Pakistani rupee firms to 136 per dollar

[RangeMaster]

Big disappointment for Gooni and Pi Pi fanboys, Its back now. The problem is with monsters sitting inside State bank and PSX. Whenever state tries to catch them they extract $1-2 billion from market and rupee falls. Catch them and make an example of them, this won't happen again.

ISLAMABAD: The Pakistani rupee firmed to 136 to the dollar in volatile trading on Friday, market participants said, after the currency plunged to 143 in the morning.

The rupee was trading at about 136 per dollar at 3.45 p.m (1045 GMT), down about 1.5 percent from its 134 level open, dealers said.

In the morning session, the rupee was down more than 6 percent in what analysts said was the country’s sixth devaluation in space of a year.

“Today is a circus,” said one market participant. “Let’s hope there’s some sanity (soon).

 

[HariPrasad]

This is a very good news.

 

[rak_987]

Foreign actors using their agents in exchange market to do manipulation with govt. being criminally silent.
Asad Umar is an incompetent loser. He has almost agreed w/ IMF on everything even before the bailout package.

PTI needs to put its act together and sack their Finance Minister. FIA needs to intervene

 

[War Thunder]

damn, so when I sent money home last evening it was 36.45 / AED.
1 Lack at ~2743 AED...

And as per them the highest it had gone was a few days earlier which was 36.85 / AED

I really hope it slowly settles down to norms and there ain't much inflation haunting the folk there...

 

[Ryuzaki]

Bringing it back to 136 must have burnt a lot of valuable foreign reserves

 

[War Thunder]

Foreign actors using their agents in exchange market to do manipulation with govt. being criminally silent.
Asad Umar is an incompetent loser. He has almost agreed w/ IMF on everything even before the bailout package.

PTI needs to put its act together and sack their Finance Minister. FIA needs to intervene

yeah and that's your second post and that too lacking any logic except putting the blame on those who are actually trying to put your shit together and make it work for you.

How about you start taking responsibility for your own self before finding some one to blame next time?

Unless ofcourse you are here on specific agendas like a few other brainless monkies around...

 

[RangeMaster]

Bringing it back to 136 must have burnt a lot of valuable foreign reserves

It was temporary. The money extracted before has been injected back.

Foreign actors using their agents in exchange market to do manipulation with govt. being criminally silent.
Asad Umar is an incompetent loser. He has almost agreed w/ IMF on everything even before the bailout package.

PTI needs to put its act together and sack their Finance Minister. FIA needs to intervene

There are no foreign actors, Pi Pi and gooni mafia is involved. They are playing evil games to save their a***. But ultimately we will catch them.

 

[Abdussamad]

Oh right mafia. No wonder we get such crisis situations when people would rather blame bogeymen than face reality.

The government itself has difficulty facing reality these days. Record trade deficits, depreciating rupee, large foreign debt re-payments due and they choose to reduce fuel prices. No wonder the IMF refused to give us money. The people in charge are in denial of the gravity of the situation.

 

[bafxet]

This is a very good news.

Good but not good enough. SBP bring it down to 133.80

Alsi for how long can we celebrate this rise of PKR. Confidence on PKR completely shattered since Dar left.

 

[rak_987]

yeah and that's your second post and that too lacking any logic except putting the blame on those who are actually trying to put your shit together and make it work for you.

How about you start taking responsibility for your own self before finding some one to blame next time?

Unless ofcourse you are here on specific agendas like a few other brainless monkies around...

Oh go and read bailouts from 2013, PML-N did tons better than this lying loser Asad Umar when it comes to IMF.

PTI has already spread a lot of sht already they have made life unbearable. High utility prices, inflated fuel and inflation touching over 8%. All of that in just 3 months. This bailout is not for public but the corrupt mafias in the bureaucracy who are actually responsible for the sht.

PTI is strangulating the middle class that voted for them to favor sharks in the buraucracy who they can't control

 

[HariPrasad]

Good but not good enough. SBP bring it down to 133.80

Alsi for how long can we celebrate this rise of PKR. Confidence on PKR completely shattered since Dar left.

I too believe that it is just a short living phenomenon but whenever something good happens, it should be hailed.

 

[bafxet]

Foreign actors using their agents in exchange market to do manipulation with govt. being criminally silent.
Asad Umar is an incompetent loser. He has almost agreed w/ IMF on everything even before the bailout package.

PTI needs to put its act together and sack their Finance Minister. FIA needs to intervene

Agreed. This goofy AU must be thrown out and Dar be brought back. But they have done an extensive media trail of Dar portraying him a traitor.

 

[RangeMaster]

Confidence on PKR completely shattered since Dar left.

And that is because?

 

[AZ1]

Not just this but also Petrol down to 2 rupees, Diesel 2 rupees and I think 5 rupees in kerosine oil.

 

[RangeMaster]

Agreed. This goofy AU must be thrown out and Dar be brought back. But they have done an extensive media trail of Dar portraying him a traitor.

Oh come on....!
You really want that guy? hiding in London. When did you people start worrying about economy?