Dollar reaches new high, soars past Rs210 in interbank trade

[Norwegian]

The US dollar continued to extend gains on Wednesday as it reached yet another record high of more than Rs206 amid increasing demand for the international currency and a dearth of inflows while talks with the International Monetary Fund (IMF) on the resumption of a $6 billion loan programme remain inconclusive.

The increase in the value of the dollar compared to the rupee is now almost a daily occurrence.

Dollar breaches Rs206 mark as IMF loan facility remains stalled

Analysts link rupee's decline to rise in international crude oil prices, expect improvement if Pakistan taken off FATF grey list.

www.dawn.com

Don't you dare criticize the neutrals for this fck up!

@Wood @maithil @ziaulislam @farok84 @Ssan @VCheng @Patriot forever @ziaulislam @Dual Wielder @RescueRanger @Indus Pakistan @AZ1 @Path-Finder @koolio @Verve @Zibago

 

[SEOminati]

Sooar k bache abhi bhi IK ko moorid e ilzaam thehra Rahe hain.

 

[koolio]

DG ISPR interview yesterday was full of lies, who is he trying to fool, according to neutrals Pakistan is doing OK, these neutrals need to be kicked out now otherwise they will drown the whole nation to default.

The dollar will keep rising, nobody is prepared to bail out Pakistan with these crooks in charge.

 

[maithil]

Rupee will gain once Chinese 2.5 Billion and same amount fron Qatar also comes in. That will however prop up the currency for short term. Maybe that's the plan .

Political instability in result of removing Imran Khan will have long lasting impact. The facade of democratic government is gone forever. Boys have completely taken over.

 

[Olympus81]

Why o why would ISPR do a press conference at this time when the mood of public is to bash everything related to the generals.

Looks like the oversized ISPR are having a brain freeze.

 

[ziaulislam]

The US dollar continued to extend gains on Wednesday as it reached yet another record high of more than Rs206 amid increasing demand for the international currency and a dearth of inflows while talks with the International Monetary Fund (IMF) on the resumption of a $6 billion loan programme remain inconclusive.

The increase in the value of the dollar compared to the rupee is now almost a daily occurrence.

Dollar breaches Rs206 mark as IMF loan facility remains stalled

Analysts link rupee's decline to rise in international crude oil prices, expect improvement if Pakistan taken off FATF grey list.

www.dawn.com

Don't you dare criticize the neutrals for this fck up!
View attachment 854068

@Wood @maithil @ziaulislam @farok84 @Ssan @VCheng @Patriot forever @ziaulislam @Dual Wielder @RescueRanger @Indus Pakistan @AZ1 @Path-Finder @koolio @Verve @Zibago

I am so happpy

Use to send 2000$ now i just need to send 1500$ for my family

Keep the good work maryum nawaz i love you

 

[AZ1]

its 208 not 206

 

[maithil]

Why o why would ISPR do a press conference at this time when the mood of public is to bash everything related to the generals.

Looks like the oversized ISPR are having a brain freeze.

Maybe trying to control narrative. But that's never going to happen. They will find their own family going against establishment narrative.

 

[FuturePAF]

Considering the US FED is about to raise interest rates today (and probably more times before the end of the year), even if the IMF approves the loan, borrowing in general is about to get more expensive worldwide. $6 Billion is only a fraction of the expect $23 billion is expected to need to borrow this fiscal year to stay afloat.

 

[Olympus81]

As I’ve said time and again, a sustained negative sentiment of the establishment will cause them pain.

This is the only viable option and with time we’ll see them losing control.

 

[Crimson Blue]

Wait till September 2022. This is just the beginning.
If fiscal data trend coming out from May/June 2022 continues, then everyone in Pakistan should brace for an impact.

 

[KediKesenFare3]

Does it support your exports?

 

[Areesh]

Chalo lunstitution to mehfooz hai na. Khair hai

 

[ziaulislam]

Signs of great leader

Chalo lunstitution to mehfooz hai na. Khair hai

Abhi tu party shoru huwei hey

 

[SD 10]

Yo DG ISpr where you at? hiding in a cave now? We would like another economy lesson from you leeches!!!!!