MSCI Downgrades Pakistan to Frontier Market After Four Years

[Patriot forever]

Imports are more now even after devaluing currency 30%. 6.5 billion dollar in just 1 months. You guys were saying it's ok because you are blind you do not have any justification to defend devaluation. Imran Khan only increased 600 million export after devaluating the currency 30% and give trade deficit of 7.5 billion dollar in just 2 months.

Beta CAD even in August will be less than 2018.

Exports takes time to grow, we have to build the capacity and competitiveness which got eroded after artificial currency manipulation. The textile sector took the major hit with machinery being sold for scrap at less than the price of tomatoes during plmn. We are increasing instead of decreasing.

Calculate how much the revenue of our export industries is in rupees after devaluation. Not only now they are more profitable but also have excess capital to invest in capacity building.

 

[Desprado]

A retard from next capital is taken so much seriously these days. Half of his takes are just plain retarded.

People think 1.9% weight of the frontier market is permanent. The lot don't even know it is temporary and will only increase from that.

Just a day ago a new IPOs book building started, octopus digital was 27 times oversubscribed(not that it has anything with EM or FM). Just showing you the sentiments. And about the FIPI/LIPI data of the last 3 years, foreigners have been net sellers for the last 3 years and all that selling was absorbed by the locals. So yes going from Emerging to Frontier will definitely bring foreign investment like before.


View attachment 777330

Bhai local investment means zero. We have now lowest share of Foreign investment in our stock exchange even lower than Sri Lanka.

PSX needed forigen investment but in 2018 crisis and Asad Umar delayed IMF program caused major outflows from PSX. Even Imran said 6 to 7 times in 2020 Interview to Ary, 92 News, Dunya News, Express News, Sama News etc that "My biggest mistake was not go IMF from the first go and some people in cabinet (Asad Umar) made me believe that by taking loans from KSA, UAE, China would avoid us going to IMF but we were totally wrong and it biggest regret that we did not go IMF from get go".


We need inflows of dollar and local investment means zero in stock exchange. We need foreigner to attack PSX globally.

Beta CAD even in August will be less than 2018.

Exports takes time to grow, we have to build the capacity and competitiveness which got eroded after artificial currency manipulation. The textile sector took the major hit with machinery being sold for scrap at less than the price of tomatoes during plmn. We are increasing instead of decreasing.

Calculate how much the revenue of our export industries is in rupees after devaluation. Not only now they are more profitable but also have excess capital to invest in capacity building.

Lol your donkey Khan hired FM is saying this

" Mr Tarin said that ‘speculators’ created artificial demand. However, he admitted that there is pressure on exchange rate mainly because of speculation over balance of payment issues because of rising import bill. “This is not sustainable and has no base for support,” the minister warned speculators and predicted it will come down "

"The State Bank of Pakistan is watching the situation and will intervene when required,” the minister said. However, he did not mention the level when it will make it compulsory for SBP to intervene."

"The minister said that the current exchange rate at Rs166 or Rs167 is almost 98pc real exchange rate. He brushed aside the speculation that exchange rate will cross Rs174 or beyond."


In free floating exchange rate speculation attack is major major criminal offense, and purpose of state bank is stop this and if he does not than he has also committed crime.

Talks with IMF for sixth tranche to start by month-end

Tarin terms dollar’s surge against rupee ‘speculative’.

www.dawn.com

I told kids like you that this currency movement was not neutral you said it is natural. Now your Donkey Khan FM is saying is Artificial and Speculative attacks that has come play.

 

[RIP Pak LAW]

View attachment 777325

In FY 19, Pakistan was already exporting over $24.2 billion and in FY 21 it went up by just 1,4 billion (less than 5%) after a record devaluation. If that is something to be proud of, only GOD can help Pakistan.

How conveniently you ignored corona affect. Had it not happened, Pakistani exports would had been $28 billions by now. P.S. IT sector is not added in this exports figure.

 

[Desprado]

How conviently you ignored corona affect. Had it not happened, Pakistani exports would had been $28 billions by now. P.S. IT sector is not added in this exports figure.

