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

[BHarwana]

you forget the current financial situation of your country... your imports are higher than your exports...

You are looking at the financial situation of the country but neglecting the current development situation in the country. Lets take it this was Pakistan has seen a rise in the export industry of some sectors by 20% where as other sectors were suffering because of low dollar price. Just for example lets take one commodity chilly of Pakistan was suffering export to EU because of high price so now that Dollar went up those commodities also have their say in international market.

 

[SunilM]

 

[CHACHA"G"]

As soon it touch 150 , that will be end for Pakistan's economy...………. 10years democracy bring Pakistan to its ………………….
If I don't get -ve ratings , shame on all institutions , all of them , They let this happened ,
I m very sad to say this end for Pakistan is coming near . . . . .
PPP + PML-N + ANP + MMA + Achakzai type people will not allow IK to Run Govt...……

I said this before back I will say it again very , very bad times coming for Pakistan .

Thanks to NS + Zardari Mafias . Thanks to Elite of Pakistan . Thanks to those Generals and all other whom have their kids and property in west .

 

[BATMAN]

We were told democracy will be better than Musharraf?

 

[BHarwana]

As soon it touch 150 , that will be end for Pakistan's economy...………. 10years democracy bring Pakistan to its ………………….
If I don't get -ve ratings , shame on all institutions , all of them , They let this happened ,
I m very sad to say this end for Pakistan is coming near . . . . .
PPP + PML-N + ANP + MMA + Achakzai type people will not allow IK to Run Govt...……

I said this before back I will say it again very , very bad times coming for Pakistan .

Thanks to NS + Zardari Mafias . Thanks to Elite of Pakistan . Thanks to those Generals and all other whom have their kids and property in west .

Don't worry my friend this is the result of Ishaq Dar and PML-N policy of giving artificial support to Dollar. Yes PML-N destroyed Pakistans economy to make PTI govt a slave of IMF as well but we will get through it. Lower Dollar Price might save us from IMF.

 

[CHACHA"G"]

We were told democracy will be better than Musharraf?

I agree with IK on one thing ,,,,,,,,,,,, Our nation is not Human any more ,,,, Brain is what make human a human and our whole nation is brainless …………. And our elite (all of them) are very smart .

Don't worry my friend this is the result of Ishaq Dar and PML-N policy of giving artificial support to Dollar. Yes PML-N destroyed Pakistans economy to make PTI govt a slave of IMF as well but we will get through it. Lower Dollar Price might save us from IMF.

It will not bro,,,,,,,,,,,,,,,, You are not looking at it ,,,,,,,, you are not looking at what written on wall ,,,,,,
Bye , bye Pakistani economy ………………….

Tell me one positive thing any one did in economy sector , Our Army runs so many businesses , tell me what they did in that sector ? We are spending billion+$$$ on tea import what any one did in this ? Why no tea plantation from any Govt or Army business ???
Same goes to medicine sector !!! And many other which we can do but we did nothing!!!

 

[BHarwana]

It will not bro,,,,,,,,,,,,,,,, You are not looking at it ,,,,,,,, you are not looking at what written on wall ,,,,,,
Bye , bye Pakistani economy ………………….

Nope my friend I am not looking at the writing on the wall. We need higher dollar price to tackle the trade deficit and additionally we need duty on imports to make sure this deficit reduces. PTI is about to make the Govt and we need to save Imran from IMF.

 

[CHACHA"G"]

Nope my friend I am not looking at the writing on the wall. We need higher dollar price to tackle the trade deficit and additionally we need duty on imports to make sure this deficit reduces. PTI is about to make the Govt and we need to save Imran from IMF.

Brother , I think you know what high price of $$$ will bring to common Pakistanis ,,,,,,,,,,,,,, Every thing from Tea to oil from medicine to cloths from TV to Mobile ……. every thing will be out of reach , out of reach from 80% of Pakistanis...………
Living will be more expensive then death ,,, hell man even death will also be expensive …..

 

[BHarwana]

Brother , I think you know what high price of $$$ will bring to common Pakistanis ,,,,,,,,,,,,,, Every thing from Tea to oil from medicine to cloths from TV to Mobile ……. every thing will be out of reach , out of reach from 80% of Pakistanis...………
Living will be more expensive then death ,,, hell man even death will also be expensive …..

So how is it bad news. Some will start making domestic TV sets to curb high costs. Cheap oil can be done by reducing oil imports and taking energy production from oil to coal and Natural gas. Get the IP pipeline deal.

We have to decrease the dollar demand.

 

[CHACHA"G"]

So how is it bad news. Some will start making domestic TV sets to curb high costs. Cheap oil can be done by reducing oil imports and taking energy production from oil to coal and Natural gas. Get the IP pipeline deal.

We have to decrease the dollar demand.

Come on man ,,,,,,,,,,, read your post again !!!!!!!!!!!!!!! Seriously ????????

 

[BHarwana]

Come on man ,,,,,,,,,,, read your post again !!!!!!!!!!!!!!! Seriously ????????

I know what I am posting manufacturing is the only way out of all this there is no other solution and inflation will make (or rather force) us go into manufacturing. export is the only way out we have to take it. stop buying imported stuff that is the only thing that will help us. PML-N made the economy dive deep into crises.

 

[SunilM]

Rupee second worst performing currency in the world

The Dollar today gained about 6.45 rupees in the interbank market as the interim government let the rupee slide deeper into the abyss. The State Bank of Pakistan (SBP) supported another bout of depreciation after it raised the interest rate by 100 bps on Saturday.

State Bank in the monetary policy statement signalled externals risks as the driving force behind the monetary policy decisions; rising estimates for fiscal deficit from 6.8 per cent to 5.5 per cent, current account deficit for 11 months reaching $16 billion, imports pressurizing forex reserves and the changing inflationary landscape in the wake of rising global oil prices.

The Pakistani Rupee is currently the worst performing currency in the world second only to the Turkish Lira. South Asian economies have all depreciated against the US Dollar during the last six months as confidence in developing and emerging markets continues to fade. Turkish Lira -26.41 per cent, Indonesian Rupee -6.93 per cent, Indian Rupee -6.12 per cent have all fallen against the greenback during the last six months. Pakistani Rupee (PKR) during the last six months has fallen more than 15.26 per cent, not accounting for today’s devaluation, becoming the second worst performing currency in the world.

Lack of foreign investment, import in heavy trade numbers, rising Wholesale Price index (WPI), Consumer Price Index (CPI) and core inflation and forex reserves at three-year lows have all pushed the interim Finance Minister Dr Shamshad Akhtar to take bold and concrete steps during her short but crucial tenure. She recently suggested an International Monetary Fund (IMF) bailout might be the only way out for the upcoming government, and according to media reports she has already initiated proceedings for a bailout from IMF and the recent bouts in depreciation may be the prerequisite steps currently being taken by the Ministry of Finance to take the process ahead.

https://profit.pakistantoday.com.pk/2018/07/16/rupee-second-worst-performing-currency-in-the-world/

 

[CHACHA"G"]

Watch this show

 

[pak-marine]

Rupee loses 5.75% against greenbuck. 130pkrs open market rate what a fck up it is

 

[Skull and Bones]

Yes, dollar and gold are good bet... but YEN is riskier...

Yen is much stable

Yes, dollar and gold are good bet... but YEN is riskier...

Yen is much stable