"There is Artificial demand and speculation attacks are coming into play for Dollar in interbank market" FM. Than what is purpose of SBP governor?

[Desprado]

"There is Artificial demand and speculation attacks are coming into play for Dollar in interbank market" FM. Than what is purpose of SBP governor?

"Asked about the exchange rate volatility, Mr Tarin said that ‘speculators’ created artificial demand. However, he admitted that there is pressure on exchange rate mainly because of speculation over balance of payment issues because of rising import bill. “This is not sustainable and has no base for support,” the minister warned speculators and predicted it will come down."

Talks with IMF for sixth tranche to start by month-end

Tarin terms dollar’s surge against rupee ‘speculative’.

www.dawn.com

I told some kids that it is due to Pakistan paused IMF program and negative and speculation came to attack Pakistan Rupee due to Imran Khan desperate and forced growth just he did a the same mistake in 2018 to delay IMF program.

Now coming to SBP governor.

"Pakistan’s policy is a “market based exchange rate system” that follows supply and demand, but that will not be left completely to the market, Baqir said in his first press conference as State Bank of Pakistan (SBP) governor."

"An exchange rate that remains fixed for a long time is not in our favour. On the other hand, a free float also is not suitable,” Baqir said in the coastal financial hub of Karachi."



“So, if there is a volatility, then state bank intervenes. You need to keep a close eye on the market. That is our regime and we want to go with this regime,” Baqir added.


Bhai 4 months there a speculative attack, which is admitted by FM it self. Imran Khan is the worse thing ever happen to Pakistan in terms of Finance.

Wait and Watch IMF conditions. The delay will force more hard condition as they IMF will force jack up interest rate due to that we now 100% heading towards again 2018.

New Pakistan central bank boss dismisses free floating rupee idea

Pakistan's new central bank governor Reza Baqir on Monday dismissed the idea of a free floating rupee as he outlined reforms aimed at ending instability in the South Asian economy.

www.reuters.com

 

[blueazure]

so speculation in real estate market is good which benefits our elite ( retd military mostly ) ,

but

speculation in forex is bad ! ( after all, we have a mkt based x rate ,,, and speculators do drive prices in a free market )


to be honest, im not liking the clue less -ness of the FM, PM and gov SBP . they have seemed to throw in the towel and given up controlling the economy ,,,,

 

[Desprado]

so speculation in real estate market is good which benefits our elite ( retd military mostly ) ,

but

speculation in forex is bad ! ( after all, we have a mkt based x rate ,,, and speculators do drive prices in a free market )


to be honest, im not liking the clue less -ness of the FM, PM and gov SBP . they have seemed to throw in the towel and given up controlling the economy ,,,,

Yes they. It was a miss fire from Imran Khan to delay IMF program and some kids you saw said this is natural movement, which was not because no country ever in free float market have 4 months downside or upside on regular bases of the currency only bad and predictable optics leads to massive crisis and maybe worse than 2018.

Since 4 months the combination of Reza Baqir, Imran and Shaukat Tarin has created a crisis in the market due both 3 are saying different things. If this was stopped in July we would have saved massive dollar and stopped the speculations attack.

Now you see market pressure on Reza, Imran and Tarin and now they will forced to start using dollar to stop attack and forcefully accept more hard condition of IMF because it is not other way both Imran Khan and Shaukat Tarin has found out in this 4 months massive fail experiment.


This devaluation was never nataural as some PTI fanboys were saying. Now the days of Reza Baqir and Shaukat Tarin both are short and it will be same sitatuiton as of Asad Umar and SBP governor getting booted in April 2019.

As i told some kids there that this is not due CAD but SBP governor overconfidence, too much smartness, underestimating specluation attack forced currency go to 168, which should been 165 to 166 max. Everyone has started buying dollar and creating a shortage of dollar because they know that it will further slide and they will make junk of profit due to now massive speculation have come into play. Reza Baqir, Imran Khan and Shaukat Tarin both are to be blamed for defending slide of rupee when they knew it was not CAD but speculation attacks and panic buying and they did not stop it ,which created.

