Indian Rupee dives a new record low against dollar

[Skull and Bones]

In other words, it can be said that Pakistan Economy has gone dwon about 30% in nominal term due to fall in PKR in last one year.

So Pakistan's GDP in dollar terms is less than 200 billion as we speak?

 

[HariPrasad]

So Pakistan's GDP in dollar terms is less than 200 billion as we speak?

. As per WIKI, Pakistan GDP in PKR is 34396 PKR which is 244 n USD which was 300+ USD last year.

 

[Robinhood Pandey]

No I have not gone quite I am here my dear friend don't worry.

I am reading and enjoying you Indians.

It takes lot of guts to lick your own spit.

Massive respect for Biraadar @BHarwana

@Nilgiri @ranjeet

 

[Darwin]

LOL.... are you kidding me ? Why would they hang on to a depreciating currency that keeps loosing its value every month ? The aid itself can come in chinese currency like their exports.

When pakistan purchases chinese currency it automatically strengthens, that is how currency market operates. When someone sells your currency it weakens. Maybe you need to learn some basic economics before arguing your case.

BTW This is pakistani export to china. So that can explode the myth of china buying anything from pakistan.

And THIS is Chinese export to pakistan,

We are at a impasse.I stand by my assertions.
We require a referee.
Who is the resident economics expert here ? We can involve him.

 

[Skull and Bones]

Who is the resident economics expert here ? We can involve him.

@BHarwana

 

[Darwin]

@BHarwana

Sorry no Axact graduates invited.

 

[Skull and Bones]

Sorry no Axact graduates invited.

 

[Shankranthi]

We are at a impasse.I stand by my assertions.
We require a referee.
Who is the resident economics expert here ? We can involve him.

There is no impasse here. Its basic economics and basic 'demand and supply'.

A currency gets stronger when its purchased more e.g. the whole world is forced to buy USD to purchase Oil.

A currency gets weaker when its sold e.g. pakistani currency by who ever holds it. Any guess to which nation holds it ? I can only think of china.

But you are free to stand any of your assertion or fantasy. That requires no logic. only a disregard for facts and resolve.

 

[Śakra]

Just noticed,for the first time in history, 1 INR > 2 PKR

View attachment 523775

Jokes on you! Now pakistan is hyper competitive exporter.

 

[LASER1]

Just wondering @Śakra what was your Signature? Did you write it as Sindhusagar?

 

[HariPrasad]

Now the title should be changed to Indian rupee rose record high of Rs 5 in a month. Infact, when pkr was some 1.98 before couple of days, I was expecting it to cross 2 in a month time but it happened very fast.

 

[Farhan Bohra]

Jokes on you! Now pakistan is hyper competitive exporter.

How much export going on between India Pak without any trade barriers which make it competitive?

 

[HariPrasad]

Recent changes in pkr and INR hit 2 milestones.

1. Inr>2 pkr
2 Indian economy>10 Pakistan economy.

 

[GHALIB]

We are at a impasse.I stand by my assertions.
We require a referee.
Who is the resident economics expert here ? We can involve him.

Twitter economist @BHarwana is always here, take his services
He is expert in many other fields, rocket science is one of them.

 

[HariPrasad]

Twitter economist @BHarwana is always here, take his services
He is expert in many other fields, rocket science is one of them.

Jale par namak mat chhidko. Aise bhi bechara bahut hi dukhi hai.