Rupee slumps to all-time low of 134 against US dollar
- Thread starter SunilM
- Start date
Chanakyaa
BANNED
- Joined
- Jan 17, 2009
- Messages
- 6,538
- Reaction score
- -36
- Country
- Location
Indian Rupee just break the record of all time low today lol question is what will happen to Indian economy.
I was so happy that dollar is 134 because my rice will be expensive and I will make profit but this turns out to be that dollar is still low now I am very sad
A country projected by IMF and WB ( Just Yesterday ) to have the highest Growth in 2019, is being compared with a bigger nation running from one country to another for bailout and finally settled for IMF !
Wow. Amazing. Fantastic.
Champion_Usmani
SENIOR MEMBER
- Joined
- Jan 10, 2018
- Messages
- 4,022
- Reaction score
- 0
- Country
- Location
In the last two weeks, foreign investors sold shares worth $17.8 million and by Monday noon, another Rs110 billion were wiped out from the market. The KSE-100 settled at 37,898 points when the market closed with Rs272 billion wiped out. Last time market traded at this level was in December 2017.
On 18th August 2018, when the Prime Minister of Pakistan Imran Khan has taken the oath as the chief executive of the country, 100 Index was trading at fair level of 42,440 points which in a span of 52 days of Pakistan Tehreek-e-Insaf government plummeted with a drop of 11 pc which constitutes a loss of 4,542 points.
Imran Khan led PTI government claims a mandate of change. It was considered that the change would boost the investor’s interest and confidence in the market however the reversing situation is shocking for the government, investors, market and business circles. However, in contrast rates of shares have also depleted and dropped by Rs. 448 billion which is being considered shattering for the incumbent government.
In June 2013, when the Nawaz Sharif led PMLN government resumed the government offices, Pakistan stock exchange was trading at 19, 916 points which surged up to 32, 960 points which was a gain of 263 pc in the tenure of former government.
Pakistan Muslim League – Nawaz led by former Premier Nawaz Sharif claimed it as their economic policies’ triumph.
During the tenure of PMLN government, PSX has reached to its highest with 52, 876 points on 24 May, 2017. Only in last 16 months, 100 Index has dropped by 15, 000 points. Stocks were trading on 45, 912 points when Ex-Prime Minister Nawaz Sharif was ousted by the Supreme Court of Pakistan whereas on the last day of PMLN government, market was settled at 42, 845 points. Capital Market since the ouster of the former Premier Nawaz Sharif has denigrated 39 pc whereas since the end of PMLN, it is plummeted by 18 pc.
https://dunyanews.tv/en/Pakistan/46...-PTI-Asad-Umar-PM-Imran-Khan-economy-Pakistan
On 18th August 2018, when the Prime Minister of Pakistan Imran Khan has taken the oath as the chief executive of the country, 100 Index was trading at fair level of 42,440 points which in a span of 52 days of Pakistan Tehreek-e-Insaf government plummeted with a drop of 11 pc which constitutes a loss of 4,542 points.
Imran Khan led PTI government claims a mandate of change. It was considered that the change would boost the investor’s interest and confidence in the market however the reversing situation is shocking for the government, investors, market and business circles. However, in contrast rates of shares have also depleted and dropped by Rs. 448 billion which is being considered shattering for the incumbent government.
In June 2013, when the Nawaz Sharif led PMLN government resumed the government offices, Pakistan stock exchange was trading at 19, 916 points which surged up to 32, 960 points which was a gain of 263 pc in the tenure of former government.
Pakistan Muslim League – Nawaz led by former Premier Nawaz Sharif claimed it as their economic policies’ triumph.
During the tenure of PMLN government, PSX has reached to its highest with 52, 876 points on 24 May, 2017. Only in last 16 months, 100 Index has dropped by 15, 000 points. Stocks were trading on 45, 912 points when Ex-Prime Minister Nawaz Sharif was ousted by the Supreme Court of Pakistan whereas on the last day of PMLN government, market was settled at 42, 845 points. Capital Market since the ouster of the former Premier Nawaz Sharif has denigrated 39 pc whereas since the end of PMLN, it is plummeted by 18 pc.
https://dunyanews.tv/en/Pakistan/46...-PTI-Asad-Umar-PM-Imran-Khan-economy-Pakistan
Last edited:
BHarwana
MODERATOR
- Joined
- Sep 24, 2016
- Messages
- 24,827
- Reaction score
- 20
- Country
- Location
@SunilM Asia's worst performing currency Indian rupee going down the drain.
