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

[CHACHA"G"]

Petrol price gone up, Transport price gone up, electricity price gone up, gas price gone up, school fees gone up ---- input cost for farmers gone up ( you know how much dap/urea price increased, don't you?) -- Govt is telling the farmer that inspite of input cost going up, we will not increase the support price, say wheat (and the reason the price is still the same)

And this dollar increase hit hard ,,,,, small to medium seize importer , almost bankrupts...….. I am on of them and this new increase will be killer …… As soon as dollar hits 150 I will be bankrupt cost of business will be high and profit will be zero , actually I will lose more then I invested , because of this increase ...… fak man I am dam pissed and dam angry ……

 

[AZ1]

Petrol price gone up, Transport price gone up, electricity price gone up, gas price gone up, school fees gone up ---- input cost for farmers gone up ( you know how much dap/urea price increased, don't you?) -- Govt is telling the farmer that inspite of input cost going up, we will not increase the support price, say wheat (and the reason the price is still the same)

Petrol will be 7 rupees down expectrd as per news from yesterday.

 

[BHarwana]

Has the input cost increased for farmers or not, wheat price remaining the same means further economic burden on farmers, right?

I know and this has always been the case, the elite class never feels the burden, the system gives them kinda bailout package -- the lower /middle class is severely hit by inflation and you saying there's no inflation in the country.

How input cost increased seed price is same and electricity price for tube well is same and uria is down so what input is left? Wheat being exported and dollar going up means more rupee for farmers.

 

[CHACHA"G"]

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

Can you please stop this stupidity ……….. do you think we are stupid , idiots , do you think we don't know how this work ………. Why cant you tell people how much our debt increased ????? I am very hopeful at least 500 billion Rupees...……
Please stop...…..

 

[valkyr_96]

And this dollar increase hit hard ,,,,, small to medium seize importer , almost bankrupts...….. I am on of them and this new increase will be killer …… As soon as dollar hits 150 I will be bankrupt cost of business will be high and profit will be zero , actually I will lose more then I invested , because of this increase ...… fak man I am dam pissed and dam angry ……

can you tell us what kinds of good you import? O honest tax filer

 

[BHarwana]

If fuel come down and dollar who gives a damn about dollar?

 

[valkyr_96]

Can you please stop this stupidity ……….. do you think we are stupid , idiots , do you think we don't know how this work ………. Why cant you tell people how much our debt increased ????? I am very hopeful at least 500 billion Rupees...……
Please stop...…..

Why can't you tell people why it has increased?

 

[Champion_Usmani]

Can you please stop this stupidity ……….. do you think we are stupid , idiots , do you think we don't know how this work ………. Why cant you tell people how much our debt increased ????? I am very hopeful at least 500 billion Rupees...……
Please stop...…..

Don't blame him, let him do his job. here are the debt figures...

With the latest devaluation of rupee, the total debt owed by Pakistan has spiked by another Rs760 billion.

 

[shah_123]

Asad Umar has found new ways to rip off people of their wealth -- Ours is an import based economy, PTi says shift to alternative, I say there's no such thing as alternative in short term.--- People will continue importing goods as there are no domestic alternatives.

Devaluation of currency generates more revenue from custom duties and other so many taxes -- Govt is looting the wealth of the people systematically.

 

[BHarwana]

Can you please stop this stupidity ……….. do you think we are stupid , idiots , do you think we don't know how this work ………. Why cant you tell people how much our debt increased ????? I am very hopeful at least 500 billion Rupees...……
Please stop...…..

You asked me a month ago to apologize for Pakistan going to IMF. Do you want me to apologize?

My friend I know what I am talking.

 

[CHACHA"G"]

can you tell us what kinds of good you import? O honest tax filer

lol . WOW on you ……. on imports few different type.....keep watching News …… our association will launch protest soon you will find out .

You asked me a month ago to apologize for Pakistan going to IMF. Do you want me to apologize?

My friend I know what I am talking.

So you still think we are not going to IMF ……….. even after that 2 months long negotiations

 

[BHarwana]

Pakistani private sector has very low debt go check it. All external and internal debt in Pakistan is of govt so it will not effect common man. Lol check Figuers and then debate on debt.

lol . WOW on you ……. on imports few different type.....keep watching News …… our association will launch protest soon you will find out .


So you still think we are not going to IMF ……….. even after that 2 months long negotiations

Every time PTI negotiates with IMF people curse PMLN for it. We will negotiate after every 2 months just to remember what PMLN did to us but not take loan.

 

[valkyr_96]

Asad Umar has found new ways to rip off people of their wealth -- Ours is an import based economy, PTi says shift to alternative, I say there's no such thing as alternative in short term.--- People will continue importing goods as there are no domestic alternatives.

Devaluation of currency generates more revenue from custom duties and other so many taxes -- Govt is looting the wealth of the people systematically.

What is a import based economy. What are you going to pay with for those imports? Maa ka kalayja!!!! can you please explain how devaluation increase tax revenues and custom duties? directly. It is an unintended consequence otherwise the government can simple increase the tax rate

 

[Champion_Usmani]

And this dollar increase hit hard ,,,,, small to medium seize importer , almost bankrupts...….. I am on of them and this new increase will be killer …… As soon as dollar hits 150 I will be bankrupt cost of business will be high and profit will be zero , actually I will lose more then I invested , because of this increase ...… fak man I am dam pissed and dam angry ……

The Power looms industry is done and dusted, the raw material yarn (Sutar) Price is hiked way above due to high dollar rate, as a result the Looms are being shut down one by one, only those who had huge stock of yarn bought earlier, meaning big fishes, their looms are up and running, small trader is dying a fast death. The Looms machinery is being sold at iron price.

This PTI govt is a disaster to the country...

 

[valkyr_96]

lol . WOW on you ……. on imports few different type.....keep watching News …… our association will launch protest soon you will find out .


So you still think we are not going to IMF ……….. even after that 2 months long negotiations

Just like the PSMA. few types is a poor answer.....I was not after you I just wanted to see how the problem can be mitigated. O honest importer who is a regular tax filer I salute you. You make Pakistan so so proud.