US dollar reaches Rs160 in interbank market

[lightoftruth]

The way US economy is doing ,everyone is expecting dollar to appreciate in these conditions PKR will touch 200 before December.

so sad and so bad.

 

[El Sidd]

People are the problem of course, not government. Listen to this:

https://www.facebook.com/video.php?v=606270883213648

i cant see facebook.

yes for dictators people are always a problem

 

[Norwegian]

We have a deep state were things are controlled by certain influential people for their own personal gains.

Exactly. Unless Pakistan gets rid of deep state and its parallel economy / interests, nation as a whole cannot progress. Deep state is not the solution, it is part of the problem. So I don't blame you personally of course.

 

[El Sidd]

Exactly. Unless Pakistan gets rid of deep state and its parallel economy / interests, nation as a whole cannot progress. Deep state is not the solution, it is part of the problem. So I don't blame you personally of course.

Your community is worth 40 billion US Dollars. You can use that money to wage liberation war anytime you like.
Pakistan is ready.

 

[Norwegian]

This deep state problem is real tricky, until we solve this were gonna remain the same as we have been for the last 50 years and so.

This deep state runs parallel economy which is extra burden on national budgets each year. Nation cannot progress like this and will remain in debt trap unless deep state economy becomes part of national economy.

 

[RIP Pak LAW]

Dollar now Rs 164.

Looks like this is happening to make opposition APC meeting successful. Rs 7 rise in single day.

 

[Norwegian]

Dollar now Rs 164.

Looks like this is happening to make opposition APC meeting successful. Rs 7 rise in single day.

Government cannot control price of dollar through currency manipulation. Ishaq Dollar times are long gone.

 

[RIP Pak LAW]

Debt burden increasing with the increase in dollar. Free falling may not be a good strategy considering your exports which are not increasing.

 

[Yaseen1]

it will have bad impact on public and students who are pursuing foreign degrees and courses and required dollars to pay examination fees.I think we will likely to default soon once we move beyond threshold and we will face Venezuela like conditions and end up by losing sovereignty

 

[Norwegian]

Debt burden increasing with the increase in dollar. Free falling may not be a good strategy considering your exports which are not increasing.

As I told you it is not in government's control to fix dollar price.

it will have bad impact on public and students who are pursuing foreign degrees and courses and required dollars to pay examination fees.I think we will likely to default soon once we move beyond threshold and we will face Venezuela like conditions and end up by losing sovereignty

No devaluation is done to avoid default because Pakistan is facing balance of payments crisis, thanks to previous experienced governments.

 

[Yaseen1]

when our loans are increased by billions of rupees by devaluation it will increase risk of default as our reserves are also declining due to lack of export base to help build up reserves as a result of devaluation.We are not china who has no foreign debts so devaluation not increase their debts but due to high foreign debts devaluation increase our debts and will ultimately result lead us to default if industry and exports not increase proportionally .If govt cannot fix previous govt problems they not deserve to remain in govt and should resign.

As I told you it is not in government's control to fix dollar price.


No devaluation is done to avoid default because Pakistan is facing balance of payments crisis, thanks to previous experienced governments.

 

[VCheng]

.If govt cannot fix previous govt problems they not deserve to remain in govt and should resign.

Absolutely not. This government deserves its full term in office.

 

[Norwegian]

when our loans are increased by billions of rupees by devaluation it will increase risk of default as our reserves are also declining due to lack of export base to help build up reserves as a result of devaluation.We are not china who has no foreign debts so devaluation not increase their debts but due to high foreign debts devaluation increase our debts and will ultimately result lead us to default if industry and exports not increase proportionally .If govt cannot fix previous govt problems they not deserve to remain in govt and should resign.

External debt remains the same as it is in dollar, only local debt increases.

 

[El Sidd]

External debt remains the same as it is in dollar, only local debt increases.

RIP Logic !!

 

[VCheng]

External debt remains the same as it is in dollar, only local debt increases.

It just takes more rupees to repay the same debt in dollars.