Rupee to depreciate Rs160-165 against US dollar by Dec 2019

[jupiter2007]

Fake news

The state bank guy was changed to prevent that from happening

Government controls devaluation thru state bank

This is one of the condition of IMF to free-float rupee value.
To protect their government, PMLN Kept borrowing money from the local banks to prevent rupee devalued. They artificially kept rupee under control.

Eventually Pakistan will have to allow Rupee to free-float maybe now or in 12 to 18 months. Pakistan survival will depend on preventing corruption, money laundering and creating sustainable economy.
IK is taking the right steps by bring local body system and funds are going to released at Union council level.

 

[KhanBaba2]

The rupee will fall at least 50 to 75 when the Reko Diq damages are finalized. Those should be between 2 UAE and 2 IMF in size.

After that you will start being presented with invoices for the frigates, submarines and the helicopters. Maybe not the last.

 

[Arsalan 345]

government completely failed to control rupee value.they have no idea about finance.they will completely destroy pakistan.even the entire world knows what will happen in the coming months.we are bankrupt.

 

[AZADPAKISTAN2009]

Fake news it is called spreading panic , to force people to change currency and that drops the price of rupee

 

[AZ1]

Fake news it is called spreading panic , to force people to change currency and that drops the price of rupee

Why they imposed banned on buying dollars? or can we even ban the buying of dollar?

 

[AZADPAKISTAN2009]

Of course State Bank of Pakistan can suspend , release of dollar to Local Citizens , thus halting the process

 

[AZ1]

Of course State Bank of Pakistan can suspend , release of dollar to Local Citizens , thus halting the process

what is the reason why they are not doing it seeing that public buying the dollars and it's hittnig the ruppes directly?

they can suspend the buying of dollars to public and ppl going outside of country taking dollar as cash they can reduce the amount so that less dollar they can take outside of pakistan with them as cash.

 

[AZADPAKISTAN2009]

FATF is pressuring many banks , to send letters to overseas Pakistanis to move their funds out of Pakistan , people who have traditionally kept money in Pakistan even after leaving Pakistan are getting letters sent from Pakistani Banks to declare their country residence and it's rubbing many overseas Pakistani the wrong way causing them to simply close out the accounts in Pakistan and not deal with monthly letters being sent to them I know I have seen those letters and accounts in Pakistan closed out

• The letters I saw were from Standard chartered Bank (Pakistani Branch)

Unfortunately because financial bodies do not protect citizen's rights

>Pakistani (Foreign) Bank sent letters to Pakistanis
>Pakistani oversea resident asks why are you sending me letter
>Bank says oh we need to comply with FATF we will collect your passport /citizenship info send it to your adopted country
>The letter sometimes are redirected to main branch and then Pakistani has to go to main branch in person to 20-30 min away monthly to pick up their mail (In over sea locations)
>So they simply visit Pakistan , close out their bank account Adios Amigos

For most Pakistanis the accounts were their funds kept in Pakistan , for possible retirement or money they could never move with them overseas when they migrated legally

The money from Swiss accounts won't ever come to Pakistan but I can assure you millions of Pakistanis will be moving or closing their Pakistan based accounts due to FATF




Pakistani TV channels are busy shinning Nawaz Sharif Testicles