Prometheus
SENIOR MEMBER
- Joined
- Mar 24, 2010
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atlest bring a panda..........................they already wiped out at snow age time now these are paper made for remember there old pet
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atlest bring a panda..........................they already wiped out at snow age time now these are paper made for remember there old pet
Now wait for Riaz to come up with a blog on how low PKR value will result in a mega boom in Pakistan's export industry
^^^^ you deserved two thank yous for that response lol
then give him on next post sir
the rupee has seen most of this de-valuation from 2008 till today --under the current government
when Gen. (r) Musharraf resigned, i THINK it was stable at around rs 58-60 / US$
now it's finally hit rs 90. . .
the currency valuation thing is tiny part of the story.....what really matters in Pakistan's case is its foreign exchange reserves position --which right now is fairly stable. We have enough forex to cover any major economic price shocks for the next few months
we were REALLY in crisis in mid 2008, when we were nearing total meltdown....the reserves was in a precarious situation --we only had enough forex to cover barely 2.5 months worth of imports (fuel being the main thing)....food prices and inflation was hitting the roof, as were shortages (including artificial shortages by a few greedy, criminal producers)
the status-quo is FAR from desirable; but people dont worry about ''sudden impending collapse'' or ''dooms day'' for Pakistan economy....and most certainly any talk of ''Pakistan will suffer if aid is cut off'' kind of crap need to check their facts and quit being petty victims of media perception-management.
in fact, cutoff in all aid is a good thing and any self-respecting Pakistani should demand accountability and should demand that other citizens pay their taxes.....that corruption is exposed and punished. that is what the country needs.......dont waste time worrying about rupee valuation because as is the case with commodities -- the currency valuation is based on supply/demand vis a vis the currency markets and it rests on other stuff like favourable current account balance (increase in exports of goods, serviices)
well, in the end let's hope that we elect capable officials and implement the right policies (domestic and external) that would drive economic growth in our beloved motherland
But sirji Pakistani rupee is on the verge of hitting a century vs US$ and you're giving us bharti's the repeat lecture on how Pakistan has had worse time and has always been strong, etc ,etc. The question is, where does this downfall stop and why does Pakistan like to enjoy increasing and boasting about the difficulty level?
Do not worry about INR, it has been pretty stable except for the recent months only. There's a lot less uncertainty in India than Pakistan. I hope that the flow of fake Indian currency reduces as Pakistani mints will be more busy printing Pakistani currency.
Bad news for Pakistanis wanting to travel abroad.
But sirji Pakistani rupee is on the verge of hitting a century vs US$ and you're giving us bharti's the repeat lecture on how Pakistan has had worse time and has always been strong, etc ,etc. The question is, where does this downfall stop and why does Pakistan like to enjoy increasing and boasting about the difficulty level?
Do not worry about INR, it has been pretty stable except for the recent months only. There's a lot less uncertainty in India than Pakistan. I hope that the flow of fake Indian currency reduces as Pakistani mints will be more busy printing Pakistani currency.
I think that Abus comments are somewhat wasted on you read again and see if they register. If I was you I would worry about Indian economy you have more people who need looking after I cant even say the word here without getting an infraction