Rupee hits new all time 170 against dollar. Imran Khan honesty with PKR pay off big time.

[Desprado]

Now PTI kids will say that PKR is also correcting it self. Everything is correcting it self in Pakistan.

https://twitter.com/x/status/1442712199747756036

https://twitter.com/x/status/1442714414386343938

Enjoy Imran Khan growth.

 

[PradoTLC]

may be if Nawj sharif didnt spend all the money on him self and his tea spoons.. he would have spent money on education so Pakistani could make goods and services the world would like to buy and thereby correcting an imbalance.

 

[Desprado]

https://twitter.com/x/status/1442718092950323207

Another Achievement. Credit to Imran Khan honest that he is too honest with PKR.

 

[F.O.X]

if only people like your leader Nawaj & Family didn't loot all the money and horde it in foreign banks , we wouldn't be seeing this situation.

Do you know the concept of supply and demand? and how that effects the exchange rate ?

 

[IceCold]

Now PTI kids will say that PKR is also correcting it self. Everything is correcting it self in Pakistan.

https://twitter.com/x/status/1442712199747756036

https://twitter.com/x/status/1442714414386343938

Enjoy Imran Khan growth.

You need to stop working over time for the media cell. Relax! Wait for two more years.

 

[Desprado]

if only people like your leader Nawaj & Family didn't loot all the money and horde it in foreign banks , we wouldn't be seeing this situation.

Do you know the concept of supply and demand? and how that effects the exchange rate ?

Mera Bhai PMLN=PTI. PTI only have 3 or 4 home grown stars ,however, all are rented from PPP and PMLN in PTI.

Coming to PKR

SBP of Pakistan again intervened to give some life to PKR. How long?

We are getting FDI same as 2011 as our FDI in 2 months less than 200 million dollar.

Export did not increase to the expectations.

RDA inflows from March to June ratio was 310 million dollar per month, which has now come down to 240 million dollar ratio per month.

Outflow from stock market and equities.


Of course it will create a demand of dollar because the whole Budget of PTI depends on cars sales, luxury items and consumption import growth.


Now to what can stop this is only that we go to IMF program, super tight fiscal policy and again we need a super high interest rate to block imports and reduce demand.

Government it self created a crisis to lose fiscal policy and force SBP to do negative interest rate, which created a import consumption demand.

 

[Crimson Blue]

It seems that some people were born only in 2018 as they have no knowledge of anything that happened before that.

And Pakistani are only nation in world which make joke of honesty.

Then you really deserve whats going on and may be whole lot worse.

 

[Desprado]

It seems that some people were born only in 2018 as they have no knowledge of anything that happened before that.

And Pakistani are only nation in world which make joke of honesty.

Then you really deserve whats going on and may be whole lot worse.

Sir you should do a proper history check before posting. It is look you only read PTI articles.


PPP faced worse situation than this in 2007 and 2010-2011 prices of international products was far more than right now.


We actaully defaulted in 1999 and could not even pay 500 million international bond and Pakistan rating was -cccc.


When PPP took Pakistan ratings was CCC


When Imran Khan took it was -B negative.


Please research and read international articles or essay rather than see PTI twitter slide.

 

[Crimson Blue]

Sir you should do a proper history check before posting. It is look you only read PTI articles.


PPP faced worse situation than this in 2007 and 2010-2011 prices of international products was far more than right now.
.

When talking about history, I am sure we are doing better than Argentina, Lebanon and Sri Lanka at this time.

And historically, all international rating firms have better credit rating of Pakistan as compared to PPP times.

Our imports are increasing due to improved purchasing power. and people are importing even when UDS is at 170 against PKR. Imports of nations with poor economic condition goes down, not up (ie Argentina, Sri Lanka etc) . Our imports are going up.


Thankfully you brought up PPP's time of administration. You convinently ignored that PPP took loan of $35 billion in 5 years ($7 billion per year) in addition of dollars pouring in the form of Coalation Support Fund. Please do not ignore all those dollars pouring in during time of PPP government. So yeah sure USD exchange rate was stable at that time.

Now we have no CSF and not US aid. Plus current government is only borrowing at the clip of $3 billion per year. So the only fault that you can find with Imran Khan is that he is not borrowing at a higher rate. If he borrows at $7 billion per year, like PPP time, then yeah he can stabilize the USD exchange rate and give subsidy to artificially keep prices of consumer goods down.


So in all of your logic, that real fault that I find with PTI is that they are not borrowing as much as the past government.

 

[Indos]

Devaluing the currency in order to accelerate export can be a successful policy if the country has already good manufacturing sector. Just like happening in Indonesia where the Asian Financial Crisis bring its currency from 2500 per USD into 10000 in 2020 ( it had reach 18.000 per USD in 2018 ). For your information, this is unintended devaluation as the market that make it loss value, not our government policy.

There is huge export acceleration indeed since 1999. The negative side of it is that the country experience huge inflation for several years, and the need to put huge interest rate to attract people to still keep Rupiah instead of buying USD. At that time interest rate can be like 60%, and people with money can double their deposit easily while people without much money face very difficult live. Many big companies collapse as well, and our growth after 1998 never reach our growth during stable Rupiah at 2000-2500 per USD. At that time Indonesia can reach around 7-8 percent economic growth from 1980-1996.

Keeping the currency stable still can make huge export as well if the country planner and the industry is good enough to stay competitive, just like Malaysia that is saved from Asian Financial Crisis, having stable currency but the country accelerate fast during 1998-2010 period.

One of the main factors to make devaluation strategy successful is the solid foundation of industry, both coming from FDI and domestic investor. It also can only be applied if foreign debt is not high, but relatively moderate and the increase of USD can still be bear by government and private sector which has USD/other foreign currency denominated bonds.

