Panther 57
PROFESSIONAL
![](/styles/default/xenforo/ranks/squardonleader.jpg)
- Joined
- Aug 18, 2013
- Messages
- 2,536
- Reaction score
- 22
- Country
- Location
My information is that this fall in dollar is because of KSA's deferring of oil payments. How long and what is the cost?
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
My information is that this fall in dollar is because of KSA's deferring of oil payments. How long and what is the cost?
I hope what you said is not true because we need a sustainable long term real economy development .Such temporary bubbles are wet dreams just like we had in musharaff time period.This is the result of deferred payments for oil and other similar covert support from the Middle East and is a temporary bubble only.
Oil deferred payments? when did we have an agreement of that sort recently? Actually the inflows have picked up. SBP just received 750 Mio USD from KSA in Pakistan Development Fund the day before yesterday,Plus the exports data relased today showed a healthy growth. Market is aware of that and we may witness 100.50 sometime tomorrow. Shaikh Rasheed is in big trouble.This is the result of deferred payments for oil and other similar covert support from the Middle East and is a temporary bubble only.
"Real" economic development (Economic development, by default, means imporovement in real socio-economic indicators) and nominal exchange rate management are two different things.I hope what you said is not true because we need a sustainable long term real economy development .Such temporary bubbles are wet dreams just like we had in musharaff time period.
Oil deferred payments? when did we have an agreement of that sort recently? Actually the inflows have picked up. SBP just received 750 Mio USD from KSA in Pakistan Development Fund the day before yesterday,Plus the exports data relased today showed a healthy growth. Market is aware of that and we may witness 100.50 sometime tomorrow. Shaikh Rasheed is in big trouble..........
of course, until the current account balance doesn't turn positive, there will be a depreciation bias (not a great pressure), but we do have impressive home remittances to back the deficit up. All we need is an external account re-engineering to plug the gap between exports and imports. And post GSP, textile exports have picked up.These payments and the recent bubble in value are all short term manipulations. The long term value of the PKR will remain under great pressure and a downward slide given the weak overall economy.
Bhai jaan but in general our currency performance is related to our economic development.That,s what i meant."Real" economic development (Economic development, by default, means imporovement in real socio-economic indicators) and nominal exchange rate management are two different things.
Oil deferred payments? when did we have an agreement of that sort recently?
of course, until the current account balance doesn't turn positive, there will be a depreciation bias (not a great pressure), but we do have impressive home remittances to back the deficit up. All we need is an external account re-engineering to plug the gap between exports and imports. And post GSP, textile exports have picked up.
bad news for expats...Yaar don't open daily threads on dollar rate, specially when it's falling![]()
bad news for expats...![]()
Sheikh Rasheed Tera Kay banay ga Kalia. Will he resign if dollar further goes down.