Bharat Rakshak

Which part of IMF's requirement for market-driven forex rates does IK not understand?

He had warned current dealers of strict actions if they were found selling dollar above Rs144.

Artificial pegs have never worked unless the government is able to somehow purchase dollars (taking loans, bartering for gold, money or whatever else) to fulfill the demand. That was what the previous govt was doing as it pegged the PKR to a stable 100-110 range while piling on loans.

Lacking more dollar supply, inflexible peg and this kind of knee jerk reaction, a huge black market will flourish. This is the worst, because exporters will get legal PKR from their export earnings at 141/$, but real prices of input goods will be determined by the black market rate, whatever it is, say 165/$. Hawala business will be back with a bang, D company can run it again from their ISI protected residences.

mmasand wrote:

menon s wrote:Peregrine G ;
please add this video wherever you wish.
Pakistanis are breaking into fight while ending ramzan fast!
https://twitter.com/ShamaJunejo/status/ ... 5607576577

Not one of them is a Paki, don't spread fake news. It clearly mentions Medina and the Grand mosque can be seen in the background.

There is a good chance that most of them are Pakis. One of the Paki people who went on Haj made a youtube video about how Pakis were begging in Mecca and Medina and were the main consumers for the free charity food that was provided by Saudis.

yensoy wrote:Which part of IMF's requirement for market-driven forex rates does IK not understand?

He had warned current dealers of strict actions if they were found selling dollar above Rs144.

It's the old Paki behavior of trying to be too clever by half. According to Najam Sethi, they have committed to the IMF that they will get more money from the provinces, though that would be against the constitution, and they are managing it by threatening politicians from the provincial governments using NAB cases and ISI goons to keep them from protesting.

Bart S wrote:

mmasand wrote:
Not one of them is a Paki, don't spread fake news. It clearly mentions Medina and the Grand mosque can be seen in the background.

There is a good chance that most of them are Pakis. One of the Paki people who went on Haj made a youtube video about how Pakis were begging in Mecca and Medina and were the main consumers for the free charity food that was provided by Saudis.

They're all Saudis speaking in crisp Khaleeji accents. As far as the charity food goes, too much of a generalisation.

Dr.Kaiser bengali says, that the PKR will touch 200 by year end and 250 by next year!

allah unko jannathe firdous mei jagah de day,,,alhamhodillah

https://activevoice.pk/economy/dollar-w ... or-action/

Pakistan Internal Security budget & defence budget needs to be cut by atleast 80% for it to survive economically

^^On paper budget is already 20% of actual figure. Pak fauj has the foundation who controls >10% of GDP plus all the narcotics income. So, it is anybodys guess.

PKR Touches 150.00 officially
PSX (100); down 870 points.
External Debt up by 4.5 bn USD.

P S E

Market Status : Post Close

Current Index - 33,166.62 – Change : -804.50 Percent Change : -2.43%

High : 33,971.12 - Low : 33,005.99

Rupee loses further ground in inter-bank market- Salman Siddiqui

KARACHI: The rupee hit a new all-time low of 149.35 to the US dollar in the inter-bank market on Friday.er ground in inter-bank market - Salman Siddiqui

What a SNAFU

Cheers

menon s wrote:PKR Touches 150.00 officially
PSX (100); down 870 points.
External Debt up by 4.5 bn USD.

when was this uncle google still states 143, it was soo disappointing to see Indian rupee at 70.5 and paki rupee less than 142, a 1 Indian Rupee = 2.5 Paki rupee is a more appropriate.

PayPal declines to come to Pakistan, IT secretary tells senators - Jamal Shahid

ISLAMABAD: PayPal will not be coming to Pakistan despite the government’s efforts to convince the American company, which operates a worldwide online payment system that supports online money transfers, to introduce its services in the country, a Senate committee was told on Thursday.

Cheers

Aditya_V wrote:

menon s wrote:PKR Touches 150.00 officially
PSX (100); down 870 points.
External Debt up by 4.5 bn USD.

Aditya_V wrote: when was this uncle google still states 143, it was soo disappointing to see Indian rupee at 70.5 and paki rupee less than 142, a 1 Indian Rupee = 2.5 Paki rupee is a more appropriate.

Aditya_V Ji:

You and me - Both!

Here is Dr. Kaiser Bengali's take :

“Dollar will rise up to 250 rupees… until we come out…” Dr Bengali calls for Action. - Team Active Voice

Cheers

Then I hope 1 Indian Ruppee= 4 Paki RUpees ratio

Aditya_V wrote:Then I hope 1 Indian Ruppee= 4 Paki RUpees ratio

Aditya V Ji :

Such an act will cause a Super-Duper Destabilized Terroristan. With a Destabilized Terroristan the Terroristanis will be forced to do what the Afghans did when Terroristan Destabilized Afghanisan.

