Chak Bamu
RETIRED MOD
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- Joined
- Jan 3, 2013
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Just a hint: rather than trickery the crackdown at kerb market did pay off well. Much of the money was being either smuggled out of the country in hard cash (exploiting USD qouta for travelers) and off the book transactions of exchange companies.Such trickery, no matter how innovative, in support of the PKR in the face of an adverse balance of payment is a violation of the SBP's commitments to the IMF and will soon stop, if it is indeed happening
Just a hint: rather than trickery the crackdown at kerb market did pay off well. Much of the money was being either smuggled out of the country in hard cash (exploiting USD qouta for travelers) and off the book transactions of exchange companies.
He is not entirely incorrect, just that he is over-blowing the fundamental pattern.I am an exporter, so I stand to lose a little.
But man, this appreciation of PRs is worth it for the simple joy of seeing @VCheng go bonkers trying to convince us that the actual situation is really really bad, and then PRs appreciates some more.... VCheng, how is your butt feeling now?
Economy can grow either way 1) Engineering export surpluses (Like China,Germany and Japan do) or 2) By fueling internal demand via credit growth model (like what happened in Pakistan,US and India). Both have proven prone to risks, so a robust economy doesn't necessarily lead to domestic currency appreciation.Oh yes, such steps are fine, but they will not be sustainable for long. It is the robustness of the economy, or its lack, that will make the true difference over time.
yes that is the conspiracy theory I came across today. Linked to long awaited dream of MNS to become Amir ul Momineen.You your self is running conspiracy theories.
Definitely, there has been relatively better security situation as compare to Zardari, TTP is on the run.
And there are announcements of investments from UAE, KSA & China.
Pakistan is also showcasing its defence products, and we are optimistic of big news sooner than later.
All of these factors, ought to have positive effect on Pakistan currency.
Sharif may be an idiot but he is better than Zardari and Imran Khan, still long way to come any where close to Musharraf bench mark.
When i made comments two months back then every one hitting me back like any thing, the original value of Pk Rs. is some where between 95 to 96 and by April Forex will jump somewhere 11 to 13 Billion Dollar
He is not entirely incorrect, just that he is over-blowing the fundamental pattern.
Economy can grow either way 1) Engineering export surpluses (Like China,Germany and Japan do) or 2) By fueling internal demand via credit growth model (like what happened in Pakistan,US and India). Both have proven prone to risks, so a robust economy doesn't necessarily lead to domestic currency appreciation.
isnt money borrowing which every economy does. if you talking of short term debt maturing, Pakistan isnt that bad in position. if you talking of current account deficit . its improving rapidly and is already much better than whats in the region.This jump is a temporary manipulation based on borrowed monies and will inevitably lead to a crash.
What "greater amount of investment in the next few years"? The $48 billion from UAE? Or the $100 billion from China? Or may be the investors see a trained labor force, good infrastructure, and effective law and order? Riiiiiiiiight.
Oh wait, there is "optimism in Lahore". Surely that is enough to make people ignore reality.![]()
He is not entirely incorrect, just that he is over-blowing the fundamental pattern.
isnt money borrowing which every economy does. if you talking of short term debt maturing, Pakistan isnt that bad in position. if you talking of current account deficit . its improving rapidly and is already much better than whats in the region.
if you talking of foreign investment its improving plus we are expecting inflows from world bank, 3g licenses aution and etisalat.
however, i think the rupee gain is more sentimental but the loss it showed was also more sentimental driven in the 1st place!!
rupee might stabilize around 103 after gaining to 100 and dropping agin.
govt has pushed the reserves to 9 billion dollars with confirm release of 1.5 billion from world bank coming next month. also no major repayment to IMF anytime soon
its quiet possible that govt might acheive the target of 16 billion dollars reserve by end of this year
bringing down the rupee too much will hurt the exports and increase current account deficit. govt should maintain it around 100. but that will mean long term debuts in term of rupees will be higher
Where did you study economics my friend??? Inflation always increase when FDI comes as the purchasing power increases . Hope you understand I can elaborate more if you like .One of the signs of an appreciating currency is low inflation. If the recent appreciation of the PKR is real and not a mere manipulation, then where is the corresponding drop in inflation? By all measures, inflation is running at high levels commensurate with the true rate of depreciation.
Where did you study economics my friend??? Inflation always increase when FDI comes as the purchasing power increases . Hope you understand I can elaborate more if you like .