dollar hitting 188, bloodbath at stock market crash

[PradoTLC]

@PradoTLC

this started during Bhutto's time.. her husband wanted his 10%

That's true, but in that era oil prices were really low and GOP wanted to kickstart capacity addition. To an extent it was justified. Plus 1990s saw too much political instability and no PM could have been expected to start thermal or hydro generation as they are long gestation projections. But by Mushy's time, there was political stability and also availability of foreign capital to undertake generation projects.

err..

hydro was always the correct way some thing IK gov started on multiple dam projects.

oil no matter how cheap cost FX reserves to deplete

These people did it for scamming reasons and nothing else,

 

[Olympus81]

Pakistan’s situation is still not precarious as it’s made out to be.

Showbaz’s government is stalling on important decisions. If it goes for another 2-3 months, there will be a point of no return.

Government/Establishment buckled to US pressure (means no discounted oil/wheat from Russia). The IMF loan never came, nor did aids from UAE/Saudi, so now take a bitter pill and increase oil prices.

 

[AZ1]

https://twitter.com/x/status/1524995026404749312

https://twitter.com/x/status/1524992506299023362

https://twitter.com/x/status/1524991603399598084

 

[AZ1]

https://twitter.com/x/status/1525005987542966272

 

[MisterSyed]

You must be kidding me

 

[jupiter2007]

I have heard that both Bajwa and Nawaz Sharif want election in next 3 months but Zardari want to wait until October next year.

Bajwa want to force IK to except Showbaz government but IK refused to pickup his calls. Also in coming days Nisar Ali Khan is going to take Bajwa’s message to IK.
Next 7 days are critical for imported government.

 

[lastofthepatriots]

I have heard that both Bajwa and Nawaz Sharif want election in next 3 months but Zardari want to wait until October next year.

Bajwa want force IK to except Showbaz government but IK refused to pickup his calls. Also in coming days Nisar Ali Khan is going to take Bajwa’s message to IK.
Next 7 days are critical for imported government.

Beggars can’t be choosers but unfortunately for Bajwa, IK is not a beggar.

 

[maithil]

Overseas Pakistanis send record remittances in April. Imran Khan’s removal from office has no impact. Contrary to expectations, they sent more dollars than ever.

https://twitter.com/x/status/1525017413464608774

 

[AZ1]

Overseas Pakistanis send record remittances in April. Imran Khan’s removal from office has no impact. Contrary to expectations, they sent more dollars than ever.

https://twitter.com/x/status/1525017413464608774

that's because of the Eid. Will see in may.

there will also another surge in remittance in bari eid which is after 2 month.

 

[fatman17]

Today open market rate 194

 

[Olympus81]

PSX doesn’t have any bearing.

The Rs rate against the dollar trend however is very disturbing.

 

[Two banks of the River]

https://twitter.com/x/status/1525021386108022784

Only the Rupee devaluation is a tricky thing. But I still believe, ultimately interest rates will need to be increased.

 

[Black Tornado]

https://twitter.com/x/status/1525021386108022784

At this rate even 2% growth is an achievement

Also how to check real time /up to date PSX market capitalisation?

 

[ghazi52]

,.,.

 

[Wood]

They’re still almost the same, the tweet clearly says (excluding gold). Those $10 bn includes gold.

They are ready to quickly blame Sharif and say that he stole the money and ran away to London

that's because of the Eid. Will see in may.

there will also another surge in remittance in bari eid which is after 2 month.

... so what does that show? It means that most remittances are likely family transfers