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

[Major Sam]

@Major Sam every part in this is being made in Pakistan

Where as HONDA imports most of it's parts. So good news for domestic production.

Do you really believe on it? Nothing is imported in it?

 

[LASER1]

How come rate in open market is less than interbank?

That's their profit. The online rates you see are probably mid-rates - half-way between the buying and selling rates. Not to mention, they also charge small transaction fees above all that.

 

[Major Sam]

@Major Sam every part in this is being made in Pakistan

Where as HONDA imports most of it's parts. So good news for domestic production.

Do you really believe on it? Nothing is imported in it?

Nope no one robbed you. You can buy dollar any time from open market. why didn't you?

So let me know whats the rate of dollar. Few weeks ago if i had 10000. So now i can buy how many dollars. Seems m getting richer by money devaluation. With out strong manufacturing base these are wortheles practices. Sorry to say even bangladesh is better in this regard. Even we have way better industry than them. But still they outpace us.

 

[BHarwana]

You talked about Qmobile and i asked you what part of it is made jn Pakistan.
Let me know if any of your mobile or pc or laptop is made in pakistan.
Till that by just devaluing our own money we are making alot of things expensive. Its way better to jist out double or tripple tax on luxiours items rather than looting money from common man by making it worthless.

For common man when it comes to dollar he only has few things to face. like medication and rest and those are subsidized. High Dollar price is bad news from Importers but good news for exporters. Now like you said we don't make any part of Q-moblie but now that parts will get expensive so companies will be forced to make them domestically.

 

[slapshot]

Nope no one robbed you. You can buy dollar any time from open market. why didn't you?

G bhai jaan jaa kar kharidin, phir app ko he aa k pakrin gay ka dollars stock kar rhay hin. This is total chuityapa from GOVT.

 

[Sine Nomine]

Great...
Everything is going according to the plan.

Shut up.....loud mouth.....you are spoiling our plans of takeover.
Another word in public and you are excommunicado.

 

[Major Sam]

@Major Sam every part in this is being made in Pakistan

Where as HONDA imports most of it's parts. So good news for domestic production.

Do you really believe on it? Nothing is imported in it?

Nope no one robbed you. You can buy dollar any time from open market. why didn't you?

So let me know whats the rate of dollar. Few weeks ago if i had 10000. So now i can buy how many dollars. Seems m getting richer by money devaluation. With out strong manufacturing base these are wortheles practices. Sorry to say even bangladesh is better in this regard. Even we have way better industry than them. But still they outpace us.

For common man when it comes to dollar he only has few things to face. like medication and rest and those are subsidized. High Dollar price is bad news from Importers but good news for exporters. Now like you said we don't make any part of Q-moblie but now that parts will get expensive so companies will be forced to make them domestically.

Lets start from 2005 at that time dollar was around 60. Now its 125. Does it force manufacturers to made things locally.
Man you are just arguing for the sake of arguing.

G bhai jaan jaa kar kharidin, phir app ko he aa k pakrin gay ka dollars stock kar rhay hin. This is total chuityapa from GOVT.

He doesnt understand the basics. Even if you go to market to buy dollar it will cost you ariund 128 130. And when you exchange it you will get 120 122. Lol

 

[LASER1]

Yuan is still the same in Pakistan. Rs 18.1

Don't google that. That rate is wrong.

 

[BHarwana]

According to WTO you cannot impose excessive duties on foreign imports so the only way left is to devalue currency to stop imports. This will angry many whose business are import based but help those whose business is export based.

 

[Novice09]

Yes people are losing money who buy imported commodities. With Dollar going up this will makes imports expensive and domestic production cheap. I think Govt should depreciate the rupee value more to make the economy more production based this will help Pakistan in growth.

Literally... I sometimes wonder about the economic experts on PDF... depreciation of currency is good for Pakistan or even India is like saying... I want to demolish my wooden house to make furniture for it...

Depreciation of PKR will have a catastrophic effect on Pakistani economy... you guys are not a manufacturer... from arms to amenities are imported by you...

Kindly make a list of product you use daily and see which one are imported and which one are exported by your country...

I'm giving you an example for better understanding... because of my father's hobby I.e., farming... our family don't buy most of the food items like rice, wheat, pulses, vegetables and cooking oil from market but... my country is heavily dependent on imports for pulses and cooking oil...
Thus India need to pay more to the world for fulfilling their demand...

You can also use one more simple logic... see the trend of price movement of daily use products...

If you still feel that depreciation of PKR is good... let me know... I will try to help you with whatever little knowledge I have...

 

[El Sidd]

Shut up.....loud mouth.....you are spoiling our plans of takeover.
Another word in public and you are excommunicado.

holy shit no one told me........ i just sent the 111 brigade on poondi checks

 

[Sine Nomine]

G bhai jaan jaa kar kharidin, phir app ko he aa k pakrin gay ka dollars stock kar rhay hin. This is total chuityapa from GOVT.

You can't buy dollors today from Pakistan,without telling and writing a whole reason for buying.
In some cities,dollor purachse has been almost stopped.

 

[illusion8]

Nope not every thing is imported. Many car parts are made in Pakistan but car manufactures don't give contracts to local producers and import stuff now they will give contracts to local producers. People will buy less clothes from Gucci and Armani and buy more that are produced in Pakistan. People will buy less Iphone and buy more Q mobile
There is a huge list of stuff. This is good for economy.

In the international market Pakistani goods will be cheap now and thus will give more competition to other goods Exports will go up.

Bad new for those who prefer luxury life good news for a common man. Bad news for those who buy dollars and keep them in international banks and good news for those who bring money to Pakistan.

Your petroleum bill goes up, so does its price and simultaneously. rates of everything goes up. Common man is the most effected.

 

[slapshot]

He doesnt understand the basics. Even if you go to market to buy dollar it will cost you ariund 128 130. And when you exchange it you will get 120 122. Lol

Bhai jaan nay lagta hay kabhi dollar kamai nehin hin is liay inko idea nehin k kitni takleef hoti hay jab deprecation hoti hay.

You can't buy dollors today from Pakistan,without telling and writing a whole reason for buying.
In some cities,dollor purachse has been almost stopped.

Exactly... Har banda 21 grade ka philosopher laga hota hay public forums par.

 

[BHarwana]

Lets start from 2005 at that time dollar was around 60. Now its 125. Does it force manufacturers to made things locally.
Man you are just arguing for the sake of arguing.

No I am not arguing for the sake of Argument. This is basic economics. China purposely devalued their currency for ages to gain their current economy. Remember the time people use to say that this is made in China and now every thing is made in China.

@Major Sam here is what I am saying please read

China's currency devaluation is just getting started

http://www.businessinsider.com/china-currency-devaluation-just-getting-started-2016-2


CPEC needs a production based economy and currency going down is important for it.


Afghan Currency is higher than ours so does it makes Afghanistan a bigger economy? NO. Low value is good for us.