Simple Step to control Dollar exchange rate

moji538

Politcal Worker (100+ posts)
I am proposing following action which can have quick effect on dollar rising exchange rate.

  • Only Non Residents should have Dollar accounts in Pakistan banks. Banks already have status of any citizen status (Resident or Non Resident) Non resident are Pakistanis having NICOP and staying abroad for Work, Study or permanent settlement. State Bank should give a deadline to close Dollar Bank accounts of local residents in Pakistan. If they need to send dollars abroad for any reason, they can do it by PKR accounts or Western Union
I am sure this action can affect exchange rate by 10-15 rupees immediately.
 

islamabadi

Minister (2k+ posts)
I am proposing following action which can have quick effect on dollar rising exchange rate.

  • Only Non Residents should have Dollar accounts in Pakistan banks. Banks already have status of any citizen status (Resident or Non Resident) Non resident are Pakistanis having NICOP and staying abroad for Work, Study or permanent settlement. State Bank should give a deadline to close Dollar Bank accounts of local residents in Pakistan. If they need to send dollars abroad for any reason, they can do it by PKR accounts or Western Union
I am sure this action can affect exchange rate by 10-15 rupees immediately.
What about the dollars kept under mattresses? Confiscate them? under which law? No country in the world bans people from holding forex but you genius are gng to make Paksitan the first one so that more panic is created and the blackmarket value goes even higher? In UAE anyone can come and go with up to 30,000$ ....you can open forex accounts...that is how FREE economies operate and that is why that tiny countries economy is bigger than ours....the UAE passport is the most powerful passport in the world now.....they msut have done something right
 

ejazahmad88

MPA (400+ posts)
I am proposing following action which can have quick effect on dollar rising exchange rate.

  • Only Non Residents should have Dollar accounts in Pakistan banks. Banks already have status of any citizen status (Resident or Non Resident) Non resident are Pakistanis having NICOP and staying abroad for Work, Study or permanent settlement. State Bank should give a deadline to close Dollar Bank accounts of local residents in Pakistan. If they need to send dollars abroad for any reason, they can do it by PKR accounts or Western Union
I am sure this action can affect exchange rate by 10-15 rupees immediately.
Bhai Jan ap itna na sochain tur apni education par dehan dain. Jin ka kaam hai un ko karnay dain. Apki suggestion theek nahi hai. Kyun theek nahi is kay liyai apko aik businessman aur exporter ya importer hona zaroori hai.
 

stranger

Chief Minister (5k+ posts)
I am proposing following action which can have quick effect on dollar rising exchange rate.

  • Only Non Residents should have Dollar accounts in Pakistan banks. Banks already have status of any citizen status (Resident or Non Resident) Non resident are Pakistanis having NICOP and staying abroad for Work, Study or permanent settlement. State Bank should give a deadline to close Dollar Bank accounts of local residents in Pakistan. If they need to send dollars abroad for any reason, they can do it by PKR accounts or Western Union
I am sure this action can affect exchange rate by 10-15 rupees immediately.


People will start hiding dollars at home and then we will have a bigger black money economy. This is not a good idea in my point of view. We should focus on the actual problem rather than curing the effects of a disease.
 

Cape Kahloon

Chief Minister (5k+ posts)
Srif ek he hall ha dollar mafia ko control kernay ka.
Tum banks ko money exchange ke ijat hu oor money exchange srif banks kay zariay
He Hu.
Private money exchangers ko Kuch arasay kay leay band ker deya jay ya limited amount ke ijazat hu.
 

mhafeez

Chief Minister (5k+ posts)
I am proposing following action which can have quick effect on dollar rising exchange rate.

  • Only Non Residents should have Dollar accounts in Pakistan banks. Banks already have status of any citizen status (Resident or Non Resident) Non resident are Pakistanis having NICOP and staying abroad for Work, Study or permanent settlement. State Bank should give a deadline to close Dollar Bank accounts of local residents in Pakistan. If they need to send dollars abroad for any reason, they can do it by PKR accounts or Western Union
I am sure this action can affect exchange rate by 10-15 rupees immediately.

نواز شریف نے ایٹمی دھماکوں کے بعد لگنی والی پابندیوں سے نمٹنے کیلئے تمام فارن کرنسی اکاونٹ فریز کردئے تھے ، وہ ایک نہایت ہی برا اقدام تھا اور اس کا پاکستان کی اکانومی پر نہایت برا اثر پڑا تھا ، آپ بھی کچھ ویسا ہی تجویز کررہے ہیں
 

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