JDM, where are you looking at mate. The rupee is still constant at 142.6 (www.forex.pk)
And if you read 12th para of today's Dawn article, it says the dollar was sold at 148 in market.
https://www.dawn.com/news/1474211
Don't try to comfort your day-dreaming moron buddies. This most incompetent regime of Pakistan's history, that specializes in lying to their teeth is lying again about no further devaluation. It will be proved in a couple of weeks. The dollar will hit 150, it is decided. These are desparate and lame efforts to avert panic.
Asad Umer's statement came after puppet PM ki meeting with big boss. Check the timing.
Remember, what this jhota aur Na-Ahal Niazi was saying about the massive devaluation the last time, that he was unaware and learned it from TV.
Level check karo in jhoton ka.
Imtiaz, yeh lo, ab paon bhi sar par rakh liya.
Laikin yahan tu logon ney dummein bichai hoi hein.
Now you should imagine me with zipped lips and feet on the head.
Now the incompetent govt is saying theyre going to act against those buying dollars and keeping them.. Instead of taking steps to stabilize their economy theyre turning against their own people who are trying to save their hard earned money.
I am wondering if theres even a law against buying dollars? Since people bought thousands of dollars last couple weeks..
@Isloo1
I try my best to ignore people here but shit is hitting the fan now. You make up things as you go with unreliable online information.
https://www.youtube.com/watch?v=TVah2A1Ep50
Listen to this and learn something. Asad Umar ne tum PMLN waloon ka janaza nikal diya hai with facts. Almost every single indicator is better today if compared to first 8 months of PMLN tenure.
But we know that patwarism is a non-curable disease.
As far pressure on dollar it is because of that KHABEES NoOra who came out of jail and got busy again to destroy Pakistan in every possible way to please New Delhi and Washington. BESHARAM FAKE LEADER is faking his sickness because he is a COWARD who couldn't bear the jail cell and caved in like a BITCH.
Inshallah his sponsor Modi will lose and in 2020 US will dump Trump as well. There will be no place left for Sharifs to run and cry to.
For now, SECP should open investigations against PMLN's banks like MCB and Islami Bank of Mifta Ismaeel. As soon his name went to ECL, pressure on dollar started to mount.
Nation needs to know. Who are these people buying dollars from open market? Even when State Bank's reserves have already crossed $10 billion mark.
But most of all Khan should crackdown hard on anyone making above 2 crore per year and make them pay 40-60% in direct income tax. Then use that money to help poor people of Pakistan and stimulate economy.
Pakistan Zindabad.
God bless PM of Pakistan. God bless Armed Forces of Pakistan.
Victory coming soon. Inshallah!!!
JDM, I will not respond to this absolute nonsense. Just that dollar has reached 143 as per www.forex.pk
Niazi aur Asad dono confirmed jhotay hein, so their statements can not be presented as evidence. Jhota Niazi is self-proclaimed U-TURN MASTER. You are free to trust him and his cronies, its your choice, not mine.
I know what the indicators are:
Dollar at 143 -- going to hit 150 by June 2019
Inflation at 9.4 -- going to hit 12 by June 2019
Growth rate will be down to 3.5 (State Bank of Pakistan)
https://fp.brecorder.com/2019/03/20190326458431/
FBR is going to miss revenue target by a huge margin (over 300 bn). Why because no one trusts this jhota niazi for their tax money.
@Isloo1
Whatever you utter becomes a fact and whatever others say is a nonsense. That explains it all. I will not respond to a low-life like you after this.
Let's break it down for a dumb man like you:
Dollar at 143 -- going to hit 150 by June 2019
Answer: Only 14 rupees raised in first 8 months of PTI even with record high debt left by goons of PMLN. How much was raised by PMLN in 2013 when economy was handed over to them in much better shape?
Inflation at 9.4 -- going to hit 12 by June 2019
Answer: Still single digit. PMLN's first 8 months had double-digit inflation
Growth rate will be down to 3.5 (State Bank of Pakistan)
Answer: Because we are cutting down on imports and slowing down our demand in order to save foreign reserves. Once stability comes back we will raise demand again and GDP will start to rise.
