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Investor
( 163 posts )

[1183 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?

    286 days ago In Where to Buy
    Post Reply
    Isloo1
    (562 posts)
    @Ilyas,

    Yes, we have heard many times and agree that trade deficit widened unprecedentedly due to heavy imports and stagnant exports. Anything else?

    What about all those indicators that I listed in a previous email and those tonnes of mega projects that IK can not even imagine starting, even if born again.

    He could not even start the Donkey Project. remember!!!

    So let's not cherry pick, lets look at development as a whole. And keep in mind that all that time Niazi and Padri continued their "Shaitaniyan" under protection of "Umpire".

    BTW, where is IK's cousin these days, doesn't seem to be bothered about "Riyasat" anymore.

    Kaisay kaisay munafiqeen yahan phaltey phooltey hain.
      64 days ago 

      Isloo1
      (562 posts)
      Ok, that was my last email on serious note, now I pull my shades and bermuda shorts and go on fun again.
        64 days ago 

        JDM
        (730 posts)
        ....
        - Mega Projects with borrowed money? I wonder if I should salute your AQAL sharif or if I should do MATAAM over it.

        - All indicators you mentioned might be true but who is responsible? PMLN who presented 6th budget and dumped our economy down the toilet hole. Just to take revenge for sending Nawaz to jail.

        - PMLN left over 1200 billion circular debt of electricity. Even Zardari didn't do this kind of damage to Pakistan. He left only 500 billion in 2013.

        - PMLN left gas circular debt too. Zardari didn't leave any at all.

        - Devaluation of dollar was also done by Mifta Ismaeel another puppet of Nakhatoo of Nawaz.
          64 days ago 

          Imtiaz
          (1241 posts)
          Since numbers/data, statistics don't work here. Equation boils down to


          If Thouk kay Chaataa had a real life example, here is the one:

          --> Then: PTI wants caretaker PM to declare void Siddiqui's appointment as US envoy

          https://www.dawn.com/news/1410744

          "The letter, penned by PTI's spokesperson Fawad Chaudhary, said that Siddiqui is "facing NAB cases" and to make him an ambassador is equivalent to the "murder of national interest."


          --> Now: Ali Jahangir Siddiqui appointed ambassador-at-large for investment

          https://www.dawn.com/news/1488206/ali-jahangir-siddiqui-appointed-ambassador-at-large-for-investment

          "The Ministry of Foreign Affairs on Friday announced the appointment of Ali Jahangir Siddiqui as ambassador-at-large for investment"

          -----

          Time to praise and idolize the guy starts now...
            64 days ago 

            Imtiaz
            (1241 posts)


            - 1.85 million tender for furniture at speaker Asad Qaiser’s place



            - Rs 215,000 tender for carpet for Chairman Senate



            https://blog.siasat.pk/tenders-millions-renovation-austerity-outcry/
              64 days ago 

              Isloo1
              (562 posts)
              @JDM,

              One maths question for you.

              With Sales Tax raised on sugar from 8% to 17%, how much will Jahangir Tareen (aka ATM machine) make overnight with his 22 million metric tonnes sugar in stock.

              The correct answer is..... Rs. 66 billion.!!!

              Is Ko Kehtey Hein Tabdeeli, Is ko Kehtey Hein, Next Generation Corruption.

              Read this:

              https://www.urdupoint.com/en/pakistan/jahangir-tareen-to-greatly-benefit-from-incre-643076.html

                64 days ago 

                Abdul Qayyum
                (2021 posts)
                Imtiaz sb.
                I can see the main points from your comments in this thread:

                …Pakistan economy on constantan slide &I K govt not doing/not able to do any corrective action?
                …Imran gathering his friends/PTI’s member’s relative giving positions?
                …Expenditures here & there?
                … Imran does not have a team?

                ….Economy: This answer can be replied instantly by even a junior high school student if he/she is having a little interest in country’s mater. You know, I know, we know that N regime made it perpetually perfect to worsen the economy for IK, the best possible way, they could to bring down Imran govt?
                All of us know that it was a piece of cake for him to get more billions on high interest to hold $!
                It is not a rocker science, does not it?
                My bother who holds a high office in Pakistan, told me that during his official trip to Holland, the Hollande Manager opened desk drawer showing Shahbaz intro card, said that during his state sponsored official visit, Shabaz talked more of his own business than his actual official trip talks?
                So dollar slide talk shall be ceased right here, sir, as Munshi & all monkeys doctored figures on Pak economy all the time!
                …80% of high bureaucracy is lust & greed encapsulated dudes, handpicked by N & Z during the last couple of decades. Do you really think they will support Imran for his honest decisions about the motherland. They will neve live in Pakistan not their siblings. They are committed not to go with IK.
                Their very existence is connected to bring IK down.
                Can Imran sack the whole lot in one go and manage what we want in just few months?
                … Let us ponder: Being a parent, even myself always give home assignment to one of my kids who is most appropriate to do what I want. To run a govt, you have to put trusted people on important positions, monitor and sack them on failures… that’s exactly what IK has done so far.
                Imran has few capable ministers but struggling to find better minds. Give him a chance, he is working, Shuber Zaidi is good selection so far on economy matters.
                …Expenditure: such a pathetic story, some of his trusted ones are proving looters, Imran is not an angel, He is struggling and needs our support even with due criticism.

                He is honest to the core, patriotic , dedicated , committed to perform but with a bad team, He may fail but again ………He is the last hope, Imtiaz, pray for him, help him in the best possible way if you can, He has some good ones around him, too!
                Allah has given us an honest leader…His honesty has to speak up somewhere and it is happening, Imtiaz, it will happen ….we pray to Allah Subhanaho wa Tahala
                  64 days ago 

                  Imtiaz
                  (1241 posts)
                  Sir, we do pray, no other options except whatever we have in the name of democracy. It's simply pointing out wrong as wrong, no cherry-picking, whoever that may be....

                  Just today's event suffice to demonstrate 'He' is no different then 'Them' unless he proves us wrong with still 4 yrs left to perform. Until then, pointing out broad day light hypocrisy, incompetence and corruption is everyone's right to address who govern us on our money!

                  Each passing day, whatever was made a benchmark of corruption has been openly adopted as a mark of pride!
                    64 days ago 

                    Isloo1
                    (562 posts)



                    Late night show on this non-stop entertainment. This time a tragedy film.

                    Oh my God, it is so heart-breaking, poor hero alone in jungle surrounded by wolves, all by himself.

                    (Am I crying?)

                      64 days ago 

                      JDM
                      (730 posts)
                      ..
                      Appointment of Ali Jahangir again is a shame for sure. But we all know who cleared his appointment as Ambassador last time. Perhaps, same people chose him again and Imran Khan just swallowed his pride and kept quite.


                      What more you expect from a 4 seat majority PM of Pakistan. Like I said wait till November. Khan will make a comeback by December.

                      -----------------------------------------------

                      Going back to the topic. Does anyone know why all Rupee devaluations are done on Fridays right before the weekend?
                        64 days ago 

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