PTI only beat PPP exports 31 billion of 2011 by 1 million. In PPP, currency rate was PKR 80 against dollar.

 

[Patriot forever]

Bhai local investment means zero.

This sums up your intellectual capacity. I need not say more.

 

[RIP Pak LAW]

PTI only beat PPP exports 31 billion of 2011 by 1 million. In PPP, currency rate was PKR 80 against dollar.

and that time there was less competition. Bangladesh was behind you.

 

[Desprado]

This sums up your intellectual capacity. I need not say more.

No. Any kind of stock exchange requires inflows that is why you are loser in real life like rest of PTI fanboys.

Any kind of stock exchange value is determined in inflows and dollar not local currency.

and that time there was less competition. Bangladesh was behind you.

Consumption can only be stopped when you do not force negative interest rate. Right now negative interest rate is -3. This is totally on PTI they are forcing growth due to miscomments of 3 years that devaluation brings joy.

 

[RIP Pak LAW]

It was PMLN tenure which managed to f**k Pakistani exports market . Keeping dollar aritifically low cost us badly. Our exports during their time even felt to $20 billions from $23 once. They allowed Bangladesh to surpassed us easily.

Anyways by the end of 2023, I am expecting Pakistan, under PTI led Govt to touch $28 billions atleast.
Afghanistan, which used to import from India, by passing Pakistan on political grounds, will now be importing from us directly. Better transactional checks at the border will also minimized illegal trade so I am expecting increase in $500 millions exports to Afghanistan immediately. In next 6 months, we will notice the hike in our exports to Afghanistan market.

 

[Desprado]

It was PMLN tenure which managed to f**k Pakistani exports market . Keeping dollar aritifically low cost us badly. Our exports during their time even felt to $20 billions from $23 once. They allowed Bangladesh to surpassed us easily.

Anyways by the end of 2023, I am expecting Pakistan, under PTI led Govt to touch $28 billions atleast.
Afghanistan, which used to import from India, by passing Pakistan on political grounds, will now be importing from us directly. Better transactional checks at the border will also minimized illegal trade so I am expecting increase in $500 millions exports to Afghanistan immediately. In next 6 months, we will notice the hike in our exports to Afghanistan market.

Is it job of PMLN right now to stop Articifial demand of dollar and speculative attacks because Imran again paused IMF program so that he could give a lollipop of early election?

Talks with IMF for sixth tranche to start by month-end

Tarin terms dollar’s surge against rupee ‘speculative’.

www.dawn.com

 

[Patriot forever]

No. Any kind of stock exchange requires inflows that is why you are loser in real life like rest of PTI fanboys.

Any kind of stock exchange value is determined in inflows and dollar not local currency.

Consumption can only be stopped when you do not force negative interest rate. Right now negative interest rate is -3. This is totally on PTI they are forcing growth due to miscomments of 3 years that devaluation brings joy.

Idiot.

Inflows are inflows be it foreign or domestic. Share values are in rupees or dollars? Profits are paid in rupees or dollars?


How is the interest rate -ve 3 ?

Last year it was - ve1.9%.
This year it is upto date - ve1.45%

Same as India which RBI is expecting in the range of - ve 2%.

 

[Death Professor]

Bhai local investment means zero. We have now lowest share of Foreign investment in our stock exchange even lower than Sri Lanka.

PSX needed forigen investment but in 2018 crisis and Asad Umar delayed IMF program caused major outflows from PSX. Even Imran said 6 to 7 times in 2020 Interview to Ary, 92 News, Dunya News, Express News, Sama News etc that "My biggest mistake was not go IMF from the first go and some people in cabinet (Asad Umar) made me believe that by taking loans from KSA, UAE, China would avoid us going to IMF but we were totally wrong and it biggest regret that we did not go IMF from get go".


We need inflows of dollar and local investment means zero in stock exchange. We need foreigner to attack PSX globally.

