Pakistan's rupee has staged a smart recovery against the US dollar

[Hareeb]

Government is going to revive IMF program, so Rupee will again depreciate to reach PKR 165+ per dollar.

 

[Norwegian]

Government is going to revive IMF program, so Rupee will again depreciate to reach PKR 165+ per dollar.

No as IMF demands market rate. Pakistan already has market rate now

 

[Hareeb]

No as IMF demands market rate. Pakistan already has market rate nowView attachment 726045

Oh! So you seriously think IMF doesn't demand currency depreciation? LOL.

 

[ziaulislam]

I dont think it will drop below 150

I think 150 was real value and it will stay there

As long we have +5 real gdp growth and improvement in health and education we should be good

Usa has a very high gdp but average life of expentency is lower than some european countries

Ignoring health and education is very stupid

Lastly our bigger problem is lack of documentation of services

We dont count 30-40% of our economy and we dont tax that economy either..

IK is trying but now courts are blcking tack and trace..there is alot of work that needs to be done

For financial independence we need to work on export subsitution(electornics+food+import tax for cheez) and new exports markets(africa)

Oh! So you seriously think IMF doesn't demand currency depreciation? LOL.

No it depends ....CAD need to be within 1-2%

What was CAD in 2018 and what is it now..?
Once u tell me then we can talk
God almighty has given u a brain use it

 

[Norwegian]

Oh! So you seriously think IMF doesn't demand currency depreciation? LOL.

Nope. Only market exchange rate

 

[Hareeb]

As long we have +5 real gdp growth and improvement in health and education we should be good

Usa has a very high gdp but average life of expentency is lower than some european countries

Ignoring health and education is very stupid

Lastly our bigger problem is lack of documentation of services

We dont count 30-40% of our economy and we dont tax that economy either..

IK is trying but now courts are blcking tack and trace..there is alot of work that needs to be done

For financial independence we need to work on export subsitution(electornics+food+import tax for cheez) and new exports markets(africa)

No it demands CAD to be within 1-2%

What was CAD in 2018 and what is it now..
Once u tell me then we can talk
God almighty has given u a brain use it

Beside balance of payments, there are other factors too those cause exchange rate to fluctuate. Current account deficit/surplus is only one of those factors.
My MBA thesis was about effects of one of those factors wrt Pakistan.

Nope. Only market exchange rate

Nope. They force you to depreciate your currency so your exports become competitive in international markets.

 

[Norwegian]

Beside balance of payments, there are other factors too those cause exchange rate to fluctuate. Current account deficit/surplus is only one of those factors.
My MBA thesis was about effects of one of those factors wrt Pakistan.


Nope. They force you to depreciate your currency so your exports become competitive in international markets.

https://twitter.com/x/status/1372921216676298755

 

[Crimson Blue]

Nope. They force you to depreciate your currency so your exports become competitive in international markets.

Hmm .. interesting. Can you link to any IMF bailout program for any country where increasing exports was one of the main goals?

I always though goal of IMF bailout is to provide financial instrument liquidity and help with balance of payments when client government is in a budgetary shortfall.


..... and I am sure you know that depreciating currency cause increase in the cost of raw materials for the export industry and increase labor costs for the industry due to inflationary effect.

 

[SuvarnaTeja]

Pakistani rupee enjoying smart recovery as economy up

Pakistan's rupee has staged a smart recovery against the US dollar on positive economic indicators, and experts believe it will continue its upward trend d..

www.khaleejtimes.com

Pakistan's rupee has staged a smart recovery against the US dollar on positive economic indicators, and experts believe it will continue its upward trend despite some challenges ahead.



Analysts and market experts said the currency will be a major beneficiary of higher GDP growth, rising foreign exchange reserves and consistent remittances inflows of over $2 billion during the first eight months of the current 2020-21 financial year.

The rupee has so far appreciated 1.7 per cent against the dollar this year and closed at 157.12 on the interbank market on Friday. Against the UAE dirham, it ended slightly up at 42.77 against 43.6 on January 8, reflecting an appreciation of 1.9 per cent.

“The Pakistani rupee has returned to stability chiefly due to higher remittances, debt relief on account of Covid-19 payment relief plan and economic rebound in the country,” experts said.

