Dollar hits historical high at Rs157 intraday in interbank market

[Wa Muhammada]

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

Ok....This nonsense has to stop! This govt is a flipping train wreck....ok we understand that the last govt were thieves but at least stabilise the economy...you can’t just keep shouting and blaming Nawaz & co. like a bunch of infants and do F all abt the economy. From the moment they came they have been hesitant and making U-turns in regards to policies - just imagine what that does to investor confidence!

These lot might be honest but they are totally incompetent!

Four more years of this govt will be fun to watch.

Not really...for those of us living here, it’s going to be painful

Its trading at 153.45 buying and 153.95 selling at inter bank today. What the hell is dawn smoking Bharti??

I went to exchange £’s last 2 days and the currency exchange companies would only offer me 190.50 whereas interbank was 193 - what’s going on? Is it because of the market instability?

 

[Śakra]

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/

>Prime Minister Imran Khan has urged the member states of Shanghai Cooperation Organization (SCO) to finalise arrangements for trade in local currencies and set up SCO Fund and SCO Development Bank to catalyse the trans-regional development agenda.

So he wants an organization built to fight terrorism to set up a bank? Why doesn’t he go to World court and ask them to set up a development bank too? Why not go to the International Association of Jugglers and ask them to set up a bank too? This guy is way over his head...

It is very simple: as long as Pakistan consumes more than it produces, its currency will continue to shrink in value.

We consume much more than we import yet we don’t have this issue

 

[Reichsmarschall]

All hail the Donkey Raja

 

[IceCold]

All hail the Donkey Raja

No! All hail to the khota sher who inflated rupee value artificially.

 

[Reichsmarschall]

No! All hail to the khota sher who inflated rupee value artificially.

why do qom e youth always assume only critics of immy niazi are patwaris? No offence intended btw,
its just an honest question

 

[IceCold]

why do qom e youth always assume only critics of immy niazi are patwaris? No offence intended btw,
its just an honest question

Did i mentioned patwari anywhere? or is it the guilty conscience that made you find words that weren't there to begin with?

 

[Reichsmarschall]

Did i mentioned patwari anywhere? or is it the guilty conscience that made you find words that weren't there to begin with?

you mentioned Nawas sharif implying i am his supporter which is not correct

 

[TheSeeker]

N

before things get better they have to hit rock bottom first.
That is all that is happening right now.

India went through the same in the early 90s.

Yeah.Nothing to worry about.Agar raste sahi ho to manjil ek din mil hi jaati hai.I hope IK will do his best.

 

[Jf Thunder]

 

[IceCold]

you mentioned Nawas sharif implying i am his supporter which is not correct

Mentioning Nawaz Sharif does not mean labeling someone as a patwari rather stating a fact which you are not accustomed too. Any economist who understands the ABC of economics will tell you that this did not happen under IK 9 months rule but rather its the affects of the past decade specially last 5 years where dollar was 1st borrowed through loans and IMFs and than thrown into the market to keep rupee artificially inflated, resulting in increased imports and decreased exports which in return not only increased your import bills but also increased loans to an exponential level. This is just one example yet when someone makes such a sweeping statement about the current government like you did conveniently ignoring the past deeds of the past government, it does not take a genius to figure out where your political affiliations stand. Otherwise a simple overview of the past economic policies of N league government can tell a lot only if someone wants to see.

 

[H!TchHiker]

Ok....This nonsense has to stop! This govt is a flipping train wreck....ok we understand that the last govt were thieves but at least stabilise the economy...you can’t just keep shouting and blaming Nawaz & co. like a bunch of infants and do F all abt the economy. From the moment they came they have been hesitant and making U-turns in regards to policies - just imagine what that does to investor confidence!

T

Government has right to implement its agenda for 5 years..Its upto them and federal minister believes that people we pay 200 for petrol because they know IK is honest..So lets wait to complete there term..Its there right and majority of people supporting them...we should accept it..Nawaz was corrupt everything was artificially maintained...

 

[litman]

the only difference between this government and the previous ones is that previous governments were corrupt and crooked and this government is less corrupt and incompetent. i dont call them honest, the peshawar metro project speaks volumes about the corruption and incompetency of the pti. a project which they started as an election stunt without any planning.
and all those who are saying that people will keep on supporting an honest fool are day dreamers. mist of the pti supporters wannted real change and not just empty slogans and so far pti is only making life of a pakistani even miserable .i wish there would be a better leader and a political party in pak but right now we are caught between the corrupt and the incompetent.

 

[Abdussamad]

So he wants an organization built to fight terrorism to set up a bank? Why doesn’t he go to World court and ask them to set up a development bank too? Why not go to the International Association of Jugglers and ask them to set up a bank too? This guy is way over his head...

According to the wiki economics is a part of their agenda: https://en.wikipedia.org/wiki/Shanghai_Cooperation_Organisation

We consume much more than we import yet we don’t have this issue

I think you mean export. You make up the difference with remittances and FDI. Pakistan being a pariah state doesn't get much FDI and as for remittances the west could cut those off as well if they really wanted to.

 

[litman]

https://www.dawn.com/news/1488354/bad-math-big-blunders
i gnereally dont like this author but over here he is spot on. pak is going to be next venezuela in next one year. IK is clueless about how to get the country out of the economic disaster. overall IK's one year he gets 2 out of 10. failed badly.

 

[INDIAISM]

But if they are able to stabilize the PKR by improving the economy, it will be a huge achievement, without a doubt.

Will be much more difficult then you think especialy looking at the Global Scenario...Global Economy is going through a mess that everybody knows but nobody is ready to acknowledge..