dollar hitting 188, bloodbath at stock market crash

[SoulSpokesman]

@PradoTLC

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

That's true, but in that era oil prices were really low and GOP wanted to kickstart capacity addition. To an extent it was justified. Plus 1990s saw too much political instability and no PM could have been expected to start thermal or hydro generation as they are long gestation projections. But by Mushy's time, there was political stability and also availability of foreign capital to undertake generation projects.

 

[ghazi52]

.,.,

USD to PKR​

as per Pakistan Open Market Thursday 12th of May 2022 06:44:36 PM - The current USD to PKR buying exchange rate is 193 as per Pakistan Open Market and USD/PKR selling exchange rate for 1 US Dollar is PKR 193. Below you can see US Dollar to PKR currency charts as per Pakistan Open Market. Convert US Dollar to PKR​ Type US Dollar in text box to convert in Pakistan Rupee, for detailed and historical PKR to USD conversion please use our enhanced currency convertor tool. You can convert your desired currency easily by using our currency conversion tool. US Dollar (USD) = 193 Pakistan Rupee (PKR) as on Thursday 12th of May 2022 06:44:36 PM ​

​ ​

Other Major Currencies in Pakistan Rupee​ Currency Symbol​ Rate​ Inverse​ China Yuan CNY​ 0.0418​ 23.95​ Euro EUR​ 0.005​ 200​ Japanese Yen JPY​ 0.6944​ 1.44​ Saudi Riyal SAR​ 0.02​ 50.1​ U.A.E Dirham AED​ 0.0196​ 51​ UK Pound Sterling GBP​ 0.0043​ 235​ Pakistan Rupee Rates, Against US Dollar (USD)​ Last Day Difference 1.5​ 0.78%​ Last Month Difference 6.4​ 3.43%​ Last Year Difference 39.4​ 25.65%​ ​ US Dollar Rates Today​ Pakistan Rupee yesterday performance against USD shows decrease in PKR 1.5 or 0.78% in value. Monthly USD to PKR fluctuation during the last 30 days shows increase by PKR 6.4 and 3.43 in term of percentage, Yearly performance of US Dollar to PKR difference shows 1 US Dollar increase by PKR 39.4 and 25.65% in value. FOREX.pk also provide easy to currency conversion tool, by using currency conversion tool you can easily get converted amount in USD to PKR or PKR to USD, click here to use FOREX.pk currency conversion tool.​

 

[maithil]

What are your thoughts about these points ? This analyst might be biased but his points look sensible to be as an outsider.

5 point economic plan:

1. Increase gasoline prices, remove tax exemptions/subsidies (for Rs800 billion) for the corporate sector immediately and get $10bn from the IMF.

2. Impose a financial emergency [Article 235(1)] and ask the provinces to collect at least Rs100bn through higher taxes on land and property.

3. Impose a special emergency tax of Rs.500,000 on vehicles of 1600cc or more. This can bring in at least Rs20bn. Double the electricity tariff on residential properties of 800 sq yards or more,

4. Downsize the federal govt and abolish/downsize all those divisions that handle subjects that have been transferred to the provincial governments. This can bring in Rs30bn. Cut non-combat defence spending by Rs.100bn


5. Ban ALL land allotments and make it mandatory to sell the state land by public auction only and launch a privatization programme to create an investment-friendly environment

https://twitter.com/x/status/1524683586934243328

 

[Wood]

What are your thoughts about these points ? This analyst might be biased but his points look sensible to be as an outsider.

5 point economic plan:

1. Increase gasoline prices, remove tax exemptions/subsidies (for Rs800 billion) for the corporate sector immediately and get $10bn from the IMF.

2. Impose a financial emergency [Article 235(1)] and ask the provinces to collect at least Rs100bn through higher taxes on land and property.

3. Impose a special emergency tax of Rs.500,000 on vehicles of 1600cc or more. This can bring in at least Rs20bn. Double the electricity tariff on residential properties of 800 sq yards or more,

4. Downsize the federal govt and abolish/downsize all those divisions that handle subjects that have been transferred to the provincial governments. This can bring in Rs30bn. Cut non-combat defence spending by Rs.100bn


5. Ban ALL land allotments and make it mandatory to sell the state land by public auction only and launch a privatization programme to create an investment-friendly environment

https://twitter.com/x/status/1524683586934243328

The ideas look good. But most of us will not have enough knowledge about Pakistan to say if the numbers that he has listed here are realistic.

Most important of all, I think it will be very politically unpopular to implement these. I can guess that Shahbaz will implement gasoline price roll back only

 

[AZADPAKISTAN2009]

This is expected , but country first worry about economy later

 

[Ssan]

You guys are over reacting - the current balance excluding debt servicing is only a couple hundred million dollars a month. This can be easily dealt with by increasing interest rates a bit in the short term while gas oil price shocks last. Then go back to IMF, they are asking for very reasonable demand of setting oil prices at international level. This is a basic must frankly no way out of it.

Long term, fix political economy- talk to people about how we need to export instead of import and that things cannot be cheaper than what they are at international price level.

 

[AZ1]

looks like money injected again in 2nd half to make stock market stable

اسٹیٹ بینک کے زخائر 23 ماہ کی کم ترین سطح پر پہنچ گئے

کراچی:(دنیا نیوز) اسٹیٹ بینک کے زخائر میں کمی ، 23 ماہ کی کم ترین سطح پر پہنچ گئے۔

urdu.dunyanews.tv

 

[maithil]

https://twitter.com/x/status/1524786609958400000

 

[SD 10]

https://twitter.com/x/status/1524786609958400000

yesterday i read that reserves were at 10 billion, wherer the hell did 4 bllion go?

 

[AZ1]

yesterday i read that reserves were at 10 billion, wherer the hell did 4 bllion go?

may be injected today in 2nd half of the day you can see all shares from turning red to green after 12pm

 

[SD 10]

may be injected today in 2nd half of the day you can see all shares from turning red to green after 12pm

yeah i was watching closely the stock today and round about 1pm everything went green. But 3,4 billion dollars are alot to spend in one-2 days? doesn`t it?

 

[AZ1]

yeah i was watching closely the stock today and round about 1pm everything went green. But 3,4 billion dollars are alot to spend in one-2 days? doesn`t it?

when pmln came they injected 3 trillion rupes then dollar went down and stock market goes up and green.

 

[Gripen9]

when pmln came they injected 3 trillion rupes then dollar went down and stock market goes up and green.

Welcome back to dakunomics

 

[SD 10]

when pmln came they injected 3 trillion rupes then dollar went down and stock market goes up and green.

these shits never learn!

 

[Black Tornado]

yesterday i read that reserves were at 10 billion, wherer the hell did 4 bllion go?

They’re still almost the same, the tweet clearly says (excluding gold). Those $10 bn includes gold.