Rupee falls to Rs189.5 against dollar in inter-bank

[Surya 1]

When pkr was 160 against 1 USD, people were saying that it will be 200 agsins 1 USD by 2024. However it seems to be happening very fast.

 

[Ssan]

But IK cult is much worse and more fascistic then any other political cult active rn in history of Pakistan besides probably Bhutto - but he was a socialist and they attract that kinda crowd

IK’s cult includes millions of people from all provinces and most of them are educated and middle class. Another words, this is a stupid label to slap on a movement. This isn’t some Feudals pretending to be socialists or corrupt money launderers pretending to be industrialists. Whose support is limited to certain segments of the population their policies support. It’s a middle class movement- might have flaws but it’s no cult.

Bro, you know little about economy. Please do not write something unless you know a bit about it. Each one of the things that you write are wrong / misrepresented / or misinterpreted. I do not want to type a lecture here, so I will not write more. Just trust me that you are not right in saying such things.

What, exactly, qualifies you to speak about the economy? I doubt that you are formally educated in economics.

 

[PradoTLC]

The Pakistani currency recorded a sharp drop of Rs3.39 on Thursday and plunged to an all-time low of Rs189.51 against the US dollar in intra-day trading in the inter-bank market owing to political turmoil in the country.

The domestic currency had closed at Rs186.13 against the greenback on Wednesday.

Sources said that rupee dropped beyond Rs190 in the open market because only a nominal amount of the foreign currency is available for buying by individuals.

Experts said that uncertain domestic political situation was mounting pressure on the rupee.

Besides, the central bank also refrained from intervening in the market to rescue the sinking rupee. The country's foreign exchange reserves have depleted rapidly over the past six to seven weeks to a two year low of $12 billion.

Analysts stated that pressure mounted on rupee after the International Monetary Fund (IMF) once again placed its $6 billion bailout programme on hold.

Besides, Pakistan’s trade deficit shot up 70% to $35.5 billion in the first nine months of current fiscal year 2022 which added to the depreciation.

Rupee falls to Rs189.5 against dollar in inter-bank | The Express Tribune

Crosses Rs190 mark in open market in intra-day trading

tribune.com.pk

A depreciation of RS 3.39 in a single day

Establishment can continue with being "neutral"

Where the f*ck is state bank of Pakistan?

Dude You haven’t seen any thing yet..

the fully imported gov promised us cheap petrol, food, electricity gas and essentials before khan’s conspired eviction.

Even though they never could explain how the rest the world with far more capable gov , bureaucracy and resources are struggling at best to contain the global supply shortage plus high oil prices thanks to Ukraine war ..but speed sharif plus his 37 cabinet members loaded with whose who of who corrupt and incompetent clowns some how can best the rest of the planet. Perhaps people who eat donkey naan can understand this logic…


Now for all those cartoons who supported this imported gov for the next 12 months enjoy

- high oil prices at the pump as Russia cheap oil deal is scrapped thanks to imported gov marching instructions from USA
- all basic food items price hikes sugar and chicken mafia need to recover their bribes paid out
- energy prices ( thanks to your idiot thermal projects that use fossil fuel to power plants )

Reap what you sow…

For us over seas Pakistani , you want to repeal our right to vote? … go ahead.

Just remember without our us Pakistan would have collapsed.

Before any of you donkey biryani munching clowns give any dumb comments go see how much money we overseas Pakistanis remit v IMF money which your douche bag new FM scrambled to USA begging IMF for more bail outs…

 

[PradoTLC]

What, exactly, qualifies you to speak about the economy? I doubt that you are formally educated in economics

Relax …you need to be tolerant

He just had his keema … the donkey stimulates certain cells ..perhaps he now sees things only a donkey can see?

Check this donkey program

 

[PakFactor]

Well if we know this for certain, then we can put our money on this and become rich
What are the chances that Pakistan can negotiate some deferred payment for oil with Gulf? Saudi people are friendly with China these days, so mutual alignment of interests can entice them to not pressure Pakistan. They have also been historically close with Nawaz. $2 or $3 billion is not a big deal for Saudi, but can help Pakistan bring the reserves up again. This will help deal with external pressures on the currency.

