How much more will PKR appreciate?

[Nadeem Ganjum]

It will hit 130 PKR to 1 USD

i want 1 PKR to 1 USD or better 1 PKR to 10 USD.

As a young boy when I left Pak, it was at $1=PKR9.90

good old days
Very soon Pti haters will have nothing to complain about once ik takes care of inflation and high dollar-pkr exchange rate. PK on the right track.

 

[Fawadqasim1]

my wish is
1PKR = 10USD

that ship has sailed sir

 

[Ghessan]

As a young boy when I left Pak, it was at $1=PKR9.90

are you talking about 1975-77 time period?

 

[ali_raza]

As a young boy when I left Pak, it was at $1=PKR9.90

r we talking 1932

 

[Mav3rick]

my wish is
1PKR = 10USD

You want to destroy the USD????

 

[LahoreSay]

It will hit 130 PKR to 1 USD

InshaAllah.

my wish is
1PKR = 10USD

May I add one more cipher please...

 

[Mav3rick]

Rupee was devalued way above the estimates or required .Now currently market is sentiment driven which is bullish for Rupee .Like many signs but few milestones will deter the rupee value in coming weeks .

US elections and Dollar appreciation
SBP double figures on commercial banks dollars
Current Account deficit
Remittances

Actually, rupee has appreciated largely due to the respite we have from making loan repayments based on the Paris accord, the moment these loan repayments resume, rupee will start to depreciate. Other causes are remittances through official channels because of Government measures on FATF, COVID (higher costs of international travel and related matters) and clamping down on money mules etc.

 

[Imran Khan]

You want to destroy the USD????

mera dollar meri marzi

 

[FuturePAF]

For psychological reasons it would be very helpful if the exchange rate should be under 70/$1. If Pakistan is perceived to have a similar or better exchange rate than India it may go a long way in attracting FDI.

 

[Mav3rick]

For psychological reasons it would be very helpful if the exchange rate should be under 70/$1. If Pakistan is perceived to have a similar or better exchange rate than India it may go a long way in attracting FDI.

Political stability is needed more than anything else for FDI; foreign investors are vary of regimes which are inherently unstable politically and so the first choice is always a politically stable environment; after that comes financial stability......if the FDI is made at a certain conversion rate and returns are gained at comparatively bad conversion rate the net profit externally in USD may not be meaningful for the investor and hence pointless for the investor to consider such a situation. There are many other reasons too ranging from security to geopolitics and internal consumption/export potential etc.

 

[FuturePAF]

Political stability is needed more than anything else for FDI; foreign investors are vary of regimes which are inherently unstable politically and so the first choice is always a politically stable environment; after that comes financial stability......if the FDI is made at a certain conversion rate and returns are gained at comparatively bad conversion rate the net profit externally in USD may not be meaningful for the investor and hence pointless for the investor to consider such a situation. There are many other reasons too ranging from security to geopolitics and internal consumption/export potential etc.

There is a lot of room for improvement. I just hopes these reforms can be made and as a byproduct of which the exchange rate shifts in the favor of average Pakistanis.

Less than 3 years to go for this government. I hope they work with all receptive countries around the world to boost exports as we continue to reform ourselves.

 

[Marker]

You want to destroy the USD????

No, PKR can be appreciated wrt world currencies, if we strengthen our economy by eliminating corruption in our economic system and promoting fair and competitive market economy where businesses flourish without any red tape and government unjust favoritism.

 

[Mav3rick]

No, PKR can be appreciated wrt world currencies, if we strengthen our economy by eliminating corruption in our economic system and promoting fair and competitive market economy where businesses flourish without any red tape and government unjust favoritism.

What you propose is quite literally not possible in our country unless a revolution occurs, and that too a religious revolution where the state and people turn to religion with honesty and dedication.

Basically the whole nation is corrupt, extremely corrupt, right down to the core. Everyone cheats whenever he/she gets the chance be it the King, the subjects or the Kingmaker.

 

[Patriot forever]

For psychological reasons it would be very helpful if the exchange rate should be under 70/$1. If Pakistan is perceived to have a similar or better exchange rate than India it may go a long way in attracting FDI.

Actually it's the opposite if you want investors to move manufacturing to Pakistan. Their production cost will be significantly higher, we will self negate the benefit of cheap labour, the only major advantage we have.
Overvalued currency only helps importers and companies who want to sell their products in Pakistan. It destroys your local industries.

 

[Marker]

What you propose is quite literally not possible in our country unless a revolution occurs, and that too a religious revolution where the state and people turn to religion with honesty and dedication.

Basically the whole nation is corrupt, extremely corrupt, right down to the core. Everyone cheats whenever he/she gets the chance be it the King, the subjects or the Kingmaker.

Yes you are right. The whole nation needs to change. Otherwise these wishes will remain as wishes, never to come true.