OMG Dollar selling at the rate of Rs.120 in open market

[BHarwana]

When the British hand was still fresh on Pakistan. In 1948 two years after British left $1 was equal to Rs 3.3

https://www.opfblog.com/7786/historical-chart-of-pakistan-rupee-exchange-rate-vs-us-dollar/

I don't know what will happen but USD worth of Pkr 800 billion will be dumped in market and price will go down very hard for dollar in Pakistan so the best thing is to sell your dollar now.

 

[Verve]

I don't know what will happen but USD worth of Pkr 800 billion will be dumped in market and price will go down very hard for dollar in Pakistan so the best thing is to sell your dollar now.

Where is this $8bn coming from?

 

[greenblooded]

@BHarwana any truth to this?

Beijing Today
27 July 2018
According to Beijing Today News paper China is going to inject USD 100Billions in Pakistan economy to maintain stability of CPEC , USD values will go further down gradually. Predictably $ can go down to PKRS 98/= .

 

[BHarwana]

Where is this $8bn coming from?

This was the amount of money that was wiped of PSX when it crashed from 53000 points and went into USD. Now this money will travel back to PSX and will sell the USD thus crashing the price of USD further this was my personal long term observation. I have been trying to track the last crash of PSX and was trying to locate the money where it was invested and large portion of it went into foreign currency. Which Imran Khan winning this money started to emerge back as dollar started crashing people have started to sell.

 

[Dark-Destroyer]

@BHarwana any truth to this?

Beijing Today
27 July 2018
According to Beijing Today News paper China is going to inject USD 100Billions in Pakistan economy to maintain stability of CPEC , USD values will go further down gradually. Predictably $ can go down to PKRS 98/= .

thats a lot of money
i read about Saudi giving 1 billion usd

 

[BHarwana]

@BHarwana any truth to this?

Beijing Today
27 July 2018
According to Beijing Today News paper China is going to inject USD 100Billions in Pakistan economy to maintain stability of CPEC , USD values will go further down gradually. Predictably $ can go down to PKRS 98/= .

Not sure bro on this. The Chinese loan is not yet in market. The dollar crash is not linked to it. It could be a price driving factor but it is not practically doing it as the Chinese loan has yet to enter market and this loan is waiting for PTI govt to form then it will come to market.

 

[Verve]

@BHarwana any truth to this?

Beijing Today
27 July 2018
According to Beijing Today News paper China is going to inject USD 100Billions in Pakistan economy to maintain stability of CPEC , USD values will go further down gradually. Predictably $ can go down to PKRS 98/= .

Basically, wiping out IMF (& Western influence/pressure).

$100bn of Chinese investment (FDI) will turn Pakistan around very quickly. If IK can secure this.

 

[BHarwana]

The fall in dollar price and rise in PSX is also pumping foreign exchange into the country just in today's date the inflow of dollar was greater than the out flow and this will result in an inflation is real estate so my advice is that real estate is going to go up because of over sea Pakistanis investing in it. Plus there is also foreign investment coming into country. 2 new Chinese car manufacturers have entered Pakistan and more foreign investment is coming in. What I can understand that dollar will take a further hit down in ext week as well.