Pmln injected 22 billion dollar into the open market to keep the Rs evaluation at 102

[Syed1.]

Guys nothing is a quick fix. Give them a couple of years atleast. You cannot reverse 30+ years of economic mismanagement and corruption in a matter of months.

 

[Yaseen1]

payoneer which is alternative of paypal is already available for Pakistani freelancers along with skrill

I always keep open mind as to whom I will vote for, but sadly we OSP dont have voting right. The problem that exist is that we have no leader of calibre of IK at this moment so there really isnt much of choice as to whom you want in.

however, IK's team is entirely a different matter altogether and that is where our problem lies. But at the same time we have to be mindful he is in coalition at this moment, unless he had strong votes and majority government the things could have been different. If things dont change he must call new elections and let people decide what kind of government he wants.

as for Asad Omar, I am personally disappointed and i do not believe he is right person for the job. He must be removed ASAP and someone with proper vision has to be brought in. We need to tackle the economy on war footings.

Murad Saeed is doing good in his portfolio but he is not a finance minister material.


This is something I have spoken to many people before even PTI cam into power. We have people who are without any vision. Government can invest in this by offering investment to company who would create a similar system.

Creation of system is no rocket science.


Nah in patwaristan it is Calibri queen.

 

[Smoke]

payoneer which is alternative of paypal is already available for Pakistani freelancers along with skrill

True, but they have their own set of problems

 

[Haris Mansoor]

The core problem of insufficient taxation, non promotion of tourism, declining exports was exacerbated during PML-N's tenure.

I manufacture and export goods globally, I know how difficult and stupid things were getting every year PMLN was in power.

Is it better now?

To be honest, during our elections, I only voted for PTI due to Asad Umar. Now It is looking like he hasn't really got a firm grasp of the situation.

Problem is not with Asad Umer, actual problem is the bureaucracy, we have felt it here in KP which plays delay tactics in applying orders while remaining within law.

 

[Samlee]

Fck the Dollar has now reached Rs 143....what the heck is going on....everything is so expensive....blood sucking.

The Problem Is The Massive and Reckless Borrowing Done By The Previous 2 Governments Are Now Maturing And Now PTI Has To Return It.

It Is Pressurising The Forex Reserves So There Is No Dollar Left To Back The Rupee

If you think burning dollars to keep inflation in check is a good thing then you are incredibly wrong... It is like putting a band-aid on a bullet wound.

The core problem of insufficient taxation, non promotion of tourism, declining exports was exacerbated during PML-N's tenure.

I manufacture and export goods globally, I know how difficult and stupid things were getting every year PMLN was in power.

Dawood Lawrencepur Shifted To China In 2015, 100 Large Textile Mills Closed Down and APTMA Observed Black Day During The Reign Of The So Called Business Friendly Nawaz Sharif.

Oh and They Closed Down Pakistan Steel

 

[Samlee]

https://www.facebook.com/video.php?v=584449982031110

I Think It Was $7 Billion But Still A Big Figure and Unforgivable

https://tribune.com.pk/story/1691123/2-govt-injected-7b-keep-rupee-overvalued-recent-years/

 

[AZ1]

Fck the Dollar has now reached Rs 143....what the heck is going on....everything is so expensive....blood sucking.

Briyani still at 80 rupees per plate in karachi. Imported things are expensive then why use imported things if you can't afford it.

 

[xyxmt]

I am confused, maybe some PDF economist can make me understand basics of currency.

Govt injects $22 billions in to open market, what happens to those $22 billion in the open market, where do they go? Dollars must be in Pakistan....or if you actually saying those $22 billions were smuggled out of Pakistan then you have bigger problems than govt injecting Dollars

 

[Crusher]

It is not called "evaluation", it is called "valuation" of rupee or simply the value of the Rupee as an asset against dollar.

 

[Fledgingwings]

Even if its true it was a temporary solution.the interest base debt is a curse and does not leaves the victim easily!

 

[shahbaz baig]

Who said it ? May I know about the person?

 

[Peaceful Civilian]

Where is source ?

 

[valkyr_96]

I am confused, maybe some PDF economist can make me understand basics of currency.

Govt injects $22 billions in to open market, what happens to those $22 billion in the open market, where do they go? Dollars must be in Pakistan....or if you actually saying those $22 billions were smuggled out of Pakistan then you have bigger problems than govt injecting Dollars

Lets keep it simple even if the money is still in Pakistan how do you propose the government gets a hold of it?

 

[xyxmt]

Lets keep it simple even if the money is still in Pakistan how do you propose the government gets a hold of it?

no its not in Pakistan, it left thru illegal channels and that is the big problem. If it is in Pakistan it must be in some Bank accounts and accounted for then its not a problem.

 

[1Paki$tani]

no its not in Pakistan, it left thru illegal channels and that is the big problem. If it is in Pakistan it must be in some Bank accounts and accounted for then its not a problem.

Hint Hint Zardari Fake accounts scandals.
Likes of Ayan Ali.. etc

Back in the PPP days there were rumours that boat loads were being sent out via Karachi to UAE.

It is no doubt massive problem and we need to tackle that. NAB Law needs to be amended to allow GOP to confiscate any property for which the owner cannot reasonably justify source of income. Let us shift burden of proof to these people.

Similarly FBR needs power to confiscate property where owner cannot show that it has paid taxes on income.