Rupee loses further ground to trade at 164.5

[Sharky]

So bad, so sad.

 

[Jackdaws]

What exactly does Pak export? I've seen clothes overseas but now you see more of Bangladesh and Vietnam on the shelves. They are certainly not into services or pharma.

 

[Nilgiri]

I have serious issues with the multi-dimensional poverty index

take electricity for example - what is the cost of electricity ? is the state providing subsidy ? what is the supply of electricity ? is it uninterrupted ? how much electricity is used ? how much electricity is needed ? Do you need heating in warm tropical beach as opposed to living in high altitude mountains ?

I am not sure how somebody makes this into a number

Its explained all in the methodology....and definitely far superior to income poverty (esp those using stagnant and low sampled gini curves).

This is underlying reason why the MPI was picked up by the HDRO at the UN quite some years back (just like they picked PPP over nominal USD for GDP per capita).

The workaround for a more specific niggle also is by the overall weightage, electricity in your case only concerns 1/18th of the score....whereas things like child mortality and nutrition where there is much less debate w.r.t them being representative of poverty are weighted much more (like 1/6th each and making a combined third together).

 

[nahtanbob]

Its explained all in the methodology....and definitely far superior to income poverty (esp those using stagnant and low sampled gini curves).

This is underlying reason why the MPI was picked up by the HDRO at the UN quite some years back (just like they picked PPP over nominal USD for GDP per capita).

The workaround for a more specific niggle also is by the overall weightage, electricity in your case only concerns 1/18th of the score....whereas things like child mortality and nutrition where there is much less debate w.r.t them being representative of poverty are weighted much more (like 1/6th each and making a combined third together).

Most of the factors are complex

I enumerated some of the issues in electricity

infant mortality is higher in some societies for cultural reasons as opposed to poverty

 

[Pakhtoon yum]

The underlying data is all from Pakistan govt itself. Or you are saying Pakistan govt is wrong when it reports say its own infant mortality?

They could be. There are also reasons for them to show misinformation

 

[Humble Analyst]

Should suspend money exchanger licences fall should stop

Not that simple and wish it was. The true value of Rupee vs dollar will always be based upon its buying power and who is buying it in the black market. The black market will increase. We were not ready but in order to transfer the black money NS prematurely allowed money changers in 90s. Now it is not a simple fix.

 

[Hulk]

Rupee loses further ground to trade at 164.5

By Salman Siddiqui
Published: June 27, 2019

PHOTO: FILE

KARACHI: The rupee continued its downward drive in search for a base for a second successive day on Thursday.

The currency further weakened by Rs2.34 to Rs164.50 to the US dollar during intra-day trade in the inter-bank market.

The rupee closed at Rs162.16 on Wednesday, according to the State Bank of Pakistan (SBP).

Experts said the trend in rupee is seen ahead of the International Monetary Fund’s (IMF) executive board meeting on July 3 to consider giving the final approval for a bailout worth $6 billion for Islamabad.

Apart from that the freefall in the rupee is seen since the government recently ended its control over rupee under IMF condition and let market forces – mostly the banks – decide rupee-dollar exchange rate keeping in view the demand and supply situation of the foreign currency in the system.

To recall, Pakistan foreign currency reserves stand insufficient at $7.69 billion.

Experts said Pakistan is to make big import and foreign debt repayments before the outgoing fiscal year ends on June 30, 2019.

The situation; low reserves and high international payments, kept mounting pressure on rupee against the dollar.

On Wednesday alone, the rupee fell by a significant 3.3% to Rs162.16 to the greenback.

https://tribune.com.pk/story/2001203/2-rupee-loses-ground-trade-164-5/

Sorry for the leadership of Imran Khan, the slide is going on and on. There is no vision at all.

 

[AZADPAKISTAN2009]

In my Opinion should impose emergency on control of Dollar exchange
Traditionally dollar should only changed by 25 cents or 50 cents

The sudden fall in Rupee value and inflation will kill saving for people over 55 years old age in Pakistan or those in retirement

 

[Sine Nomine]

When full spectrum of poverty (multi-poverty) is taken....India stands at around 27% as of 2015.

https://ophi.org.uk/multidimensional-poverty-index/databank/global-comparisons/

View attachment 567246

Pakistan is the one closer to your range....in that it has 44% of its people in multidimensional-poverty.