FBR is going to miss revenue target by a huge margin (over 300 bn).
Answer: Because imports are being discouraged, we are losing revenue from there. Secondly, taxes on Petroleum products are less than PMLN's rate which means less revenue collected even when Pakistan is consuming 6% more crude oil when compared to last year. Thirdly, relief is being given to filers by lowering their tax burden. Forth, salary class is paying less taxes compared to what they use to pay during PMLN's tenure.
Now put your foot in your damn mouth and feel free to cry to "Imtiaz". He might like to babysit you.
My suggestion to all Sharif lovers like you: Take your filthy money and leave Pakistan!
All internal enemies will be sorted out just like we sorted out Modi's recent adventure.
Pakistan Zindabad.
God bless PM of Pakistan. God bless Armed Forces of Pakistan.
Victory coming soon. Inshallah!!!
"Now put your foot in your damn mouth and feel free to cry to "Imtiaz". He might like to babysit you."
I don't know why, but I adore the following lines that keep reminding me:
"Never argue with stupid people. They will drag you down to their level and beat you with experience."
-- I do follow the above, mostly keeps name calling craps at a bay!! Imtiaz's Baby sitting skills are no secret when those skills shut the crying craps with a dose of facts & evidence - repeated evidence on the very same thread.
.
JDM, I will ignore your personal attacks and re-post the link to news on State Bank of Pakistan's 2nd quarterly report.
https://fp.brecorder.com/2019/03/20190326458431/
It says in first para that GDP Growth rate is down from 5.8 to 3.5 "...due to weakening performance of agricultural sector and subdued activities of manufacturing sector."
Not because of slow imports as you are implying. Similarly, revenue targets are missed because no one trusts this incompetent puppet regime.
On exchange rate, I will present historic data. Dollar was 124 when the puppets grabbed the office. Again this exposes your lies.
https://www.investing.com/currencies/usd-pkr-historical-data
https://www.exchange-rates.org/history/PKR/USD/G/180
These facts should slap down the political bigots like you.
"Re: Currency Devaluation + Economic Indicators"
Data & Figures
- Google Currency Exchange (Inter-bank)
- State Bank of Pakistan
- Pakistan Bureau of Statistics
A Currency Depreciation (Depreciation/Anum)
--------------
Last Govt.
- PM First day in Office - Jun 05, 2013: USD = 98.55
- PM Last day in Office - May 31, 2018: USD = 115.77
[Duration 1820 days, Net Depreciation = 17.22 PKR, Depreciation/Day= 0.0094 PKR, Depreciation/Anum = 3.44 PKR]
Care Take Govt.
- PM First day in Office on Jun 01, 2018: USD = 115.78
- PM Last day in Office on Aug 17, 2018: USD = 123.71
[Duration 78 days, Net Depreciation = 7.93 PKR, Depreciation/Day= 0.1016 PKR, Depreciation/Anum = 37.10* PKR *(Projected on Scale of 1 Yr)]
#Current Govt.
