US dollar jumps to Rs146.25 in open market

[Reddington]

US dollar jumps to Rs146.25 in open market


Web Desk

MAY 15, 2019

KARACHI: The US dollar reached an all-time high of Rs146.25 in the open market on Wednesday.

The dollar reached the all-time high in Pakistan after an increase of Rs2.25 and was being traded at Rs146.25, according to the rates released by the Exchange Companies Association of Pakistan on Wednesday.

“The investors have taken the IMF conditions as negative, especially with regard to free float of the rupee against the dollar and increasing the interest rate,” Yawar Uz-Zaman, head of Research at Shajar Capital, a brokerage house in Karachi told AFP.

On Tuesday, the rupee closed at Rs144 against the greenback, 0.20 percent weaker from the previous closing of Rs143.70.

https://dailytimes.com.pk/394623/us-dollar-jumps-to-rs146-25-in-open-market/

 

[maithil]

2 days since IMF deal and Dollar has increased by Almost 5 Rupees. Good signs.

 

[Path-Finder]

or do what bodhi puncture dar did spend 22 billion to keep dollar suspended!

 

[INDIAISM]

@BHarwana very bad very Sad
1 Indian Rupee equals
2.01 Pakistani Rupee in open market

1INR = 2.08 PKR

 

[Roybot]

This is very bad and very sad.

 

[Fawadqasim1]

just wait for one week.
Some people are just wasting their money in open market it's totally based on speculation.

Slow poison... will make the assets price cheaper even... thus the penny-to-dollar fire-sale of SOEs...

EconomicHit 101.

The best option was to get those top 500 chorz and had checks signed within 2 months of taking office... the entire Pak Public was behind IK. Would have made him a true leader... but.....

Now... a legal robbery. Wah, wah... kia baat hai!

Sir humbly under which law or rules

 

[VCheng]

2 days since IMF deal and Dollar has increased by Almost 5 Rupees. Good signs.

Only in the open market. The official rate and policy remain unchanged as of now, but it might change after the bailout is formally approved and signed.

 

[INDIAISM]

just wait for one week.
Some people are just wasting their money in open market it's totally based on speculation.

In one week it will be worse then this...Btw by the end of the year it was cost you anything between 156 pkr to 165 pkr to buy 1 $...

 

[Jf Thunder]

The US dollar reached an all-time high of Rs146.25 in the open market on Wednesday.

this sentence is getting old

 

[Fawadqasim1]

In one week it will be worse then this...Btw by the end of the year it was cost you anything between 156 pkr to 165 pkr to buy 1 $...

And who told you that why the interbank rates are going down yes down today.
It means it's just speculation mostly by ppp
and patwaries.

 

[ARMalik]

So this SBP Governor has not even done his 1st week and he has already started to kill the economy. Nice job IK, and nice good the so called 'Deep State' for playing the same filthy game with the people of Pakistan. You are as bad as corrupts like NS and Zardari.

 

[Reddington]

Slow poison... will make the assets price cheaper even... thus the penny-to-dollar fire-sale of SOEs...

EconomicHit 101.

The best option was to get those top 500 chorz and had checks signed within 2 months of taking office... the entire Pak Public was behind IK. Would have made him a true leader... but.....

Now... a legal robbery. Wah, wah... kia baat hai!

Sir yeh ab Imran k bas ki baat nhin ha. I feel pity for him though.

My dear Young Pak,

By the signature on paper of IMF agreement... that forces states towards devaluation, further to reduce their liabilities... since, it is a legal document therefore, whatever follows after is legal.

But fundamental question that you need to ask: If it is legal is it Lawful?

EconomicTerrorism of last ten years has brought Our Land to edge of an Abyss...

EconomicHitmen have landed... terrorism is activated inside Pak... it is all part of hyper Hybridwar... but sadily, our State is in deep sleep and our #MarasiParliment is useless.

Last ten years destroyed PIA, PSM, PR and many more... craeting White elephants... because the idea of #CrimianalEnterprise was to buy them penny-to-dollar... same as MCB case as an example.

List is long...hopefully, you get the picture. Isaq$ and Noora laid the foundation of EconomicTerrorism in Our Land in 1992 with that hideous MoneyBill.

Mangus

We need a strong technocratic government which will do a brutal accountability of Nawaz, Zardari and their cronies. This corrupt system has failed.

 

[INDIAISM]

And who told you that why the interbank rates are going down yes down today.
It means it's just speculation mostly by ppp
and patwaries.

https://defence.pk/pdf/threads/rupee-to-depreciate-rs160-165-against-us-dollar-by-dec-2019.617458/

 

[litman]

IK has failed miserably in economic front.

 

[BHarwana]

Google says other wise.