Good to see that you are seeing things without any preconceived bias
Pti’s focus has been totally wrong, they should have focused on bringing in investment both from local and foreign ppl, but they are just into fighting like they are still on the container
This rise in usd potentially can have devastating effects on us long run
Yes, devaluation is not good for anyone. Especially foreign investors and overseas Pakistanis will lose major chuck of their investments overnight.
As far us Pakistanis, inflation will skyrocket and eat away our savings. Everything will go up. Toyota Corolla is 35 lac already. Imagine paying 40-50 lac for same car!!
TCs or for that sake other luxuries are a different balls game.
Serious concerns revolve around day to day basic necessities that are getting out of reach for working class and Fin. Minister is not shy of more aggressive Gas, Power and Petroleum Tariffs that are already quite sharp!
Heard (Notification Mar 19) that now Non-filers will have to pay 0.6% on withdrawal of 25000 or more on a single day. If true, this self-proclaimed Engro-turned Economist is planning to break the banking backbone and urging people to hold cash at homes due to his incompetency.
https://scontent.fmed1-2.fna.fbcdn.net/v/t1.0-9/55444928_2271409866255865_6711770712291409920_n.jpg?_nc_cat=110&_nc_ht=scontent.fmed1-2.fna&oh=a7190d4f4353ca8eeb0e969f352febbe&oe=5D15FC66
Govt is going to miss revenue target by a huge margin (approx 450 billion) that has already started sending panic signals in the “all-talk-no-action” crowed.
After having seen the recent comments of JDM, my head jolted for a while... Then i had a big big big cup of GREEN TEA(it will take a century for pakistanies to understand the health benefits of green tea without sugar as compared to the black tea full of white poison i.e Sugar)..... :)
Then i smiled for a while as i remembered the quote of a kafir baba ji, Nepoleon...
MEN ARE MOVED BY TWO LEVERS ONLY : FEAR AND SELF INTEREST....
Ilyas bhai,
I can't generalize like you but on the claim:
"...(it will take a century for pakistanies to understand the health benefits of green tea without sugar as compared to the black tea full of white poison i.e Sugar)..."
Assumingly, a Pakistani who can create a login, land into an online forum to read/contribute, he/she for sure knows the difference, contrary to your claims : )
I think Ilyas sb does not mean literally what is said.
Mothers often say " mur jao, kioun shoor machaa rahe ho". The mother doest mean a clinical death for her kids!
Sometime we do cursing but do not mean the very same meaning of what we say!
Respected Qayoom sahib, you got it completly…
Rupee decline is hapenning faster than some of us thought. Dollar crossed 143 today. When will it bottom out is hard to predict at the moment. Just watch the free fall.
https://tribune.com.pk/story/1940135/2-rupee-falls-country-prepares-imf-deal/?amp=1
This country is in the hands of bunch of baboons.
Until or unless we collect 50-60% direct income tax from anyone making over 2 crore per year in Pakistan regardless of what business they do, this country will always be a beggar and IMF will always exploit us.
Sadly, puppet Khan lost his balls and he has already bowed down in front of these rich looter groups including property mafias like DHAs and Bahrias.
Prediction is USD to PKR will cross 180 in this year and like things are going its possible it will go to 500 in coming years.
Asad Umer has admitted that IMF is insisting on free float exchange policy announced before releasing the loan. This will send panic signals and any confidence left in PKR will shatter in minutes.
Extremely disappointed with this government repeated failures to stabilize exchange rate to give investors some confidence to invest.
If dollar is going up to 180-500 than all overseas investors should dump their plots in market now and take away what they can get before they lose more through this big round of devaluation.
Apne apne paisee lo aur Pakistan ki jan chor do. So we local Pakistanis can start rebuilding a clean/documented economy.
Let Overseas Pakistanis a.k.a citizens decide about their Paisee and their commitment or lack of that to Pakistan
Keyboard warriors need not to worry about Overseas and their hard earned remittances POLLUTING THE ECONOMY. Ask the puppets that were installed and portrayed as Messiah to sort out the mess.
I wonder, how some can make wrong selections and still have the nerves to publicly blame others ...
Excellent thought Mr.Imtiaz.
Well said Imtiaz sb…
People make choices/decisions and have to live with the consequences. It is quite possible for the public even in developed countries to make really stupid decisions e.g Brexit in United Kingdom which has resulted in the currency (£) depreciating by over 20%, Intl. And local companies leaving the UK hence costing thousands of jobs, prices of every day goods going up etc. It does not mean it is the end of the world so you take the hit, learn the lesson and move on.
What is better now, national saving certificates, real estate or foreign currency investment?
Imtiaz sb please guide: with PKR depreciating & inflation increasing, wouldn't property, a "Real" asset increase eventually with inflation? Everything is going up now! How and why should property remain cheaper in theory