 

[ziaulislam]

so speculation in real estate market is good which benefits our elite ( retd military mostly ) ,

but

speculation in forex is bad ! ( after all, we have a mkt based x rate ,,, and speculators do drive prices in a free market )


to be honest, im not liking the clue less -ness of the FM, PM and gov SBP . they have seemed to throw in the towel and given up controlling the economy ,,,,

I want ishaq dar back

With him we can bring rupee back to 100..then miftah ismail hijacked the rupee to 130..
Miftah ismail was PTI agent
Ishaq dar zindabad

 

[blueazure]

I want ishaq dar backView attachment 777511
With him we can bring rupee back to 100..then miftah ismail hijacked the rupee to 130..
Miftah ismail was PTI agent
Ishaq dar zindabad

irrelevant and off topic gibberish !


as usual

 

[blueazure]

PKR is 168.5 interbank today

dump of 40 paisas already

 

[ziaulislam]

irrelevant and off topic gibberish !


as usual

Yes thats why we need sheir/ishaq dar back to bring back the rupee to 100 and to increase our CAD. We had record performance in CAD which went up by 300% ..to 24b$..now its in negative..damn you PTI

 

[Desprado]

Yes thats why we need sheir/ishaq dar back to bring back the rupee to 100 and to increase our CAD. We had record performance in CAD which went up by 300% ..to 24b$..now its in negative..damn you PTI

Yar bhai bas kardo

1) 2014 PMLN- 2.3 billon CAD

2) 2015 PMLN- 2.8 billion CAD

3) 2016- PMLN 4.5 billion CAD

4) 2017 PMLN 12.8 billion CAD

5) 2018 PMLN 19.5 billion CAD


PTI

1) 2019 PTI 13.8 billion CAD

2) 2020 PTI- 4.4 billion CAD

3) 2021 PTI- 1.8 billion CAD

4) 2022 PTI- 13 billion CAD (Expected)


Therefore PMLN ratio is much more better than PTI because 2017 and 2018 were mostly CPEC machines and PTI is mostly CAD of July and August 2021 is Luxury Cars, SUVs and Luxury hosing stuff to make revenue from FBR through custom duties.

 

[Zibago]

I want ishaq dar backView attachment 777511
With him we can bring rupee back to 100..then miftah ismail hijacked the rupee to 130..
Miftah ismail was PTI agent
Ishaq dar zindabad
View attachment 777512

They want us to waste reserves so consumption is subsidized for few months max

 

[ziaulislam]

They want us to waste reserves so consumption is subsidized for few months max

شیر کی ایک دن کی ذند گی گیدڑ کے سو سالہ زند گی سے بہتر ہے

Whats the point of living in inflation..few months is enough
Live free and die hard

 

[Zibago]

Therefore PMLN ratio is much more better than PTI because 2017 and 2018 were mostly CPEC machines and PTI is mostly CAD of July and August 2021 is Luxury Cars, SUVs and Luxury hosing stuff to make revenue from FBR through custom duties.

Another fact pulled out of thin air

Swelling import bill

PAKISTAN’S trade deficit expanded by almost 33pc to $30.8bn during the last fiscal from $23.2bn a year before...

www.dawn.com

شیر کی ایک دن کی ذند گی گیدڑ کے سو سالہ زند گی سے بہتر ہے

Whats the point of living in inflation..few months is enough
Live free and die hard

And people wonder why Bangladesh is ahead despite having no cotton production

 

[ziaulislam]

Another fact pulled out of thin air

Swelling import bill

PAKISTAN’S trade deficit expanded by almost 33pc to $30.8bn during the last fiscal from $23.2bn a year before...

www.dawn.com

And people wonder why Bangladesh is ahead despite having no cotton production

I doubt it
Most educated people think we are ahead of europe forget about bengaldesh
They think PTI made things worse otherwise we have been doing great since 1985 when sharif took over