You need both local and foreign investment in YOUR companies. You can't expect Pakistan to compete with India, China, Taiwan, Malaysia etc in EM. We DID NOT deserve to be classified in that category, plain and simple. That's why our share was a meager 0.02%. We can perform way better in FM and 1.9% is only a start. The government has to show something before the elections, the GDP numbers, the LSM and the PSX are the only things that will see a rise in the last two years. Majority of the analysts are predicting the market to go up in these last two years. The scrips which are listed in MSCI are sitting at the bottom of their levels, be it banks, oil and refineries, or cement, they can't go down any further(since their quarterly and annual results have all been positive). They drive the KSE 100 index, they already made their uptrend and then corrected after the corona virus. The index can't go down any further(unless there is some world catastrophe). Only retards are creating a little panic about the classification. You will see index hitting 50k in the coming months and bookmark this thread. You will see foreign investment starting from November. And btw, local investment doesn't mean zero. Investment is investment be it local or foreign. Currently, PSX stocks are super lucrative when compared to any other Asian markets, with high EPS and low P/E ratio and this is what will net us an advantage in the FM.

 

[RIP Pak LAW]

Apparantly 4% GDP has given non stop heartattacks to PMLN supporters. I just cannot imagine what will happen to them when Pakistan GDP will cross 5% by the end of this current fiscal year.

 

[Desprado]

Idiot.

Inflows are inflows be it foreign or domestic. Share values are in rupees or dollars? Profits are paid in rupees or dollars?


How is the interest rate -3 ?

Last year it was - ve1.9%.
This year it is upto date - ve1.45%

Same as India which RBI is expecting in the range of - ve 2%.

Any kind of stock market value in determained in dollars not local currency. The way you are giving example than All Iran stock exchange more rich than US stock exchange.


Negative Interest Rate Side effects. Forced Growth, Too much believe on PTI twitter slides leads too this. Negative interest rate will increase more to 3% as on 20th September the inflation figure will be over 9. If they force negative interest rate more and than more dollar outflows, CAD unstoppable, and less exports.

https://twitter.com/CapitalStake?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Highest Inflation after Iran. Donkey Khan Magic.

https://twitter.com/x/status/1419592978704777218

That inflation figure lead to forced growth and delayed IMF program. This what happens when you give lollipop of devaluation since 3 and now Speculative attacks and creates more Artifical demand because not all people are PTI donkey brain who believe Imran Khan and invest in PKR. Everyone like rest of the country will buy dollars and create more panic in the market PKR since 5 months is only sliding and it is not flexiable exchange rate or market base anymore. It is predictable exchange. Do google on it you will find out the Richards method of what happens if you just on a seat and give excuse of everything is stable in the currency market.


You will see 2 things now. If dollar slides more than export will hurt 100% and import will increase more. This will lead to major interest rate hike, which might lead to fire of Reza Baqir or otherwise FM will get fired.

You need both local and foreign investment in YOUR companies. You can't expect Pakistan to compete with India, China, Taiwan, Malaysia etc in EM. We DID NOT deserve to be classified in that category, plain and simple. That's why our share was a meager 0.02%. We can perform way better in FM and 1.9% is only a start. The government has to show something before the elections, the GDP numbers, the LSM and the PSX are the only things that will see a rise in the last two years. Majority of the analysts are predicting the market to go up in these last two years. The scrips which are listed in MSCI are sitting at the bottom of their levels, be it banks, oil and refineries, or cement, they can't go down any further(since their quarterly and annual results have all been positive). They drive the KSE 100 index, they already made their uptrend and then corrected after the corona virus. The index can't go down any further(unless there is some world catastrophe). Only retards are creating a little panic about the classification. You will see index hitting 50k in the coming months and bookmark this thread. You will see foreign investment starting from November. And btw, local investment doesn't mean zero. Investment is investment be it local or foreign. Currently, PSX stocks are super lucrative when compared to any other Asian markets, with high EPS and low P/E ratio and this is what will net us an advantage in the FM.

