Rupee fall benefits expats’ families: Baqir

[Norwegian]

no


With low value for Pakistani Rupee , more eatable goods leave Local Pakistani Market and end up overseas
While local people are left scrambling for food for "High Prices"


It is modern day Robbery of Natural Resources of Country

The problem is , in order to show Growth in Exports , Rupee value is sent to toilet !!!

There is pressure to "Export our food" outside Pakistan , in order to generate $$$$ To pay for oil and gas
This can be bought cheaply from many sources (Russia , Saudia, Iran ) and maintaining "storage"

Currently we send the Rupee value to toilet , and robbers come in and say sure , we will take all your eatable food , for pennies

• Pakistan thinks this Devaluation , generates Revenue/ GDP for Pakistan but ultimately this is creating empty stomachs at home and also , reducing value of old people's pension's saving

View attachment 786800



Rupee value should be set to 1 dollar for 50 rupee and all exports should be processed with that exchange rate or none at all

The excessive food should be stored or given to local people first , at reduced cost so people sleep with full plate of food

• Export of eatable food should only be allowed once local prices fall !!!

This is not how exchange rate works. Exchange rate cannot be fixed. It leads to bankruptcy

Does anyone remember this munafiqat?

Yes we do. Artificially fixed dollar price led to bankruptcy in 2018

We have huge countries market around us , if govt help industrialists or new investors we can get huge sums of dollars in return. Good opportunity for the exporters to get benefit from current dollar rate too

No we can't. Not before we learn to survive without Imf

Actually it doesn't benefit us. My English Pound is worth 223Rs, but what are those 223Rs worth? If the cost of stuff my family is buying has increased, then ultimately, sustaining their lifestyle costs me more £'s. This logic only works if the cost of living in Pakistan was not rising so much and so many items weren't imported.

If local inflation is high than your pounds will also buy them more local money. Simple maths

 

[Norwegian]

If we are exporting food and you think that is creating higher prices - why is nobody growing more food? Is agriculture in Pakistan at peak capacity and efficiency? Is there not money to be made there?

Because Pakistan is a political economy not market economy

No vote for PTI this time ...fedup from the logics of the PM ...he can surely talk and spin it around ...but can't bear the monstrous inflation...

No worries. Nation never voted for the same party in center twice despite getting low inflation in election years and getting bankrupt in return

(To be clear, devaluation gets more rupees into the hands of the recipients of the remittance for the same amount of dollars, that is all. Those rupees go down in value, so they buy the same amount of stuff, but for larger amounts, leading to high inflation. The remittances remain the same in dollars. Locals who earn in rupees get screwed since their paycheck is now worth less and less.)

They get screwed anyway because of local inflation

The remittances remain the same in dollars.

No high dollar price leads to more remittances

 

[Norwegian]

Unfortunately this fellow has a terrible track record when he was posted in Egypt, and he utterly destroyed Egyptian currency. And he has been posted to this position by Pakistan against the wishes of IK and Pakistan Finance Minister. Unfortunately, it is someone else running the show.

What's wrong with Egyptian economy?

World Bank raises Egypt’s GDP growth forecast to 5.5 percent in 2021 - Economy - Business

The World Bank (WB) has raised its forecasts for Egypt’s real GDP growth for 2021 to 5.5 percent, up from 4.5 percent predicted in June before hitting 6 percent in 2022.

english.ahram.org.eg

People living in Pakistan don't matter, right?
Inna lillahi wa inna ilyhi rajioon.

They do matter but avoiding bankruptcy is more important

total bullshit. how devaluation of rupee gonna help the expat families??
now i have to send extra money back home every month due to inflation while my income here in australia will remain the same.
this imported idiot has gone nuts.

It will help national treasury

When fools like this can be made the governor of SBP then our future doesn't look very bright and it is another signal that will further depreciate. I have vowed myself not to keep any PKR from now on.

Same governor helped stabilize the bankrupt economy in the first place

https://twitter.com/x/status/1451479151827951616

Still better than this punishment since 1985

 

[Norwegian]

Remittance has no connection to Devaluation

It has. More devaluation gets you more remittances

The idea , due to foreign exchange (inflated) you get more rupee , it is an illusion , more rupee in conversion does not means the local receiver is more happy

Happy? We are talking economics here not feelings. Also foreign exchange is not inflated. It's showing the market value of rupee

After reading that statement you bolded I wanted to slam my head on the pavement. This is the utter shit we have running our economy, like what the f#*%!

Stop worrying about economy. It's not your job but economists

This one was an economic hitman right from IMF!

Ishaq Dar was economic hitman from London!

 

[American Pakistani]

Why Pakistani people don't understand simple mathematic? You are having more imports than exports. How the hell you expecting inflation to drop?

 

[Norwegian]

Why Pakistani people don't understand simple mathematic? You are having more imports than exports. How the hell you expecting inflation to drop?