It's a Band-Aid solution with Saudi or Chinese funds to prop up the currency the façade can last only so long.
You could put moneys and become rich if there is a double bottom pattern, but personally I do not see it happening as more pressure is going to be applied from external factors.

 

[Wood]

It's a Band-Aid solution with Saudi or Chinese funds to prop up the currency the façade can last only so long.
You could put moneys and become rich if there is a double bottom pattern, but personally I do not see it happening as more pressure is going to be applied from external factors.

I think Pakistan's macro economics will become stable by the the Reko Diq revenue starts rolling in. I remember reading here that it will give a few billion dollars revenue every year.

More optimal solution will be for Pakistan's industries to scale enough to cover the investment made through borrowed loans. This idea is obvious and has been discussed to death here. But surprisingly, I've not seen many people talk about Pakistan signing FTAs with developed countries here. That will increase the prospect of Chinese companies opening more manufacturing plants in Pakistan to take advantage of these trade deals.

 

[PakFactor]

I think Pakistan's macro economics will become stable by the the Reko Diq revenue starts rolling in. I remember reading here that it will give a few billion dollars revenue every year.

More optimal solution will be for Pakistan's industries to scale enough to cover the investment made through borrowed loans. This idea is obvious and has been discussed to death here. But surprisingly, I've not seen many people talk about Pakistan signing FTAs with developed countries here. That will increase the prospect of Chinese companies opening more manufacturing plants in Pakistan to take advantage of these trade deals.

1) The Reko Diq will fail long term and the country will fail to take benefit of the increased revenue, revenue is being split federal and province wise and that's a recipe for disaster before this thing even picks up. There is absolutely no check and balance in place. The other half the foreign entity will take back to Canada without much issue.

2) Regarding FTA here is the thing about it, you produce something worth while others need and honestly, Pakistan doesn't provide shit the world needs, those manufacturing plants are basically assembly plants China installing them is just for local consumption and nothing more its a token gesture.

3) The loaned money is just being cycled and the projects they did spend money on are non-performing assets "dead horses" the country has to burden and operate.

The whole country is on a ventilator -- the whole IK fiasco does more damage than good.

 

[sohail.ishaque]

Zero leadership; Zero vision; and a gargantuan ego will bankrupt a country.

But no Insafi will own this mess as something wrought by IK & his fascist mind-set. For them he is never wrong; its always someone else's fault; and the country & people are not worthy of him.

Pakistan will suffer more & more because of this megalomaniac that was thrust into power despite his known flaws. If you supported him & live in Pakistan then you deserve what has & would continue to come your way. If you are an expat Insafi, then I do not care for your opinion.

If only people did their actual jobs, we would not be in this mess....

u got ur head stuck in ur azz.

 

[Wood]

1) The Reko Diq will fail long term and the country will fail to take benefit of the increased revenue, revenue is being split federal and province wise and that's a recipe for disaster before this thing even picks up. There is absolutely no check and balance in place. The other half the foreign entity will take back to Canada without much issue.

2) Regarding FTA here is the thing about it, you produce something worth while others need and honestly, Pakistan doesn't provide shit the world needs, those manufacturing plants are basically assembly plants China installing them is just for local consumption and nothing more its a token gesture.

3) The loaned money is just being cycled and the projects they did spend money on are non-performing assets "dead horses" the country has to burden and operate.

The whole country is on a ventilator -- the whole IK fiasco does more damage than good.

I'm a fan of federal system for multi ethnic countries. So in my view, the revenue sharing model will bring the country together in shared interests. Otherwise, regional politicians will accuse the federal government of taking the regional wealth. In that perspective, the Reko Diq deal seems fair.

The FTA idea is meant to revive the 'dead assets' and make them profitable. It will give the Chinese industry a unique advantage to build manufacturing plants in Pakistan aimed at global export. The idea itself is not original. Mexico has 40+ FTAs and this is one important reason that American car manufacturers keep car production there. Cars meant for North America have to be manufactured in all 3 countries as per NAFTA, but those meant for global export are mostly made in Mexico. Pakistan and China could possibly have such a relationship in future. Is Pakistan part of RCEP?

