Pakistan Rupee now at Rs 125.5 to a US dollar in Interbank Market

[hum watan]

I read your post on a few pages back....
You were defending this meltdown, then why do you want it to last for onlyb15 days more?? Let it Jeep going

He does not know much about the topic in hand and blabber from his rear on every thread. Ignore him.

 

[hassan zohaib]

We all know this is not an easy issue.

Our educated leave as soon as they can to the West and the elites who are left end up working at multi-nationals or banks.

Who is going to actually take a risk and start a business ? The poor child laborer who has no education and no money and no idea what the international market wants?

Our people need to grow up and start opportunities here instead of going abroad and working as warehouse workers in Houston or Manchester. They need to take their studies abroad seriously and network and find out how they can come back to Lahore or Karachi and start an export orientated business instead of making money off real estate or selling overpriced gaudy clothing to their fellow elites in Lahore.

That's what i was trying to say when i employed the term economic pact...
We have 2 make first pact then the suggested steps would b possible to implement otherwise any single step would be like gasping in the dark..
Got my point bro...?

 

[Fireurimagination]

Pakistan's remittance is quite healthy, it needs to improve exports, there is potential in service exports (IT & ITes) $ 5 billion vs $ 125 billion of India. Pakistan can easily quadruple it's IT exports in 2-3 years if it works especially on its image.

 

[Kuru]

Pakistan's remittance is quite healthy, it needs to improve exports, there is potential in service exports (IT & ITes) $ 5 billion vs $ 125 billion of India. Pakistan can easily quadruple it's IT exports in 2-3 years if it works especially on its image.

India's IT export in 2017 was $160 billion. Just FYI

 

[hum watan]

Pakistan's remittance is quite healthy, it needs to improve exports, there is potential in service exports (IT & ITes) $ 5 billion vs $ 125 billion of India. Pakistan can easily quadruple it's IT exports in 2-3 years if it works especially on its image.

IT lol. Pakistan import everything from needle to Car. There is a misplaced impression that a lot of ‘luxury goods’ are being imported. The proponents of this notion often refer to high imports of ‘food items’ worth over $5bn and mobile phones of $500m. However, a closer look reveals that most of the food items imported consist of edible oils (about $2bn); pulses ($831m); tea ($517m); infant milk ($235m); spices ($118m) and other such products. If we produce zilch in Pakistan then we will have import all fooking things.

 

[Skull and Bones]

Pakistan's remittance is quite healthy, it needs to improve exports, there is potential in service exports (IT & ITes) $ 5 billion vs $ 125 billion of India. Pakistan can easily quadruple it's IT exports in 2-3 years if it works especially on its image.

The fear of inflation and depreciation of rupee will put a dent on that remittance figure.

 

[ghazi52]

 

[GodToons]

With no trolling intention..
No one actually trying to zeroing on reason for this currency depreciation. With no foreign currency reserve support and manufacturing capability of even regular stuff, Govt may have to do some compromises to avoid default.

 

[jupiter2007]

It will probably go to 150 to 160 by December and if PMLN comes in the power again it will go to 250.

 

[ghazi52]

Rs. 130

 

[Sugarcane]

Rs. 130

Do note that Bharati is legtimate word but Hindustanis used to complain for using it, even PDF moderation agreed with them, Now I have to type much longer word Hindustanis for them.

BTW, is there anyone else who used to get pocket money in Paisa or I am the only legend?

 

[Indus Priest King]

$1 = 111 Japanese Yen
$1 = 1126 South Korean won

I think some of you need to go learn how economics work. Those who are ignorant and illiterate in economics and third world countries tend to compare their currencies with the $US dollar.

Kind of funny.