By Ishaq Dollar magic formula of course: steal from the reserves while artificially fixing dollar price

 

[Super Falcon]

Poloitical system is big issue no one is sincere bunch of jokers always given priority their only goal is to rule 5 years their connection with common public and its probleum are at nil how we grow these odiots talk i hope some no lifafa journalist ask them real question no ifs and butts

 

[AZMwi]

Your dollar is already increasing so how come you sending more? you sending $100, while in pakistan pkr its increasing but you sending the same amount?

bro the fuel prices have gone up by 10 rupees, electricity prices have gone up by 1.5 rupees/unit. so the $100 i used to send few months ago are not enough.

 

[AZ1]

bro the fuel prices have gone up by 10 rupees, electricity prices have gone up by 1.5 rupees/unit. so the $100 i used to send few months ago are not enough.

True that but now since you mentioned these could you please let me know if fuel price you see shortage in all over the world also kindly let me know who made the contracts of capacity payment ( we have to pay no matter we use the electricity or not)?these contracts made by PMLN and we have to pay back in $.


Kachra kar gaya country ko nawaz.

 

[muhammadhafeezmalik]

Why Pakistani people don't understand simple mathematic? You are having more imports than exports. How the hell you expecting inflation to drop?

The problem is objectivity of SBP governor to appreciate USD against PKR, according to his statement he is doing so because overseas Pakistanis get more rupees against USD they earned overseas!!

 

[AZMwi]

True that but now since you mentioned these could you please let me know if fuel price you see shortage in all over the world also kindly let me know who made the contracts of capacity payment ( we have to pay no matter we use the electricity or not)?these contracts made by PMLN and we have to pay back in $.


Kachra kar gaya country ko nawaz.

mate the post was about raza bakir saying that rupee fall will benefit expat's families.
but he forgot to mention about the 100s of millions Pakistanis who r NOT living abroad and who are suffering badly due to the inflation.
Now since u mentioned fuel prices in other countries, here in australia the fuel prices have certainly gone up but here is the amazing fact. the prices of food items, basic commodities have not gone up even by a cent, even though the aussie economy is suffering badly due to the covid situation and their recent feud with china.
now match this with Pakistan. Whenever the fuel prices go up by lets say 5 rupees/litre, the price of everything, i repeat everything goes up by many folds. but when the fuel price goes down by 5 rupees/litre, the price of everything remains the same. it never goes down. this is the main problem.
and this has nothing to do with IMF, FATF, TTP, PDM, TLP, india, israel, usa, france or five eyes or whatever the enemies of Pakistan are. this is purely due to the mismanagement/incompetency of the govt. at least control the prices of basic items/commodities. i m not against Imran khan but to criticise him is my basic right just as he used to criticise previous govts. and if he cant handle the criticism then he is not fit for the role.

And last thing, who allowed nawaz sharif to go abroad??it was the current govt that allowed him to go abroad against the will of the people. i want him prosecuted same as everyone but look around u. what is happening? all the corrupts are roaming free. not even a single corrupt person from the previous govts has been convicted so far.

 

[Mentee]

This one was an economic hitman right from IMF

Didn't Allah swt literally ordered us to not to engage in economic strangulation of the poor (usuary) or He and His Messenger pbuh Will be at war with anyone who does that be it navaz sharif or Imran khan? Why commit blasphemy and go into the lizzard's hole then?

 

[Blacklight]

Didn't Allah swt literally ordered us to not to engage in economic strangulation of the poor (usuary) or He and His Messenger pbuh Will be at war with anyone who does that be it navaz sharif or Imran khan? Why commit blasphemy and go into the lizzard's hole then?

Mohtaram Wakeel Sahab,

Are you saying the "New Riyasat e Madina" is a direct contradiction of fundamental Islamic laws, hence a farce?

 

[AZ1]

And last thing, who allowed nawaz sharif to go abroad??it was the current govt that allowed him to go abroad against the will of the people. i want him prosecuted same as everyone but look around u. what is happening? all the corrupts are roaming free. not even a single corrupt person from the previous govts has been convicted so far.

Your court by taking guranttee from shahbaz sharif on 50 rupees stamp paper that nawaz will return. You cant twist the history now its been written

LHC took out Nawaz’s name from ECL, says cabinet

ISLAMABAD: The federal cabinet noted on Tuesday that the Lahore High Court had directed the government for removal of former premier Nawaz Sharif’s name from the Exit Control List , allowing...

www.thenews.com.pk

ISLAMABAD: The federal cabinet noted on Tuesday that the Lahore High Court (LHC) had directed the government for removal of former premier Nawaz Sharif’s name from the Exit Control List (ECL), allowing him a four-week bail to go abroad.

 

[Mentee]

Are you saying the "New Riyasat e Madina" is a direct contradiction of fundamental Islamic laws, hence a farce?

Would you associate yourself with any guy constantly being monitored by a mq9 reaper in any way possible ?


Such is the case with entering into a War with The Almighty and His Messenger pbuh . Superficial Islamic christian or Judaic legalism doesn't concern Allah Swt but acts of thuggery and tyranny do. I mean Angel of death isn't deterred by any politcal military or race card, It's either with us or against us.