of all non essential stuff

There is no such thing as non essential stuff, even if there is the amount will be too small in relation to the total deficit

Regards

 

[Two banks of the River]

@Two banks of the River

Put a ban on import of all non essential stuff

There is no such thing as non essential stuff, even if there is the amount will be too small in relation to the total deficit

Regards

In that case there will remain a bad choice to be made. 1. Let the industries slowly shut down for the time being. OR 2. Withdraw subsidies from fuel/electricity etc.

Some very tough decisions to be made.

 

[ziaulislam]

ابتدائے عشق ہے روتا ہے کیا ۔۔آگے آگے دیکھئے ہوتا ہے کیا ۔۔۔

 

[SoulSpokesman]

@Two banks of the River

Right thing to do would be to remove all subsidies on P&F items. If necessary provide some cash subsidy to the poorest for subsistence needs.

Regards

 

[ziaulislam]

In that case there will remain a bad choice to be made. 1. Let the industries slowly shut down for the time being. OR 2. Withdraw subsidies from fuel/electricity etc.

Some very tough decisions to be made.

First, acknowledge that you fucked up by basing your economy on imported fuel
Second, focus fully on local energy projects
Third, close all markets after 8 oclock
Fourth, load shedding at nights
Fifth negoitate with IMF and afterwards float bonds to line up shore the reserves

I was blaming PTI of not taking too many foreign loans when they could have due to political reasons..they should have floated more bonds but didnt do that..that was wrong..ofocurse noone predicted oil shock but still a wrong decision(debatable though..paying 7% interest is never a good idea for a possibility)
Cant turn off export industry keep doing that

 

[N.Siddiqui]

Jab Ghar mein Daaku ghus aetey haeen to chowkidar ye Nahin keh sakta hai Kay hum neutral haeen.

 

[TechMan]

گورنینس لبے نا لبے
ڈالر ایک سو نبے

 

[N.Siddiqui]

Stop gap measures to improve the economy through artificial maneuvers won't succeed, the basic problem is that the current government has no public mandate, it came through illegitimate, unconstitutional ways.

Kuttay ko kunwain mein se nikalna hai, paani badalnay se koi faida nahi.

 

[koolio]

Another day, another decline in stock.market of -500points.


dollar rate now 192.50

View attachment 843335

It won't be long when the rupee breaches 200 dollar mark.

 

[SoulSpokesman]

@ziaulislam

Zia sb,

First, acknowledge that you fucked up by basing your economy on imported fuel

The cardinal sin was done during the Mushy era. Those were eras of low crude prices and Pak got excessively dependent on oil fired plants (mainly rentals). No one realised that crude prices wouldnt remain low for ever and that thermal and hydel plants would be cheaper in the longer run. In that whole era little attempt was made to set up thermal and hydel plants.

Regards

 

[Olympus81]

Without blaming anyone. Oil subsidies need to be removed. If you cannot diversify your oil suppliers then that’s a bitter pill to take.

And then announce elections.

 

[PradoTLC]

This is just the beginning. Things are going to get worse. All blame is coming the GHQ way. Either resign or you are letting the whole institute drown in public anger. Field reports sent to the higher ranks are not painting the true picture.

USD is going to cross 200 and next year 250. More inflation incoming. Thousand alternative reasons / explanations are not going to satisfy the general poverty stricten public.

Immediate General Elections leading to a two third majority of a popular leader who can take tough decisions and still hold public confidence.

USD incoming from close allies is false. Much worst is yet to come. Interest rates should be 20 %. Anything less is not going to work.

old Pakistan...

dont worry Ishaq dar going to save us...

hold my keema naan

@ziaulislam

Zia sb,

First, acknowledge that you fucked up by basing your economy on imported fuel

The cardinal sin was done during the Mushy era. Those were eras of low crude prices and Pak got excessively dependent on oil fired plants (mainly rentals). No one realised that crude prices wouldnt remain low for ever and that thermal and hydel plants would be cheaper in the longer run. In that whole era little attempt was made to set up thermal and hydel plants.

Regards

err..no

this started during Bhutto's time.. her husband wanted his 10%