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Investor
( 168 posts )

[1332 Replies]
Pakistani rupee value is doing a nose dive and currency value has depreciated 30% compared to british pounds since 2017.

I bought 2 plots back in 2015 in bahria town. Even though the price of plots have gone up by 10% each year, the value of currency however depreciated and the investment is completely worthless.

Anyone seeing anything positive coming out of pakistan's economy in the next few years?

    952 days ago In Where to Buy
    Post Answer
    Ammar Khan
    (258 posts)
    Imran sb, PMLN is not punished because they have refused to bow down infact they are ready to do it now but they are being punished for their stupidity. There is a reason they are known as Patwaris (not the Nelson Mandella) :) The problems in our system are very old and they take due time to get resolved. There is a reason NS is not facing cases here in Pakistan because they know they have so many things to hide. These paper tigers can’t even eye contact with that group you are referring to.

    Another issue of our nation is we consider that person as most incompetent who is not corrupt.
      61 days ago 

      Imtiaz
      (2438 posts)
      Imran brother,

      agreed to your last point. The folks, here on forum, all over social media, and in this qoum are (1) Either Too Afraid, (2) Too Naive to call wrong as Wrong. Unless such model fixed, fast forward another 70+ years and it will be a bigger mess.


      Ammar sb,

      its an unfortunate fact that in a Nation full of Jiyalay, Patwari, Youthiay and so on are not gonna get to the point where we even think of Nelson Mandel.

      I would respectfully disagree, not to defend any power corrupt people but for the sake of setting the record straight. Can you please share the number or percentages of PML-N folks out. Except for NS and Dar a party with tens of former Ministers and Law Makers are all in PAK and being persecuted since 2018. Even district-level or social media representatives are being called into NAB/FIA daily basis. Any substantial evidence? Any recovery?

      I am sure, you will be well aware of the judge that on record confessed that he was blackmailed via a private video for the verdict. When you are being persecuted, you have the right to play the game the way rules are set.

      Now compare that with mega scandals regarding Party Funding, BRT, Billion Tsunami, Malam Jabba, Helicopter reference etc. Did NAB, to date issued a single reference let alone.

      Willing to Bow Down and you will get the Throne Tomorrow!
        61 days ago 

        Asad Cheema
        (26 posts)
        @Imran A.



        The difference between US/China and Pakistan manipulating national currencies is that US and China have megaeconomies which are well-developed... They have an extraordinary amount of resources so they can afford to tinker with their exchange rates. Ishaq Dar was thinking Pakistan could afford to do the same but he totally underestimated our economy's potential and the fact that we clearly did not have the economic development nor the tax collection required to sustain manipulation of PKR. Honestly speaking, Pakistan has never had a good finance minister but certainly Ishaq Dar is one of the worst.
          61 days ago 

          Imtiaz
          (2438 posts)
          Dar expertise are that of a Book Keeper. Those Expertise can help manage left and right of accounts but Economic Management is a Far Complex Equation to Manage and that needs only a visionary and we don't like such visionary whether that's PP, PML, PTI or the dictator guy.

          The core to PRC's intentional devaluation of Yuan is increased exports! Expanding into European/American Markets, More Stuff, Less Bucks is what helped PRC to capture those markets and pushed almost all competitors out in general and low tech stuff.

          Having said that, personal bias can be one thing, data and rationale is another thing that doesn't care about individual's likes dislikes it reflects as things are.

          Pick the Fin. Minister of your choice from 2000s and compare that to Dar from 2013 - 2017 (GDP, Inflation, Infrastructure, Development etc.)

          Where is the competition? Umer and Shaikh booted out in half the tenure, nose driving GDP. Dar is no less of a Moron but the guy had the spine to hang-on and lift GDP five years on from 3.6 to 5.6
            61 days ago 

            Asad Cheema
            (26 posts)
            @imtiaz



            Ishaq Dar was only looking for short-term gains so PMLN could remain popular and win re-election. Ishaq Dar did a massive amount of damage to our economy in the long run and now PTI is dealing with the mess Ishaq Dar left behind... I am not a fan of PTI but they are doing making some good, strategic and long-term economic decisions. If Ishaq Dar was still our FM, we would be getting bailed out right now.
              61 days ago 

              Imtiaz
              (2438 posts)
              Asad sb, I think it would be enlightening and I sincerely look forward to read through and get to know more about the *facts/data/numbers that synchronize with the statements*.

              Else they just read subjective, lacking substance, reflecting more of a personal view.

              One of the core and most genuine indicators of economic growth, verified independently by the likes of IMF/WB is GDP. In economies that work in a global context, you cant fabricate something years on.

              Besides, I never got the idea, why Tareen, Shaikh who are blamed (from PP economic mess) are brought in to fix the same. You don't ask to fix the same guy who, as per ones claim broke that at the first place.

              Umer was hailed as the best economic brain of PTI but couldn't last even 1 year!

              Why the long-term, strategically beneficial economy is shooting for the heads of those that are working since day 1 to make it *strategic*?
                61 days ago 

                Inamullah Kh..
                (114 posts)
                This is such a joke that dar created artifical growth in gdp. He had only controlled dollar but that was in acceptable range and it is done everywhere in the world. But why we forget the plus sides of that range bound controll. Can any investor or business ever think of any business plan when currency continuously devalues upto the level of 45% in just 1 year?
                  60 days ago 

                  Inamullah Kh..
                  (114 posts)
                  For a fair credit, just see some undeniable facts.



                  -Receiving GDP at 3.0 in 2013 and then taking to 5.8, a dream now.

                  -Inflation getting in 2 digits and bringing down to 2% or 3%.

                  - Load sheding of 12-20 hours to zero and surplus.

                  - Solving gas shortage. People forgot the lines before CNG.

                  - No scandal like we see now a days of sugar, petrol, medicine.

                  - The most transparent auction of 3G/4G
                    59 days ago 

                    Imtiaz
                    (2438 posts)
                    Inamullah sb, unfortunately in cult following data/facts/numerics are taken as an offense ...

                    'Khan sahab agar mulk tabah ker rahay hain tu mujhay Khan par poora bharoosa hai thek hi ker raha hoga' (situation these days)

                    As far as the guy himself, morally he is a gonner long ago. Technically, he will not until he licks back all that he used to spit out on others while in container mode!!
                      59 days ago 

                      Imran A.
                      (130 posts)
                      It all comes to GDP growth. Once GDP expands, loan to gdp ratio automatically decreases. ISHAQ Dar mastered that art and economy was growing at 5.8%.

                      Imran Khan and his sponsors had a well crafted plan to takeover, which they did flawlessly, but they had ZERO plan to manage the economic fallouts of such political shocks.

                      Now even after record loan taking, after record debt relief recieved due to corona, record financial support from China, Middle East and others; they are still unable to manage and grow.

                      Very self centered individuals who thinks their plan is the ultimate plan which must be adopted by 20 crore people, even if this plan throws Pakistan down the fire lane for good!

                      How do you reason with someone like this.......

                        59 days ago 

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