Pakistani rupee trades at record low of 90.35 to dlr

[Prometheus]

they already wiped out at snow age time now these are paper made for remember there old pet

atlest bring a panda..........................

 

[Abu Zolfiqar]

Now wait for Riaz to come up with a blog on how low PKR value will result in a mega boom in Pakistan's export industry

you indians of all people should keep your pie-holes shut, considering your own economy is slowing down as well.....(as is the value of your currency)


currency valuation is only a tiny aspect when looking at a nation's economy, and the health of its economy.....the economy works in cycles. What Pakistan needs to do is put more emphasis on export led growth (our services industries are up to a reasonable standard ).

and hmmm gee whiz, with a devalued currency our exports become cheap....and as it is, some of our sectors have already recorded increased export revenues --and all this despite the fact that a good chunk of our industries arent even running at full capacity because our spineless government (which is only about empty talk and promises) can't even solve the supply-demand gap in energy production, resulting in needless power cuts.


LMAO @ bhartis who have no grasp of macroeconomics whatsoever, who claim blindly that Pakistan is on the verge of some kind of impending economic collapse ---and that without aid (which affectes barely 0.14 pc of Pakistan’s GDP growth) we will suddenly be doomed

first of all, Pakistan is a country that survived over a decade of being sanctioned and embargo'd to the teeth.....still the country survived and not only that, we were still capable of defending our country (much to your chargine)

second of all, I think i'll trust the words of Mr. Shahid J. Burki (former VP World Bank, former Finance Minister, and an internationally respected economist) over the words of a few obtuse indians on PDF who think they'd understand even the first thing about how the economy or international trade or finance work

 

[lem34]

^^^^ you deserved two thank yous for that response lol

 

[Imran Khan]

^^^^ you deserved two thank yous for that response lol

then give him on next post sir

 

[lem34]

then give him on next post sir

good thinking and will do

 

[Abu Zolfiqar]

the rupee has seen most of this de-valuation from 2008 till today --under the current government

when Gen. (r) Musharraf resigned, i THINK it was stable at around rs 58-60 / US$

now it's finally hit rs 90. . .


the currency valuation thing is tiny part of the story.....what really matters in Pakistan's case is its foreign exchange reserves position --which right now is fairly stable. We have enough forex to cover any major economic price shocks for the next few months

we were REALLY in crisis in mid 2008, when we were nearing total meltdown....the reserves was in a precarious situation --we only had enough forex to cover barely 2.5 months worth of imports (fuel being the main thing)....food prices and inflation was hitting the roof, as were shortages (including artificial shortages by a few greedy, criminal producers)


the status-quo is FAR from desirable; but people dont worry about ''sudden impending collapse'' or ''dooms day'' for Pakistan economy....and most certainly any talk of ''Pakistan will suffer if aid is cut off'' kind of crap need to check their facts and quit being petty victims of media perception-management.

in fact, cutoff in all aid is a good thing and any self-respecting Pakistani should demand accountability and should demand that other citizens pay their taxes.....that corruption is exposed and punished. that is what the country needs.......dont waste time worrying about rupee valuation because as is the case with commodities -- the currency valuation is based on supply/demand vis a vis the currency markets and it rests on other stuff like favourable current account balance (increase in exports of goods, serviices)


well, in the end let's hope that we elect capable officials and implement the right policies (domestic and external) that would drive economic growth in our beloved motherland

 

[Abu Zolfiqar]

what Pakistanis should also focus on is muster the courage to put pressure on the government

it harms our investnment prospects when international institutions, thinktanks, etc. give our country a low transparency rating...this gives the impression that Pakistan is not a friendly environment for business, and that is not good. the government needs to prove that it is serious about tackling corruption -- because corruption levels have risen in the past 4 years

 

[lem34]

^^^ Not only that but after 10 years of sanctions our defense industry looked relatively healthy and we were more self reliant in producing jf17, al khalid, al babur etc

 

[DelhiDareDevil]

Bad news for Pakistanis wanting to travel abroad.

