Pakistani Rupee climbs to five-month high vs American Dollar!

[Musalman]

Wait till March, when the PKR will again hit the drain.

 

[Code_Geass]

Wait till March, when the PKR will again hit the drain.

any specific reason ? should i buy $$

 

[ejaz007]

Pakistan doesnt make what???...chocolates???... you heard of Ismail Industries?? no?

noonie economy was driven on a consumption based growth based which favored traders mostly importers..... there was NO REAL GROWTH... understand the difference.

Ask your self how many jobs were created in the engineering, service , etc sectors... a 5%+ growth is a high growth rate and no development work was done. The metro train projects was an example of a sham.... no work was actually done to improve the productive capacity of the nation.


the dumbest story sighted policy i have ever studied. Pioneering by Noonies....




to me you are the one with unclear concepts.....

you do understand in a void local production steps up?... it happened in Iran, because of sanctions they made an incredible amount goods domestically... same thing we are doing here, curtail imports to boost local production, now of course there is a time lag between setting new production lines, plants, staff hire etc the effect is a long run correction. this will happen because the market needs to be supplied by one way or another.



PS i work in a PE firm so i know what i am saying.....we have access data, CIOs and have analysis a lay man like you wont be able get to. What you have is just news paper knowledge that too snips of it...

Where did I said chocolates were not manufactured in Pakistan? You need the read my post carefully before responding.

Metro project was completed and provided decent mode of transportation to the people besides jobs to hundreds of people.

Perhaps you were referring to Peshawar metro which indeed is turning out to be sham.

Curtailing imports does not mean local industry shall start manufacturing every thing locally.

There is a term cost of production. If your locally manufactured item is expensive and imported item cheap then buyer shall go for imported item. Not to mention the quality of imported verses local item.

 

[zn426]

The slow growth in exports is mainly due to the structural inefficiencies with the Pakistani economy. That's why it's best if the most painful realignment happens now, because Pakistan will become a much stronger exporter-the cost of fixes will harm the country less than it would if we had to realign when the rupee is strong and there are less opportunities to export inexpensively. This is an ideal time to be in this position, with the US-China trade war Pakistan can take advantage to be a significant exporter. Don't leave it all to Vietnam, Bangladesh, and South Korea.

 

[Musalman]

any specific reason ? should i buy $$

Govt is selling 3 months T Bill's at around 13%. They will be paying back in March.

 

[Code_Geass]

Every economist is only raging about the interest rate but as far i can understand it is just 150 bps higher then inflation so for the interest rate to come down inflation has to come down and expecting interest rate to come down at least 200 bps in next 6 months what will be the next point to objection for all the economist..

 

[ejaz007]

Govt is selling 3 months T Bill's at around 13%. They will be paying back in March.

Another point to remember is that government is showing these T Bills as foreign investment.

 

[PradoTLC]

google yourself about surpluses of countries and their currency rates you will find answer ,I think working in firm not make someone expert and change economic laws,share some data of your firm to provide basis for your argument here,calling other people layman without any evidence represents your ignorance ,i not make showoff of my knowledge and want to remain low profile and down to earth

Translation: I just got owned ... now every body knows i dont even know economics 101..
Whaaaat to do ????...

oh wait my supreme leader for life advises me as follows: now i will go buy a keema naan (out made from fresh donkey meat) and make some tea. I will use my toliet paper degree from Dera Ghazi Khan and use it as fuel to make my tea hot... Yee haa

 

[Code_Geass]

Another point to remember is that government is showing these T Bills as foreign investment.

not as FDI but as investment in portfolios, YES

Govt is selling 3 months T Bill's at around 13%. They will be paying back in March.

there is no reason why some of it wont be invested back, secondly govt took 1.3 Billion to cover if this happens

 

[Musalman]

not as FDI but as investment in portfolios, YES


there is no reason why some of it wont be invested back, secondly govt took 1.3 Billion to cover if this happens

Yes reinvest it at 13%

 

[PradoTLC]

*****Metro project was completed and provided decent mode of transportation to the people besides jobs to hundreds of people.***

RE: and added billions of rupees of loans.... thanks to kick backs like the airport project.

******Perhaps you were referring to Peshawar metro which indeed is turning out to be sham.*****

RE: ok if you say so....

****Curtailing imports does not mean local industry shall start manufacturing every thing locally.***

RE: In the long run yes. Plenty of examples world wide... you should read more... apart from Noonie Digest or comics about Nawaz Sharif being the bat man or Mayrum is being wonder woman



******There is a term cost of production. If your locally manufactured item is expensive and imported item cheap then buyer shall go for imported item. Not to mention the quality of imported verses local item*****


RE: Pakistan's market is large enough to enjoy economies of scale....

Quality of imported goods: may be you should invest in a quality education system , work ethic mentality such attention to detail etc rather than make a stupid train metro projects which seems to be able to transport one set of dummies from point A to B.

 

[Code_Geass]

Yes reinvest it at 13%

yes SBP will interest rate might be cut down .25% by March 2020

 

[Musalman]

yes SBP will interest rate might be cut down .25% by March 2020

bakray ki maa kaab taak khair manai gi

 

[ejaz007]

*****Metro project was completed and provided decent mode of transportation to the people besides jobs to hundreds of people.***

RE: and added billions of rupees of loans.... thanks to kick backs like the airport project.

******Perhaps you were referring to Peshawar metro which indeed is turning out to be sham.*****

RE: ok if you say so....

****Curtailing imports does not mean local industry shall start manufacturing every thing locally.***

RE: In the long run yes. Plenty of examples world wide... you should read more... apart from Noonie Digest or comics about Nawaz Sharif being the bat man or Mayrum is being wonder woman



******There is a term cost of production. If your locally manufactured item is expensive and imported item cheap then buyer shall go for imported item. Not to mention the quality of imported verses local item*****


RE: Pakistan's market is large enough to enjoy economies of scale....

Quality of imported goods: may be you should invest in a quality education system , work ethic mentality such attention to detail etc rather than make a stupid train metro projects which seems to be able to transport one set of dummies from point A to B.

Current government in one year took 7 trillion rupees of loans. At least previous government started some projects which can be seen. What has the current government done.

Now you are going to come back to the same old Potian theory of paying back previous governments loans. If this is to be believed then next coming government shall be cursing PTI government and the cycle shall continue.

You need to quote some examples of the countries which according to you started producing every thing locally. We really like to read the peerni digest if you are allergic to Noonie digest.

What is the long term. Can you elaborate?

Pakistani economy for a lot of items is not large enough to enjoy economy of scale.

 

[PradoTLC]

****Current government in one year took 7 trillion rupees of loans. At least previous government started some projects which can be seen. What has the current government done.***

RE: Yes to pay off loans the noonie genius took for their corrupt projects.

*****Now you are going to come back to the same old Potian theory of paying back previous governments loans.******

RE: theory?.. more like a fact


**** If this is to be believed then next coming government shall be cursing PTI government and the cycle shall continue.****

RE: really ? the next government is PTI.. after the crap you have done you think we will be allow you back?



******You need to quote some examples of the countries which according to you started producing every thing locally. We really like to read the peerni digest if you are allergic to Noonie digest.******

RE: Iran.



*******What is the long term. Can you elaborate?****

RE: any thing higher than your attention span

****Pakistani economy for a lot of items is not large enough to enjoy economy of scale*****

RE: really ?... tell us. A country that cannot have clean water but takes our loans for a silly train project to transport illiterate badly educated clown to meet their pals.....

The important thing to remember, the professionals are now running the economy who are applying technically sound policy ... and not some relative clown who tailor makes policies to suit their in laws business,