PSX down -650 points and PKR hit the lowest ever in history against dollar.

[Doom1111]

PSX down -650 points and PKR hit the lowest ever in history against dollar.

For the first time dollar is being bought on 170.80 and selling on 171.80 means that People are running and rushing to purchase dollar and zero confidence on PKR now since 5 months it is like going like default currency or mush worse.

Telegraphic Transfer

Telegraphic Transfer and Money Transfer services at Link Currency Exchange in Lahore Pakistan. Money Exchanger & Transfer services with Money & 1 USD dollar to PKR Foreign currency Exchange Rates

www.linkexchange.com.pk

Pakistan Stock Exchange Limited -

PSX provides a reliable, orderly, liquid and efficient digitized market place where investors can buy and sell listed companies’ common stocks and other securities. For over 60 years, the Exchange has facilitated capital formation, serving a wide spectrum of participants, including individual...

www.psx.com.pk

https://twitter.com/x/status/1442399397288022016

 

[Wake Up Pakistan]

thats ok it should be reversed starting next back

 

[Doom1111]

thats ok it should be reversed starting next back

It will not. Market is in shock due to CAD, PKR devaluation, Tarin dull and import growth based on car sales, Chinese people are no interested in investing in Pakistan until PTI government.

No clear goal, and the budget was only depended on car sales growth, which is the reason why market will nose dive until PKR recover massively, CAD gets much much lower, export increase and import decrease, which is not likely to happen.

 

[AZ1]

PSX down -650 points and PKR hit the lowest ever in history against dollar.

For the first time dollar is being bought on 170.80 and selling on 171.80 means that People are running and rushing to purchase dollar and zero confidence on PKR now since 5 months it is like going like default currency or mush worse.

Telegraphic Transfer

Telegraphic Transfer and Money Transfer services at Link Currency Exchange in Lahore Pakistan. Money Exchanger & Transfer services with Money & 1 USD dollar to PKR Foreign currency Exchange Rates

www.linkexchange.com.pk

Pakistan Stock Exchange Limited -

PSX provides a reliable, orderly, liquid and efficient digitized market place where investors can buy and sell listed companies’ common stocks and other securities. For over 60 years, the Exchange has facilitated capital formation, serving a wide spectrum of participants, including individual...

www.psx.com.pk

https://twitter.com/x/status/1442399397288022016

not much dollars available to buy and sell.
Infact buying of dollar at this point is risky 171.50 to 171.70 is selling.

Who knows tomorrow it comes back to 165

 

[Wake Up Pakistan]

It will not. Market is in shock due to CAD, PKR devaluation, Tarin dull and import growth based on car sales, Chinese people are no interested in investing in Pakistan until PTI government.

No clear goal, and the budget was only depended on car sales growth, which is the reason why market will nose dive until PKR recover massively, CAD gets much much lower, export increase and import decrease, which is not likely to happen.

Who so mad to buy $$ at this high rates. and you know Rupees will bounce back.
September number will be better than August. and October number will turn the tables.

 

[Tit4Tat]

bad

 

[smartmax1]

PSX down -650 points and PKR hit the lowest ever in history against dollar.

For the first time dollar is being bought on 170.80 and selling on 171.80 means that People are running and rushing to purchase dollar and zero confidence on PKR now since 5 months it is like going like default currency or mush worse.

Telegraphic Transfer

Telegraphic Transfer and Money Transfer services at Link Currency Exchange in Lahore Pakistan. Money Exchanger & Transfer services with Money & 1 USD dollar to PKR Foreign currency Exchange Rates

www.linkexchange.com.pk

Pakistan Stock Exchange Limited -

PSX provides a reliable, orderly, liquid and efficient digitized market place where investors can buy and sell listed companies’ common stocks and other securities. For over 60 years, the Exchange has facilitated capital formation, serving a wide spectrum of participants, including individual...

www.psx.com.pk

https://twitter.com/x/status/1442399397288022016

HAHAHAHAHAHA,
TUM DOLLAR , STOCK EXCHANGE, RUPEES KO CHAKAR MEIN HI MAR JAO GAYE.
INNA LILAHI WA INNA ELAHE RAJAEON

 

[Pakistan Space Agency]

Incompetent Pakistan Tehrik-e-Insaf's crash and burn policy continues.

