You are telling him not to be technical yet you are predicting the stock market yourself. The Dollar was in free fall and due to some timely decisions it has been steadied, For a long time the Dollar was revolving around PKR=60, as the economy progresses, no reason why it wouldn't settle down around same figure.
@ topic, some five years earlier, apartments in Centaurus reportedly sold for around PRs. 15 Crore, so the price of just PRs. 2 Crore doesn't seems right for the subject developments.
When I said technical, do focus on the graphs I provided. Just coz I said something against Pakistan doesnt mean I am biased. I aint too optimistic bout Indian currency too. Ideally Indian currency shud be around 50 depending on ur American Dollor stability statements coz before sublime crisis Indian currency was hightest at 40 and average at 45. But still I am talking bout INR being 55.
See, there is something called volitality of currency and its dependent on many branch factors like Balance of Trade, ie. Export-Import, FDI, Investment, etc.
Its all bout how much standard money, ie. Dollors is coming into a country. Currently due to poor governance by Congress, all investments are stalled. But it doesnt mean theose investments wont come when investors find it conducive. Afterall such a huge nation has lot of scope.
On the other side, Pakistan wont be able to attract investors until and unless it removes its tag of terrorism. If all is good and peaceful, business ought to come. Pakistan or India is no exclusive.
Now coming to ur current PKR value, U say its result of normalization of Dollors. But ask any knowledgable person, no normalization takes place abnormally. The words shud give u a hint..
Pakistan is sitting on so much Loan. Frm, ADB, WB, USA, EU.
Temme, how will u repay them with interest and Principal?
If u understand, such loans are normalised by rise in ur currency value. No matter how high debt u take if u can repay them by earning profits out of ur economy u are safe.
U temme, do u find any specific aspect which will pay ur sudden increase in Loans that too in Billions.
What is ur source of Exports? What is the diff between Imports and Exports.
With growing economy, standard of life rises and ur imports naturally increase. What are ur Exports which will cancel this rise in Imports to normalise ur Trade Balance.
I say, One way is Foreign Investment. FDI.
Which sector wud Pakistan attract investment into?
Some basis step by step questions. If u or ur policy makers have a good answer. Do share.
in India we have a habit of questioning the policies and plans of our govt. U can see that if u follow our media properly.
Do Pakistanis ask ur govt about their plans and Map of Execution?
Trust me. Wait till the next loan deadline comes. That wud be the tym then currency goes for a change. If u pay up current + past debt, ur currency strengthens. If u have a huge FDI in ur chest, Currency strengthens. Otherwise currency is adjusted to cover the payments.
