US dollar hits all-time high of Rs142 in interbank market

[Hiraa]

Its seems rupee is recovering

https://twitter.com/x/status/1068409424941858818

 

[BHarwana]

Yes true, people with small capital hit very hard -- just imagine, a man who sold his goods @135, wakes up today to find out that he has to pay @145, woa toa mar gaya bechara.

This is the classic way to rip off people of their hard earned wealth overnight.

Price is back at 136 now what who did it?

 

[shah_123]

What is the current dollar price?



Yes I voted them have I denied it?
Nope I have not denied t and I made a good decision for my country.

Please check the current dollar price and update plz will you or should I do it?

Lunch break in banks right now.

 

[BHarwana]

Its seems rupee is recovering

https://twitter.com/x/status/1068409424941858818

This is very sad and very bad

Lunch break in banks right now.

Lunch break nahi jummah hai par dollar recovered before jummah. I did not wanted to spoil your fun and end happy hour.

 

[bafxet]

The rise in dollar comes owing to the widening current account deficit and International Monetary Fund's (IMF) suggestion to the government to realign the rupee with market fundamentals to access funds.

Further, the State Bank of Pakistan is set to announce its monetary policy today and the market expects an increase in the interest rate which could be reflecting on the dollar rate. The current policy rate is 8.5%.

The latest devaluation of the rupee has taken the total debt owed by Pakistan to Rs760 billion.

There are slim chances of the dollar reducing by any significant amount. It is expected to hover between Rs140 and Rs150 in the coming weeks because the International Monetary Fund has signalled further devaluation in the rupee as one of its bailout conditions.

Inflation will increase, and so will gas and petrol prices. Transport fares will also increase as a result.

Hats off to Dar who kept dollar under check even in the turbulent times when sanctions were imposed after neuclear destinations.

 

[BHarwana]

But this is bad news we need depreciated rupee to boost export we need that to happen.

 

[CHACHA"G"]

I do understand what r u saying, majority of mummy daddy kids never bother about dollar a prices or pkr for them everything is doing well prices are same as always. Devaluation willw increase our innovative industry exports many folds. Imports are curse now we canc make high ende laptops , chips, heavy machinery, Mobiles ourselves. They understand in their homes 80% things will have something from abroad.

I am in this business too. What do you import?

different items , from cloths to paper , from ink to chemicals …. from led lights to generators …. basically imports according to seasons , demand , profit , market , etc ……
Sir g not a big fish , but a good middle class importer ….. as many other Pakistanis .

 

[BHarwana]

Very bad and very sad rupee has recovered

 

[shah_123]

This is very sad and very bad


Lunch break nahi jummah hai par dollar recovered before jummah. I did not wanted to spoil your fun and end happy hour.

I don't know what's going on in your mind, but I will be happy if it comes down and down.

See I was never interested which monkey/donkey rules Pakistan, I think I have told you this many times.

 

[Champion_Usmani]

Man try to b realist who told you prices are same as PmLn left. You have to go outside your home to check the reality. Everythinh has increased even domestic veg has incresed and the reason they give is dollar has imcresed, wheat is 40 per kg, petrol is up, mobile prices has increased, laptop prices has increased, car prices has increased, milk prices has incresed, urea prices have increased, gas prices have increased,

Can you tell me what exactly local industry prices have decreased or.remained same can you enlist commodities and their prices so every one will know. We will accept your argument whole heartedly.

Recently i have bought Honda Pridor, it was at Rs. 87,400 before PTI govt. i bought in Rs. 91,000 now current Price is 92,400, and i suppose will go up more with current hike in dollar rate, just quoting an example of price hiking in the country after PTI comes to power.

https://www.atlashonda.com.pk/pridor-red/

 

[CHACHA"G"]

@145, woa toa mar gaya bechara.

That is what will going to happen , even with me...……. that is what I am saying ,,,,,,, if importer increase price that will decrease sell .

 

[shah_123]

Its seems rupee is recovering

https://twitter.com/x/status/1068409424941858818

This up and down hurts business community.

 

[BHarwana]

I don't know what's going on in your mind, but I will be happy if it comes down and down.

See I was never interested which monkey/donkey rules Pakistan, I think I have told you this many times.

My friend dollar going up means we earn more foreign exchange and our exports go up and outflow of our cash reduces.

This up and down hurts business community.

State bank buying dollar is good or liquid reserves. It helps Pakistan.

That is what will going to happen , even with me...……. that is what I am saying ,,,,,,, if importer increase price that will decrease sell .

Then man change your business from importer to exporter.

Now you all happy dollar again low?

But I am sad because it is not good for economy.

 

[HttpError]

Is it going to hit 200? Well, at this rate it isn't impossible either.

 

[CHACHA"G"]

My friend dollar going up means we earn more foreign exchange and our exports go up and outflow of our cash reduces.



State bank buying dollar is good or liquid reserves. It helps Pakistan.

As I said before , I will say it again ….
If we have small and medium level industry in Pakistan , very strong one . then low rupee will be very helpful for whole Pakistan...…
But realty is .
We are importing pampers , cosmetics , basic chemicals , inks , medicines , food items , hell you name it we are importing it …….
To all of our elite ::::::: Please , please build industry in Pakistan , build manufacturing unties (not assembly line) ……….. Please increase our own industrial output , so we can at least meat our local demand , then you can decrease Rupee I don't mind actually no one will mind ….
Right now we are import base economy , and any increase in dollar price will hurt 200 million Pakistanis directly …..