Dollar hit to 166.30 inter bank market against PKR. 2.2 rupee devalaution in a just 3 days.

[Desprado]

Dollar hit to 166.30 inter bank market against PKR. 2.2 rupee devaluation in a just 3 days. I told you PTI is worst than PMLN in economy and now CAD of 775 million has become halal and devaluation is also halal now.


I told some kids in this forum that FDI always linked with stable currency and no one will invest in a currency where 2 rupee devaluation in a week is normal for PTI economy team.

On 1st September Moodys will look into devaluation of 4 countries Sri Lanka, Argentina, Pakistan and Myanmar . Because PKR has devalued more than 6% in this FY Year already so there they might give the status of do not invest in PKR as Sri Lanka , Argentina and Myanmar also in the line to get that Status of Default currency.


Reza Baqir is same like Misbha of Pakistan cricket team.


What did PTI achieve?

Managing CAD at the cost devaluing PKR to 200 at the end of FY 2022? Even after that CAD we will have 10 billion dollar .


Only PTI fans believe that our economy is booming ,however, it is otherwise our PSX will be downgraded from EM to FM on Sep 7th and all foreign investor is taking money out due to unstable rupee.



Now PTI has fired FBR chairman and SPAM of Revenue in Yesterday and also FM secretary FM also getting fired is not a positive sign any country in the world expect in Pakistan according to PTI.


I am waiting for Reza Baqir to get fired after 1st September when Moodys give our currency outlook to -CCC and i will see PTI fans spin it in positive way.



Just admit that our currency is defaulted because if currency cannot sustain CAD even 1 million dollar than it is defaulted. PTI is the worst thing ever happened in Pakistan economy. CPEC is paused, no FDI involvement, Ban on UAE on Pakistan, Since 3 years we are on Fatf Grey list (It took PMLN only 1 year to get us on white list when they came to power), Foreign reserve are idle as known as useless, IMF, ADB, AIIB, and WB do not buy PTI excuses except diploma of economy holders of PTI youth on internet and forum.



Argentina also defaulted but there currency is devalued on 4% since this year and PKR has been devalued 9%. At times it was better to get defaulted rather PTI came power and making 1 rupee devaluation a good sign of economy.

I just want to listen Hammad Azhar excuse when Moody gives -CCC ratings on currency investment on 1st September.

 

[RealNapster]

PTI is the worst thing ever happened in Pakistan economy.

 

[PradoTLC]

may that thief nawaz can give Pakistan some billions

 

[Desprado]

View attachment 772842

Yes you need confidence when devaluing a currency to 42% to control CAD of 19 billion dollar, decrease FDI, no export increase, no major investment came, changed 3 FM, 6 FBR Charmian, 2 times suspended IMF program etc. Another lolipop is that to manage of 13 billion CAD this Fiscal year you need to devalue PKR again 40 to 50% and still CAD will be 13 billion dollar. Do you ever seen a country like Pakistan? No because PTI is curse for Pakistan economy.

 

[RealNapster]

Yes you need confidence when devaluing a currency to 42% to control CAD

No body is devaluing the currency. The PKR is left alone so that it holds its own value based on Market to prevent damages to economy caused by currency manipulation.

 

[Imran Khan]

no matter what gov should not pump Forex reserves dollars in local market to cover up .

 

[Desprado]

No body is devaluing the currency. The PKR is left alone so that it holds its own value based on Market to prevent damages to economy caused by currency manipulation.

Bullshit. It is devaluing because 4 major reason.

1) NO FDI or lack inflows.

2) Outflows of investment is leaving fast than pace of inflows due to panic of unstable currency.

3) negative interest rate is worse than PMLN CAD. You never subsidize Petrol prices or Monetary Policy negative.

4) Suspending IMF program, WB, AIIB, and ADB has stopped funding for Pakistan.


850 million dollar vanish from SBP reserve without details of expenditure and why it is not credited in the SBP reserve.

Pakistan Raises $350 Million In Murabahah Financing From UAE Banks

Pakistan’s Finance Ministry has secured US$ 350 million in a Murabahah-centered syndicated investment offering led by Ajman Bank and the

propakistani.pk

UAE Financing usually takes a 1 week to credited in SBP or any bank.

$500 Million ADB Loan to Procure COVID-19 Vaccines for Pakistan

The Asian Development Bank has approved a $500 million loan to help the Government of Pakistan procure and deploy safe and effective COVID-19 vaccines and strengthen the country’s capacity to implement its vaccination program.

www.adb.org

850 million dollar is no where to been in SBP of reserve as Pakistan ABD 500 million dollar loan was 365 million dollar Covid because 135 million dollar was not to be spend on covid due to Pakistan already spend 135 million dollar before approval of ADB loan.

 

[Norwegian]

Dollar hit to 166.30 inter bank market against PKR. 2.2 rupee devaluation in a just 3 days. I told you PTI is worst than PMLN in economy and now CAD of 775 million has become halal and devaluation is also halal now.

