Inflation at the highest level ($ near 100/-)

[fazalwahab11375]

The dollar is near completing a century. I am sure in open market it has already celebrated the century.

[nfssaad]

A lot of (bad) duas for zardari sahab and his chamchas.

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[BackToCivicFaiez]

exchange rate is not something that tells you about inflation.

look at the price index. Although you are right, inflation is quite high. But compared to previous years (especially 2009) , this year is still okay, things are getting better but very slowly (talking about inflation only).

[lazers]

today dollar is at 99.5

[lahori1990]

Dont worry. It will also hit 150 if zardari is elected again. Remember, we are munafik and mushrik. We are but parast qom. Insha Allah, Zardari will be elected again. God has better plans. Instead of getting us finished from the hands of our enemies, we are going to finish each other off.

[mohtashimiqbal]

this is all due to pumping up more paper in the economy ,
and this wouldn't stop until we stop pumping artificial money....

[SANTANIO]

seriously this should be one of the governments top priority i mean devaluation of the currency is pretty serious.because we are importing almost everything the little industry we have is shutting down due to energy crisis.

[mohtashimiqbal]

@santanio

its an irony ,

only if the JAHIL , CORRUPT , LUTAYREE government had the required education , intellect and morals to identify these problems ,
and yes , salutes to our armed forces , who should go and wear bangles now as i will hold em equally responsible in doing absolutely NOTHING about the whole mess these dakuu's have created.

power comes at the cost of responsibility .
if you cannot pay the cost , then u DO NOT deserve to be in power .

Only and only a militry danda was needed for these goons who have destroyed this piece of land .
but seems like inko bhi apna HISSA mil chuka tha pehlay hi.

and yes , just in case if some one is planning to give me a lecture on respecting the armed forces , and patriotism .
let me clear one thing , only the TOP positions / decision makers are accountable . the lower ones are not accountable in any of this.

[takko]

can be fixed in 6 months.. dollar can be back to 60.. if only we r willing to... there is no need to sacrifice.. no need for hard work..just a smart work.. and it gonna be back to yummy yum world....

[mohtashimiqbal]

@takko

where exactly do u plan to bring the ten billion dollar worth of PKR , that is pumped in this economy ?

[mohtashimiqbal]

dollar reserves - in our national world bank account (a) 18000000000 ---------------------(18 billion)
---------------------------------------PKR in circulation - (b) 17,82 ,000000000

this is what is making the dollar go upto 99 rs. (b) / (a) = ( your exchange value ) ~ 99 Rs.

u will print more money , and increase the PKR in circulation to SURVIVE . and again u will devalue your own money .

now we need at least 10 billion dollars in our world bank account , making it 28 billion . to bring the dollar back to 60 .

and how exactly is this going to happen ..... at least i m clueless.

[BMW7Series]

shashky

[arifraza]

Today open market rate 100 . Very bad

[SANTANIO]

@takko
what are you talking about?
youn need foreign investment. Foreign investment doesnt mean US aid or imf loan.the interest rate and the rupee value is screwing us.
let me tell you.the 60 rate was at the time when the foreign investors were investing in our stocks.all i can see now is just government is printing more and more paper which is just ridiculous.no vision no plan. Soon our currency will be just like that of Zimbabwe where the had 1 million currency note. US doesnt have to take nuclear arsenal from us we will have to sell it to make ends meet.
i know most of you will come down hard on me but i seriously think musharafs government in those first 2 or 3 years was pretty good but then he got into politics.

[mohtashimiqbal]

@ santonio

Musharraf got lucky , because he was able to get the 7.5 billion dollars from the david camp , right into the country's account .

This could have brought down the dollar sufficiently , even below the 45 Rs mark ,

But he decided to play things the other way ,
He too printed more money , and increased the circulation of money in the country , as a result economic boom came and people got happy with his economic system . While the exchange rate benefit we could get got leveled out .

But this was a smart move , as a lowered dollar hurts the exporters and encourages importers .

So no objection to this specific decision of Musharraf.
( While other issues aside)

There is only and only one way to bring the inflation down , and that is to restrict the flow of money .

And this government is doing exactly the opposite ,
And this is why we are getting hit by a double blade sword.

[hash4u]

what was dollar rate when this goven came?

[mohtashimiqbal]

@hash4u

it was 66 Rs

[faizandawood007]

Zardari sahab her cheez 100+ ker k jain ***

[sial_ali]

is kamyabi par Saddar sahab ko mein salaam paissh karta huun

jiye bhutto

[Xulfiqar]

there is another snake in this basket of problems, most money is changing hands without taxation. What do you expect a countrys "MEAT AND POTATOES" are?