Eid Mubarak to all members here. Stay blessed
Wish some of our dears larn to decouple 'name calling inner frustrations' from festive greetings!
There will still be 360+ days to reflect that! Difference of opinion must be there, socio-political bigotry must not be!
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Economist Qaiser Bangali is saying to GulfNews that dollar will go to 200 by December this year. Although, his previous prediction of 150 came true, I hope he is wrong this time.
https://gulfnews.com/business/markets/pakistan-rupee-could-slide-to-200-a-dollar-by-year-end-1.64286339
Also if anyone has any insight on upcoming budget?
JDM sb
Qaiser Bengali is a determined enemy of CEPEC!
He always talks against Pakistan.
Shahbaz was in UK to convince " moto gang" to payback looted money. It seems He has convinced them.
Chaudhry Ghulam Hussain, Dr Shahid Masood and many other have publically said that 10 billion dollars have been admitted to pay back to state, both, by Z and N.
Only face saving is being requested by both looters!
20 billion dollars, in treasury will not make Rs 200 to a dollar.
160 to 165 PKR/USD parity has been the prediction come Dec 2019, since the start of Jan 2019 (prediction not a compulsion).
Since a week or so, due to free float exchange frequent fluctuation of 1 to 1.5 PKR (sudden rise and fall) has been happening on daily basis, multiple times a day.
Key to strengthen or even somehow stabilise PKR is reduction in trade deficit and increase in foreign remittances. Due to Ramzan and Eid factor foreign remittances are increased then normal and that helps the PKR for the time being.
Budget is critical, it will be an austerity-driven but hope investment options and policies for real estate are facilitated to increase internal investment and foreign remittances.
@Abdul Qayyum sahib!
I am shocked to see you believing in such wishful dreams of the gullible spread on social media. I never comment on such anywhere but you're beyond to believe such nonsense in my eyes. No such thing is happening Sir, let's not fool ourselves, IK government will have to work on their performance, that's the only way out and it does not seem like they have any plan, vision or team to do anything worthwhile. Saudis, Emiratis and Chinese gave them 10 billion plus, where did it go? Similarly, if anyone else even gives them 10 or 20 billion more, it will not do anything beyond buying a little more time, that's it. A bunch of naïve at the helm of affairs is the elephant in the room but no one wants to see it. May Allah help Pakistan and its people, Amin!
Musafar sb
I commented keeling in mind:
...IK govt returned pretty good amount back to the lending institutions from billions that were borrowed
...Decreassd imports by a good %.
...All informed corners are saying that N and Z ready to pay back if free from jail.
...Willing to expand tax collection.
...PIA got even and stopped losing earnings...To me this is a big success.
...The whole Punjab budget is not being spent only on Lahore.
...Asset declaration inside and outside, otherwise 7 years jail.
...Housing Projecf being put online.
...Several other good steps which were never done in past
We will see after budget, if no concrete measures taken then I am all with you on IK performance.
" I swear to you, Sitting a throne is a thousand times harder than winning the one"
Prediction for dollar hike before 30th June is 175.
Now that lesson has been learned that running a country is too serious an affair that can not be left to a coke-sniffer playboy. This adventurism has brought the economy to near complete collapse. A pre-July 2017 position is now being negotiated. Some remorse for the actions is on the cards. Perhaps a middle ground of "truth and reconciliation" shall be struck. Lets see, tone of anchors will tell which way the wind blows.
To "Anjuman-e-Sataish-e-Bahimi" with Eid greetings:
Dil ke behlanay ko Ghalib ye khiyal acha hey!
" A mad man sees what he sees"
But what we, The immians, The Dimians, blah blah blah, feel
" EVERY FLIGHT BEGINS WITH A FALL"
JDM
Why do I sense a change of heart in your tone lately
Like many of us might you also be getting a bit disappointed by the efforts of Ik lately?
Anyways we all want to have fair systems in place and any sincere efforts towards it by whomsoever is ruling should be appreciated
Haven’t seen much lately though
@ Ilyas
Same was asked to our pm lately and he confusedly replied that ruling is easier than opposition
Isloo sahib, would you explain to me in our simple gulabi urdu… what is the meaning of “Anjuman-e-Sataish-e-Bahimi”? … i tried to Google it but in vain…
Ilyas sb,
The closest equivalent is:
"Mutual Appreciation Club"
YC sahib, i never listened to NS after 1998 for more than a couple of seconds by chance or by accident or whatever you call it bro......
Hum Muhabat ma b tawheed ka qail ha faraz
Bus Eik The Niazi, The Jews, The coke snipper, ko mehboob bana raka ha
:) i had copied that sentence from THE GAME OF THRONES.....
Lmao........ Lmfao....,,lol...... ("Mutual Appreciation Club")
You know what isloo? You got such a great skill for the dark comedy while writing some stuff..... i love that really.... i will explain "Mutual Appreciation Club" from my univercity memories tomorrow.... but do not forget to ask me ..... WHAT?
IK needs to put a fight with establishment , his ministers , pinki peerni etc… or no one is going to vote him next time… at least we want to see him trying rather than doing umrah with perks.
.....
YC,
I think we should give Imran Khan till November and see what he does after retirement of Bajwa. Also we'll find out how establishment acts under the new chief of staff.
As far property, there should be major crackdown by FBR on everyone who owns any kind of property in Pakistan. There is no excuse for not filing taxes.
You have people who sale a plot and gain 2-3 million in weeks and never pay taxes on such income. On the other hand you have poor salaried class who makes 4-5 lac in whole years and still gets slapped by automatic tax-deductions. Something seriously wrong with this picture.
By all means make money in property, but no excuse for paying zero tax on your gains.
All buying/selling transactions in property must be approved by FBR and without FBR certification all transfers should be considered illegal.
@Abdul Qayyum sahib! My comment was specifically about you believing that Zardari and Nawaz are willing to return 20 billion to the state. This is a childish propaganda being spread by PTI fans on social media and no truth to it Sir, I was not expecting someone like you to fall for this. Check your informed sources again and of course their sources too.
Rest, the news about PIA getting even with profit/loss has been denied and corrected already, that was also a social media gimmick and twist.
Lastly, I hope too that IK performs but I am not as optimistic as you are. I agree that he has not been in power long enough to fix things yet, but at the same time one can say that he has not been in power long enough to screw it up really good either. Let time be the judge but better stay out of the fool's paradise till then.
@JDM
Brother! please tell me where can one sell a plot and earn 2-3 million in profit in weeks. I want to do that too, and I promise to pay tax on my profit with perfect honesty.
Sir! Come to the real market on ground please. There is no business of any kind and you are peppering salt on wounds with such comments.
With state bank's interest rate at 12.25% (it was half of this 2 years ago), who in their right mind would expect money to come in to the market for any business activity. I just read somewhere that deposits in savings certificates have gone up from 752 billion to 1700+ billion in 1 year. Do u not see where the money is going. The overseas can get 6.5% profit on dollars deposited with Pakistani government. Where would the money go then. On top of that, taxes are being levied and increased as if this is America now and there will be no tomorrow to do this. This is also with rupee in a free fall, which makes just keeping dollars more profitable than any other investment in Pakistan. Let's bring some objectivity to the discussion, watching 92 world cup high-lights to feel thrilled is a different matter.