Mubarakaan Dollar 289 pkr ka Ho Gaya - {Thanks to all Ganjas}

[Path-Finder]

does doing a 'paad' count as a celebration?

 

[SaadH]

They wonder why mothers are risking their lives by trying to reach differerent shores. They wonder why no one trusts them and is unwilling to lend them money. They wonder why the majority of people distrusts them and points fingers at them. Deceitful and lying scumbags is what PDM stands for. Not one once of integrity nor honesty. From head to toe pure evil.

Bhai meray PDM is not the problem, their handlers of the sepoy company are the problem.

 

[Two banks of the River]

Good Good, should hit 500/USD when you have people like this in command this is what awaits you.

It's like Nero (the policy makers ) are playing flute while Rome is burning.

 

[indushek]

Well according to the rumor mill and those who are considered in the know the top brass has been told by the retired cadre to get ship in order and start taking some rectification steps. Wajahat Khan even mentioned Kayani by name, that he was one of those who talked to the COAS. Don't have any personal knowledge of this though, let's see what transpires.

But on the flip side, that is why the nationalistic sentiment is being grown. All newspapers printed the same story a couple days back, that foreign capitals are working against us in order to get our missiles.

They very much will be working against us, but that does not mean that the current mess is of our own making.

It is high time the people in power, take correction steps. Can turn dangerous for them, when people come out on road in anger. Then there will be no distinction between good and bad, everyone will be cut down. Hope it doesn't come to that.

Also do you think IK can turn around things? He will be facing a huge uphill task, if he comes back.

 

[FuturePAF]

It is high time the people in power, take correction steps. Can turn dangerous for them, when people come out on road in anger. Then there will be no distinction between good and bad, everyone will be cut down. Hope it doesn't come to that.

Also do you think IK can turn around things? He will be facing a huge uphill task, if he comes back.

This is what I hope he is doing with the time before the elections. Organizing the right team to lay out a plan, to be implemented the moment they are back in power, which will stabilize the economy, impose austerity but protect the poorest of the masses, and fix the structural problems, so that investors will come in naturally to make money in a market of over 230 million people.

If he can show subsidies for the elite are being redirected towards social services, debt repayments, and export earning investments, then many people will have renewed confidence that Pakistan is on the pathway that India was after 1991 or China after 1978. Investors will want to get in before prices soar to maximize future profits.

 

[salarsikander]

we need to be pegged by the dollar again.

LOL, when were we ever pegged with Dollar ?

 

[indushek]

This is what I hope he is doing with the time before the elections. Organizing the right team to lay out a plan, to be implemented the moment they are back in power, which will stabilize the economy, impose austerity but protect the poorest of the masses, and fix the structural problems, so that investors will come in naturally to make money in a market of over 230 million people.

Good for him, if he is doing that. Currently he is too encircled with political issues.

I however think that, with Austerity measures in place, poor masses can't be protected.
Obviously he will have to cut the subsidies, which will only put more economic burden on the common man.

It kind of makes me feel sad you know, whatever country it is, it's always the poor and middle class who pay the price.

 

[FuturePAF]

we need to be pegged by the dollar again.

Hasn’t Dar “Pegged” the country enough?

Good for him, if he is doing that. Currently he is too encircled with political issues.

I however think that, with Austerity measures in place, poor masses can't be protected.
Obviously he will have to cut the subsidies, which will only put more economic burden on the common man.

It kind of makes me feel sad you know, whatever country it is, it's always the poor and middle class who pay the price.

Agreed, the poor and middle classes always pay for the follies of the rich.

IK is being distracted by political issues to be allowed to properly prepare for the economic issues that country will need resolved.

But ultimately it’s the team he appoints that have to solve the problem, he will have to be the one to sell it to the masses.

IF IK returns to power, he can do some diplomacy with international agricultural companies in the west and China to speed up the modernization of the agricultural sector, and divert some of the money intent for subsidies to this task, doing a ToT on some of the technology, so local companies can build the machines to speed up industrialization . He could ask Pakistanis to loan money (instead of just giving charity, like the dam fund) to a special micro finance bank, which that lend out money to small farmers to implement these new technologies in an Islamic way; shared loan; shared risk; bank makes money if the crop yields increase only.

