dollar at 2 years low - 96 rupee = 1$

[karan.1970]

I was expecting it to decrease to 95 probably in june.But now i am sure by june it will indeed fall to below 92 or somewhere close to 90.

are we really heading toward 80/1$ next year?

USDPKR=X98.03

PTA refutes Reuters report about finance minister’s disappointment over bidding process.

Overwhelming response from existing telcos for all offered spectrum licences: PTA chief – The Express Tribune

The finance ministry said in February that Pakistan would sell both the 3G and the more advanced 4G LTE spectrum. Selling just 3G licences could raise $2 billion, and bundling them with 4G spectrum could generate between $4 billion and $5 billion, finance minister Ishaq Dar had estimated.

A government-commissioned study by Plum Consulting estimates the 3G spectrum auction would raise Pakistan's gross domestic product by $8 billion and indirectly create up to 900,000 new jobs.

PTA dispels reports of dismal response to 3G, 4G auction - DAWN.COM

Pakistan raises $1.1 billion from first 3G, 4G auction

 

[farhan_9909]

USDPKR=X98.03



Pakistan raises $1.1 billion from first 3G, 4G auction

The ministry itself is keeping it at around 98 till mid of june-July so that Export is not affected.

KARACHI: The US dollar took a u-turn on Friday, depreciated the local currency and destabilised the exchange rate that had been in favour of rupee for the last three months.

Finance Minster Ishaq Dar’s statement that the dollar would be kept around Rs98 to support the export industry created panic-like situation in the inter-bank market.

Dar’s statement helps dollar gain 1pc - DAWN.COM

4-5Billion dollars out of 3g/4g auction indeed was a fake dream.This was the reason the govt had set a target of 1.2Billion dollars in the Budget from the begining.

1.1Billion dollars already earned,a 4g license remaining is to be sold to be sold and their are chances of Warid participation again in 3g.

Overall as indicated yesterday by the official,The total expected out of the auctions are 1.6Billion dollars

 

[Al Bhatti]

I watched on News today the rupee to dollars rate in different rulers' era even if we hate zia the rupee to dollar was still $1=10.84/- and it was even during the 71 war and at the end rupee was stable and remained constant value from Gen Ayub era to Gen Yahya but went up in the era of bhutto lutto and when zia took over by till his death it went up as much as 14/- and than the ultimate death of rupee started by these two political musical chair parties.

Well coined term

 

[karan.1970]

The ministry itself is keeping it at around 98 till mid of june-July so that Export is not affected.

$ is now close to 102 PKR. What are the further predictions ?

Overall as indicated yesterday by the official,The total expected out of the auctions are 1.6Billion dollars

$1.2bn earned from 3G, 4G auction deposited in exchequer: minister - Pakistan - DAWN.COM

 

[Dodo Bobo]

Azadi march is the reason for this, it can raise even further if something is not done to stop maniac like Imran Khan.

 

[farhan_9909]

$ is now close to 102 PKR. What are the further predictions ?

It will be down as the political problem in Islamabad End

101.10 is the latest exchange rate

$1.2bn earned from 3G, 4G auction deposited in exchequer: minister - Pakistan - DAWN.COM

[/QUOTE]

Include the Warid license next month and it will end up as 1.55Billion dollars