US DOLLAR MARCHES PAST HISTORIC RS172 MARK IN OPEN MARKET

[Nefarious]

Dollar is on a roll and don't discriminate against any currency it's doing well period. Crypto bubble is about to explode and bear markets coming and smart money is cashing up.

 

[Waterboy]

Pathetic state of affairs thanks to the current government’s hopeless economic policies. It appears now that there are only two things the PTI government is good at; giving false hope to the public and blaming everyone but themselves for their hopeless performance.

The dollar has depreciated from 107 rupees to 172 under the current regime, The prices of commodities as well as utilities has gone way past an ordinary person’s reach. The public is frustrated but can’t do anything at the moment however the do practice their one right every 5 years. Looking at the mood of the public in the country it’s apparent that they will vote for anyone but PTI in the upcoming general elections.
Its sad, for once we all thought that Imran Khan would be the saviour of this nation, his actions however proved otherwise.

Exactly. They're gonna depreciate the currency from 107 to 200 and still blame the other governments.
70 saal ki depreciation aik taraf aur PTI ki 5 saal ki depreciation aik taraf ho gai. They've have categorically fuxked every Pakistani.

 

[wali87]

Exactly. They're gonna depreciate the currency from 107 to 200 and still blame the other governments.
70 saal ki depreciation aik taraf aur PTI ki 5 saal ki depreciation aik taraf ho gai. They've have categorically fuxked every Pakistani.

Sadly it’s true.

 

[Zibago]

Exactly. They're gonna depreciate the currency from 107 to 200 and still blame the other governments.
70 saal ki depreciation aik taraf aur PTI ki 5 saal ki depreciation aik taraf ho gai. They've have categorically fuxked every Pakistani.

Currency was 128 when PTI took over and you gifted the highest deficit ever

We were almost bankrupt even before the election so much so that interim government had ti beg UAE and KSA just so we donr default on our payments

This won't stop unless our awaam is pushed to come out of "imported maal" mentality.

When I go to Pakistan I see everyone, from shopkeepers to malls to cousins to neighbors, even thelay wala bragging about "imported maal".

Secondly pakistan farig awaam dependent on govt should start making their lives useful and start exporting. There are lot of things a today's youngster can do thanks to internet.

The real problem here is the commodity super spike

Situation will improve once oil prices start to fall as production picks up

 

[VCheng]

Its sad tho, for once we all thought that Imran Khan would be the saviour of this nation, his actions however proved otherwise.

Some of us tried to warn people that this delusion was bound to be shattered.

 

[hussain0216]

Pathetic state of affairs thanks to the current government’s hopeless economic policies. It appears now that there are only two things the PTI government is good at; giving false hope to the public and blaming everyone but themselves for their hopeless performance.

The dollar has depreciated from 107 rupees to 172 under the current regime, The prices of commodities as well as utilities has gone way past an ordinary person’s reach. The public is frustrated but can’t do anything at the moment however the do practice their one right every 5 years. Looking at the mood of the public in the country it’s apparent that they will vote for anyone but PTI in the upcoming general elections. Tbh the public don’t care what explanations government gives them, they gave them a chance by voting for them at this government blew it badly.

Its sad tho, for once we all thought that Imran Khan would be the saviour of this nation, his actions however proved otherwise.

Thats because your morons who think that the current government can fix decades of stupidity and backwards economic policies in a few years and instead of thinking your default stupidity is to go back to the crooks who out you in this mess in the first place.

You deserve this with such thinking

 

[DocEinstein]

it'll reach 180 pkr and after 8-9 months come back to 165ish

Price of everything goes up in Pakistan. Nothing ever comes back down.

 

[POPEYE-Sailor]

https://www.facebook.com/video.php?v=220590070055598

 

[DocEinstein]

Dollar is on a roll and don't discriminate against any currency it's doing well period. Crypto bubble is about to explode and bear markets coming and smart money is cashing up.

You really think Crypto bubble is going to explode ? Just a thought process or some facts to back that statement? I have no clue where this Crypto thing is heading. Is it going to replace major currencies in the future or just a bubble that is going to pop ? Would be very interested in hearing people's thoughts and inputs. Maybe a separate thread on this topic ?

 

[Patriot forever]

Nowhere in the world does any industry grows if government doesn't brings reforms, new policies, creates an environment and provides incentives. This is just your another coping tactic just because PTI government is performing terribly and you want to put the blame on Pakistani citizens.

