Pakistan on growth momentum continues as PKR reaches to 168 against dollar.

[AZ1]

As Imran Khan growth Momentum is in a swing Pakistan witnessed 60 million dollar outflow in a single day through SCRA highest ever this year. SCRA Account, which is related to foreign investment in local market like equities, stock and PSX witness highest outflow in this year.

Since PTI came there is only outflows from SCRA and low FDI and it has been totally negative due to PTI forced policies, market base currency negative performance in exports and controlling CAD. This what happens when PTI can only fool local investor in the market but with devaluing currency you cannot fool foreigners with massive devaluation. No will invest in country where downgrade becomes a blessing, twitter becomes reality, and devaluation becomes a joy and only a person who no meaning in of life will takes this as a blessing.

India Stock exchange market is 3000 billion dollar and our now? 39 billion dollar after downgrade and devaluation.

Remember foreign investor never buys BS or excuse. Never take joy in devaluation or downgrade and it is a lesson.
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what happened to your stock market prediction? in your earlier threads you said stock market going to crash?

 

[Danish Moazzam]

This guy is hell bent on declaring Pakistan bankrupt

 

[Patriot forever]

foreign investor who put money in PSX , cashes profit in PKR and then has to buy USD at an expensive rate to send it back ?

i dont how devaluation is good for overall economic picture - except for PTI fan boys

Less dollars going out of the country? ☺

You do realize foreign investors also know when the currency is artificially overvalued. They just invest for short term as they know it is never possible for an import oriented country to sustain overvalued currency for long. When the first sign of macroeconomic instability arises they run for the door. Foreign investment was exiting market since FY2017 , and it has been a constant trend. See for yourself the stock market trends from FY 2017.

Liquidity is high among local investors. Octopus IPO was oversubscribed by 27x. That is a record in psx.

 

[Desprado]

Less dollars going out of the country? ☺

You do realize foreign investors also know when the currency is artificially overvalued. They just invest for short term as they know it is never possible for an import oriented country to sustain overvalued currency for long. When the first sign of macroeconomic instability arises they run for the door. Foreign investment was exiting market since FY2017 , and it has been a constant trend. See for yourself the stock market trends from FY 2017.

Liquidity is high among local investors. Octopus IPO was oversubscribed by 27x. That is a record in psx.

Local investing means 0=0


Any Stock exchange worth is calculated is in dollar term not in local currency term. Dhaka Stock exchange has 38% foreign investment and India has 49% of foreign investment . When it was PPP or PMLN we had at least 27% of foreign investment and since PTI came 1st year of 2018 we had 15% foreign investment , 2019 improved to 17%, 2020 same 17.5% and than since April (maybe due IMF delay or Shaukat Tarin hire or can be other reason) our stock exchange has only 7% foreign investment shares left in PSX worse than Sri Lanka. Even Sri Lanka has 19% foreign investment , which is a default country.

People mock me and cruse because i post facts and not see things on goggle of any party.

Devaluation only had negative effects on Pakistan. No export increase, no CAD improvement at all (All parties has done same way as PTI has done 3 years to control CAD ,however, PPP has done far better than any party to control CAD), increased fiscal deficit, local debt, inflation, poverty, recession etc.

Downgrade is downgrade you can justify by any means.

We downgraded simply due to that we did not had the value of 100 billion dollar in our stock exchange as simple as that. Now our stock exchange value is 39 billion dollar and in 2017 it was over 100 billion dollar.

That is what happens when you forceful devalue currency without any plan why are you devaluing the currency.

https://twitter.com/x/status/1435473523351322627

https://twitter.com/x/status/1430060783040442381