Rupee overvaluation

[Shane]

My advise to all my fellow PDFers, @Shane @WaLeEdK2

Just ignore the idiot.

The exposition of the dimwitted sparrow is complete.

 

[RIP Pak LAW]

Only an enemy of Pakistan would defend rupees devaluation. And you know who they are.

PTI and its supporters.

These scum would gladly fly to America, England and enjoyed stable currency but preach about devaluation of rupees.

Why?

You're smart enough

From where we get these idiots from ?

 

[IceCold]

It was the Scum from PMLN, Miftah Ismael and his business partner Shahid Khaqan who started the Rupee devaluation pit fall from 105 in December 2017 to 124 by June 2018.
View attachment 561154

The Dimwitted PMLN Patwaris have no habit of checking up on the claims of their equally dimwitted corrupt leadership.

PTI should actually be accused of following the same path of devaluation that was already adopted by PMLN itself as the way out of its own created economic disaster.

DOnt try to put some sense in Khota khor Patawari. He is programmed in such manner. Logic be damned.

 

[Baby Leone]

i guess that is the reason why Imports in Pakistan increased rapidly while not sign of exports increase which the first time any govt is looking after and taking it seriously.........

 

[Sugarcane]

I look at the example of Turkey and Malaysia and i know what i said is right. They've shown it practically how currency overvaluation is bullshit PTI is trying to sell in a fancy wrapper because they've sold us to IMF. Slaves gotta justify their slavery, no?

Turkey was also in economic crisis, in 2005 Turkey had to remove six zeroes from currency (that tells you how down Turkish Lira was). But after that it swallowed pill of tough reforms to fix the economy. While Pakistani prefer easy booster injection in form of loans and aid to get temporary relief instead of taking difficult path to fix the problem. Mindset of Pakistan nation in general is of beggar, they are always begging for freebies, subsidies from government, and to provide this government beg from other countries.

 

[xyxmt]

Net election please Elect me as you PM
I can blame previous govt better than anyone has ever done in the history of Pakistan.
I will even blame parent of previous govt for conceiving them, and their parent for conceiving them and on and one
until the next election, I will even pull their family tree from ancestry.com and wont spare anyone from the sajhra-e-nasb

vote for xyxmt next election and i will make your life better knowing who f'ed you and his entire ancestry.

 

[fisher1]

Turkey was also in economic crisis, in 2005 Turkey had to remove six zeroes from currency (that tells you how down Turkish Lira was). But after that it swallowed pill of tough reforms to fix the economy. While Pakistani prefer easy booster injection in form of loans and aid to get temporary relief instead of taking difficult path to fix the problem. Mindset of Pakistan nation in general is of beggar, they are always begging for freebies, subsidies from government, and to provide this government beg from other countries.

Oh sure, blame the victims instead of the culprits.

After all it's too hard for you Imran Khan slaves to admit that the person you blindly follow is up to no good and it's the poors fault for the state country is in.

Erdogan didn't cry 24/7 how previous government gave him the country in bad condition. He actually took action.

 

[Sugarcane]

Oh sure, blame the victims instead of the culprits.

After all it's too hard for you Imran Khan slaves to admit that the person you blindly follow is up to no good and it's the poors fault for the state country is in.

Erdogan didn't cry 24/7 how previous government gave him the country in bad condition. He actually took action.

Who is victim? People in general who think begging is their fundamental right and don't care how funds will be arranged to give them charity?

You, yourself manifest the qualities you are accusing others for, and you proved that how close minded you are by admitting that you stopped reading after "because overvaluation makes imports cheap" and didn't even bothered to try to understand the argument. As far as I am concerned, No - I don't follow anyone blindly and politicians will be the last ones whom I will even think to follow. Read and try to understand my signature. Anyway, it doesn't matter clowns call me Patwari, Youthia, Arab slave / hatter, Iran slave / hatter, Libtard, Mullah, Kafir, Qadiani (list of titles I received on PDF is long) - that's because my loyalties are with state of Pakistan not with parties, personalities or other countries and will say what in my understanding is better for Pakistan and there are always people who don't like what I say.

Turkey as nation swallowed the bitter pill to fix their economy, it wasn't that Erdogan single handedly fixed everything without support of people. Turkey would have been in same or even worse situation if the people started screaming for every tough action taken by government to fix economy like Pakistanis.

 

[fisher1]

Who is victim? People in general who think begging is their fundamental right and don't care how funds will be arranged to give them charity?

You, yourself manifest the qualities you are accusing others for, and you proved that how close minded you are by admitting that you stopped reading after "because overvaluation makes imports cheap" and didn't even bothered to try to understand the argument. As far as I am concerned, No - I don't follow anyone blindly and politicians will be the last ones whom I will even think to follow. Read and try to understand my signature. Anyway, it doesn't matter clowns call me Patwari, Youthia, Arab slave / hatter, Iran slave / hatter, Libtard, Mullah, Kafir, Qadiani (list of titles I received on PDF is long) - that's because my loyalties are with state of Pakistan not with parties, personalities or other countries and will say what in my understanding is better for Pakistan and there are always people who don't like what I say.

Turkey as nation swallowed the bitter pill to fix their economy, it wasn't that Erdogan single handedly fixed everything without support of people. Turkey would have been in same or even worse situation if the people started screaming for every tough action taken by government to fix economy like Pakistanis.

You're assuming things about Pakistani nation which aren't true.

Your statements make sense if you apply that to Pakistani politicians.

People voted Imran Khan because he promised no loans, reforms and Riasat e Medina.

What we got was the complete opposite of that and he turned out to be a gigantic liar. He drowned us in loans, he has no interest in reforms and Riasat e Medina is the opposite of Imran Khan words and actions.