This government will only show devaluation. PTI fanboys will take PKR 200 and say our Captain has done double century without any increase of export or decrease in imports. They will say double digit inflation is blessing for Pakistan and we will vote for Imran Khan again so that he can take PKR to 400 against dollar to do 2nd double century and that how PTI fanboys brain functions.

Apparantly 4% GDP has given non stop heartattacks to PMLN supporters. I just cannot imagine what will happen to them when Pakistan GDP will cross 5% by the end of this current fiscal year.

GDP is even 3% does not matter. Matter is stability and what will PTI to the GDP if takes currency from 152 to 180? Only creates crisis and dollarization recipe.

 

[Patriot forever]

Any kind of stock market value in determained in dollars not local currency. The way you are giving example than All Iran stock exchange more rich than US stock exchange.


Negative Interest Rate Side effects. Forced Growth, Too much believe on PTI twitter slides leads too this. Negative interest rate will increase more to 3% as on 20th September the inflation figure will be over 9. If they force negative interest rate more and than more dollar outflows, CAD unstoppable, and less exports.

https://twitter.com/CapitalStake?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Highest Inflation after Iran. Donkey Khan Magic.

https://twitter.com/x/status/1419592978704777218

That inflation figure lead to forced growth and delayed IMF program. This what happens when you give lollipop of devaluation since 3 and now Speculative attacks and creates more Artifical demand because not all people are PTI donkey brain who believe Imran Khan and invest in PKR. Everyone like rest of the country will buy dollars and create more panic in the market PKR since 5 months is only sliding and it is not flexiable exchange rate or market base anymore. It is predictable exchange. Do google on it you will find out the Richards method of what happens if you just on a seat and give excuse of everything is stable in the currency market.


You will see 2 things now. If dollar slides more than export will hurt 100% and import will increase more. This will lead to major interest rate hike, which might lead to fire of Reza Baqir or otherwise FM will get fired.

This government will only show devaluation. PTI fanboys will take PKR 200 and say our Captain has done double century without any increase of export or decrease in imports. They will say double digit inflation is blessing for Pakistan and we will vote for Imran Khan again so that he can take PKR to 400 against dollar to do 2nd double century and that how PTI fanboys brain functions.

Real interest rates are calculated on yearly basis. Real interest rates were less than - ve 2%.


We should propabaly burn dollars to support currency, DARCONOMICS ( Burning dollars to control inflation to balance off the SBP printing amounting to 7t in his tenure. Fueling consumption. Decreasing Exports and increasing imports sending us to IMF)

At this point you are only making fun of yourself. People are paying for the massive damage done by plmn. We are slowly crawling our way out of it.

Exports will be around $27b this year .







Our reserves will be stable. No burning of dollars equates to sustainable growth.

 

[Death Professor]

This government will only show devaluation. PTI fanboys will take PKR 200 and say our Captain has done double century without any increase of export or decrease in imports. They will say double digit inflation is blessing for Pakistan and we will vote for Imran Khan again so that he can take PKR to 400 against dollar to do 2nd double century and that how PTI fanboys brain functions.

It's market-dependent now. If coal and oil prices rise internationally and your internal cement and oil demands remain the same what do you think dollar ruppee price should do? Should it go up, down or remain the same? When cement demand is high, and international coal prices are high, of course, it is going to affect your import bill, which in turn will affect the dollar rate, which in turn will make cement expensive. And some sectors do get benefit out of dollar rate e.g; textile. And it's not like coal/oil/scrap or whatever we import those prices would always remain high, they will eventually come down. Steel is expensive because China curbed their scrap/iron ore export. Some sectors which are import-dependent definitely are under pressure, but those are only because of high local demand and high international prices. One has to look holistically for what is really going on. Sticking to just one or two parameters like dollar rate, inflation rate doesn't show a clear picture.

Show me a high market cap company from PSX that is showing losses(except Hascol, that's a mega scandal except that). DGKC, LUCK, OGDC, PPL, PSMC, INDUS etc all showing earnings be it quarter-wise or year-wise.