Khotay this is market mechanism to discourage imports and avoid current account deficit crisis. Nothing to do with PTI

 

[Norwegian]

Only PTI fans believe that our economy is booming ,however, it is otherwise our PSX will be downgraded from EM to FM on Sep 7th and all foreign investor is taking money out due to unstable rupee.

Rupee is not unstable. It's only following market inflows and outflows.

Just admit that our currency is defaulted because if currency cannot sustain CAD even 1 million dollar than it is defaulted. PTI is the worst thing ever happened in Pakistan economy. CPEC is paused, no FDI involvement, Ban on UAE on Pakistan, Since 3 years we are on Fatf Grey list (It took PMLN only 1 year to get us on white list when they came to power), Foreign reserve are idle as known as useless, IMF, ADB, AIIB, and WB do not buy PTI excuses except diploma of economy holders of PTI youth on internet and forum.

You are trying so hard to stop your inner Patwari from coming out. Who made Pakistan's net reserves from positive into minus territory in less than a year? Was it PTI?

Argentina also defaulted but there currency is devalued on 4% since this year and PKR has been devalued 9%. At times it was better to get defaulted rather PTI came power and making 1 rupee devaluation a good sign of economy.

Any idea what happened to Argentine or Lebanon's currency immediately after complete default? Have you checked their inflation numbers?

 

[Desprado]

Khotay all FDI must be returned in foreign currency with profit. All investment or debt taken by Pakistan in the past had to be returned with interest or profit. Inflows to Pakistan didn't lead to sustainable development. On the contrary Pakistan lost more foreign exchange with investment and debt than it would have been if it didn't invest or taken debt at all.

That's why dollar rate is going up. More imports = more CAD = more expensive dollar. That's how the market based exchange rate works. Something you Patwaris have never experienced before.

Yes, more CAD means more expensive dollar. This way you find a balance between inflows and outflows and avoid continuous CAD crisis View attachment 772851

Khoyta CAD is only booming not because of imports. From March we had 5.4 billion dollar import as regular still on march we ad 163 million CAD. This time even with more remittance, and more export we had 600 million more CAD is due that foreign investor has stopped investing and their is no inflows in secondary market, FDI, SCRA and their is outflows from FDI and secondary market.


3 Reason

1) IMF program suspended

2) PKR assets returns is in -

3) Lack of progress in CPEC as even Chinese investment was less than ever since 2010.



It means IMF condition will be more strict for the sixth review because IMF condition is that CAD should be manageable from inflows but not devaluing currency. So will see interest rate hike to 15% if we do not manage it before IMF program starts.

 

[Norwegian]

Yes you need confidence when devaluing a currency to 42% to control CAD of 19 billion dollar, decrease FDI, no export increase, no major investment came, changed 3 FM, 6 FBR Charmian, 2 times suspended IMF program etc. Another lolipop is that to manage of 13 billion CAD this Fiscal year you need to devalue PKR again 40 to 50% and still CAD will be 13 billion dollar. Do you ever seen a country like Pakistan? No because PTI is curse for Pakistan economy.

You are obsessed with Darnomics. What did Pakistan achieve by having an artificial stable currency during your favorite Ishaq Dollar?

 

[Desprado]

Rupee is not unstable. It's only following market inflows and outflows.

You are trying so hard to stop your inner Patwari from coming out. Who made Pakistan's net reserves from positive into minus territory in less than a year? Was it PTI?View attachment 772852

Any idea what happened to Argentine or Lebanon's currency immediately after complete default? Have you checked their inflation numbers?

You are obsessed with Darnomics. What did Pakistan achieve by having a stable currency during your favorite Ishaq Dollar?
View attachment 772853View attachment 772854

So you think daily 1 rupee devaluation is good for Pakistan economy? Nowhere in the world where currency devalues to 9% is called economic recovery and it is called inflation not recovery.

People will get more obsessed with Dollar when they know that investing in PKR is meaningless when you it is predictable that when you wakeup currency is 166 and end of the day it will be 167, than other day start it is 167.20 and end of the same day will be 168, next day start it is 168.20 and ending the same day with 169 so on.

Even local will not invest in business related to PKR so how will a foreign invest in PKR?

 

[muhammadhafeezmalik]

You are obsessed with Darnomics. What did Pakistan achieve by having an artificial stable currency during your favorite Ishaq Dollar?
View attachment 772853View attachment 772854

Come out these outdated and resource-less graphics.

 

[Norwegian]

You can screenshot that when ever PTI leaves government Pakistan economy will be in a much bigger disaster than PMLN left because both had focused on import let growth.

Tell me when PTI does 20 billion CAD

Come out these outdated and resource-less graphics.

Here is a resource for you

 

[muhammadhafeezmalik]

Tell me when PTI does 20 billion CAD View attachment 772856

Here is a resource for youView attachment 772857

Can you share here standard chartered link??