OMG Dollar selling at the rate of Rs.120 in open market

[RealNapster]

Dollar is going more down.

But it should not. Even if its value decreases to Rs.110. SBP should still keep it at 120.

 

[Maarkhoor]

It's Called The Imran Effect

It is Chinese effect who lend Pakistan billion USD.

 

[Sugarcane]

But it should not. Even if its value decreases to Rs.110. SBP should still keep it at 120.

IK should also learn the art of keeping currency weak from China + increase the exports.

 

[ARMalik]

Here told this in advance.

https://defence.pk/pdf/threads/advice-for-dollar-and-foreign-currency-buyers.569904/

Well you told everyone in advance a couple of days ago - not sure why people here have to open another thread on this. What people don't realize is that previously the dollar rate was going up because something was cooking at the behest of internal and external adversaries. They were not expecting IK to be the largest party, and that their goons in PML-N to return to power and continue with the dirty work. It has backfired.

 

[Hrk19]

It's Called The Imran Effect

i hope imran keeps getting re elected so that i could see the day a dollar sells for 20Rs.

 

[xyxmt]

This is due to that billion dollars which China just transfered to SBP.

SBP does not sell Dollar in open market, if anything they buy from open market

 

[graphican]

New rate is 118, as reported by GEO!

 

[Riz]

My friends I gave this info one week ago to sell dollars but people don't listen.

Don't import any thing dollar will further go down wait out this month to import cheap and sell your dollars.

From where u taken this Pic bro?

Currency companies now stoped buying, rate of us$ is now 115 but they not actually buying in this rate.. It means dollar will be keep falling for few days more

 

[graphican]

i hope imran keeps getting re elected so that i could see the day a dollar sells for 20Rs.

Why not heavier than USD ? 1 Pak Rupee should equal 2 USD!

 

[newb3e]

this is all based on sentiments wait and dollar will hit 128 again in a week or two

 

[Syed1.]

Why not heavier than USD ? 1 Pak Rupee should equal 2 USD!

US will come to Pak for loan

 

[Khamlun News Reporter]

Nope that billion is not in market yet or it is not at SBP disposal yet and such big fall cannot happen with just one billion dollar

Not really.
Dollar value changes based on confirmed short term inflows.
So it is that one billion dollar which was responsible for this temporary rise.

You are very poor in economics.

 

[graphican]

US will come to Pak for loan

That time is predicted by sufiyaa. May be it is not for money but as foretold "Pakistan ki han aor na may duniya kay faisly hon gay", (Pakistan's decisions will direct the world).

 

[HariPrasad]

This is a good news.

 

[Khamlun News Reporter]

Now worlds greatest news agency Reuters confirms it is because of reports of 1 billion loan:

https://twitter.com/x/status/1023860210983739392

Financing analysts say these gain is only short term:

But the rupee’s advance might be short-lived, given Pakistan’s economic problems, analysts said.

“Short-term flows aside, it is difficult to see the (rupee) sustaining its pullback for long,” Intermarket Securities said in a note.