 

[PakFactor]

I'm a fan of federal system for multi ethnic countries. So in my view, the revenue sharing model will bring the country together in shared interests. Otherwise, regional politicians will accuse the federal government of taking the regional wealth. In that perspective, the Reko Diq deal seems fair.

The FTA idea is meant to revive the 'dead assets' and make them profitable. It will give the Chinese industry a unique advantage to build manufacturing plants in Pakistan aimed at global export. The idea itself is not original. Mexico has 40+ FTAs and this is one important reason that American car manufacturers keep car production there. Cars meant for North America have to be manufactured in all 3 countries as per NAFTA, but those meant for global export are mostly made in Mexico. Pakistan and China could possibly have such a relationship in future. Is Pakistan part of RCEP?

Your thought process is good and I completely agree of the benefits being there. But let me give you a glimpse of what Pakistani caliber is on the international stage and why I say things will fail and continue to fail in this country despite international tools being available to uplift dead assets... after watching you will agree nothing beyond on this needs to be said.

 

[Wood]

Your thought process is good and I completely agree of the benefits being there. But let me give you a glimpse of what Pakistani caliber is on the international stage and why I say things will fail and continue to fail in this country despite international tools being available to uplift dead assets... after watching you will agree nothing beyond on this needs to be said.

Maybe he is good at this subject

https://twitter.com/x/status/1517431453520384000

 

[PakFactor]

Maybe he is good at this subject

https://twitter.com/x/status/1517431453520384000

Oh God, Lol.

 

[War Thunder]

Zero leadership; Zero vision; and a gargantuan ego will bankrupt a country.

But no Insafi will own this mess as something wrought by IK & his fascist mind-set. For them he is never wrong; its always someone else's fault; and the country & people are not worthy of him.

Pakistan will suffer more & more because of this megalomaniac that was thrust into power despite his known flaws. If you supported him & live in Pakistan then you deserve what has & would continue to come your way. If you are an expat Insafi, then I do not care for your opinion.

If only people did their actual jobs, we would not be in this mess....

Bro with all respect.
You lack an open and neutral perspective to even know what you are talking about. You are biased if not full of hate, and that shows in what you write repeatedly on the forum, and it clouds your intellect if you actually do have some of it.
It takes intellect and a neutral perspective to be able to see the positives in even the worst of people. Without that ability, all we have is stupidity.

 

[Jango]

No floor crossing actually happened. No PTI MNA actually voted for SS. It was a mind-game which got PTI's heckles up. In the end PML-Q (Ch. Shujaat's factions) cast the decisive votes. IK can not manage factions. His arrogance created so many problems already. Just chalk the VoNC to him & not Floor Crossing.

It is on record that Zardari made the MQM meet each dissenting PTI MNA who testified that they will cross floors if needed. It wasn't a mind game, they had those members in their pockets if needed. MQM only switched after meeting with these MNA's, even pro-N journalists admit to the fact. PDM played it smart by not having to use them and risk disqualification, but they were switched. Raja Riaz is on record saying that he has been promised a ticket.

Moreover, MPA's in PA switched and voted for Hamza Shehbaz, or will you deny that.

As for the arrogance part, to a certain extent that is true. But the root of the problem lies with the inquiries against JKT and Aleem Khan. Aik taraf kehte ho keh apnon kay khilaf kyun nhn action lay raha, har roz aik nayi press conference..aur jab action lo apnon kay khilaf then this is how they blackmail you.

Some Insafis do criticize PTI & IK. But based on my experience, IK runs the party as a dictatorship & there is no future for any critical voice within the party. Just look at Justice (R) Wajihuddin, for example. Also, being critical of small issues assures yourself that you have a balanced approach. But the party fails in larger issues - Constitutionalism, press freedom, reaction to criticism, civ-mil balance, strategy of disruptive politics, ATMS, etc... That is where the party lost many many people. If you talk about these issues, you will have to leave the party. There is no tolerance. There are other concerns too - broken promises, U-turns, etc... This is how Fauzia Kasuri got ejected from party despite her many sacrifices. Now party workers know which lines not to cross.

PTI is a much lesser dictatorship than PML. I myself am privy to how Nawaz Sharif selected the previous CDA chairman, and also a few other discussions, and jab Mian sahab aik baat keh dain to woh wahi ban jati hai.

