PKR goes to 168.60 highest rate ever against dollar in history.

[AZ1]

Here we discovered another version of Dr. Adam Smith named the legend who taught us comprehensively during his election campaign that Pakistani currency should have self regulatory mechanism. But we never knew that this free market place would be created under the strict rules and conditions of IMF, for which IMF will send his own man to serve as Governor SBP. Just check the history of Raza Baqir, and check what havoc he played with the Egyptian people.

Dollar will cross 180 this very year. And if IMF or Asian Development Bank will refuse/delay to pay further, than it will cross 200 because we have to return 30 Billion USD worth of loans in this very calendar year. .

$30 billion is loan or interest on loan?

 

[313ghazi]

This article talks about the smuggling of money into Afghanistan as contributing towards the current currency problems.

What’s up with the rupee?

Keeping the rupee below the threshold of 170 will become harder and harder.

www.dawn.com

This is yet another reason why we need to crack down on hundi and move away from a cash economy.

 

[Valar.]

This article talks about the smuggling of money into Afghanistan as contributing towards the current currency problems.

What’s up with the rupee?

Keeping the rupee below the threshold of 170 will become harder and harder.

www.dawn.com

This is yet another reason why we need to crack down on hundi and move away from a cash economy.

So, first Iran and now even Afghanistan? sigh...

 

[RIP Pak LAW]

Dollar 2 rupees down today

 

[313ghazi]

Dollar 2 rupees down today

Please delete your post - it doesn't fit the agenda of impending doom.

 

[RIP Pak LAW]

Please delete your post - it doesn't fit the agenda of impending doom.

I believe the troll is banned now for good

 

[313ghazi]

So, first Iran and now even Afghanistan? sigh...

The blame is firmly at the feet of the govt. They could push through all sorts of legislation whilst hiding behind the threat of FATF. They are pussyfooting around as with everything. The state only stands to benefit from properly documenting and tracking the economy. I can't speak for anywhere else but the entire Mirpur in AJK is full of villas (built with expat money), where locals live, drive fancy cars, buy expensive clothes, run businesses, buy land, all whilst not paying a penny in tax.