IMF assumes far less-than-expected rupee fall

[blueazure]

Frankly i think that the current Entrepreneur Class of Pakistan isn't even capable of pulling this off. May to next generation is capable enough.
.

have you ever done a business in your life ? do you know how its like to run a business here in pakistan ?

 

[HAIDER]

In my opinion, 100 rupees to a dollar should be a target for Pakistan in very near future after rupee gain stability in few years.
Dar caused Pakistan untold damage by artificially supporting the rupee. The crook manipulated all the data, he also bought dollars on high interest rate to keep in the SBP to achieve a completely arbitrary exchange rate.

With rapid development in next few years, the rupee would settle naturally and according to the market force close to 100 rupees to a dollar.

Don't touch or control the dollar , let it flow with the market. Economy automatically adjust itself. No need for any artificial juggling .

 

[Zhukov]

have you ever done a business in your life ? do you know how its like to run a business here in pakistan ?

Well for starters i am a Chartered Accountant and a Management Consultant, I might know a thing or two about the Business Operations of my Employer (As GM Accounts and Finance), my Clients and Industry as a whole.

 

[blueazure]

Well for starters i am a Chartered Accountant and a Management Consultant, I might know a thing or two about the Business Operations of my Employer (As GM Accounts and Finance), my Clients and Industry as a whole.

nice

but with all due respect sir, being a professional ( no matter how accomplished or qualified ) and working for someone is far different vs running your own shop for instance .

 

[My-Analogous]

We should promote culture base on local industries like Ruhafza or Pakola. We need to make our industry strong and no body else will do that. Be Pakistani buy Pakistani. I am here in KSA always buy first Pakistani then any Muslim country and if option is not available i will go to China

 

[War Thunder]

How much is it now?

I used to remember in the 90s when I visited pakistan as a kid i would always look for 7 rupees as that was how much a Pepsi bottle was.

Those were good memories of hitting up all mamus and khalas for 1 rupee each

Yeah well I used to look for a rupee or two, 5 rupees will be a huge bonus and go and get some toffees and such as a really small kid back in the 90's.
I remember we used to get like 8 or 10 toffees for one rupee back then, I don't suppose there is any toffee now that is not 1 per rupee.

I don't know the price of the soft drinks now, been a while since I was there, but I suppose its usually close to what is 1.5 Dirhams here as per my previous experience. So might be around 60 - 70 PKR.

 

[jupiter2007]

In my opinion, 100 rupees to a dollar should be a target for Pakistan in very near future after rupee gain stability in few years.
Dar caused Pakistan untold damage by artificially supporting the rupee. The crook manipulated all the data, he also bought dollars on high interest rate to keep in the SBP to achieve a completely arbitrary exchange rate.

With rapid development in next few years, the rupee would settle naturally and according to the market force close to 100 rupees to a dollar.

Let’s hope it’s not temporary and this momentum will continue to create a sustainable economy. We no longer need a temp fix, we need to look at long term solution to all our economic problems we have faced in last 40 years.
Farming need water and industries need electricity.
Our population is growing every year and agriculture production is decreasing every year. Farming will thrive only when we use advanced technology and techniques to produce more in less time not only to meet domestic requirements but also to export goods. Government has taken the initiative to promote olive farming which will help economy in long run. Government should also promote tea farming in northern areas.
Halal industries is multi-billons dollar industry. We need to build commercial animal farming for halal meat industry. France, Brazil and Austrian are the Pioneers in halal meat industry.

 

[Zhukov]

nice

but with all due respect sir, being a professional ( no matter how accomplished or qualified ) and working for someone is far different vs running your own shop for instance .

What factors do you suggest are holding back our business class from investing in R&D when they have money for investing in real estate and foreign imported Luxury Cars?

 

[blueazure]

What factors do you suggest are holding back our business class from investing in R&D when they have money for investing in real estate and foreign imported Luxury Cars?

1. low level corruption . wapda routinely harasses small factory owners and asks for bribes, otherwise connection is cut. im suffering one such instance.

2. hi utility prices, we have the highest gas tarrifs in the region, manufacturing is not sustainable at such levels hence people are shutting down factories and moving to safe havens or abroad . my partner runs a plastic factory, he's shutting down and moving to canada . another friends runs a cottage farm textile mill printer. he could not replace the printer head thanks to hi dollar price + customs . HE has shut down as well.

3. hi import taxes make raw material expensive .( see pt # 2 )

4. stupid govt and banking regulations., i had to make a payment to USA for a machine, the value was 30,000 USD . the bank asked me to open LC since every transaction above 10,000 USD has to be managed via LC ( as per bank ) .WTF . when the vendor in USA doesnt ask for LC, why is the bank insisting on LC ?

the problem in Pakistan is a plethora of draconian govt institutions and over regulation in every sector . this promotes a culture of corruption . WAPDA has charged us a bill of +6lac ( citing meter calibration ) . now i can pay off the XEN 1 lac bribe and have my connection restored tomorrow or fight wapda over 6 lac and have no electricity till then . ( opportunity and production loss anyway ) . you get the picture ?

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^^ the above are just some minor scruples any business man in pakistan has to face ( on a daily basis ) . and now , on top of all this, the govt is asking to pay income taxes . FBR has been given extreme powers to freeze accounts even ,,

R&D k liye paise kahan se laen ?

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buying luxury cars or real estate ? please show me a law which forbids a person to do so ? is it a crime to buy such things ?