Will Rupee Devalue Further? Economic roller coaster

[k-four-nine]

Jee bhai. It's the end of the year and ruppee is not nearly at 200.

Don't get your hopes high. There are still 5 days left!

On a more serious note, IMF didn't allow SBP to devalue the rupee hence it's stable for the time being. Needless to say, it's current stability depends upon IMF's restrictions, otherwise it'd have plunged to 180-200 by now.

Sad yet true!

[capsat]

no it will not depreciate further in 2019 - 2020 1st Quarter

2 trenches of total US$ 450 million have landed in past 21 days plus IMF released 2nd installment of $120 million before going on new year holidays.

[VCheng]

The basic tenets of supply and demand will determine the value in the long run, short term manipulations notwithstanding, as always.

[k-four-nine]

PKR has taken an another plunge today:

[syed.arslan]

I've also heard of that, the cleaning of KHI, esp the coastline. You are well connected..

[TypeA]

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[capsat]

it will stablise again between 158 - 160

the interest rate will also be revised to lower side. Economy will improve inn sha_ALLAH though the Corona virus is a serious Global Threat but we will survive by Grace of Allah.

[HellsGuardian]

How can one be prepared (not asking in terms of medically) if God forbid there is an outbreak in Pakistan?

[k-four-nine]

Economy will improve

I wish I had your optimism, my friend.

the Corona virus is a serious Global Threat but we will survive by Grace of Allah.

Well, the mankind has survived the black plague; which wiped out 1/3rd of European population back in the 14th century! In fact, it put a real dent in global population; which went down from 475 million to ~350 million, as per Wikipedia. That's a reduction of almost 25%! So yes, we will likely survive the Corona as well.

In my personal opinion, plagues (and also conflicts and wars) are just nature's way of restoring the balance. Without the black plague and the two world wars, the global population would have likely surpassed the 20 billion mark in 2020.

We'd have run out of oil by now, in other words!

[HellsGuardian]

This is true but the way world economy works now is different than back in 14th century. Also the mortality rate is not a serious issue, the fast spread and they way world is coming to a halt is! Anyway i think i am derailing the topic now

[VCheng]

Let us all please stay on topic within PW rules. Thanks.

[Xulfiqar]

govts dont matter here,

Nature will take its path - right now the covid19 virus is more powerful than human beings, If they dont listen - just quarantine the entire area locked solid. Genocide is no problem in Pakistan even on larger scale.

examples from history.

karachi massacre 1983
karachi massacre 1993-1999
sialkot boys (whole city killed them and hung their naked bodies for display)

nothing new.. Life goes on

[TypeA]

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[HellsGuardian]

Can we discuss situation of PSX under this thread?

[capsat]

what is PSX newer version of X-BOX Console

[usmanqadeer.education]

Pakistan stock exchange I believe

[TypeA]

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[TypeA]

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[HellsGuardian]

I see you have activities in your mind if a quarantine is called

Yes i meant Stock exchange, for fourth consecutive day, market was halted. We all know the reasons to this but what are your thoughts on it?

I have some savings in mutual fund (70% equity) so thinking to convert them in to commodities or money market.

[capsat]

I have some savings in mutual fund (70% equity) so thinking to convert them in to commodities or money market.

freeze it forget it do not touch such saving till June 30 2020.

whatever you have at the moment use that for day to day requirement. Cut down upon going out eating out. use home kitchen & you tube videos to experiment new items. Stay away ordering food from any joint. Remain indoors keep children safe primary focus shall be staying healthy.

Jaan hai tou jahan hai

remember Kafan mai jayb nai hotee ( kafan is pocketless )

we in Pakistan does not have feet wet idea how severe the issue is.

for my activities. I have registered my name with Indus & AKU as volunteer to work for isolation wards along with doctors and paramedic staff., if the need sprout.

some of you have complained to @HanifBhatti saheb that i avoid shaking hands,

now you know why i avoid shaking hands with strangers. Now it is medical advisory not to shake hands with anyone