Norwegian
BANNED
- Joined
- Aug 19, 2014
- Messages
- 19,001
- Reaction score
- 11
- Country
- Location
We 90 lac overseas Pakistanis cannot really control what local 220 million Pakistanis are importing / exporting in any given time as exchange rate is determined on it. But what we can do is take advantage of high exchange rates for sending remittances and investment in Pakistan as it gives us more rupee assets against our foreign currencies.Let's say PKR devalues another 10% in a year, you tell me what's more important... 10% better value for 10 million expats who contribute USD30bn odd a year, or 10% higher purchasing power for 220 million Pakistanis whose GDP is USD300bn?
What devaluation argument? It's not like govt is deliberately doing devaluation to make IMF, Jews, Qadianis, Aliens, Overseas Pakistanis happy at the expense of local Pakistanis. Exchange rate is automatically determined by market forces of import / export, demand / supply. There is no govt or state bank control in rupee / dollar exchange rate.That’s what I am saying, this devaluation argument isn’t valid. Export sector is shit. Reason being high energy prices (Product is expensive) and unreliable energy supply ( no production).
Last edited: