Will Rupee Devalue Further? Economic roller coaster

[syeddanishanwar]

Either the State Bank autonomy comes into effect or not a high surge will push exchange rate to 175+ before the next budget and to 190+ before 3rd qtr of 2021

It seems you have answered my query. Great Insights!

[OgRe1985]

I doubt that dollar will cross 155 in near future at least not in a year. Infact it can even lower to 148-150.

[syeddanishanwar]

bt that dollar will cross 155 i

You are right. I think rupees may devalue near or after the next election.

[PKTUN]

wait till Budget recommendations are queried from country wide associations.
at present it appears that sitting govt will be in very tight corner for budget planning as well as approval from both houses.

in expat circles it is hot news that IK is on verge of dissolving houses in near future. it was only intervention from RWP & AABPARA which put him on back foot.

coalition partners are blackmailing for more chunk while The King Maker JKT has taken bull by horn.

[HellsGuardian]

aren't such "hot news" always been there?

[automakerz]

Pakistan Autos: Strong Mar’21 signals back to normal

• PAMA reported Mar’21 total automobile industry sales of 26,919 units (+27%MoM/+164% YoY), indicating demand comfortably trouncing even pre-COVID levels and reverting to levels not seen since April’18. This upturn was led by Passenger Car sales (17,105 units, +26%MoM/+195%YoY), LCV/Pickup sales picking up to 3,708 units (+29%MoM/+229%YoY), and Truck sales bouncing back with 508 units (102%MoM/70%YoY).
• The automotive industry realized 9MFY21 cumulative sales of 174,848 vehicles (+40%YoY) encompassing 112,244 Passenger Cars (+32%YoY), 22,474 LCVs & Pickups (+72%YoY), and 36,926 Tractors (+57%YoY), indicative of automakers capitalizing on changing operational landscape.
• Segment wise sales showcased broad based uptrend in sales, led by 1,300CC+ premium vehicle segment (8,447 units in Mar’21 +38%MoM/+141%YoY), 800CC- segment (5,762 units +12%MoM/+351%YoY), and the 1000CC+ segment sustaining growth (2,896 units 26%MoM/+184%YoY) for the month, tilting segment-wise composition to the premium segment (1300CC+/1000CC/800CC composition at 49%/17%/34% for Mar’21 vs. 45%/17%/38% during the preceding month.
• Amongst major OEMs, monthly uptick was evident across the board with INDU having a particularly strong month (6,695 units sold, +53%MoM/+1.58xYoY) followed by HCAR (3,153 vehicles sold, +30%MoM/+102%YoY), and PSMC (+14%MoM/280%YoY), with cumulative 9MFY21 sales up 13.2/69/54% YoY for PSMC/INDU/HCAR.

[Nabs]

A little correction downward and people start to panic. Pakistan is still a failed state. On top of that our government is now surrendering to terror groups and considering cutting diplomatic ties with 7th largest economy. This has never happened in Pakistan's history.

Have a little patience. Dollar will cross 200. I am still holding.

[HellsGuardian]

yes quite unfortunate

[OgRe1985]

It will not in short term. Wait for 2023.

[salmanshah1]

Where to invest? 5 million

[Nabs]

Real Estate is best investment in Pakistan. I bought a plot in 2013 in a private society, at that time Ring Road Lahore's southern loop interchange was planned near the society, which was completed in 2017. Now after 8 years, I am constantly getting offers these days which is 500% more than my initial purchase price. But I am not selling as I don't need money and there is still potential for upside because of increasing commercial development and activity in the area.

[HellsGuardian]

MashaAllah!

Real estate is a good long term investment but as with any investment, you cannot invest eyes closed. Do some homework and then give it time. There are cases such as DHA valley where there are still no plots after 12 years.

[Panther]

Bad remarks.....

[capsat]

am highly skeptical about the current financial indicators. Factories with mid level production / Mass producing industries are on down sizing scale. I wonder how the sitting govt is going to manage the 2021-2022 Financial Budget. The KCCI report for Final FY quarter are not very encouraging many members with quarterly tax deposits in 5 digits have dropped to serious 4 digits. Means their productions & revenues also dropped significantly.

members with financial planning background or attachment into economics with keen eye upon Pakistan's financial health may please shed some light, Thank you.

[umairjamil6]

As an armchair economist and self ordained financial officer xpert i can safely say that this budget will be very tight for the government. Low psdp funding, tax targets not achieved, govt employees have been promised a good increase, high losses and booming pension.
However things can get better with strong reforms but the few people who could do that have either left or kicked out so don’t expect any miracles.

[mgalaxy3]

Are there any stock exchange investors or traders here?

If so, do you have any favorite scripts right now for investment at this time.

[Sarkaar]

I think there are lot of other better options to invest...you are doing nothing good to pakistan by converting your money to usd...need is fine...for investment..its unethical to me at least...paper money is a medium of exchange not an investment instrument.

[salmanshah1]

Go for equity mutual funds right now

[mgalaxy3]

Nah not interested in them, trying it directly in equities

[HellsGuardian]

mutual funds return is not that great. I have a mutual fund account with ubl since last 3 years. Right now it is at 15% profit. Considering the depreciation, i don't think it has done much good in 3 years. And don't forget the times where it was in major loss