Very bad and very sad
Very bad and very sad
What is highest in India is poverty and nothing else. Every thing else in Indian economy is going down the drain.
Moonlight
MODERATOR
- Joined
- Nov 1, 2015
- Messages
- 6,406
- Reaction score
- 42
- Country
- Location
Why the heck Indians so excited for that? Why they have problem with Imran Khan?
People, you will see the same PM making the same economy flourish.
Your love for Nawaz Sharif is self explanatory but don’t you worry along with Pmln supporters from Pakistan “Kaptaan” would make you cry too.
People, you will see the same PM making the same economy flourish.
Your love for Nawaz Sharif is self explanatory but don’t you worry along with Pmln supporters from Pakistan “Kaptaan” would make you cry too.
Champion_Usmani
SENIOR MEMBER
- Joined
- Jan 10, 2018
- Messages
- 4,022
- Reaction score
- 0
- Country
- Location
Moonlight
MODERATOR
- Joined
- Nov 1, 2015
- Messages
- 6,406
- Reaction score
- 42
- Country
- Location
Look who is talking. Hahahahaha. Oh lady
Champion_Usmani
SENIOR MEMBER
- Joined
- Jan 10, 2018
- Messages
- 4,022
- Reaction score
- 0
- Country
- Location
LeGenD
MODERATOR
- Joined
- Aug 28, 2006
- Messages
- 15,813
- Reaction score
- 162
- Country
- Location
I supported PTI in 2013 and 2018, and I pity shortsightedness of PTI members.
KARMA?
"Verily, Allah has revealed to me that you must be humble towards one another, so that no one wrongs another or boasts to another." - Sahih Muslim (2865)
---
And do not turn your cheek [in contempt] toward people and do not walk through the earth exultantly. Indeed, Allah does not like everyone self-deluded and boastful. - (Surah Luqman, verse 8)
---
I have pointed out before that narrative-building against IMF is shortsighted, and should be discouraged. Politics should be conducted sensibly.
Pakistan finds itself in 'economic crisis' due to its internal problems (corruption and lack of strategic depth), and not due to IMF.
@BHarwana
@maximuswarrior
Last edited:
BHarwana
MODERATOR
- Joined
- Sep 24, 2016
- Messages
- 24,827
- Reaction score
- 20
- Country
- Location
Lol I see the problem you are facing now. This very thread is making IMF look like the devil here so you see what I mean. Hahaha.
It is always the public opinion that matters and trolls at work here are doing damage to their very own goal. Lol. This is something people cannot understand and I know you are pissed. Lol
LeGenD
MODERATOR
- Joined
- Aug 28, 2006
- Messages
- 15,813
- Reaction score
- 162
- Country
- Location
Why I be pissed? Lol
I am laughing at the stupidity and shortsightedness of people. Do not mind this but you fit the bill.
Please carry on with the circus.
BHarwana
MODERATOR
- Joined
- Sep 24, 2016
- Messages
- 24,827
- Reaction score
- 20
- Country
- Location
Dollar going up and rupee going down means our exports will rise and our economy will do better. The policy of IMF give pain in short run but helps in long run.
But IMF is also not all good because that loan hurts you. In my advice Pakistan should not go to IMF but implement all IMF proposed policies.
Champion_Usmani
SENIOR MEMBER
- Joined
- Jan 10, 2018
- Messages
- 4,022
- Reaction score
- 0
- Country
- Location
AZ1
ELITE MEMBER
- Joined
- Jul 25, 2017
- Messages
- 11,834
- Reaction score
- -1
- Country
- Location
This tweet you shared shows that PMLN took the loan and didn't return and we are at this stage. Thanks lol.
Similar threads