On the contrary, there are many dissenting voices within PTI on a great many issues. Fawad Chaudhary, Faisal Vawda, Hammaz Azhar, Shireen Mazari, they have time and again taken a stance against what IK took and been very vocal about it even in the media. N league main aik choon karo bahir to aglay din peshi ajati hai.

As for the rest, constitutionalism, press freedom, reaction to criticism (a few N league members just tweeted today), civ-mil balance (do I need to repeat the past 20 years?), if we take N league as a barometer, PTI is still miles ahead. Not perfect by any means, but definitely the better option. Just as an example, take the statement by Ata Tarar a few days back.

Fawad Ch nay do din pehle hi kaha keh fauj kay sath achi rakhni chahiay thi, don't see him being booted out.

There are times when the PML-N leadership is almost apologetic.

Jab deal nikalni ho to sab apologetic ho jatay hain. Muzahmat kay bad mufahmat, the hard hitting speeches in Gujranwala to 'no comments', and much more.

In a nutshell, PTI may not be the most perfect of them all, but they are by far the better option. Idhr sab ko ayen aur jamhuriat aur idealistic concepts ki pari hai jab aik banda poora mulk hi kha jaye aur banday mar jaye? The political elite and the uber-constitutionalists of this country make me puke honestly. Paisay aur lalach day kar banday khareed lo, phir us kay bad farewell dinner par bula lo to aik jamhuri riwayat hai yeh. What nonsense is this?

And you my dear sir, by labeling PTI supporters as 'cultists', 'thugs' and what not, are not any better than the ones who you try to criticize, and quite frankly, are being ignorant about the reasons that a crore plus people support PTI. So please, do not try and paint yourself as the righteous one above the petty politics and bickering and cult-following, is hamam main sab hi nangay hain.

I can list down from our own founding fathers to Nelson Mandela to Martin Luther King Jr. using street protests. I guess all of them are fascists.

It's just become the new political buzzword in Pakistan, fascist.

They do tend to recycle every couple of years.

 

[ziaulislam]

Even when I was (what I considered) a die-hard fan of IK & PTI, I kept an eye open. When I saw unwarranted statements, criticisms, & political expediency, I excused it but kept a mental note of it. Therefore when I clearly saw that IK's lust was causing damage to the country, I dropped him. It was not easy - a dream does not die quickly or without pain.

I suggest all partisans to allow their leaders to be humans, not idols. They can & do make mistakes. Laud their good steps & criticize (or at least note) their mistakes.

A view of structural & systemic issues is more important than personality worship.

You may remember my posts from before mid-2014 & how full of hope I was for PTI & IK. If I were a blind cultist, I would not have been able to reorient myself. I suggest that others try to keep an objective mind. There is only so much damage that a person should be allowed to inflict before one gives up.

I am glad you find your leader nawaz sharif
Stay with him
My biggest regret is why did IK got the govt in 2018. My hope was he will not win. And this qoam will get the rightful chatrool once rupee hits 250 or country gets banktupt it deserves but he got it and got enough money begging

The point is the flawed line of argument. The whole cultist, populist line of argument can be fit on any movement to discredit it.


He is not presenting himself as messiah but just another leader. What he is claiming is not different then any other political leader of the world.

There is no call to violence. Only a political movement. Same as many leaders used when needed.

I can list down from our own founding fathers to Nelson Mandela to Martin Luther King Jr. using street protests. I guess all of them are fascists.

Again before you accuse me of trying to portray IK as equal to the founding father. The purpose is only to show the flaw in the argument.

Just the latest in the long line of labels from Yahoodi agent to the latest of being Hitler incarnate.

Sorry doesn’t fly anymore but for people stuck in confirmation bias and echo chambers. Each time they would vouch the latest label to be true.


Some random guy versus being done by the very top leadership in conjunction with our beloved Hussain Haqqani to spread fake nude pictures of Benazir. Very fascist.


Does fit the bill here though:

https://twitter.com/x/status/1510940117938151428

They were fascits at their time
Nelson mendala was still bannd at newyork and a terroist till early 2000s