Do you want a minimum 25% to 50% of the Pakistani Population flocking into India?

Heavens Forbid!

Cheers

Peregrine wrote:

Aditya_V wrote:Do you want a minimum 25% to 50% of the Pakistani Population flocking into India?
Heavens Forbid!
Cheers

3:1 or 4:1 will happen sooner than you think. Pak is heading to a Venezuela or Zim like situation unless Trump loses or US starts bailing them out again. They are dependent on the world for everything (Venezuela otoh is a major oil producer), even on the inputs for their exports which basically means their exports are as competitive as the labour differential, which these days isn't a major factor - not counting the other input costs which could be higher like power, transportation and insurance.

Their defence budget is unsustainable; unless they mend their ways there is really no way out. You know it, I know it, all of BRF and a lot of India that cares knows it. But they are in denial; even some of the more astute news anchors feel that touching the defence budget is crossing the red line. In their thinking, the pakfauj defines the state (much like what the good Haqqani said).

But Pakis won't flock to India because they believe that Hindus and Muslims cannot live together. This belief, right or wrong, should be reinforced.

Build a wall!!!

Karan M wrote:Build a wall!!!

Karan Ji :

This wall must be at least 50 feet High, 10 feet Wide and 30 feet Deep - strengthened with Armour Steel Plates and provided with an electronic warning system to obviate any Terroristanis digging a Tunnel under this wall!

Cheers

yensoy wrote: But Pakis won't flock to India because they believe that Hindus and Muslims cannot live together. This belief, right or wrong, should be reinforced.

If that was so, then why did those, whom the Pakis consider as their forefathers, flock to India?

Hint - Ghazwa-e-hind

Like how bank Negara, made a run off , on the Malayan Ringitt, India needs to plan, something that will make PKR fall .
Some sort of currency manipulation, now that their currency is on free float.

A much needed pay back, for printing Indian notes at quetta.

Aditya_V wrote:Then I hope 1 Indian Ruppee= 4 Paki RUpees ratio

Peregrine wrote:Aditya V Ji : Such an act will cause a Super-Duper Destabilized Terroristan. With a Destabilized Terroristan the Terroristanis will be forced to do what the Afghans did when Terroristan Destabilized Afghanisan.

Do you want a minimum 25% to 50% of the Pakistani Population flocking into India?

Heavens Forbid!

yensoy wrote:3:1 or 4:1 will happen sooner than you think. Pak is heading to a Venezuela or Zim like situation unless Trump loses or US starts bailing them out again. They are dependent on the world for everything (Venezuela otoh is a major oil producer), even on the inputs for their exports which basically means their exports are as competitive as the labour differential, which these days isn't a major factor - not counting the other input costs which could be higher like power, transportation and insurance.

Their defence budget is unsustainable; unless they mend their ways there is really no way out. You know it, I know it, all of BRF and a lot of India that cares knows it. But they are in denial; even some of the more astute news anchors feel that touching the defence budget is crossing the red line. In their thinking, the pakfauj defines the state (much like what the good Haqqani said).

But Pakis won't flock to India because they believe that Hindus and Muslims cannot live together. This belief, right or wrong, should be reinforced.

yensoy Ji :
Has “This belief, right or wrong, should be reinforced” prevented Millions of Terroristani Ahmedis and Shias form flocking to India begging for Asylum as they are being Slaughtered by the Sunnis.

What about the Rohingiyas and Bangladeshis entering India as far as J & K, South India and possibly even in Mumbai and possibly other parts of India?

Sir Ji India is being Flooded with these Illegal entrants of the Foaming at the Mouth Mullahs Ilk.

I trust you have noticed that all MUSLIM “Refugees” on seek Refuge in NON-MUSLIM Countries. Then they enforce Halal, Hijab, Sharia etc. etc. & etc. on the Host Country!

Cheers

yensoy wrote:

Peregrine wrote:

3:1 or 4:1 will happen sooner than you think. Pak is heading to a Venezuela or Zim like situation unless Trump loses or US starts bailing them out again. They are dependent on the world for everything (Venezuela otoh is a major oil producer), even on the inputs for their exports which basically means their exports are as competitive as the labour differential, which these days isn't a major factor - not counting the other input costs which could be higher like power, transportation and insurance.

Their defence budget is unsustainable; unless they mend their ways there is really no way out. You know it, I know it, all of BRF and a lot of India that cares knows it. But they are in denial; even some of the more astute news anchors feel that touching the defence budget is crossing the red line. In their thinking, the pakfauj defines the state (much like what the good Haqqani said).