- PM First day in Office on Aug 18, 2018: USD = 123.71
- To Date Apr 07, 2019: USD = 141.45
[Duration 232 days, Net Depreciation = 17.74 PKR,Depreciation/Day= 0.0764 PKR Depreciation/Anum = 27.90 PKR (Projected on Scale of 1 Yr)]
Source: https://markets.businessinsider.com/currencies/usd-pkr
---------
B GDP (%)
-----
[2013 to 2018 linear path = 3.68, 4.06, 4.56, 5.37, 5.79. 5.2] Year 2019, in Progress
Source: https://tradingeconomics.com/pakistan/gdp-growth-annual
-----
*C** Stock Market (Index Points)
-----
Jan 2014 = 28726
Jun 2018 = 44000
Apr 2019 = 37521
Source: https://tradingeconomics.com/pakistan/stock-market
-----
D Unemployment (%)
-----
[2013 to 2019 linear path = 6.3, 6.0, 5.9, 5.9, 6.01, 6.07, 6.14]
Source: https://www.ceicdata.com/en/indicator/pakistan/forecast-unemployment-rate
-----
E Interest rate (%)
-----
Jun 2013 = 9.1%
Jun 2018 = 7.9%
Apr 2019 = 10.9%
Source: https://tradingeconomics.com/pakistan/interest-rate
-----
F Inflation (%)
-----
Jun 2013 = 7.5%
Jun 2018 = 7.2%
Apr 2019 = 10.9%
Source: https://tradingeconomics.com/pakistan/inflation-cpi
-----
A. Currency Value: Purchasing Power of Nation
B. GDP: National Level Production (Internal Use + Export)
C. Stock Market: National Trading & Stocks Investments
D. Unemployment: Lack of Jobs/Skills as National Burden
E. Interest Rate: Proportion charged as interest to the borrower
F. Inflation: Increase prices & decreased value of money
All Key Economic Areas & Figures above from SBP and National Bureaus of Statistics are self-explanatory.
Niazi fans will believe him no matter what.
Niazi and his gang his dragging this country towards disaster.
Pakistans GDP growth since niazi was put into power: Pakistan's GDP growth rate to recover to 4% in FY2021: WB report
JDM, here is daily dose of medicine for the brainless Niazi cult members.
After ADB, now the World Bank has also declared that this incompetent govt is drowning the economy.WB estimates Growth rate down to 3.4 this year and 2.7 next year with inflation hitting dangerous level at 13.5
https://tribune.com.pk/story/1945493/2-pakistans-gdp-growth-may-slow-3-4-world-bank/
Karachi stock exchange has lost another 600 points today and came down to 36,922. Follow the link below and scroll down to chart. Then click 1Y and then 5Y to see how the market was skyrocketing under "corrupt" Nawaz Sharif and how it is nose diving under "pious" U-turn master.
https://www.bloomberg.com/quote/KSE100:IND
It's happening because there is a controlled shift in economic policies which are beyond the intellectual level of a Patwari like you.
My suggestion to people like you is to take your money and leave Pakistan. This economy will not provide any ROI to any corrupts or thugs in future.
Pakistan Zindabad.
PM of Pakistan Zindabad. Armed Forces Zindabad.
Victory soon. Inshallah!!!
JDM sb.
The best ever joint step being taken by all Pak agencies, backed up by Pak army and Imran Khan. The best breaking news since 1947.
These patwaris are part of Media cell run by Kaki and launching a gigantic campaign again the joint move but their failure is written in stone.
مکافات عمل شروع ہونے والا ہے۔سر جی
سنئے اور سر دھنیے۔
Looters are going to see what was written on the wall:
https://youtu.be/5QF_sDWyqu4
Now I invite patwaris to talk against all more than 50 investigative agencies and Pak Army?
ایسی جگہ ڈالیں گے کہ محترمہ خوابوں میں بھی بھوت لگیں گی
یہ میڈیا وڈیا کا سیل ایسا رنگ لائیگا کہ کمبل کو چھوڑنا چاہیں گے مگر کمبل تو آخر کمبل ہوتا ہے۔
JDM, chalo dawai ka waqt ho gya hey. Aaj bhi 2 capsules hein.
1. Asad Umer says economy is out of crises. Will recover in 1.5 years.
https://www.geo.tv/latest/233522-finance-minister-asad-umar-tells-fbr-to-simplify-process-of-filing-taxes
2. Faisal Vawda says, Pakistan will experience 'burst of jobs in 10 days' there will be more jobs than seekers.
https://www.geo.tv/latest/233580-vawda
Abul Qayyum Sb.
Your analysis is spot on as always.
Change is always a painful process but it breaks the status quo and erect new avenues of growth. All corrupts will cry, cry and cry even more. Inshallah.
Next we need to eliminate this filthy corrupt parliamentarian democracy. This gift of frangee has ruined Pakistan.