This depreciation of dollar is thanks to your current foreign minister who had a bad ego trip and got gdp growth rate 4%+ which isn't sustainable in Pakistan and automatically leads to CAD widening up massively and then leading towards rupee depreciation. He can't understand a simple thing that Pakistan has to keep GDP growth rate at 2-3% until exports rise up significantly and structural reforms are brought.

However, it feels like IK and his new FM tried to score easy political points by showing high gdp growth rate but it backfired.

A very objective post.



We can sustain 4% with the expected export receipts and remittances. August is 6%.

The currency is under pressure due to Afghanistan and international commodity prices ( prices don't hold at this level for long they will come down by the end of year). No one predicted the commodity inflation cycle or the events in Afghanistan, thats why SBP and finance ministry pulled back, with the restrictions on loans and tax regime in auto, the 25bps increase in interest rate.

Once these factors are stabilised currency will pull back like it appreciated in the 2nd half of last FY. Our import bill is inflated at least $1.5b due to international commodity prices. We need to do now is to adjust our growth (curb demand) to these temporary factors in the short term. Manage liquidity in the market to counter factors such as Afghanistan outflow and imports such as TERF, do not manipulate currency artificially. This is exactly what SBP is doing, maintaining REER value at 95-99%.





.

 

[wali87]

Thats because your morons who think that the current government can fix decades of stupidity and backwards economic policies in a few years and instead of thinking your default stupidity is to go back to the crooks who out you in this mess in the first place.

You deserve this with such thinking

Your problem is that your overly obsessed with nawaz and pp party and blindly worship imran so whenever someone speaks against PTI you automatically assume that person wants the previous govt back. While at the same time you have a brain the size of a peanut with zero intellect or manners so its completely understandable where your idiotic way of replying stems from. First go and learn some manners on how to converse and then open your mouth.

fix decades of problems in a few years." This narrative is outdated and is not even worth responding to. However, a few years are enough to give an idea of whats to come in future in terms of performance.
Anyhow I feel its pointless to argue with your type. its pretty apparent that your one of those tape recorders who have no sense of their own so you go on blabbing whatever you hear in your social circle and society.

Some of us tried to warn people that this delusion was bound to be shattered.

He deserved his chance since that was the demand of the people. now everyone knows that he too is not an administrator worthy or running this country. Hes an honest man but in my opinion would ve served better as a foreign minister rather than as a prime minister.

 

[FuturePAF]

Nowhere in the world does any industry grows if government doesn't brings reforms, new policies, creates an environment and provides incentives. This is just your another coping tactic just because PTI government is performing terribly and you want to put the blame on Pakistani citizens.

This depreciation of dollar is thanks to your current foreign minister who had a bad ego trip and got gdp growth rate 4%+ which isn't sustainable in Pakistan and automatically leads to CAD widening up massively and then leading towards rupee depreciation. He can't understand a simple thing that Pakistan has to keep GDP growth rate at 2-3% until exports rise up significantly and structural reforms are brought.

However, it feels like IK and his new FM tried to score easy political points by showing high gdp growth rate but it backfired.

Foreign minister or finance minister?

 

[Patriot forever]

yeah
and who was doing a better job at exports?

PPP, PMLN, PTI

I feel
1-PTI
2-PPP
3-PMLN

this is the best option

Idiots don't realize that the reason their currency is weak and volatile because their exports did not grow in proportion to the population and imports growth.

All they want is just to subsidise everything be it dollar or petrol or dog food.

Indians are not crying even though petrol is more expensive there after adjusting for purchasing power.

 

[khail007]

Keeping in view the state of mind of people, IMO this nation only deserves to be 'peeli taxi drivers' from PM scheme with every PM's who promotes that scheme, his picture printed on side door or back window.

 

[313ghazi]

This won't stop unless our awaam is pushed to come out of "imported maal" mentality.

When I go to Pakistan I see everyone, from shopkeepers to malls to cousins to neighbors, even thelay wala bragging about "imported maal".

Secondly pakistan farig awaam dependent on govt should start making their lives useful and start exporting. There are lot of things a today's youngster can do thanks to internet.

Even in AJK, every shop you go to - ye design Indian hai, yeh item Chinese hai etc etc.

A kid tried to blag towels as Chinese to me even though they had made in Pakistan labels on them. Proper third class mentality. Everyone shitting on their own.