If the bank works, other banks could be potentially convinced to lend to this micro financing bank, depending on the increase in the crop yield. Considering how behind Pakistani agriculture is, the yield improvements should be significant.

There is a lot of original research that need financing to implement ASAP.

Closing Pakistan's Yield Gaps Through Nutrient Recycling

Achieving food security will require closing yield gaps in many regions, including Pakistan. Although fertilizer subsidies have facilitated increased nitrogen (N) application rates, many staple crop yields have yet to reach their maximum potential. Considering that current animal manure and...

www.frontiersin.org

 

[Tamerlane]

The rupee was pegged to the dollar until the early eighties. I remember the time around 1978-9 when it was Rs 9.90 per US$.

Here’s an article in NY Times from June 19, 1970

CHITTAGONG, Pakistan, June 19 (AP) — In a confidential report, a high‐level economic committee has recommended that Pakistan devalue her ru pee. It also has suggested the country defy pressure from the International Monetary Fund and continue to give bonus rates of exchanges to encour age exporters.
The report of the Planning Commission's panel of self‐re liance indicates Pakistan soon may make a major change in its currency policy. It says the “rupee is overvalued in terms of foreign exchange.”
The panel, including the dep uty governor of the State Bank and the chief economists of East and West Pakistan, pre pared its report in connection with a five‐year plan, which starts in July. The rupee has been pegged officially since 1955 at 4.76 to the dollar. In open markets in Hong Kong and in neighboring Afghanis tan, it trades at about 10.50 to the dollar.
Under a bonus‐voucher sys tem, an exporter may ex change hard currency earnings at a special, increased rate of as many as 8.30 rupees. Ordi nary exchange transactions, such as those by a tourist changing money, follow the of ficial 4.76 rate.

PAKISTANIS URGED TO DEVALUE RUPEE (Published 1970)

Planning Comm confidential rept for 5-yr plan calls for major change in currency policy; recommends rupee be devalued; calls for country to defy pressure from IMF and IBRD and continue to give bonus rates of exchanges to encourage exporters; recommends bonus be broadened; IBRD reptdly supports...

www.nytimes.com

 

[Jango]

Also do you think IK can turn around things? He will be facing a huge uphill task, if he comes back.

No one can turn around things unless everyone decides to stop fckng around with the economy for their own political benefit.

You cannot get well from a fever or flu without taking that god awful brufen syrup.

Sure, criticize some policy decisions or general directions, but jab internationally the price of barrel is going up, you have to increase fuel prices.

 

[Olympus81]

H

No one can turn around things unless everyone decides to stop fckng around with the economy for their own political benefit.

You cannot get well from a fever or flu without taking that god awful brufen syrup.

Sure, criticize some policy decisions or general directions, but jab internationally the price of barrel is going up, you have to increase fuel prices.

Hence it will be good for all the politicians to peg the local oil prices on spot oil prices. The GST, duties, marketing fee can be adjusted but the base oil spot price should not be messed with.

Every sane country does this. High time oil prices are depoliticised.

 

[Jango]

Every sane country does this. High time oil prices are depoliticised.

High time the economy is depoliticized.

Sure, you can never truly decouple economics and politics, but you can at least prevent blatant beghairti in economic matters.

 

[Goritoes]

Congrats everyone

 

[migflug]

No one can turn around things unless everyone decides to stop fckng around with the economy for their own political benefit.

You cannot get well from a fever or flu without taking that god awful brufen syrup.

Sure, criticize some policy decisions or general directions, but jab internationally the price of barrel is going up, you have to increase fuel prices.

Just sub-continental things, coupling politics with economics is a bad idea. We too had the same problem of announcing subsidies just before elections, and because of this we were not able to develop infrastructure(as per the needs) for such a long time. Its much better to invest in infra or education/healthcare than provide subsidies on unnecessary things. While they are good in their own way, the ROI on them is quite poor.

 

[Imran Khan]

again dowllar go down 12 pkr kaya mazak hai yaar