 

[AZ1]

Incompetent Pakistan Tehrik-e-Insaf's crash and burn policy continues.

Look the competent left $18 billion deficit and $92 billion of loan.

Pmln ke supporter bhi chawal hai

 

[Wake Up Pakistan]

Incompetent Pakistan Tehrik-e-Insaf's crash and burn policy continues.

چچا راکٹ کبھی زندگی میں حساب پڑھا ہے

 

[Pakistan Space Agency]

Look the competent left $18 billion deficit and $92 billion of loan. ...

I don't think the economy was crashing and burning during the PML-N tenure despite the deficit and debt you pointed out. But the economy is definitely crashing and burning during the PTI tenure due to deficit and debt.

Why? Obviously because PTI Government is incompetent. Has no clue or experience in running a third world, under-developed country.

How can Pakistan progress when the incompetent PM Imran Khan is too busy preaching Life in Scandanavia rather than concentrating on realities in Pakistan.

 

[Masud Rajaa]

Amrika se pangey lo ge , phir ye tu hoga

 

[AZ1]

I don't think the economy was crashing and burning during the PML-N tenure despite the deficit and debt you pointed out. But the economy is definitely crashing and burning during the PTI tenure due to deficit and debt.

Why? Obviously because PTI Government is incompetent. Has no clue or experience in running a third world, under-developed country.

How can Pakistan progress when the incompetent PM Imran Khan is too busy preaching Life in Scandanavia rather than concentrating on realities in Pakistan.

go to website psx and check stats 5 years and let me know. In 2019-2020 stock market went to 28,000 and now its stand at 44,000 now. Few ups ans down happens in every stock market every day.

after 3pm it started ro recover. tomorrow will be new day with new stats.

Question you ask yourself how pamistam can progress having $92 billion of loan left by nawaz

 

[Pakistan Space Agency]

go to website psx and check stats 5 years and let me know. In 2019-2020 stock market went to 28,000 and now its stand at 44,000 now. ...

My brother, you can check the same website and see that for 24 May 2017, KSE was at record breaking 52,876.46 points.

... Question you ask yourself how pamistam can progress having $92 billion of loan left by nawaz

The same way PML-N Government inherited an external debt of $53.4 billion (end June 2013) and put the economy on the path to growth overcoming 18 hours of daily load shedding and winning a $62 billion CPEC investment.

Not to also forget, Pakistan's debt had been frozen in December 2001 with a 5-year and 15-year grace period respectively.

Rescheduling of the debt of Pakistan: Paris Club - 13 December 2001

Who was going to pay for this external debt when the grace period ended in 2017? Pakistan Army which had negotiated this?

Incompetent PTI Government needs to stop moaning and whinning about deficit and debt and put the economy on the path to growth instead of regression.

 

[Doom1111]

Look the competent left $18 billion deficit and $92 billion of loan.

Pmln ke supporter bhi chawal hai

On serious on note people who say PMLN left 92 billion dollar deficit is totally wrong. They left 36 billion dollar deficit as 92 billion dollar was all total.

Right now total debt of Pakistan is 122 billion dollar, which means that PTI added 30 billion deficit in just 3.2 years.

Coming to CAD

PMLN 5 years CAD

1) 2.3 billion dollar CAD in 2014

2) 2.5 billion dollar CAD in 2015

3) 4.6 billion dollar CAD 2016

4) 13.5 billion dollar CAD 2017

5) 19.5 billion dollar CAD in 2018


PTI CAD in 3.2 years and expected

1) 13.5 billion dollar CAD in 2019

2) 4.4 billion collar in 2020

3) 1.8 billion dollar CAD in 2021

4) 2.3 billion CAD in just 2 months and faster than PMLN


PSX value in PMLN was over 100 billion dollar and market was at 53K

Right in PTI era PSX is downgraded and market value less than 40 billion dollar.


