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Mubarak ho Pakistanio!

epebble

SENIOR MEMBER
Sep 21, 2022
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Weaker Rupee means

1) Increased Foreign Investments
2) Increased Remittances
3) Increased Exports
4) Increased Stock Market returns
1. Weakening is good. Collapsing is not. Why invest today if you can wait for 6 months and get 300 or wait for a year and get 350 or 400 .... Also, foreign investors can't repatriate their profits since there is no foreign currency available.
2 & 3, Yes
4. Doubtful since most businesses that depend on imported inputs are closing down. If this continues, they will be out of business as they can't spend on fixed costs like rent/lease indefinitely.

Economic collapse/depression is not good for anybody. Just see Lebanon, Somalia, Ethiopia, Sudan, Haiti etc. Or even Afghanistan next door.,
 

Smoke

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Oct 4, 2016
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Weaker Rupee means

1) Increased Foreign Investments
2) Increased Remittances
3) Increased Exports
4) Increased Stock Market returns

Not really, we are an import based economy, it makes no difference since input costs will increase as well.

The big difference is when you are selling to the UK or Europe, if GBP or Euro gain more strength against the USD, only then do we rake in the extra $$$
 

Abdul Rehman Majeed

SENIOR MEMBER
Dec 25, 2019
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Canada
1. Weakening is good. Collapsing is not. Why invest today if you can wait for 6 months and get 300 or wait for a year and get 350 or 400 .... Also, foreign investors can't repatriate their profits since there is no foreign currency available.
2 & 3, Yes
4. Doubtful since most businesses that depend on imported inputs are closing down. If this continues, they will be out of business as they can't spend on fixed costs like rent/lease indefinitely.

Economic collapse/depression is not good for anybody. Just see Lebanon, Somalia, Ethiopia, Sudan, Haiti etc. Or even Afghanistan next door.,

1 and 4 are related. When foreign companies see how cheap the currency / labor is , developed nations like US, EU, China will come and invest in Pakistan to make products which will be exported.
 

epebble

SENIOR MEMBER
Sep 21, 2022
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1 and 4 are related. When foreign companies see how cheap the currency / labor is , developed nations like US, EU, China will come and invest in Pakistan to make products which will be exported.
Yes, for that they need stability. What you are seeing now is instability. Why is nobody setting up factories in Haiti, Somalia, Sudan, Ethiopia? Currency/labor is very cheap there.
 

Smoke

FULL MEMBER
Oct 4, 2016
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Yes, for that they need stability. What you are seeing now is instability. Why is nobody setting up factories in Haiti, Somalia, Sudan, Ethiopia? Currency/labor is very cheap there.

Ethopia is doing very well in regards to clothing exports, even Alpinestars motorcycle clothing is produced there.

The rest, other than Haiti, no one wants to risk losing this asses to an AK47
 

terry5

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Oct 16, 2014
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When has rupee in it's history gone back to prior exchange rate?

I’m not clued up on rupee history sorry , however I’ve purchased pound Sterling with US dollar to turn a profit , next year maybe as pound always bounces back .
it was at its weakest historically couple of months back .

Was thinking same with rupee but seems it’s not the case and is screwed

Wasn’t it something like 170 to the £ a couple of years back ? And has almost doubled or halved even .

Are property prices the same as previously in rupees ?
 

-=virus=-

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Sep 18, 2012
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India
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Yes, for that they need stability. What you are seeing now is instability. Why is nobody setting up factories in Haiti, Somalia, Sudan, Ethiopia? Currency/labor is very cheap there.
unskilled ones but

dancing around naked around a fire does not a high tech hub make 😁
 

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