Dollar hits historical high at Rs157 intraday in interbank market

[KhanBaba2]

PM Imran Khans to SCO say No to Dollar
https://profit.pakistantoday.com.pk/2019/06/14/pm-imran-says-no-to-dollar-at-sco/

Your problem is not lack of dollar. It is lack of export. If you replace dollar with yuan, where will you get the yuan from.

 

[Abdussamad]

If this carries on we can export rupee notes as toilet paper!

 

[Yaseen1]

Stop lying. Government cannot control price of dollar when there are no dollars left in treasury by former government:

Difficult to stabilize rupee at the moment: Abdul Hafeez Sheikh
PAKISTAN 2019-06-14
Difficult to stabilize rupee at the moment: Abdul Hafeez Sheikh
Karachi: Advisor to the Prime Minister on Finance, Dr. Abdul Hafeez Sheikh, said on Friday that currently it is difficult to stabilize the rupee.
While addressing a seminar in Karachi, Dr. Sheikh said that the Pakistan Tehreek-e-Insaf led federal government inherited a weak economy with total debts now reaching $97 billion.

He reiterated that the government is trying to stabilize the economy with its recent steps and strengthen it with its policies.

Talking about the dollar, Dr. Sheikh said that cuyrrently we are importing almost everything, thus it has become difficult to stabilize the rupee.
Commenting on the budget 2019-20, Dr. Sheikh said that the government was making all possible efforts to raise Rs.5500 in revenue collections

Why i trust this finance minister when he zardari did corruption at the time he was a finance minister.This minister has no integrity left ,why he not resigned when zardari was doing corruption.He is imf puppet and current devaluation is not totally because of past govt but also due to bad policies of current govt.why govt is claiming before budget that rupee will not devalue further and will become stable at 143rs per dollar .Their such claims shows that this devaluation is artificially made and govt is deliberately creating economy worst as excuse to raise taxes

 

[ejaz007]

It's a spike due to post eid importer buying
It will settle down insha allah

Optimism of highest level.

Stop lying. Government cannot control price of dollar when there are no dollars left in treasury by former government:

Difficult to stabilize rupee at the moment: Abdul Hafeez Sheikh
PAKISTAN 2019-06-14
Difficult to stabilize rupee at the moment: Abdul Hafeez Sheikh
Karachi: Advisor to the Prime Minister on Finance, Dr. Abdul Hafeez Sheikh, said on Friday that currently it is difficult to stabilize the rupee.
While addressing a seminar in Karachi, Dr. Sheikh said that the Pakistan Tehreek-e-Insaf led federal government inherited a weak economy with total debts now reaching $97 billion.

He reiterated that the government is trying to stabilize the economy with its recent steps and strengthen it with its policies.

Talking about the dollar, Dr. Sheikh said that cuyrrently we are importing almost everything, thus it has become difficult to stabilize the rupee.
Commenting on the budget 2019-20, Dr. Sheikh said that the government was making all possible efforts to raise Rs.5500 in revenue collections

Then why have you appointed finance minister of the former government.

 

[VCheng]

No problem even if touches 200..People will pay for honest government..

People always pay for government, honest or not.

 

[VCheng]

Worst situation of Pak economy.

Things will get better. Aap ney ghabrana nahi hey.

If this carries on we can export rupee notes as toilet paper!

Sorry. Even that will not work. Currency as toilet paper is for the dead USD.

 

[JohnWick]

Things will get better. Aap ney ghabrana nahi hey.

I am Hoping against the hope ....

 

[mastaan]

Do they have some loans coming up that they are risking default? This only happens when a default is imminent or money is escaping the country (which the central bank can and should control) and there is a run on the currency as a result of supply-demand misbalance

 

[VCheng]

I am Hoping against the hope ....

Hope is good. Results are better.

 

[xyxmt]

plug the ilegal flow to USD from Pakistan and it will be fine and so far govt has not addressed it.

 

[JohnWick]

Hope is good. Results are better.

Yeah "Results are Better"

 

[Baburfromsarmarkand]

People always pay for government, honest or not.

If you can't beat em join em. Bring a govt employee is not too shabby. Lots of perks.

 

[VCheng]

Yeah "Results are Better"

We still need to wait for the remainder of PMIK's term in office to see what results he is able to actually deliver.

 

[JohnWick]

We still need to wait for the remainder of PMIK's term in office to see what results he is able to actually deliver.

Its been almost a year now ....

 

[VCheng]

If you can't beat em join em. Bring a govt employee is not too shabby. Lots of perks.

That is why many seek cushy government jobs.