Pakistan Zindabad.
PM of Pakistan Zindabad. Armed Forces Zindabad.
Victory soon. Inshallah!!!
Elimination of filthy corrupt Parliamentarian Democratic System:
Administrative/Governance systems are "by the people for the people". Unless the people who rule and the ones who choose them to rule don't change, everything will remain corrupt to the core.
What is the alternative to Parliamentary Democracy? Electoral college driven Presidency, Referendum driven Dictatorship/Kingship?. That never ended well, be that Saddam, Gaddafi, or our own Zia, Musharraft et al. Have been tried in the past but didn't worked.
- Last time, I checked our 'Commando turned President' melted like a candle from a Call from Pentagon, back in the day.
US threatened to bomb Pakistan back to “the Stone Age”
https://www.wsws.org/en/articles/2006/09/paki-s27.html
- Admitted to receiving USDs for selling captive Pakistanis in his own book. More so, a disaster for the institutes, especially Armed Forces at many instances were ordered to not wear uniforms in the public.
In the Line of Fire: A Memoir
https://www.amazon.com/Line-Fire-Memoir-Pervez-
Musharraf/dp/1439150435
- In WWII when Chancellor (Presidential) Dictatorship had conquered till France, its was the parliamentary democracy and its decision that defeated the enemy both politically and militarily.
The Arsenal of Democracy
http://www.ushistory.org/US/50d.asp
- The provingly best administrative systems in the world are (parliamentary) democratic, not the other way around.
The Top 10 Best Governed Countries In the World
https://www.livescience.com/33157-best-governed-countries-
world.html
- The ones who have the will and morality can run a system perfectly for years without having any system at all, except for basic human decency.
Fun Fact: Belgium owns world record for longest period
without a government
https://brussels-express.eu/fun-fact-belgium-owns-world-
record-longest-period-without-government/
Its not the system, its people and their practices that makes the difference
Even democracy have faces like IND & NZ, where both had same amount of human causality on their land and the smallest democracy demonstrated Human Values to the whole world over the biggest democracy that is no less the Fascism, to say the least!
Imtiaz sb.
Yes democracy is the only way for any country to prosper but here in our scenario when whole assembly gets landlord mafia and their siblings and then their siblings, how come our country could move forward?
These feudal worked for " goras " for generations. Offered them their private army to kill their own Muslim brothers, took huge lands for their filthy services, even drove "goras" animal driven carts by fixing themselves in place of animals, to get huge land states!
The filth is in their blood and still they are proud of their dirty forefathers who served against their own people.
Last time ch Nisar boasted about his forefathers, narrated their respectful services in gora army but if you read all those stories, you will feel pain in your guts.
They sold their self respect, conscience, religion and all what could be termed as prerequisites of nobility of any human race!
They still feel proud that their fathers were " Khan Sahib", and other higher filthy honorarium/ positions from goras.
This mentality is like " Hindo's social classes" in India and even worse.
Sir, presidential or democracy is not a solution to our problems, the solution to our problem is lack of literacy!
You reserve legitimate amount for education budget , you will lose your govt!
In 20 years, if a fair share is given to education, people will change, so would be the system whatever it happens to be, presidential or parliamentary!
AQ sb,
Yes, that has been the very point. Reform of people/change of mindset not the systems that are all idealistic in theory and principle.
Seeking pardon for my ignorance, if any, not an expert on religious issues but still as a student trying to learn. However, facts remain:
It's an unofortunate reality that even the follower of Islamic System that has been the best, at Karbala, at prayer time the 'Opressors/killers' were verifying 'Muhammed SAW' as the Prophet of Allah and Teaching of Muhammed SAW as part of their faith. However, as soon as the prayer finished the same people were going for the heads of 'Prophet's Grandson & Prophet's Successor'.
The Battle of Karbala
https://www.islamiclandmarks.com/iraq/karbala
There was nothing wrong in the system they believed in, the wrong was within themselves and their mindset!