 

[Avatar]

the rupee has seen most of this de-valuation from 2008 till today --under the current government

when Gen. (r) Musharraf resigned, i THINK it was stable at around rs 58-60 / US$

now it's finally hit rs 90. . .


the currency valuation thing is tiny part of the story.....what really matters in Pakistan's case is its foreign exchange reserves position --which right now is fairly stable. We have enough forex to cover any major economic price shocks for the next few months

we were REALLY in crisis in mid 2008, when we were nearing total meltdown....the reserves was in a precarious situation --we only had enough forex to cover barely 2.5 months worth of imports (fuel being the main thing)....food prices and inflation was hitting the roof, as were shortages (including artificial shortages by a few greedy, criminal producers)


the status-quo is FAR from desirable; but people dont worry about ''sudden impending collapse'' or ''dooms day'' for Pakistan economy....and most certainly any talk of ''Pakistan will suffer if aid is cut off'' kind of crap need to check their facts and quit being petty victims of media perception-management.

in fact, cutoff in all aid is a good thing and any self-respecting Pakistani should demand accountability and should demand that other citizens pay their taxes.....that corruption is exposed and punished. that is what the country needs.......dont waste time worrying about rupee valuation because as is the case with commodities -- the currency valuation is based on supply/demand vis a vis the currency markets and it rests on other stuff like favourable current account balance (increase in exports of goods, serviices)


well, in the end let's hope that we elect capable officials and implement the right policies (domestic and external) that would drive economic growth in our beloved motherland

But sirji Pakistani rupee is on the verge of hitting a century vs US$ and you're giving us bharti's the repeat lecture on how Pakistan has had worse time and has always been strong, etc ,etc. The question is, where does this downfall stop and why does Pakistan like to enjoy increasing and boasting about the difficulty level?

Do not worry about INR, it has been pretty stable except for the recent months only. There's a lot less uncertainty in India than Pakistan. I hope that the flow of fake Indian currency reduces as Pakistani mints will be more busy printing Pakistani currency.

 

[lem34]

But sirji Pakistani rupee is on the verge of hitting a century vs US$ and you're giving us bharti's the repeat lecture on how Pakistan has had worse time and has always been strong, etc ,etc. The question is, where does this downfall stop and why does Pakistan like to enjoy increasing and boasting about the difficulty level?

Do not worry about INR, it has been pretty stable except for the recent months only. There's a lot less uncertainty in India than Pakistan. I hope that the flow of fake Indian currency reduces as Pakistani mints will be more busy printing Pakistani currency.

I think that Abus comments are somewhat wasted on you read again and see if they register. If I was you I would worry about Indian economy you have more people who need looking after I cant even say the word here without getting an infraction

 

[Abu Zolfiqar]

Bad news for Pakistanis wanting to travel abroad.

this is true.....

but usually the lower income walas who travel are the ones who work in persian gulf countries --or in EU --they send the money BACK to Pakistan and dont spend it on luxury things

middle income ones who doing some travels and tourism --well yes a weak rupee will definitely hurt them and they will have to factor that in to their budgets


the rich Pakistanis who travel overseas are not worried about exchange rates since they probably already have euro and dollar accounts

 

[Abu Zolfiqar]

But sirji Pakistani rupee is on the verge of hitting a century vs US$ and you're giving us bharti's the repeat lecture on how Pakistan has had worse time and has always been strong, etc ,etc. The question is, where does this downfall stop and why does Pakistan like to enjoy increasing and boasting about the difficulty level?

''enjoy'' ?

i'm just stating facts to you, that is all

where does the downward trend end -- well that's a good question and I wish I could answer it for you. A lot of the onus lies on the government, the finance ministry, central bank, the planning commission, etc. etc.

it also depends on some external factors beyond our control

Do not worry about INR, it has been pretty stable except for the recent months only. There's a lot less uncertainty in India than Pakistan. I hope that the flow of fake Indian currency reduces as Pakistani mints will be more busy printing Pakistani currency.

well that's debatable. . . it's silly to even compare Pakistan to india. Pakistan has been a capitalist (at times HYPER-capitalist) country since 1950s and has always had far more liberal economic policies than its longtime socialist, heavily regulated, heavily protectionist indian neighbours who have never been proponents for free trade

fake currency -- well, you have your own mumbai-based mafia dons and criminal underworld to thank for that. Pakistan has nothing to do with your fake currency problem

 

[yyetttt]

God, this really sucks. I remember when 60 rupees were 1 dollar not 90.

 

[Avatar]

I think that Abus comments are somewhat wasted on you read again and see if they register. If I was you I would worry about Indian economy you have more people who need looking after I cant even say the word here without getting an infraction

Pakistan has got some talent and resources, but not much time to start utilizing it before the bills get bigger than your pocket money.