US dollar hits all-time high of Rs142 in interbank market

[BHarwana]

Is it going to hit 200? Well, at this rate it isn't impossible either.

200 will not hit even 150 will not hit. State bank made some dollar purchase for boosting reserves and then price dropped again.

 

[Rajesh Kumar]

QUOTE="Major Sam, post: 10981540, member: 39168"]Man try to b realist who told you prices are same as PmLn left. You have to go outside your home to check the reality. Everythinh has increased even domestic veg has incresed and the reason they give is dollar has imcresed, wheat is 40 per kg, petrol is up, mobile prices has increased, laptop prices has increased, car prices has increased, milk prices has incresed, urea prices have increased, gas prices have increased,

Can you tell me what exactly local industry prices have decreased or.remained same can you enlist commodities and their prices so every one will know. We will accept your argument whole heartedly.[/QUOTE]

Is data is reliable?

@BHarwana

http://www.pbs.gov.pk/sites/default/files//price_statistics/monthly_price_indices/2018/Monthly Review October, 2018 Modified.pdf


Before PTI ---Imran Khan--

http://www.pbs.gov.pk/sites/default..._price_indices/2018/cpi_review_april_2018.pdf

I could say that complete failure being as Middle class people.

 

[lightoftruth]

Demand compression will reduce trade deficit in pakistan but will substantially hurt lower middle class and their living standards.

increased inflation will crush the poor.

 

[shah_123]

Then man change your business from importer to exporter.
on

Suggest him @CHACHA"G" few options, I am also interested in knowing how one becomes exporter from importer overnight.--- Also use your good contacts in the government and ask them to feed his family for one year so he could concentrate on becoming exporter from importer, after all you need some time to switch over.

 

[BHarwana]

As I said before , I will say it again ….
If we have small and medium level industry in Pakistan , very strong one . then low rupee will be very helpful for whole Pakistan...…
But realty is .
We are importing pampers , cosmetics , basic chemicals , inks , medicines , food items , hell you name it we are importing it …….
To all of our elite ::::::: Please , please build industry in Pakistan , build manufacturing unties (not assembly line) ……….. Please increase our own industrial output , so we can at least meat our local demand , then you can decrease Rupee I don't mind actually no one will mind ….
Right now we are import base economy , and any increase in dollar price will hurt 200 million Pakistanis directly …..

Will you change your business now?
No you will not so only way is to make your business unprofitable and you will switch. This is the only way to change our business habit for the betterment of Pakistan.

 

[Fawadqasim1]

200 will not hit even 150 will not hit. State bank made some dollar purchase for boosting reserves and then price dropped again.

But i have lost my trust in rupee sir for the first time in my life I am about to go and buy dollars.

 

[BHarwana]

Suggest him @CHACHA"G" few options, I am also interested in knowing how one becomes exporter from importer overnight.--- Also use your good contacts in the government and ask them to feed his family for one year so he could concentrate on becoming exporter from importer, after all you need some time to switch over.

So if you are not going to switch domestic production will also give you loss if dollar price remains same.

PM has screamed for.months we are going towards exports so people should start making transition before it is late.

 

[HttpError]

200 will not hit even 150 will not hit. State bank made some dollar purchase for boosting reserves and then price dropped again.

As a consumer and spender I am the one who is worst hit by such kind of news, as all my savings and earnings are in PKR. But the current trend doesn't look very bright, to be honest.

 

[CHACHA"G"]

Suggest him @CHACHA"G" few options, I am also interested in knowing how one becomes exporter from importer overnight.--- Also use your good contacts in the government and ask them to feed his family for one year so he could concentrate on becoming exporter from importer, after all you need some time to switch over.

lol...……. what will I do with items in my store rooms …… lmao …… and what will I export ??????? lol man … this line of his is like ,,,, "Roti nahi hai tu cake kha lu".
lol he is a rich guy whit lots of land ……. with a rich father so I don't blame him ….. he and his kind have no idea how a middle class work ….

 

[Fawadqasim1]

lol...……. what will I do with items in my store rooms …… lmao …… and what will I export ??????? lol man … this line of his is like ,,,, "Roti nahi hai tu cake kha lu".
lol he is a rich guy whit lots of land ……. with a rich father so I don't blame him ….. he and his kind have no idea how a middle class work ….

Absolutely sir

 

[zip]

What is current dollar price?

But you said opposite is good for pakistan economy right ?

 

[shah_123]

Will you change your business now?
No you will not so only way is to make your business unprofitable and you will switch. This is the only way to change our business habit for the betterment of Pakistan.

First change the habits of say, entities like FBR. -- provide electricity/gas at reasonable price, arrange for interest free loans ---- first give the environment, than talk abt shifting to local production.

 

[BHarwana]

Every day they say they will help exports so listen and start making the transition rather than crying later.

https://twitter.com/x/status/1068106736832315392

But you said opposite is good for pakistan economy right ?

I am still saying it.

Actual growth in economy is growth via exports. Growth via imports is false it is temporary and hurts economy.

 

[Fawadqasim1]

Every day they say they will help exports so listen and start making the transition rather than crying later.

https://twitter.com/x/status/1068106736832315392

export what sir school fees babies milk medicine and medical care can't wait for years.

 

[CHACHA"G"]

Will you change your business now?
No you will not so only way is to make your business unprofitable and you will switch. This is the only way to change our business habit for the betterment of Pakistan.

dear sir give me the name of company which is building or manufacturing items like headphones , memory cards , chip cards , microphones , photocopy machines , paper , ink , toys , blankets etc very basic items , (I did not mention any chemical or hard to build items) ….. also don't forget company name price list etc. so I can buy from local market and also can export them.
Thanks
I will be very happy to exporter …………. that sound great ……..