What did Pakistan got from lowering CAD and building foreign reserves.

[Doom1111]

What did Pakistan got from lowering CAD and building foreign reserves. Only PTI youth can make seriously understand what was all the purpose ,which PTI took 1.8 years of our life and made everyone single person life hell?

What did we get from lower CAD? It is helping zero percent in this situation where PKR has gone to 161.60.

What did we get from building reserve? Absolute zero support for PKR.

What did we get from free market base currency? Only inflation.

Only PTI economics team explain what the hell they did in those 1.8 years and brain eating press conferences.

 

[farooqak]

if none of this was done, Rs would be at 250 now
reducing current acct deficit or having 0 deficit helps countries be self-sufficient in long run
i wish you took economics in college or school because very hard to summarize so many economic factors for you in small forum thread

 

[Hate_Nooras]

What did Pakistan got from lowering CAD and building foreign reserves. Only PTI youth can make seriously understand what was all the purpose ,which PTI took 1.8 years of our life and made everyone single person life hell?

What did we get from lower CAD? It is helping zero percent in this situation where PKR has gone to 161.60.

What did we get from building reserve? Absolute zero support for PKR.

What did we get from free market base currency? Only inflation.

Only PTI economics team explain what the hell they did in those 1.8 years and brain eating press conferences.

Tell me how is the value of currency determined?

 

[Doom1111]

if none of this was done, Rs would be at 250 now
reducing current acct deficit or having 0 deficit helps countries be self-sufficient in long run
i wish you took economics in college or school because very hard to summarize so many economic factors for you in small forum thread

So how is lowering CAD helping us in this crisis?

if we had fix rate than would it be much better that we had a stable currency even if used somewhat our reserve ,which is meant to be used for rather than just number's in free market base currency?

 

[Doom1111]

Tell me how is the value of currency determined?

Value of the currency is determined by reer value. PKR value is 145 ,however, PTI management thought devalue would improve export ,however, it only improved 3% but undervalued 10% of currency. Now export do not matter anymore and PTI wasted Pakistan important 1.8 years.

If dar had been in this 1.8 years than Pakistan currency would have been 10 times more stable than this bullshit.

 

[arafay]

Is this a serious question?

By lowering cad, pakistan got the ability to cover imports for 12 weeks. Plus pakistan also improved its ability to manage foreign debt. Pakistan still has to return US$27 billions over the next 2 years.

 

[Nadir Bashir]

Value of the currency is determined by reer value. PKR value is 145 ,however, PTI management thought devalue would improve export ,however, it only improved 3% but undervalued 10% of currency. Now export do not matter anymore and PTI wasted Pakistan important 1.8 years.

If dar had been in this 1.8 years than Pakistan currency would have been 10 times more stable than this bullshit.

Ok my friend, i think you forgot the basic equation or you do not have the common sense.
To stabilize, you need dollars.

From where these dollars will come to stabilize? If you say, Dar would have been able to stabilize, then there was only one possibility................Dar apni ............. sy dollar paida karta.............

Dollar jumped to 128 in PMLN Time..................

 

[Zaidi Qasim]

انما الاعمال البنیات​

 

[Hate_Nooras]

So how is lowering CAD helping us in this crisis?

if we had fix rate than would it be much better that we had a stable currency even if used somewhat our reserve ,which is meant to be used for rather than just number's in free market base currency?

Can you please answer my simple question- you talk about the value of the rupee but how is it deternined?

 

[Hate_Nooras]

Value of the currency is determined by reer value. PKR value is 145 ,however, PTI management thought devalue would improve export ,however, it only improved 3% but undervalued 10% of currency. Now export do not matter anymore and PTI wasted Pakistan important 1.8 years.

If dar had been in this 1.8 years than Pakistan currency would have been 10 times more stable than this bullshit.

If Dar could do these miracles, why did IK need to go to the IMF? Most of the Noora criticism was not about whether IK was right but it took him too long, but why would he need to go if Munshi was so good?

 

[surfer]

Value of the currency is determined by reer value. PKR value is 145 ,however, PTI management thought devalue would improve export ,however, it only improved 3% but undervalued 10% of currency. Now export do not matter anymore and PTI wasted Pakistan important 1.8 years.

If dar had been in this 1.8 years than Pakistan currency would have been 10 times more stable than this bullshit.

1) How did you determine real value is 145?
2) how do you think Dar was maintain 100 rate? What would eventually happened to the rate if dar could not borrow anymore and don't forget everything he borrowed has to be returned (not by dar but by me and you).

Actually, don't even bother answering....I'm no economist, but even I know when I am talking to someone with less knowledge then me.

 

[farooqak]

So how is lowering CAD helping us in this crisis?

if we had fix rate than would it be much better that we had a stable currency even if used somewhat our reserve ,which is meant to be used for rather than just number's in free market base currency?

This crisis has already ruined economy of so many countries. Trillions lost and such a crisis is first time since world War 2.
Forget Pakistan, big giants will come on their knees very soon.
So if your current account deficit is over, your currency will get strong on earned wealth. If you take loans to keep currency fixed, it is borrowed wealth. You have to return borrowed wealth sooner or later and currency will crash. Future of Pakistan is in increasing exports to 40 billion dlrs and remittance to 25 billion so even if we import upto 55 billion, we have surplus to pay off loans taken by Zardari and NS.
This is unfortunately taking longer time than expected and a lot more effort needed by private sector.

 

[Hate_Nooras]

Value of the currency is determined by reer value. PKR value is 145 ,however, PTI management thought devalue would improve export ,however, it only improved 3% but undervalued 10% of currency. Now export do not matter anymore and PTI wasted Pakistan important 1.8 years.

If dar had been in this 1.8 years than Pakistan currency would have been 10 times more stable than this bullshit.

Why 145? It is determined by the market and if you are willing to pay 145 then see how many takers you have. If Dar had been Finance Minister, we would have gone under. I am not sure why you think the money laundering, arse hole offered except bankruptcy.