USD/PKR update ,market movement continues

[blueazure]

as explained in my last threads ( those who read me ) , the USD/PKR has been left at the mercy of 'market forces' .

PMEx traders, CB ,banks are all on board the dollar parity manipulation and the rate keeps moving up despite the slow down in imports and even increased remittances. despite what people think, forex brokers are not onboard this game, they are just too illiquid to move the price

my discussions with insiders ( bank , forex ppl ) suggest a short term price action to 170 and finally a PKR/USD price to settle around 180 -185 ish by June 2020.

Note ;- major companies (engro etc) have converted most of the PKR equity to USD

 

[Yaseen1]

govt has decided that dollar value will be dependent on market and govt will not regulate it so it is now easy for manipulators to devalue rupee for their personal gains as govt has given open market participants authority to decide about dollar rates

 

[El Sidd]

Black dollar economy has to be kept in check if stability is of any importance to the GoP.

 

[Wikki019]

as explained in my last threads ( those who read me ) , the USD/PKR has been left at the mercy of 'market forces' .

PMEx traders, CB ,banks are all on board the dollar parity manipulation and the rate keeps moving up despite the slow down in imports and even increased remittances. despite what people think, forex brokers are not onboard this game, they are just too illiquid to move the price

my discussions with insiders ( bank , forex ppl ) suggest a short term price action to 170 and finally a PKR/USD price to settle around 180 -185 ish by June 2020.

Note ;- major companies (engro etc) have converted most of the PKR equity to USD

View attachment 571335

Reserves are decreasing or Increasing?

 

[blueazure]

Reserves are decreasing or Increasing?

mostly stagnant .

 

[AZADPAKISTAN2009]

Considering the Damage done under Nawaz Sharif

Debt to GDP ratio

Positive Signs for Year 2020

#1 Saudi Oil deffered prices , we should save 10 Billion in oil payments per year
#2 Coalition Support fund (CSF 2010-2018) , we are owed 9 Billion
#3 Focus on internal Tax revenue (Permenent fix to economy is being applied)

 

[bafxet]

Considering the Damage done under Nawaz Sharif

Debt to GDP ratio

Positive Signs for Year 2020

#1 Saudi Oil deffered prices , we should save 10 Billion in oil payments per year
#2 Coalition Support fund (CSF 2010-2018) , we are owed 9 Billion
#3 Focus on internal Tax revenue (Permenent fix to economy is being applied)

What damage was done by NS? This is insane that all sorts of allegations are being lavied against him without even giving him an opportunity to explain his position.

Anyway, the Current Account deficit is the culprit. There is no addition in the export base of this country and it still revolves around Cotton, Rice, leather etc etc. As it was in 1975 than we were 100 millions whereas we are 220 millions now. Foreign investors have made their choice in favour of China, India, Vietnam etc etc as against Pakistan. Let alone the foreign, even local investors are not willing to invest here.

NS created a conducive investment environment. First, by sorting out Power generation, than Improving Law n Order particularly in Karachi and followed by lower inflation and lower interest rates

He may not have been accomplished everything ideally but economy is where things are going on constantly like 'Men at work'.

 

[Samlee]

Note ;- major companies (engro etc) have converted most of the PKR equity to USD

Engro Has To Convert.They Have No Choice Otherwise Their $600 Million Would Be Worth Nothing Soon

The Rupee Devaluation Has Ruined Their Investment Plans

 

[blueazure]

Positive Signs for Year 2020

#1 Saudi Oil deffered prices , we should save 10 Billion in oil payments per year
#2 Coalition Support fund (CSF 2010-2018) , we are owed 9 Billion
#3 Focus on internal Tax revenue (Permenent fix to economy is being applied)

1. we have to pay back oil money , eventually . it aint free sir

2. Nothing about CSF so far

3. tax collection drive is failing


alarm ......

 

[bafxet]

Considering the Damage done under Nawaz Sharif

Debt to GDP ratio

Positive Signs for Year 2020

#1 Saudi Oil deffered prices , we should save 10 Billion in oil payments per year
#2 Coalition Support fund (CSF 2010-2018) , we are owed 9 Billion
#3 Focus on internal Tax revenue (Permenent fix to economy is being applied)

10 billion? How come we will save 10 billion? Till 30th June I.E. for one year it is little less than USD 3 Billions. This is what was out in the press unless you have an inside source giving you a confidential information.