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( 168 posts )

[1185 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?

    805 days ago In Where to Buy
    Post Answer
    Inamullah Kh..
    (97 posts)
    The PTI blind supports still dream of a cycle going PM in Pakistan who will be punishing the corrupts. Who will start from his own home first. Who will make Aleema khan an example for others. Who will first pick their allies and the biggest daakoo of punjab and demand him resignation to avoid any possible influence on their cases (remember that was the high moral ground he was demanding from NS). In Naya Pakistan, the Clean PM will treat powerful and less powerful on equal grounds.

    But please wake up.
      730 days ago 

      (465 posts)
      @ Inamullah Khan sahib:

      One KAFIR BABA JI, Albert Schweitzer says:


      We all are aware of his past performance in various great organisations which immi founded in his career......

      Structural reforms take a long time to be fruitful and visible...... we are too emotional nation and want result over night.....

      It is what it is.....
        730 days ago 

        (726 posts)
        I personally believe that Rs. Will get stronger in coming few days .... Although does not sound technically correct.

        But this is my believe and guess too :)
          728 days ago 

          (142 posts)
          Is a strong rupee or a weak rupee good for the economy?
            728 days ago 

            (2040 posts)
            Unfortunately, the only possibility for a stronger PKR, if that ever happens will be artificial as on last PKR depreciation, govt. has made it mandatory for the State Bank to consult the Govt. before adjusting Forex rates (bye bye to the autonomy of institutes as was promised during and before the election campaign). Don't be surprised if we see same tactics employed by Dar to drag USD to 98 by borrowing USDs and when the borrowed USDs burnt off PKR got murdered in a few months time... Saudi & UAE loan comes at a price of +3% and 2.8% per annum.

            Weaker/Undervalued PKR or currency only becomes useful when exports are increasing as is the case with China. On export fronts we are also loosing as exports have been dropped in last 6 odd months.
              727 days ago 

              (874 posts)
              Some local baba ji has predicted dollar going to hit 175 mark. You can reject this prediction, but I would keep all my options open.
                727 days ago 

                Rauf Khan
                (111 posts)
                Pakistan is living beyond its means pure and simple. The massive foreign debt is going to haunt any future government since even debt servicing will be difficult unless exports/remittances are boosted.
                  727 days ago 

                  (2040 posts)
                  USD hitting the 140+ mark and seems to be progressing before the budget times...
                    668 days ago 

                    (460 posts)
                    Usd rising any further will be a disaster for us as far as inflation is concerned
                      668 days ago 

                      (2040 posts)
                      Unfortunately, 150 Mark may not be too distant. Any intake from IMF will lead to the Devaluation as IMF has been insistent on a free float of PKR that settles somehwere around 145 to 150 mark.
                        667 days ago 

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