Just see FDI in several countries. Good policy and climate in attracting FDI can be a solution for Pakistan problem. At this time of period, Pakistan is still not good enough to attract it

 

[Desprado]

When talking about history, I am sure we are doing better than Argentina, Lebanon and Sri Lanka at this time.

And historically, all international rating firms have better credit rating of Pakistan as compared to PPP times.

Our imports are increasing due to improved purchasing power. and people are importing even when UDS is at 170 against PKR. Imports of nations with poor economic condition goes down, not up (ie Argentina, Sri Lanka etc) . Our imports are going up.


Thankfully you brought up PPP's time of administration. You convinently ignored that PPP took loan of $35 billion in 5 years ($7 billion per year) in addition of dollars pouring in the form of Coalation Support Fund. Please do not ignore all those dollars pouring in during time of PPP government. So yeah sure USD exchange rate was stable at that time.

Now we have no CSF and not US aid. Plus current government is only borrowing at the clip of $3 billion per year. So the only fault that you can find with Imran Khan is that he is not borrowing at a higher rate. If he borrows at $7 billion per year, like PPP time, then yeah he can stabilize the USD exchange rate and give subsidy to artificially keep prices of consumer goods down.


So in all of your logic, that real fault that I find with PTI is that they are not borrowing as much as the past government.

Sir for your knowledge when PMLN left Pakistan total debt was 92 billion dollar and now it is 122 billion dollar and already 30 billion dollar increase. I am sure Imran Khan has not taken debt and some other hidden forces has taken debt in the name of Imran Khan.

all PTI did in finance is that they all hired PPP staff in finance and even Ministry of Finance staff entirely was PPP era.


PTI ratio of borrowing is more than PMLN leave alone PPP.


Coming Sri Lanka sir. A defaulted country sri Lanak has 6.8% inflation, where as we have 8.5% inflation.


PTI managed Pakistan worse than a default country they are only doing time pass and they know that they will not any kind of election and they are expecting far more worse results than contentment board election. Inside they are defeated that is why they hired a banker, which does not even know how to run a bank.

 

[ProMechy]

This guy needs to get banned. Everyday he posts misleading information. After intellectual comments from think tanks and senior members here, he doesn't seem to understand. Maybe he is a troll.

 

[AZ1]

Sir for your knowledge when PMLN left Pakistan total debt was 92 billion dollar and now it is 122 billion dollar and already 30 billion dollar increase. I am sure Imran Khan has not taken debt and some other hidden forces has taken debt in the name of Imran Khan.

all PTI did in finance is that they all hired PPP staff in finance and even Ministry of Finance staff entirely was PPP era.


PTI ratio of borrowing is more than PMLN leave alone PPP.


Coming Sri Lanka sir. A defaulted country sri Lanak has 6.8% inflation, where as we have 8.5% inflation.


PTI managed Pakistan worse than a default country they are only doing time pass and they know that they will not any kind of election and they are expecting far more worse results than contentment board election. Inside they are defeated that is why they hired a banker, which does not even know how to run a bank.

if pti borrowing is more so our debt loan to $92 billion.

Nawaz era started at $54 billion or so.

more loan take, more interest would be there to pay after 5 years or so hence more dollar we would need and more loan thats why it called debt trap that you will never come out of it.

I thought you should know this since you create thread day and night on dollar.

 

[Desprado]

Devaluing the currency in order to accelerate export can be a successful policy if the country has already good manufacturing sector. Just like happening in Indonesia where the Asian Financial Crisis bring its currency from 2500 per USD into 10000 in 2020 ( it had reach 18.000 per USD in 2018 ). For your information, this is unintended devaluation as the market that make it loss value, not our government policy.

There is huge export acceleration indeed since 1999. The negative side of it is that the country experience huge inflation for several years, and the need to put huge interest rate to attract people to still keep Rupiah instead of buying USD. At that time interest rate can be like 60%, and people with money can double their deposit easily while people without much money face very difficult live. Many big companies collapse as well, and our growth after 1998 never reach our growth during stable Rupiah at 2000-2500 per USD. At that time Indonesia can reach around 7-8 percent economic growth from 1980-1996.

Keeping the currency stable still can make huge export as well if the country planner and the industry is good enough to stay competitive, just like Malaysia that is saved from Asian Financial Crisis, having stable currency but the country accelerate fast during 1998-2010 period.

One of the main factors to make devaluation strategy successful is the solid foundation of industry, both coming from FDI and domestic investor. It also can only be applied if foreign debt is not high, but relatively moderate and the increase of USD can still be bear by government and private sector which has USD/other foreign currency denominated bonds.

Just see FDI in several countries. Good policy and climate in attracting FDI can be a solution for Pakistan problem. At this time of period, Pakistan is still not good enough to attract it

View attachment 780574

For your information PTI is doing opposite and forcing negative interest rate.

if pri borrowing is more so our debt loan to $92 billion.

Nawaz era started at $54 billion or so.

more loan take, more interest would be there, hence more dollar we would need and more loan thats why it calles debt trap that you will never come out of it.

I thought you should know this since you create thread day and night on dollar

PPP left it was 64 billion debt total.

 

[Crimson Blue]

Sir for your knowledge when PMLN left Pakistan total debt was 92 billion dollar and now it is 122 billion dollar and already 30 billion dollar increase.

Do you consider opinion of Geo News about external debt more credible than that of World Bank? At least that what it looks like from your posts. However if World Bank data is credible third party data then according to World Bank, Pakistan's external debt is around $101 billion n 2021.

And then you can subtract $13 billion from this total foreign debt of Pakistan because PTI put $13 billion in the national treasury over the past 3 years which could be used to pay back loans if they'd like.