In short, except market base exchange rate PTI zero progress in exports and did nothing to reduce imports, which is the reason why Shaukat Tarin entire growth depends on cars sale, which can be done 1000s better by PMLN or PPP.


That is what happens when make excuses and put all the blame on others.


One more thing as finance guys that people who talk PTI had to pay 19 billion dollar CAD is totally BS as our system is cash carry, which means that 19 CAD of 2018 was over in June 30th.



Just think PTI also made Chinese investor annoyed and it took 3 years PTI to admit that yes we made CPEC very slow.


Even look at FDI in these 2 months, which is less than 200 million dollar.


PTI did the biggest blunder by pausing IMF program and now IMF condition will more hard than June 2021 and we will have to swallow that PTI due to incompetence.

What PTI also did a disaster is that they forced negative interest rate, which created a artificial demand just like PMLN.

If you look at entire situation than PPP is best among them because 2010-2011 was the highest inflation ever and still PPP managed far better in terms of external finance performance only and they never forced negative interest rate.

 

[AZ1]

On serious on note people who say PMLN left 92 billion dollar deficit is totally wrong. They left 36 billion dollar deficit as 92 billion dollar was all total.

Right now total debt of Pakistan is 122 billion dollar, which means that PTI added 30 billion deficit in just 3.2 years.

Coming to CAD

PMLN 5 years CAD

1) 2.3 billion dollar CAD in 2014

2) 2.5 billion dollar CAD in 2015

3) 4.6 billion dollar CAD 2016

4) 13.5 billion dollar CAD 2017

5) 19.5 billion dollar CAD in 2018


PTI CAD in 3.2 years and expected

1) 13.5 billion dollar CAD in 2019

2) 4.4 billion collar in 2020

3) 1.8 billion dollar CAD in 2021

4) 2.3 billion CAD in just 2 months and faster than PMLN


PSX value in PMLN was over 100 billion dollar and market was at 53K

Right in PTI era PSX is downgraded and market value less than 40 billion dollar.


In short, except market base exchange rate PTI zero progress in exports and did nothing to reduce imports, which is the reason why Shaukat Tarin entire growth depends on cars sale, which can be done 1000s better by PMLN or PPP.


That is what happens when make excuses and put all the blame on others.


One more thing as finance guys that people who talk PTI had to pay 19 billion dollar CAD is totally BS as our system is cash carry, which means that 19 CAD of 2018 was over in June 30th.



Just think PTI also made Chinese investor annoyed and it took 3 years PTI to admit that yes we made CPEC very slow.


Even look at FDI in these 2 months, which is less than 200 million dollar.


PTI did the biggest blunder by pausing IMF program and now IMF condition will more hard than June 2021 and we will have to swallow that PTI due to incompetence.

What PTI also did a disaster is that they forced negative interest rate, which created a artificial demand just like PMLN.

If you look at entire situation than PPP is best among them because 2010-2011 was the highest inflation ever and still PPP managed far better in terms of external finance performance only and they never forced negative interest rate.

When pmln left stock market decline to 44,000 and kept on decline. Cad increase to $18 billion.

Will see when pti leaving

 

[Doom1111]

When pmln left stock market decline to 44,000 and kept on decline. Cad increase to $18 billion.

Will see when pti leaving

Sir in 2017 stock market was 53000 and when SC disqualified NZ, which was right on facts than stock market nose dived.

in 2017 Pakistan stock exchange value was more than 100 billion dollar

Now it is less than 40 billion dollar. Points matters zero as i said and it's value against dollar matters to get upgraded or downgraded.

By your comparison Iran stock exchange is the world best stock exchange.

 

[AZ1]

Sir in 2017 stock market was 53000 and when SC disqualified NZ, which was right on facts than stock market nose dived.

in 2017 Pakistan stock exchange value was more than 100 billion dollar

Now it is less than 40 billion dollar. Points matters zero as i said and it's value against dollar matters to get upgraded or downgraded.

By your comparison Iran stock exchange is the world best stock exchange.

Yeah and cpec dollars were coming too that time. So you saying nawaz sharid hold the economy in his hand of pakistan? then Uk should hire him