Latest central bank data indicates that Pakistan’s economy is expected to post 2.5 per cent GDP growth in the current fiscal year ending June 2021 after contracting 0.4 per cent last year as the government’s policy measures start yielding positive results.









Analysts and market experts said the currency will be a major beneficiary of higher GDP growth, rising foreign exchange reserves and consistent remittances inflows of over $2 billion during the first eight months of the current 2020-21 financial year.

The rupee has so far appreciated 1.7 per cent against the dollar this year and closed at 157.12 on the interbank market on Friday. Against the UAE dirham, it ended slightly up at 42.77 against 43.6 on January 8, reflecting an appreciation of 1.9 per cent.

“The Pakistani rupee has returned to stability chiefly due to higher remittances, debt relief on account of Covid-19 payment relief plan and economic rebound in the country,” experts said.

Latest central bank data indicates that Pakistan’s economy is expected to post 2.5 per cent GDP growth in the current fiscal year ending June 2021 after contracting 0.4 per cent last year as the government’s policy measures start yielding positive results.

PMIK deserves credit for handling Pakistan's economy much better than Modi's handling of Indian economy.

 

[Norwegian]

PMIK deserves credit for handling Pakistan's economy much better than Modi's handling of Indian economy.

Bughaz Imran knows no bounds

 

[ziaulislam]

Beside balance of payments, there are other factors too those cause exchange rate to fluctuate. Current account deficit/surplus is only one of those factors.
My MBA thesis was about effects of one of those factors wrt Pakistan.


Nope. They force you to depreciate your currency so your exports become competitive in international markets.

no there arent any other factors

balance of payment (apart from debt payment or zardari style money laundering)is the only factor..
the other factors effects balance of payments , they are not factors by them selves
Nope. They force you to depreciate your currency so your exports become competitive in international markets

what kind stupid logic is that? seriously do some reading

 

[Hareeb]

https://twitter.com/x/status/1372921216676298755

I hope its true. I really do. But these estimates never come true wrt Pakistan. For example: IMF predicted decline in GDP to -1.5% but Pak did at bit good and stuck at -0.4%. See, when they make an economic model to predict growths or decline on basis of historical data (most of the times), they take different variables and a change in any variable causes these estimates to get wrong.

Hmm .. interesting. Can you link to any IMF bailout program for any country where increasing exports was one of the main goals?

I always though goal of IMF bailout is to provide financial instrument liquidity and help with balance of payments when client government is in a budgetary shortfall.


..... and I am sure you know that depreciating currency cause increase in the cost of raw materials for the export industry and increase labor costs for the industry due to inflationary effect.

Depreciating currency could help in increasing exports, but this is not the case with respect to Pakistan. Dr. Ashfaq Hassan Khan (and if I remember correctly, he is from NUST) has written a lot of articles about how depreciating currency did not help Pakistan in increasing exports. Well, in addition to what you wrote, another goal is to increase government revenues else by increasing taxes, raising prices of commodities, ending subsidies and increasing tax net.

and I am sure you know that depreciating currency cause increase in the cost of raw materials for the export industry and increase labor costs for the industry due to inflationary effect

Only happens if you are importing raw material for export industry. And for labor, labor costs are fixed costs. Inflation would hit employees more rather than the firm. And if inflation rises, technically it would be good for the economy because investors would opt to invest the money in businesses rather than saving them in banks earning interest.

no there arent any other factors

balance of payment (apart from debt payment or zardari style money laundering)is the only factor..
the other factors effects balance of payments , they are not factors by them selves
Nope. They force you to depreciate your currency so your exports become competitive in international markets

what kind stupid logic is that? seriously do some reading

interest rates? inflation? economic output? Debt?

 

[FuturePAF]

PMIK deserves credit for handling Pakistan's economy much better than Modi's handling of Indian economy.

something you may enjoy. As Modi’s ideology grows the economy falls, and this was all pre-pandemic.

https://twitter.com/x/status/1371753999070859265

 

[Hareeb]

what kind stupid logic is that? seriously do some reading

SIr, depreciation of currency could help your exports to become competitive in international markets.

 

[PakistaniAtBahrain]

PKR now appreciated to PKR 155.20 per USD today.

on google its PKR 155.15 per USD right now.