Advice for dollar and foreign currency buyers

[BHarwana]

Today in Pakistan dollar price went down by Rs 3 to 1 USD = 126 Rs. The rupee is strengthening very fast and there will be future sell off in price.

My advice for this month is to start selling your dollar stocks as Rupee will strengthen further so to avoid loss trade back to Rupee and dump your dollar as supply will increase for dollar and it is coming down.

Gold price fell by Rs 1200/tola

Please look for other investment in my suggestion moving to stocks or real estate is better option for future now.

Dollar will come back to under Rs 100 due to huge import tariffs so holding dollar is foolish for now.

If you are an importer please let the dollar fall and then import it will help you make maximum profits.

 

[bafxet]

I wish it happens.

 

[Proudpakistaniguy]

Pound rate is same at 168/169

 

[BHarwana]

I wish it happens.

It has started in the morning the market started buy at 127 and sell at 128.30
It closed at 126.40 dollar is falling. The news of IK forming govt is bring in more investment and high tariffs is reducing dollar demand.

If you are an over sea Pakistan this is best time to send money to Pakistan for investment as in coming days dollar will fall and you will receive low value for dollar.

 

[Skull and Bones]

I bet investors will buy more dollars and gold, and wait for rupee to form a stable base before reinvesting back into rupee. This dead cat bounce is no indication of strength returning to rupee. If there is a possible IMF bailout, then Rupee will depreciate back to 180-200 range.

You guys might well buy bitcoin, and see where it goes.

 

[BHarwana]

Plus govt has a Rs 6 artificial rupee depreciation if govt drops that then dollar buyers will face huge loss which is about to happen in a week's time.

I bet investors will buy more dollars and gold, and wait for rupee to form a stable base before reinvesting back into rupee. This dead cat bounce is no indication of strength returning to rupee. If there is a possible IMF bailout, then Rupee will depreciate back to 180-200 range.

You guys might well buy bitcoin, and see where it goes.

Dollar investors are scared due to the IMF news every one is halting dollar purchase and importers are waiting for dollar to come down halting much of import orders.

My analysis says to go for oil stocks mainly OGDC as they are soon to announce oil field discovery in northern Punjab.

 

[Skull and Bones]

Dollar investors are scared due to the IMF news every one is halting dollar purchase and importers are waiting for dollar to come down halting much of import orders.

My analysis says to go for oil stocks mainly OGDC as they are soon to announce oil field discovery in northern Punjab.

You don't invest based on the anticipated news of oil field discovery, that is speculative investing. Invest in companies with strong fundamentals and adequate cash flow, and those who are benefited in short/mid term with lower PKR.

 

[BHarwana]

You don't invest based on the anticipated news of oil field discovery, that is speculative investing. Invest in companies with strong fundamentals and adequate cash flow, and those who are benefited in short/mid term with lower PKR.

OGDC in not a oil stock it is an oil discovery company they make money by discovering oil and gas and selling that info to oil companies.

Pkr is about to go up and this means to wait few weeks before starting to import this will help to import goods more cheaply. Plus people who bought dollar to make profit are selling as market predicts fall in price due to artificial depreciation.

 

[BHarwana]

Dollar is going to fall. Selling it is best option for now to save your self from loss.

 

[BHarwana]

https://twitter.com/x/status/1022883226816327680

 

[Imran Khan]

.invest in some good thing buy realestate in islamabad lahore

 

[BHarwana]

.invest in some good thing buy realestate in islamabad lahore

Yep buy stocks it is going to go up hard and fast. Buy property. These are good investments currently.

 

[Yaseen1]

dollar down internationally and not due to rupee revaluation due to slow down of u.s stock profit growth .may be due to china tradewar

 

[BHarwana]

dollar down internationally and not due to rupee revaluation due to slow down of u.s stock profit growth .may be due to china tradewar

In Pakistan it went down 3% which is way more higher than international market.

 

[Yaseen1]

In Pakistan it went down 3% which is way more higher than international market.

it is due to speculation that it will further go down in international market investors start selling in local market due to it fell more.opposite may happen if it will go up internationally.it is a current multiplier effect