Pakistanis didn't want that, Pakistanis would've been glad to suffer economic hardship if they actually saw that Khan was honest but who can trust a liar.

I voted for him before elections and after he made Shobaz PAC chairman, i knew tabdeeli had died.NOw i loathe him because he has taken a Uturn on every single thing he said before elections.

People don't trust Imran Khan anymore save for the rich entitled population, he lost trust of the majority of people when he went to IMF, when he took in PPP dirt etc etc.

So if you want to blame someone, blame the politicians.

By the way, despite Khan's despicable actions and lies, look at what's trending on Twitter. #boycottdollar

PS: About the article i explained in detail why rupees devaluation is not at all an option for Pakistan.

 

[Sugarcane]

You're assuming things about Pakistani nation which aren't true.

I am not assuming anything but stating fact, If they didn't have begging mentality then they wouldn't be demanding government to provide things below than cost.

People voted Imran Khan because he promised no loans, reforms and Riasat e Medina.

What we got was the complete opposite of that and he turned out to be a gigantic liar. He drowned us in loans, he has no interest in reforms and Riasat e Medina is the opposite of Imran Khan words and actions.

Pakistanis didn't want that, Pakistanis would've been glad to suffer economic hardship if they actually saw that Khan was honest but who can trust a liar.

I voted for him before elections and after he made Shobaz PAC chairman, i knew tabdeeli had died.NOw i loathe him because he has taken a Uturn on every single thing he said before elections.

People don't trust Imran Khan anymore save for the rich entitled population, he lost trust of the majority of people when he went to IMF, when he took in PPP dirt etc etc.

So if you want to blame someone, blame the politicians.

By the way, despite Khan's despicable actions and lies, look at what's trending on Twitter. #boycottdollar

As I said, politicians will be the last one whom I will ever think about following. Politics is just an expectable name of deception as 99.9999% people do politics for personal gains not to solve problems of others. And certain bitter pills people have to swallow and change their habits no matter who becomes PM unless you find some Qaroon ka Khazana.

 

[maithil]

How can this "expert" say this. India and Pakistan started with the rupee valued the same from 1947. Today 1 Indian rupee is worth ~ 2.3 Pakistani rupee. How is that undervaluing the Indian rupee ???? If anything it should be Pakistan making all that stuff.



The day the IMF placement at the head of SBP allowed the devaluation of PKR to 150 is the day Pakistan increased it external dollar debt to an PKR equivalent of $4.6 BILLION . That was in a SINGLE 24 HR DAY
Thats more money than Nawaz and Zardari and Dar could conceivably have stolen in 20 years

In 1998 :

Dollar vs INR : 52.76
Dollar vs PKR : 45

 

[RoadRunner401]

Don't derail the thread please, topic has absolutely nothing to do with India. for your amusement ill post INR rates from 1947 (give or take a penny or two).

How can this "expert" say this. India and Pakistan started with the rupee valued the same from 1947. Today 1 Indian rupee is worth ~ 2.3 Pakistani rupee. How is that undervaluing the Indian rupee ???? If anything it should be Pakistan making all that stuff.

In 1947 the exchange rate was 1 USD to 1 INR but today (05/21/2019) you need 69.74 INR to buy a USD.

Here is the history of rupee devaluation since 1947

Year—Exchange rate(Rs per $)

1948—1.3

1949—3.67

1950 - 1966—-4.76

1966—7.5

1975—8.39

1980—7.86

1985—12.38

1990—17.01

1995—32.427

2000—43.5

2005 (Jan)-43.47

2006 (Jan)—45.19

2007 (Jan)—39.42

2008 (October)—48.88

2009 (October)—46.37

2010 (22 January)—46.21

2011 (April)—44.17

2011 (21 September)—48.24

2011 (17 November)—55.395

2012 (22 June)—57.15

2013 (15 May)—54.73

2013 (12 Sep)—62.92

2014 (15 May)—59.44

2014 (12 Sep)—60.95

2015 (15 Apr)—62.3

2015 (15 May)—64.22

2015 (19 Sep)—65.87

2015(30 Nov)—66.79

2016(20 Jan)—68.01

2016(25 Jan)—67.63

2016(25 Feb)—68.82

2016 (14 April)—66.56

 

[Turingsage]

Don't derail the thread please, topic has absolutely nothing to do with India.

I did not bring India into the thread. The "expert" in economic affairs who wrote the oped did. Please try at least to read before hammering away at the keyboard. Many many currencies depreciated against the dollar. The german austrian french currencies historically. Pakistans currency is in free fall and according to the "expert" India makes things and Pakistan does not because Indias currency is cheaper than Pakistans.
Is that true ????
IT is not

And again I say
The day the IMF placement at the head of SBP allowed the devaluation of PKR to 150 is the day Pakistan increased it external dollar debt to an PKR equivalent of $4.6 BILLION . That was in a SINGLE 24 HR DAY
Thats more money than Nawaz and Zardari and Dar could conceivably have stolen in 20 years

 

[RoadRunner401]

Pakistan's currency is in free fall and according to the "expert" India makes things and Pakistan does not because Indias currency is cheaper than Pakistan's.
Is that true ????
IT is not

At the end of 1990. The Indian government was close to default and its foreign exchange reserves dried up to the point that India could barely finance three weeks’ worth of imports. In July of 1991 the Indian government devalued the rupee. After Americans pumped 40 Billion dollars into Indian Economy Via GE Finance to stabilize Indian economy and saved her from default. You can pretend that this never happened I don't care.

Everything else (why Pakistan isn't manufacturing goods and why India is) is very, very clearly explained it in the Topic all you have to do is read beyond the depreciation of the Indian rupee.