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

[HariPrasad]

how is that a worry....we had devastating floods as so we diverted the monies toward managing that disaster I believe we were inline to get more F16 and or possibly pursue J10s. As long as we have localization and not buying bloated foreign machines, we can still pursue modernisation with a small lag

Ofcourse you can but at a slow rate and in low quantity. That is what exactly I said.

 

[Hakikat ve Hikmet]

@Champion_Usmani don't get angry bro but IMF not coming back till January so forget for now.

Trade deficit is declining and foreign reserves increasing that means economy is very healthy. If oil is kept at current value this will not translate into inflation and exports will become cheap. Good policy by PTI.

https://twitter.com/x/status/1061582320573079553

I like PTI using china policies now in economy.

Looks like no $ in the market for laundering!!!!!

 

[Mage]

How much is the Forex reserves of Pakistan? And how much is the current account balance in relation to GDP?

Anyway you need time to see the trend.

 

[BHarwana]

It is very simple oil going down dollar going up foreign reserves going.up. Trade deficit reducing means only one thing inflation under control and export rising and imports reducing.

 

[Champion_Usmani]

https://twitter.com/x/status/1061955600412786689

 

[Kabira]

This is being done by PTI and they did good by doing this because what was the other option? Take loan from IMF that was wrong policy. Short term burden will translate into long term gain.

What this have to do with not going to IMF?

 

[CHACHA"G"]

Fuk you PTI...….. Last drop was bomb on my business in PAK now this drop will be killer …… fukin hell as soon as it hits 150 I will be done ………..
mofos……………..
And mofos send 1.7 billion worth wheat to Afghanistan as gift AGAINNNNNNNNN

 

[Hakikat ve Hikmet]

https://twitter.com/x/status/1066504919618772992

So buy domestically baked biscuits and drink taza milk.

And, no Dubai property!!!!

 

[shah_123]

It is very simple oil going down dollar going up foreign reserves going.up. Trade deficit reducing means only one thing inflation under control and export rising and imports reducing.

right now inflation is out of control.

 

[Champion_Usmani]

This was few weeks ago...

https://twitter.com/x/status/1055196030860513290

https://twitter.com/x/status/1055196034014609409

https://twitter.com/x/status/1051114860036141056

https://twitter.com/x/status/1051116964788269057

 

[BHarwana]

right now inflation is out of control.

How?
Wheat sugar meat tea at same price. Cotton yarn and oil at same price how?

https://twitter.com/x/status/1068013199507607553

 

[valkyr_96]

Looks like no $ in the market for laundering!!!!!

I remember Argentina was adamant about is peg to dollar even when it saw the capital being transferred out as the crisis unfolded. The current government is way better. People are too young to understand that Nawaz had qarza utaro mulk sawaroo scheme/scam https://propakistani.pk/2016/12/29/govt-pay-back-contributed-qarz-utaro-mulk-sunwaro-scheme-1997/

 

[BHarwana]

https://twitter.com/x/status/1068165659614416901

 

[Darwin]

Doesnt look good.
Are the pakistan army's finances isolated from the general economy , as i see quite a few threads on buying tanks, jf planes and helios ? All bought typically with hard cash.

 

[BHarwana]

Trade deficit falls by 1.97pc in four months

https://nation.com.pk/10-Nov-2018/trade-deficit-falls-by-1-97pc-in-four-months