US. dollar falls below 98 Pakistani Rupees ... Sheikh Rasheed where is your resignation ?

Shareef

Minister (2k+ posts)
Sheikh Rashid has lost all credibility if he does not resign now as per his promise. He should be condemned by one and all for this lack of conscience and banned from TV talk-shows hereafter.
 

Competent

Minister (2k+ posts)
Re: U.S. dollar falls below 98 Pakistani Rupees ... Sheikh Rasheed where is your resignation ?

What happened anyway Dollar is over 100. Where did you see its 98!
TTP/PTI EXPOSED badly...Look their frustration, Pakistan Rupee ki mazbooti pe jalne marne lagay,bad duayen dene lagay,kosne dene lagay,....in ka kia ho ga kal ko Shaikh sb PMLN mein shamil ho gaye tau, ? My God
 

Will_Bite

Prime Minister (20k+ posts)
Brother what you are saying happens in America (where you live).

This does not happen in Pakistan. In Pakistan, Patrol prices are controlled by government. Prices change at the end of each month. (not every day, unlike U.S of A)

Change in dollar value will impact prices from next month.

Then why do petrol prices go up as soon as they go up in the international market?
Pak oil sector is a mafia, not a business. Last month, when the Pak govt announced a decrease of 2 rupees/ liter in the price of petrol, petrol pumps stopped selling for a whole 2 days. I just got back from Pakistan.
I know that the petrol prices are priced monthly in Pakistan, but here lies the problem. Govt exposes its dual face when on the one hand it tells the public that prices are pegged to the international market, and on the other hand, it continues with the once a month policy.
 

araein

Chief Minister (5k+ posts)
Re: U.S. dollar falls below 98 Pakistani Rupees ... Sheikh Rasheed where is your resignation ?

TTP/PTI EXPOSED badly...Look their frustration, Pakistan Rupee ki mazbooti pe jalne marne lagay,bad duayen dene lagay,kosne dene lagay,....in ka kia ho ga kal ko Shaikh sb PMLN mein shamil ho gaye tau, ? My God
Mubarik Mubarik Mubarik dollar neeechay aaaa gaya hai. Ab yeah betao ke g-a-n-j-o-n ne aisa kon sa kaaaaam kia hai ke dollar neeechay aaaaya hai. Tell me their policy. O aik minute aik minute kia g-a-n-j-o-n ki koi policy hai[hilar][hilar][hilar]
 

janijoker

Minister (2k+ posts)
Re: U.S. dollar falls below 98 Pakistani Rupees ... Sheikh Rasheed where is your resignation ?

NS Government has proved to be successful in their economic policies. All economic indicators are showing positive trends. Dar has succeeded to defeat those elements who were spreading rumerous in forex market included PTI Top leadership who claimed that Dollar will reach to the level of 127 (Asad Umer)....PMLN government has an impression of friendly towards business community so investers are investing. Karachi Stock Market has crossed 27000 bench mark which proves that Pakistan is going to the right direction to become Asian Tiger. Most of the famous economists around the World are predicting strong growth rate of Pakistan economy. GDP growth rate is already 5.5%.Exports has already reached to 18 Billionn in 8 months. Foreign investment is coming to Pakistan.Nawaz Sharif Zinda baad, Jalne waalon ka moo kala
Mubarik Mubarik Mubarik dollar neeechay aaaa gaya hai. Ab yeah betao ke g-a-n-j-o-n ne aisa kon sa kaaaaam kia hai ke dollar neeechay aaaaya hai. Tell me their policy. O aik minute aik minute kia g-a-n-j-o-n ki koi policy hai[hilar][hilar][hilar]
 

araein

Chief Minister (5k+ posts)
Re: U.S. dollar falls below 98 Pakistani Rupees ... Sheikh Rasheed where is your resignation ?

NS Government has proved to be successful in their economic policies. All economic indicators are showing positive trends. Dar has succeeded to defeat those elements who were spreading rumerous in forex market included PTI Top leadership who claimed that Dollar will reach to the level of 127 (Asad Umer)....PMLN government has an impression of friendly towards business community so investers are investing. Karachi Stock Market has crossed 27000 bench mark which proves that Pakistan is going to the right direction to become Asian Tiger. Most of the famous economists around the World are predicting strong growth rate of Pakistan economy. GDP growth rate is already 5.5%.Exports has already reached to 18 Billionn in 8 months. Foreign investment is coming to Pakistan.Nawaz Sharif Zinda baad, Jalne waalon ka moo kala
Is ka matlab hai ke dollar ko 98 per stable rehna chaheay tha to dollar aaaaj 100 tak kuoon chala gaya hai dubara. :)
 

araein

Chief Minister (5k+ posts)
Re: U.S. dollar falls below 98 Pakistani Rupees ... Sheikh Rasheed where is your resignation ?

Is ka matlab hai ke dollar ko 98 per stable rehna chaheay tha to dollar aaaaj 100 tak kuoon chala gaya hai dubara. :)

Aik to yeah g-a-n-j-o-n ke ghulamon ko jab kisi cheeese ka jawab nahin aaaaaaata to galam galoch per uter aaaatey hein. Phir un ki post bhi delete ho jaaaaaati hai. Mera khayal hai ke joker ghulam ki yeah 4th ya 5th post delete huwi hai.
Ok now come to the point:
Is ka matlab hai ke dollar ko 98 per stable rehna chaheay tha to dollar aaaaj 100 tak kuoon chala gaya hai dubara. :)
 

Will_Bite

Prime Minister (20k+ posts)
Re: U.S. dollar falls below 98 Pakistani Rupees ... Sheikh Rasheed where is your resignation ?

NS Government has proved to be successful in their economic policies. All economic indicators are showing positive trends. Dar has succeeded to defeat those elements who were spreading rumerous in forex market included PTI Top leadership who claimed that Dollar will reach to the level of 127 (Asad Umer)....PMLN government has an impression of friendly towards business community so investers are investing. Karachi Stock Market has crossed 27000 bench mark which proves that Pakistan is going to the right direction to become Asian Tiger. Most of the famous economists around the World are predicting strong growth rate of Pakistan economy. GDP growth rate is already 5.5%.Exports has already reached to 18 Billionn in 8 months. Foreign investment is coming to Pakistan.Nawaz Sharif Zinda baad, Jalne waalon ka moo kala

Current government has been in power for 9 months.
$8.5 billion money printed by SBP
$6.3 billion loan from IMF
$10 billion borrowed from private banks to pay off SBP
undisclosed loan from China
$1.5 billion loan from Saudi

So in 9 months, close to $20 billion in liabilities have been added. The money smells good while it lasts. But This money has to be paid back genius, and the payback tenure starts next year. Good luck with 'successful economic policies' at that point.

As for the KSE hitting the 27000 benchmark, that is on the heels of black monmey being pumped in in unprecedented amounts. Remember the tax amnesty and 'no-declaration required' policy for overseas investors?

And dollar is back above 100 rupees.
 

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