Will Rupee Devalue Further? Economic roller coaster

[mohammadtalalgill]

Need to take drastic measures, increase in USD, increase in prices, increase in unemployment, increase in poverty. Increase in crimes,

[xenerking]

brother, when imports are expensive, local industries are encouraged creating employment opportunities, we must learn rely upon local resources, and the phase shift over from imported to local is difficult but most vital for long term...

[adnan.shaukat]

expenditure on public transport infrastructure is not considered AYASHI. although Orange train was not needed now , but such are good in long term , If there are 1 Lakh people uses Train in city, it means that there will be at decrease of 20 thousand cars or 50 thousand bikes on road causing a save of less petrol import and less bikes/cars import.

We are not only importing luxuries but necessities ( OIL and Gas) and defense related buyings.

for export, realities and figures of past few months figures are vice versa

Having higher interest rate is always bad for government, because its govt that takes the loan from commercial banks and pays interest. Also higher interest rate means higher inflation.

In summary, If this govt is serious then USD should not go beyond current rate

[adnan.shaukat]

that is ideal situation - but from a Pakistani mindset businessman, it will not happen

[xenerking]

infrastructure is already there....adding another layer....dont know wats the purpsoe.

its like, you already have AC in ur room, and you borrow money from your neighbor and add another AC that it will consume less energy...on the other hand there is no refrigerator in the house....joke!

major oil consumption goes to energy generation!.

last time i saw the stats, it said import decreasing and export increasing...

by interest rate, i meant the rate decided by state bank for loan offered.

higher inflation means common man is going to earn more, while spend same as before on food and other items...so good for him.

i dont find any basis for summary conclusion.

[xenerking]

the mindset is derived from external factors...and its phase change over...wont happen over night..

need to change the mentality.

[adnan.shaukat]

higher inflation means common man is going to earn more, while spend same as before on food and other items...so good for him.

LOL - no more argument - Be Happy with your crow white

[xenerking]

BTW, its just my opinion, and i am always ready to learn..

[adnan.shaukat]

of course - every one here including me to learn some thing. Keeping political affiliations aside , it should be logical discussion

[soka6]

Pakistan main koi electronic manufacture nahi hoti .sari assembling hi hoti ha .assemble hui cheese bhi spare parts sarae Bahar sae atae ha . There is zero advantage in it .

[Xulfiqar]

Its not hard at all, but the systematic dismantling of our education system has made everything very hard to understand, the local man thinks the "gormint" is some holy model that is led by angels and magically provides stuff.

All while they are selling the same local man to loan sharks like IMF. The old adage of "you cannot fix stupid" is very true here.

The successive govts that deregulated foreign currency and gold holding made it a suicide system where the state bank has no regulation on gold reserves or currency going in our out. Couple that with a population that is actually upholding that "paying tax is haraam because saaoodia mein nahi hota" is your perfect storm that is waiting to happen.

and yet still people will be flocking to buy "imported goods" to show off and work on hard cash base only in order to not pay tax.

[VCheng]

The perfect storm is already here and now.

[Xulfiqar]

Its not fully here yet, its the starting gusts only.

[khurem]

Yeah reminds me of a Ghalib's shayr (not the PMLN one) which I read in matric....

"Qarz ki peete thay mai aur samajhtay thay ke haan,
Rung laaygi hamari faaqa masti ek din"

[pwuser153399020936]

Literally, every electronic product you see in Pak has Made in China written onto the box. Hardly anything is locally produced these days. I only see the country falling more deeper into the crisis.

[elxlr]

Exports are high, why? Lemme share my factor as well.
Tuchia bnaya hua hei 2number products waloun ne.
Aik cheez original company 50 ki de rhi ho. Tu pakistan mei fake product launch hogi. Original product ki cooy paste description ke saath aur dukaandar ko munafa dikha kr woh hamein woh 5 rupay wala gand 50 mei baichay ga. Sir yeh try krin. Yeh bhi behtr hei. Etc.
aik tu 50 gyay. Dosra sehat gyi. Teesra har koi ajkal isi mei hei keh jaldi ameer hn. Jaiz haram tareeqay se. Ab chahay woh doctor hn ya medicine companies ya water companies ya TV companies ya koi bhi fake profuct bnanay walay.

Tu jab ya jis din banda conscious ho jaata hei. US ko pagal kuttay ne kaata hei keh pakistani products le ga? 100 rupay ka mobile glass protector 20 rs ki quality wala hota hei. Aur 100 rs ki quality wala 3-400 ka baichtay hen.
Jab keh Aliexpress se 100 rs quality wala 100 rs mei milta hei tu mei q loun ga inki fazool product. Haram ke paisay aur time hei?

Mobile charger lo tu 400-500 kay 3ports fast flana dheengna. Aur kaam aik nhn krti port. Mobile battery ka nuqsan. Paisay ka tume ka. Slow charging. Woh mei 1600 wala charger ANKER company ka le kr sakoon se 3rd year guzzar rha hn. Fast charging and piece of mind.
Aur anker ka hi second hand charger 500 mei le kr use kr rha hn second hand market se. Warna dost ABID hei na repair ke liyay.

Everything is overpriced here man !!! Haram ke paisay kamanay walay tu khulam khula lutatay hen aur prices up hotay jaatay hen aur sood letay jaatay hen.

Doctor clinic pr patients ko loot rha hei companies ke chakroun mei. AUr patients apni shops pr clients ko chahay doctor hi q na ho. Us ko. Overpriced products baich rhay hen. Aur jo jaiz lenay walay hen. Woh piss jata hei.

5000 ka Split AC vibrator (inside room part) nee company deti hei aur lahore mei 2nd hand 7700 ka chipka rhay hen log.

Please learn to know the cost and value of product. Then buy it based on quality not on trust.

Always verify info.

Chinese aaya tha dukandaar ko kaha 10 foot ke 6 steel pipe chahiyein. Shopkeeper said to come next day. Aglay din shopkeeper ne kaha keh kaat diyay hen apka parcel tyar hei. Us chinese ne aik aik pipe measure krwaya phir accept ki deal. Woh 2 minute extra laganay se aagay ki ruswai se bach gya na keh kis ne apko chona lagaya. Ap ne chuna lagnay q diya. Thats ur mistake. Dont make it theirs. Try to bargain.

Bhraas tu bht hei dil mei. Bas aqal waloun ke liyay itna bara ishaara kaafi hei.

[tintin1]

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[VCheng]

The strength of a currency is determined by the economy of the country. Fix the economy and the PKR will offer better value. Currently, Pakistan imports more than twice of what it exports. Hence, the value of the PKR continues to decline.

[Xulfiqar]

Sadly this is a trademark of Pakistani people globally. They are known to dupe you - even working professionally in any field they will try their level best to "game" the system just to not actually work.

[elxlr]

Same goes for other nations as well. Chinese, Zionists, americans , russians, thailand, But less people and more resources. But us. More people less resources.