Will Rupee Devalue Further? Economic roller coaster

[helper_learner]

ruling on Interest

Hi @crema,

Calm down bro.... you are just ready to fight with air, if we say it is mod or senior pakwheeler 's action....

[VCheng]

There are reports of exchange rates of 192 PKR to the USD in the open market this week.

[muhammadadeel96]

Interbank 187.1 today till 11am...

[muhammadadeel96]

Yes without biometric. It's as high as 194 today in open market..

[muhammadadeel96]

With Petrol going to go up soon to 200 rs / L , uncertain times ahead. Gold is at an all time high atm so buying of it is out of question. Inflation is currently at 12.7 % , with expected rise post ramzan.

[Nabs]

Interbank 189 rs. Damn, its rising fast now.

[hussain182]

Lets hope it settles at 200.

Otherwise things not looking good at all.

[capsat]

at 7.30 PM fate of country will be decided.

at PKRs.193.00 for US$1 there was no US dollar available anywhere, the best part is State Bank Revised the interest rate at 12.25% at close of business today.

[VCheng]

Relax, the country will be just fine, whatever the decision. Everything is going according to plan, with the desired results always achieved.

[capsat]

lets' wait for new flood of hue & cry about vehicle price next hike by April 20 2022.

Country will remain in clutches of 'The Invisible'

[VCheng]

What good is any hue and cry when the numbers of vehicles sold keep on rising?

[capsat]

Very true am expecting ALTO 660 for 2.6 mil before June 30 2022

[VCheng]

So what? Whatever the number, it is either affordable or not. As long as all units sell, the price is affordable for the buyers, no matter what they say. It is what they do that is always more important.

[helper_learner]

[VCheng]

Lets hope it settles at 200.

Otherwise things not looking good at all.

Hope does not achieve much in economics. As long as Pakistan consumes more than it produces, the value of its currency will remain on a steady decline, 200 and beyond, as determined by its productivity, or the lack thereof.

[helper_learner]

Only strong policies can stop it going further....

Just like the one enforced in China... when it was at its decline...

[Xulfiqar]

dont forget the sales of luxury items skyrocketing too.

Then we read the word "inflation" and wonder wtf happened to the dictionary in Pakistan?

[Xulfiqar]

if hope was to solve economics, then its teachers would be "peer baba" type rather than scholastic merit types.

[VCheng]

Obviously, in Pakistan the people are rich, and claim to be poor. It is only the government that is poor, but spends like a drunken sailor on shore leave.

[Xulfiqar]

Oh yes, the Pakistani population is several hundred magnitudes more wealthy than the treasury.

btw - have a gander at any restaurant and food delivery business in any city in Pakistan and then decide if inflation is affecting anyone at all. After price hikes there is absolutely no decrease in sales, infact in some parts it has increased.

even just general groceries have also not thinned down as we expect to see.