Rupee may hit 100 mark against dollar - DAWN NEWS

[islamabadi6]

Are you talking about interest

No im talking about return on Pakistani equities....I have made 20% in the last 4 months...Annualized rate of return about 60%...

Instead of telling everyone to dump dollars and put faith in the Pakistani rupee, you have this idiot come here and encourage the dollarization of the economy...what can you expect from a freaking ex-Pakistani

 

[kaka1]

 

[AsifAmeer]

So ur telling me that since I informed the ppl of the looming crisis six months ago, I am responsible for this?

Mate, I got a sad news for ya.. Abhi to show shuru bhi nahi huwa.. Look at this

You see that? Thats $6.27 BILLION... due in 1 year.. This is counted against the reserves held by State Bank which at the moment is $8.5billion. Do the math..

You may wanna go to the State Bank of Pakistan with a gun or something instead of blaming me..

When idiots like you come here and encourage the dollarization of the economy as you have in your previous foolish posts....this is bound to happen....however there are people out there who know how to beat the system and get a return of 4 to 5% on Pak rupee holdings in a month...

 

[AsifAmeer]

dollarization? Atleast be genuine when accusing someone..

http://blogs.thenews.com.pk/blogs/2011/12/we-make-it-the-‘mighty’-dollar/

No im talking about return on Pakistani equities....I have made 20% in the last 4 months...Annualized rate of return about 60%...

Instead of telling everyone to dump dollars and put faith in the Pakistani rupee, you have this idiot come here and encourage the dollarization of the economy...what can you expect from a freaking ex-Pakistani

 

[aneeskhan]

All are Fruits of 2007 Movement for our beloved Iftikhar Chaudry and his colleagues
Gen Kiyani+Zardari+Nawaz+TTP+Jamat e Islami ,if they win for another 5 years
They will make 200 inshahallah ,Allah Iss Qiyadat Ko Mehfooz rakhey.
Riasat Somalia Maan Jaisy Hogii-Chief Terey Jan Nisar Hazar Arsalan Arsalan

 

[islamabadi6]

dollarization? Atleast be genuine when accusing someone..

http://blogs.thenews.com.pk/blogs/2011/12/we-make-it-the-%E2%80%98mighty%E2%80%99-dollar/

You have not exactly come here and told people to hold on to their rupees. You have painted a doomsday picture of our currency since the past year and then you act innocent and act as if you didn't encourage the dollarization? Now I know people who buy US dollars from the open market the day they receive their salaries each month. There are millions of people doing that hiding their foreign currencies under their pillows. These people still loose about 1 to 2% in actual value because of inflationary depreciation in their currencies. The rupee lost 9 to 10% or so of its value against the dollar in 2012 and these pea brains are content with their perceived 10% gain. However anyone bought shares of United Bank UBL or Attock refinery saw the value of their investment appreciate by 30 to 40% during 2012, far outperforming the perceived gain from appreciation of their foreign currencies

My message....stop listening to foreign doomsday predictors. Invest in paksitan and Pakistani companies...

 

[AsifAmeer]

1. Just because I share a pessimistic view of the PKR, doesnt imply I support the dollar.
2. Those hoarding dollar are not affected by Pakistan inflation. Oil, gold and other commodities have played sideways during during 2012.
3. What understanding do you have of risk aversion? The risk is accumulating in Pakistan's financial sector. Sure you made 40% but at what risk level? This is the conversations I would have with folks back in 2006 in the US REIT and banking sector. Sure the stocks are doing well but their risks are increasing faster.

Plus, is your alliegence to a national govt and its issued currency or the well being of the people who live around you?

You have not exactly come here and told people to hold on to their rupees. You have painted a doomsday picture of our currency since the past year and then you act innocent and act as if you didn't encourage the dollarization? Now I know people who buy US dollars from the open market the day they receive their salaries each month. There are millions of people doing that hiding their foreign currencies under their pillows. These people still loose about 1 to 2% in actual value because of inflationary depreciation in their currencies. The rupee lost 9 to 10% or so of its value against the dollar in 2012 and these pea brains are content with their perceived 10% gain. However anyone bought shares of United Bank UBL or Attock refinery saw the value of their investment appreciate by 30 to 40% during 2012, far outperforming the perceived gain from appreciation of their foreign currencies

My message....stop listening to foreign doomsday predictors. Invest in paksitan and Pakistani companies...

 

[Omrkhan]

http://tribune.com.pk/story/481348/...ign-currencies-worth-12m-funnelled-out-daily/

Instead of opening a new thread I think it's relevant to this thread.

I am wondering where was this whiz kid a year ago when our currency was dep. They can't arrest fall of PKR unless they flood market with dollars.

 

[Omrkhan]

http://dawn.com/2012/12/18/pentagon-notifies-congress-of-reimbursing-688-million-to-pakistan/

Regarding flooding, Pak might get much needed CSF funds.

 

[Rizwan2009]

جب تک پيپلز پارٹي مسلم ليگ اے اين پي ايم کيو ايم اور موجودہ بيوروکريسي چور عدليہ اور فوج رہے گي پاکستان ميں کوئي خير نہ آئے گي

 

[Omrkhan]

http://www.brecorder.com/editorials/0:/1270322:missing-the-point-altogether/
SBP did dumped some dollars in market.