Pakistan foreign reserve fall by 663 million dollar during on 17th September week.

[Bilal.]

When he gets fired market it self will be disaster because it will be a 5 time PTI naya Pakistan FM fired. Like 7th FBR changed, 4 BOI changes etc.

It happens when there no plan and PTI had no plan expect on twitter slides, which trust more than your life on it that why you are also does not use common sense.

Ok so 16 days the default is happening. Let’s see in 16 days.

 

[Desprado]

Ok so 16 days the default is happening. Let’s see in 16 days.

This is happening

https://twitter.com/x/status/1441064333769945102

https://twitter.com/x/status/1441268940735270916

https://twitter.com/x/status/1441014994846556162

PPP>>>>>>>>>>>PMLN=PTI


However, PTI is clueless party ever and all FM are hired or rented from PPP.

 

[Bilal.]

This is happening

https://twitter.com/x/status/1441064333769945102

https://twitter.com/x/status/1441268940735270916

https://twitter.com/x/status/1441014994846556162

PPP>>>>>>>>>>>PMLN=PTI


However, PTI is clueless party ever and all FM are hired or rented from PPP.

Let’s revisit the topic in 16 days.

 

[AZADPAKISTAN2009]

if things are so good, why is pkr falling like a rock ?

why in inflation percent ?

Too much of something = makes prices fall
​

There are too many Rupees in circulation

• During Musharaf's time he openly did barter trade with other nations so we did not had to buy dollar to do our external trade
• This was the only time in Pakistan's history that Rupee value fell down drastically

Pakistani Traders give up rupee back to state bank and get dollar to complete the trade
This circulates the rupee back into Local Market

I am sure also the external traders who are getting their profits they are opting to convert it into Dollar and saving it , thus ,they are not buying back Rupee , again leaving a large quantity of Rupee in circulation

It is time Pakistan introduce new Currency Tender , and reduce the quantity of Rupee in circulation



Someone in Pakistan in charge of Finance Matters feels Lowering Pakistani Currency benefits Pakistani Exports, so devaluation is done !!!

SOMEONE ?? = Lets identify who that is?​

• This person may believe reducing the value of Currency is needed in order to sell Pakistani Goods overseas (Export)
• While Devaluation increases your Export figures , the money to send out for oil and gas (Imports) goes up !!!

 

[Pak Nationalist]

Exactly it happened because SBP did not find dollar to pay debt because they have exhausted all the option on PKR and CAD, which is why PKR value is gone above 169.20 in interbank and they had to pay from reserve. Read this Pakistan only paid above 400 million from reserve and only paid when it had outflow of hot money.

BOP started in just 2 months and we have to pay massive 1 billion dollar on 13th of October of International bond maturity. Some PTI fanboys were lauhging that i am making things up. Whole market is gone negative in just 2 months time because PTI growth was based car import growth.

https://twitter.com/x/status/1441226069130899460

https://twitter.com/x/status/1441268940735270916

All PTI growth based on car growth nothing more and they have ordered booked so many cars that impossible to import now.

PTI fanboys think inflation means growth and devaluation means more growth.

It is a bit of an exaggeration to call it a car-based import growth. Typically import growth brings in a windfall of tax revenue from customs duties as well. Showing robust revenue collection growth might have been given priority by the government in its quest to continue the IMF program. The car imports accounted for some 450 million USD in the past two months. Record high global commodity prices and food insecurity have swollen the volume and value of imports in dollar terms. However, each dollar is important in the current circumstances. It was beyond reckless to allow luxury imports and near-criminal to subsidize these, with banks providing car financing loans at low markup (linked to low SBP interest rate) at a time when SMEs can only dream of getting access to cheap credit from banks to modernize and achieve scale (adding productive capacity and value to the economy). As I said once before, in Pakistan insanity is the law of the land. Everyone does the same thing expecting different results in the hope that somehow their attempt at doing something would change the fundamental truths of nature (in this case, economy). Learning lessons is the hardest thing for us Pakistanis.