But Pakis won't flock to India because they believe that Hindus and Muslims cannot live together. This belief, right or wrong, should be reinforced.

don't fool yourselves.

over the years, there are many tens of hundreds of thousands who came over with/without visas and simply disappeared in India.

there are many hundreds of pakis who do it even today.

now they enter India via the gelf, beediland, nepal, SL and male just to name a few routes and settle in the heartland and not just in cashmere.

these rats will go wherever they feel safe, even in a hated enemy/kafir country like India.

I think we can handle the exodus - we did that in 1971. Also, the Bakis are wannabe Arabs, no ? I'm sure they can be encouraged to find places to go to, other than the SDRE India.
Because I don't want that to be a distraction against Step 1.

Due to the falling PKR, they are pretty much screwed wrt dollar-denominated debt and imports. But they'll now be able to export at cheaper price, and that is where we need to hit next. We need to target their main exports (which I guess is rice, wheat, sugar and textiles ?) and their export markets (EU, US and Gulf). Don't know about the WTO rules, but can we offer those markets cheaper goods compared to Bakis by doing some sort of GOI subsidy ?

menon s wrote:Like how bank Negara, made a run off , on the Malayan Ringitt, India needs to plan, something that will make PKR fall .
Some sort of currency manipulation, now that their currency is on free float.

A much needed pay back, for printing Indian notes at quetta.

menon s Ji :

Sir their is no need for India to spend it resources. The Terroristani Military, Mullah and others are fully capable of DESTROYING TERRORISTAN.

Let them Do it as Do it they will!

Cheers

S&P BSE SENSEX

Index Current : 37,930.77 - Pt. Change : +537.29 - % Change : +1.44 - $ 1 / 70.2650

Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,46,58,709.68

Market Capitalization of BSE Listed Co. (U S $.) : 2,086.20 Billion

Cheers

Peregrine wrote:

Karan M wrote:Build a wall!!!

Karan Ji :

This wall must be at least 50 feet High, 10 feet Wide and 30 feet Deep - strengthened with Armour Steel Plates and provided with an electronic warning system to obviate any Terroristanis digging a Tunnel under this wall!

Cheers

There is an old joke on this same thing....

One Indian and Paki were going somewhere where they came across one "Aladin ka Chiraag" and they rub it together. The DJinn appears and grants both of them one single wish each.

Paki went first, He said that I want an impenetrable wall around my beautiful country. It should be strong and nothing should pass through it.
Djinn says Poof and voila, a tougher than Faulaad wall appears all across Bakiland.

Indian's turn. Djinn asks, What do you want? He says, Just fill the paki side of this wall with water of my height.

All BRFites should spread the message that hiring Pakis in Middle East will lead to increase in narcotics trade, arms dealing, terrorism threat & potential coup by Wahabbi Islamists against Monarchies in those countries.

PM forms body to control rupee devaluation - Shahid Iqbal | Syed Irfan Raza

ISLAMABAD/KARACHI: A day when the value of the US dollar against the rupee touched an all-time high, Prime Minister Imran Khan set up a committee to control devaluation of the local currency and capital flight from Pakistan.

The committee headed by Adviser to the PM on Finance Dr Hafeez Shaikh was formed on Wednesday during a meeting in which members of the Exchange Companies Association of Pakistan (ECAP) apprised the prime minister about various factors involved in capital flight and devaluation of the rupee against the dollar. The governor of the State Bank of Pakistan (SBP) is a member of the committee.

The committee has been tasked to ascertain whether the provision of carrying $10,000 by anyone who travels abroad from Pakistan can be slashed down to $3,000 as proposed by the ECAP.

Cheers

Gyan wrote:All BRFites should spread the message that hiring Pakis in Middle East will lead to increase in narcotics trade, arms dealing, terrorism threat & potential coup by Wahabbi Islamists against Monarchies in those countries.

Wut?

You think they don't know?

Cheers

Now 1 Indian Rupee is worth 2.11 Pakistani rupees, only 89 paise to go touch 2019 target of 1 Indian rupee equals 3 Pakistani rupees. Suggest Pakistan taken wholesale leather Industry, Wood export and mining, close down power hungry factories and reduce rail services, metros , fuel consuming buses etc.

According to sources from Dubai, PKR will touch 160 by june 11th when the budget is to be presented, and will end at 170, before the IMF program gets the nod from Washington. All part of the prior action agreed with team IMF.

The rice exports to UAE from, Pakistan, the khaima variety rice, will be cheap now.

Peregrine wrote:

Aditya_V wrote:Then I hope 1 Indian Ruppee= 4 Paki RUpees ratio

Aditya V Ji :

Such an act will cause a Super-Duper Destabilized Terroristan. With a Destabilized Terroristan the Terroristanis will be forced to do what the Afghans did when Terroristan Destabilized Afghanisan.

