What's new

Dollar touches Rs100 mark again

Edevelop

ELITE MEMBER
Joined
Feb 2, 2007
Messages
14,735
Reaction score
23
Country
Pakistan
Location
Turkey
KARACHI : Dollar took strength in inter bank and open market against rupee on Friday, it was traded at highest rate of Rs 100 in cash free market. According to the data provided by the Forex Association of Pakistan, dollar traded at lowest rate of Rs 99.90 and highest rate of Rs 99.98 while the US currency traded at minimum rice of Rs 99.80 and maximum price of Rs 100.

Dollar touches Rs100 mark again

Thank You PTI and PAT...
 
.
well at least Pakistan exports to USA will be cheaper to them now.
 
. .
Pakistan Muslim League (N) is yet again proving to be incompetent on the economic front. A bit of wind and the economy is in turmoil.
 
.
More important question is why prices didn't come down when dollar was down.
 
.
KARACHI : Dollar took strength in inter bank and open market against rupee on Friday, it was traded at highest rate of Rs 100 in cash free market. According to the data provided by the Forex Association of Pakistan, dollar traded at lowest rate of Rs 99.90 and highest rate of Rs 99.98 while the US currency traded at minimum rice of Rs 99.80 and maximum price of Rs 100.

Thank You PTI and PAT...

Can't bring Economic reforms and than blame PTI/PAT...No investments coming, debt is at the height in the History of Pakistan both Internal and External. Circular debt again back to where it was. Lying to Pakistanis and IMF at the same time.

@Leader @Akheilos @Jazzbot
 
.
Can't bring Economic reforms and than blame PTI/PAT...No investments coming, debt is at the height in the History of Pakistan both Internal and External. Circular debt again back to where it was. Lying to Pakistanis and IMF at the same time.

@Leader @Akheilos @Jazzbot
Stop with your propaganda. Because of PTI/PAT, the stock exchange has resulted in lose of over $3 billion,

Losses worth Rs300 billion in KSE due to political turmoil: Ishaq Dar | Pakistan Today

Do some research, mr "analyst" then to go around and posting nonsense and baseless propaganda.
 
.
Stop with your propaganda. Because of PTI/PAT, the stock exchange has resulted in lose of over $3 billion,

Do some research, mr "analyst" then to go around and posting nonsense and baseless propaganda.

Yeah right the last gov of mian shahib had collapsed Economically before musharraf takeover, now don't come blaming PTI/PAT for that and certainly not musharraf it was the doing of sharif bradaran maybe you should connect all the dots 97-99 poor performance of Gov.

@Chak Bamu @Fulcrum15 note the personal attack and objection on Title which i have not awarded to myself.
 
.
Stop with your propaganda. Because of PTI/PAT, the stock exchange has resulted in lose of over $3 billion,

Losses worth Rs300 billion in KSE due to political turmoil: Ishaq Dar | Pakistan Today

Do some research, mr "analyst" then to go around and posting nonsense and baseless propaganda.


KSE index was hyper inflated and the way PML brought dollar down was through borrowing tons of $$. PMLN thinks only short term solutions so that they can take credit, which is why despite dollar going down inflation kept going up. You cant artificially control currency rates through loans. Also the recent loans are on really high interest rates the next government will face huge problems because of it.

This is simple economics and in economics you can always borrow for a short term solution but that only makes things work in long term. Which is why real economists are so angry with Ishaq Dar.
 
. .
KSE index was hyper inflated and the way PML brought dollar down was through borrowing tons of $$. PMLN thinks only short term solutions so that they can take credit, which is why despite dollar going down inflation kept going up. You cant artificially control currency rates through loans. Also the recent loans are on really high interest rates the next government will face huge problems because of it.

This is simple economics and in economics you can always borrow for a short term solution but that only makes things work in long term. Which is why real economists are so angry with Ishaq Dar.

Check this out...

In 1999 [Nawaz Gov before ousted due to incompetence] Pakistan’s total public debt as percentage of GDP was the highest in South Asia – 99.3 percent of its GDP and 629 percent of its revenue receipts, compared to Sri Lanka (91.1% & 528.3% respectively in 1998) and India (47.2% & 384.9% respectively in 1998). Internal Debt of Pakistan in 1999 was 45.6 per cent of GDP and 289.1 per cent of its revenue receipts, as compared to Sri Lanka (45.7% & 264.8% respectively in 1998) and India (44.0% & 358.4% respectively in 1998). Same stupid team at works...
 
Last edited:
.
Yeah right the last gov of mian shahib had collapsed Economically before musharraf takeover, now don't come blaming PTI/PAT for that and certainly not musharraf it was the doing of sharif bradaran maybe you should connect all the dots 97-99 poor performance of Gov.

@Chak Bamu @Fulcrum15 note the personal attack and objection on Title which i have not awarded to myself.

HAHA. So funny. Can't argue, so you bring up 15 year old goverence? That time, and now, is largely different. Pakistan was facing immense sanctions then, due to nuclear tests.

Here, I'll quote you and make it bold so you can read it easily.


No investments coming,

Ishaq Dar said that Chinese government has committed investment worth $16 billion for hydal, thermal, wind and solar power projects in Pakistan which would be completed in next three to four years ensuring provision of cheap electricity to the people.
Journey to economic progress to continue: PM

debt is at the height in the History of Pakistan both Internal and External.

And how else is Pakistan to operate country, without having debt? Almost every country has debt in the world. US has 17 trillion dollars of debt. Pakistan can't just magically start finding tax evaders in one year. It takes time to raise taxes, so Pakistan has to settle for loans to fast track on development scheme.

Circular debt again back to where it was.

This is what happens when people don't pay electricity bills. Wasn't it Shukat aziz, who introduced the rapid expansion of imported oil to run bijli producers? Yes, it was him. Because of that, gov't has to provide subsidy, as no one wants to pay tens of rupees per unit for electricity.

Lying to Pakistanis and IMF at the same time.

LOL. Golden one. How much Imran lied to the nation? Well, that may be off topic. But here's a good rebuttal. If Pakistan was lying to IMF, they would stop giving loans to Pakistan, simple as that.


When faced with facts, you go and call mods instead of giving factual proofs. Face it, you are PTI fan and are indulged in a scheme to hamper a democratic goverence which was elected with heavy mandate. People like you have ruined Pakistan. With no understanding of economy, you come here and spread false information. When you're met with proof, you go back to "BUT, BUT, BUT 1999 PMLN did this, did that." Boy, come out of the 1999 bubble. That's history. It was 15 years ago. It's time to move on and look at current situation. Pakistan is progressing, not reveresing .
 
.
KSE index was hyper inflated and the way PML brought dollar down was through borrowing tons of $$. PMLN thinks only short term solutions so that they can take credit, which is why despite dollar going down inflation kept going up. You cant artificially control currency rates through loans. Also the recent loans are on really high interest rates the next government will face huge problems because of it.

This is simple economics and in economics you can always borrow for a short term solution but that only makes things work in long term. Which is why real economists are so angry with Ishaq Dar.
I wasn't talking about currency, but about the state of impact these protests have carried.
When there are protests against gov't, stock market has hard time. For example, stock exchange crashing when a president or PM is assassinated.
 
.
. .

Latest posts

Pakistan Defence Latest Posts

Pakistan Affairs Latest Posts

Back
Top Bottom