Rupee slumps to all-time low of 134 against US dollar

[Champion_Usmani]

https://twitter.com/x/status/1049605003793637378

 

[HAIDER]

Last year it was predicted it will stop at 150 to dollar. It is 138 right now anyway.

 

[Lucky Breeze]

Guess they learnt after all that selling PM house bulls doesn't stops the IMF to do their thing

Actually its always sad when something shake the confidence and optimism.

 

[Syed1.]

Somebody tell these patwaris doing bhangra over this drop in dollar that bc this effects you as well. They are so thick they don't even realize it.

 

[VCheng]

Last year it was predicted it will stop at 150 to dollar. It is 138 right now anyway.

It will drop to 135-140 in a few months, and gradually sink to around 150 by about two years. After that, it all depends on how effective the government policies are in turning the economy around, or not. Inflation will rise considerably. Everyone will be affected significantly.

 

[HAIDER]

It will drop to 135-140 in a few months, and gradually sink to around 150 by about two years. After that, it all depends on how effective the government policies are in turning the economy around, or not. Inflation will rise considerably. Everyone will be affected significantly.

Actually ex finance minister was holding this drop and it badly hurt balance of payments.

 

[Indrajit]

It will drop to 135-140 in a few months, and gradually sink to around 150 by about two years. After that, it all depends on how effective the government policies are in turning the economy around, or not. Inflation will rise considerably. Everyone will be affected significantly.

The timeline that you have suggested may accelerate dramatically if the IMF believes that the value of the currency is at a higher level. The depreciation may simply be a prerequisite to a bailout discussion.

 

[VCheng]

Actually ex finance minister was holding this drop and it badly hurt balance of payments.

That policy was not wise at all. Allowing the PKR to float freely is the correct policy, to free it from such ill-advised actions and political manipulation.

The timeline that you have suggested may accelerate dramatically if the IMF believes that the value of the currency is at a higher level. The depreciation may simply be a prerequisite to a bailout discussion.

A dramatic fall will not serve anyone well. A quick adjustment followed by a gradual decline to its true value will be the way to go.

 

[HAIDER]

That policy was not wise at all. Allowing the PKR to float freely is the correct policy, to free it from such ill-advised actions and political manipulation.



A dramatic fall will not serve anyone well. A quick adjustment followed by a gradual decline to its true value will be the way to go.

May be he learnt from Chinese , they are not allowing there currency float and that will be good news for Pakistan to pay CPEC debt or not ...

 

[VCheng]

May be he learnt from Chinese , they are not allowing there currency float and that will be good news for Pakistan to pay CPEC debt or not ...

Let me just observe that Pakistan is not China, for now.

 

[BHarwana]

Actually its always sad when something shake the confidence and optimism.

PTI shook the confidence them selves by every day crying against economy forgetting that it will hurt them in the back.
To gain sympathy they made them self a target and became prey. When you get an office you speak progress and not dance on previous falls. People's job was to vote they voted you now stop crying and start delivering.

 

[HAIDER]

Let me just observe that Pakistan is not China, for now.

But 50 billion CPEC debt will fall soon ...and will be free fall with chinese term and condition.

 

[VCheng]

But 50 billion CPEC debt will fall soon ...and will be free fall with chinese term and condition.

If IMF approves Pakistan's request, then CPEC repayments will be part of the picture to be examined.

 

[HAIDER]

If IMF approves Pakistan's request, then CPEC repayments will be part of the picture to be examined.

Its only 8 billion from IMF. These few billion will be adjust in debt payments and circular debts. I really fail to understand the mathematics of Pakistan economy . Every finance minister has 3 things in his mind, VAT,variety of taxes and loans. They don't go beyond these lines. O and 4th is privatization, for that no asset left.

 

[SunilM]

What a 'game changer' CPEC has been for Pakistan. It gives and will continue giving. And still no one knows the term and conditions of the agreements.