My percentages still hold true, you can re-calculate and report back here.
see above the reply is clear enough
your sheriff are the best and they are the only hope for you and your coming generations .
stay happy in this hopes :).
Things are looking pretty good, if no mishap then inshaAllah August will be turning point for our economy. Letβs keep good hopes.
Rrr
Rrr
Dollar drops to 221
221 in interbank and 217 in open market.
Dollar down slide continues and speculations are it will settle around 190. This rupee appreciation is βorganicβ and not controlled or manipulated by State Bank.
Rupee strengthening is subject to three factors: political stability, IMF program restoration and dollar inflows from friendly countries. A quick reading shows that everything is on right track, insha Allah.
are the Plot prices going to compensate for the Devaluation of PKR? I live abroad so for me anything in PKR is going to be in a loss even if the prices of property will increase a bitβ¦
@iqbilayy, PKR is fast appreciating after hitting historic low of 240 to a dollar. Whereas, plot prices are pretty much stagnant and not expected to gain substantially in next 12 months, unless there is some positive trigger.
Letβs say, if someone converts at 220 now, will gain in conversion when rupee climbs to 180. On the capital gain side, a good brand will surely fetch good returns in 3-4 years time. Fast flipping (within 2 yrs) is not recommended due to high tax on capital gains (15%) that decline at 2.5% per annum.
So given the fact that rupee is appreciating and market is stagnant, therefore chances of loss are minimal.
Rupee is gaining against the dollar however i would recommend to invest in those areas which can have appreciations like DHA Quetta , or with heavy taxes on plots i would recommend to invest in vertical buildings. Like gain tax on vertical building is only for 2 years.
Dollar decline continues.
PKR maintains upward momentum and sheds over 3 rupees to a dollar today. Letβs see how long this declining trend sustains.
Declining oil prices, low fuel purchase due to weather change and rains, and reducing current account deficit will impact positively on sky-high inflation. Once foreign inflows start and reserves are built, situation will be much better for common citizens, businessmen and the government.
Good news is that the country has come out of loan default danger. The only hindrance is this artificially hatched political turmoil, if it subsides then insha Allah it is clear road ahead for Pakistanβs economy.
A more detailed analysis of dollar dive by Chairman Exchange Companies, Malik Bostan.
Yes the prospects seem good, more like a recovery back to where it started to slid in the last round of depreciation, unless more political turmoil to detrack the recovery!
With tranches of Loan received from IMF soon and deposits from Saudis and Amaratis may well push USD below 200!
Rupee takes a brief pause, seemingly to catch breath before starting another rally hopefully next week.