Simply comparing poverty on some notion of global threshold income is flawed (I say that even though India is said to have dropped below 3% on that recently according to world poverty clock).

If you earn say 1000 rupees more than someone else over some time period, but eat less, have worse healthcare access, less education options, less access to basic welfare, less housing etc etc for that extra claimed income gain....whats the real point?

This is all big issues that imran govt will have to address rather than leave as status quo. In fact if the current serious issues are not addressed, time is not far that the poverty gains Pakistan has made on backdrop of PPP income (as it relates to poverty) will start to erode and even reverse.

I don't believe on these numbers at all.Not even what i said 40% Indians.
Data from Pak,India is near pile of lies and data from BD is full of lies.

 

[kris]

Between who?
Awam vs Elites,don't worry khayein gai nahi tou larain gai kesey.

What you said is called a revolution, not civil war

 

[Sine Nomine]

What you said is called a revolution, not civil war

Death to elites

 

[ejaz007]

What exactly does Pak export? I've seen clothes overseas but now you see more of Bangladesh and Vietnam on the shelves. They are certainly not into services or pharma.

Pakistan's top 10 exports:

1. Miscellaneous textiles, worn clothing
2. Cotton
3. Knit or crochet clothing, accessories
4. Clothing, accessories (not knit or crochet)
5. Cereals
6. Leather/animal gut articles
7. Sugar, sugar confectionery
8. Mineral fuels including oil
9. Beverages, spirits, vinegar
10. Salt, sulphur, stone, cement

 

[kris]

Death to elites

Another Arab spring in making

 

[I.R.A]

I seriously have failed to understand the rational behind all this ........ My guess is

Either

• IK is highly incompetent and has / had no idea (If you ask me I will say this is highly unlikely)

Or

• This is deliberate with full understanding of the consequences. This is most likely ..... why? Because from day one he started feeding people "Ap nay gabraba nai hy" so he already knew what was coming, then he made some very interesting appointments, including that one of Mr. Shabar ........ you must have heard that babus had tried objecting to his appointment and tried filing a petition against this ........ but all that has died down, you don't hear anything about it, on the other hand Mr. Shabar is the only FBR chairman that is given the liberty of appearing in media debates as chairman FBR very often (he already was a media person by the way). So my suggestion people who are trying being funny and think that they can keep on fooling the state, should think again and declare and start paying taxes. You may be a billionaire or have trillions but your life and your next generation's life is going to be difficult in Pakistan, should you chose to remain in Pakistan, that is most likely, because this appears to be the max Pakistan could have offered you for your loot, exploitation and tax evasion going unchecked. It's the start of the screams ........ and people who don't have any experience of it, who were never made to go thru this will scream the loudest. Pakistanis be rational and stop fooling the state and start declaring your wealth and be part of the tax system ...... this is not going to end irrespective of whether IK is at the helm or anyone else is given the chance. Don't wait for that moment "Dollar ko 200 ka honay do phir exchange karao ga".

And please stop bringing in Zimbabwe and Venezuela for your stupid comparisons. USD can hit 250 I will remain indifferent to it and for goodness sake that stupid Pakistan Stock Exchange too is no measure of economic performance, the way it operates on rumor mill is hardly any indicator of actual real worth of corporate, their plans and their operations in Pakistan.

 

[Jackdaws]

Pakistan's top 10 exports:

1. Miscellaneous textiles, worn clothing
2. Cotton
3. Knit or crochet clothing, accessories
4. Clothing, accessories (not knit or crochet)
5. Cereals
6. Leather/animal gut articles
7. Sugar, sugar confectionery
8. Mineral fuels including oil
9. Beverages, spirits, vinegar
10. Salt, sulphur, stone, cement

So no major money spinner except perhaps cement. Whatever the IMF plan, unless there is something you provide at a competitive cost and boost your exports - you won't get much traction in reviving the economy.