Do you want a minimum 25% to 50% of the Pakistani Population flocking into India?

Heavens Forbid!

Cheers

The Pakjabis are the richest in Pak, they will be invaded by thier own population before any exodus happens, thats Bad Sharief and Bajwa want land near the Indian border.

People are withdrawing money( PKR) from their banks, converting them into US Dollars and depositing it in their dollar accounts, or are moving them out of the country through hundi and hawala.
Footsteps of an economic emergency, is being whispered around.
Seems strange that people can keep dollar accounts in this country?

Peregrine wrote:

Aditya_V wrote:Then I hope 1 Indian Ruppee= 4 Paki RUpees ratio

Aditya V Ji :

Such an act will cause a Super-Duper Destabilized Terroristan. With a Destabilized Terroristan the Terroristanis will be forced to do what the Afghans did when Terroristan Destabilized Afghanisan.

Do you want a minimum 25% to 50% of the Pakistani Population flocking into India?

Heavens Forbid!

Cheers

Population exodus doesn't happen because currency collapse or economy meltdown. There are many contemporary examples of sovereign bankruptcy and yet no population exodus. Yes, few migrate but no mass movement of great scale.

Historically large scale population migration happen due to
1. Civil war, genocide against one community
2. Famine
3. Epidemic
4. Natural disasters such as draught, flood, earthquakes, volcanic activities etc.

A complete economic collapse of pakistan is must and most welcome. There are no foreseeable disadvantages to india.

menon s wrote:People are withdrawing money( PKR) from their banks, converting them into US Dollars and depositing it in their dollar accounts, or are moving them out of the country through hundi and hawala.
Footsteps of an economic emergency, is being whispered around.
Seems strange that people can keep dollar accounts in this country?

menon s Ji :

I hope you remember - possibly in the Mid 1990s - when Nawaz Sharif Instituted the Scheme to take over the Locally held US Dollar Accounts in Terroristan to convert the US Dollars into Terroristani Rupees enable save the Country from the problems of Extremely Low Foreign Reserves. I think it was named Mulk Bachao Karaz Utaro.

Cheers

Peregrine wrote:

Aditya_V wrote:Then I hope 1 Indian Ruppee= 4 Paki RUpees ratio

Aditya V Ji :

Such an act will cause a Super-Duper Destabilized Terroristan. With a Destabilized Terroristan the Terroristanis will be forced to do what the Afghans did when Terroristan Destabilized Afghanisan.

Do you want a minimum 25% to 50% of the Pakistani Population flocking into India?

Heavens Forbid!

Cheers

India has sealed its borders with Pakistan and tightened flows through other saarc countries. Not easy. I have well heeled bangladeshis complaining they cant get Visa to India.

Peregrine wrote:Aditya V Ji :

Such an act will cause a Super-Duper Destabilized Terroristan. With a Destabilized Terroristan the Terroristanis will be forced to do what the Afghans did when Terroristan Destabilized Afghanistan.

Do you want a minimum 25% to 50% of the Pakistani Population flocking into India?

Heavens Forbid!

abhijitm wrote:
Population exodus doesn't happen because currency collapse or economy meltdown. There are many contemporary examples of sovereign bankruptcy and yet no population exodus. Yes, few migrate but no mass movement of great scale.

Historically large scale population migration happen due to
1. Civil war, genocide against one community
2. Famine
3. Epidemic
4. Natural disasters such as draught, flood, earthquakes, volcanic activities etc.

A complete economic collapse of pakistan is must and most welcome. There are no foreseeable disadvantages to india.

abhijitm Ji :

Do not forget the possibly Five Million Afghanistan Refugees rushing to Pakistan - the Payments by the UN in Aid to help these Refugees.

Cheers

Pak rupee Asia’s worst currency: Bloomberg - Desk Report

KARACHI: A renowned economic news outlet has termed Pak rupee worst performer in Asia.

The rupee has plunged more than 20% in the past year, making it the worst performer in a basket of 13 currencies in Asia compiled by Bloomberg.

According to a daily Jang report, Pak rupee depreciated 29 per cent in May alone. The currencies of Afghanistan, Bangladesh and Nepal are stable in comparison with Pakistan’s. One Dollar exchange rate with some Asian countries is as follows: Afghanistan’s Afghanis 79, Indian Rupee 70, Bangladeshi Takka 84, Nepalese Rupee 112, Bhutanese Ngultrum 69, Thai Baht 32. Beyond the region, a US dollar exchanges with South Africa's Rand 14.45.

Cheers

People who have children studying outside Pakistan, mostly in US and Europe are buying dollars. The fee needs to be payed in September, but its better to buy it now, that to buy it then, when it will be 180!

seems almost certain, it will be 180 by September!