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

[Bilal.]

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

Exactly, same tactic of labeling a legitimate struggle to discredit and suppress it.

 

[Zibago]

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....

Oye Lahori ab dollar 187 ka hy aur petrol 200 ka honey wala hy while Miftah negotiates a deal with IMF that is even tougher than the one PTI negotiated and to top it all off PDM is buying the most expensive LNG in history for Pakistan

I am going to enjoy this let the mirage of pmln competence be buried once and for all

 

[Chak Bamu]

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.

Appreciate your concern. Its not quite possible to stay neutral in all the political mayhem, particularly as expressed at PDF.

I had warned the PDF management in the past that it was necessary to clamp down on extreme political opinions & now when the s*** hit the fan, we have what we have here.

Notice that Punjab, where I live, has no government? Who should I blame for this? Its just one question out of many many more that I have. In this charged environment it is not possible to stay neutral & intellectual any more. Ever since August 2014, IK has been a net negative & that is why I mince no words when I feel that I should call him & his supporters out.

Maybe he is good at this subject

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

He has a PhD from Wharton in Public Finance. He knows how to mix politics with finance - exactly what Public finance is about.

 

[PradoTLC]

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.

correct exploitation of Pakistan untapped natural resources is the way going foward. With extraction industries fiscal strength funding for police, eduction , health and infrustructure can be financed.

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.

arguing with a noonie is like arguing with lamp post...

 

[VCheng]

I had warned the PDF management in the past that it was necessary to clamp down on extreme political opinions & now when the s*** hit the fan, we have what we have here.

A drug dealer must never get addicted to the products that they sell. Doing so is a seminal mistake that never ends well.

 

[zn426]

I've read this entire thread. I've got several comments.

1. No man is perfect. IK is not perfect, but he was an honest trier. I don't agree with many of his decisions, and frankly thought he should have laid off the vast majority of the Pakistani government the moment his key personnel were in place to break the corruption cycle and hire honest people. It is hard to see people who seem to think that PML-N or PPP, after bankrupting the country, could have done any better. Exports, remittances, and foreign reserves, the most important things for Pakistan, all rose under IK. The current administration, as others have noted, is not going to inspire confidence that leads to further remittances and investment.

2. The people thinking that Reqo Diq is going to pay off for the country are ignoring a long history of failure in large infrastructure and economic projects. That is literally why it was sold out in the first place. Pakistan couldn't get their section of the Iran-Pak pipeline and Dams done are now going to successfully mine Pakistan's most important economic asset aside from CPEC? Sorry, that's just fools gold. What should have happened, and still can happen if there is economic confidence, is that a group of overseas Pakistanis investors should be allowed to come in, take ownership of the mine, and mine it so long as the profits and assets are kept in Pakistan for at least 10 years. The Pakistani government should use the investment sale to pay off whatever judgments are owed in foreign courts.

3. It helps to know that the business sector, as far as I can tell, hasn't given up on Pakistan. Investor confidence has most certainly been shaken, as has the ability of Pakistan to compete, but opportunities still exist. I was at a Pakistani tech summit in Silicon Valley this past weekend, and every time I asked about the change in governments-and it was met with a general tone of "not an issue, we'll make this work somehow". That is not to say that Sharif being in charge is somehow not an issue. We have a startup eco-system in Pakistan now. We have actual venture capital firms entering the Pakistani market to fund Pakistani startups and businesses. I, as well as other overseas Pakistanis, as I hope you would be also, would be outraged if the Sharifs or any other mooching, thieving, government employee or elected official tried to steal what Pakistani entrepreneurs have worked so hard to build, and are finally getting the funding support that they deserve (And this investment flow is on track to cross $750 million this year and will likely be in the billions next year). It would destroy a high margin, export-focused sector that will be a large part of the solution for keeping and building Pakistan into the economically viable powerhouse that it can be.