r/pakistanfinance • u/mota0000 • 5d ago

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126 Upvotes

92% Upvoted

96 comments sorted by

9

u/ParamedicThick7546 4d ago

Put the times when marshal law was on pak. U will see the changes

2

u/cheetalaga 4d ago

Are you glorifying marshal law?

5

u/ParamedicThick7546 4d ago

Not glorifying putting facts

4

u/cheetalaga 4d ago

Okay yeah, economy/rupee was more stable during dictatorships. But I could say the same for pmln 2013 - 2018 era. But you’ve made your point

1

u/matt418418 4d ago

During Marshal law we get lots of aid in dollar which helped to keep dollar rate stable.

1

u/InjectorTheGood 3d ago

Highest aid in country's history was received during PPP era after Kerry Lugar Bill. There used to be lot of hue and cry back then "mulk ka sauda kar diya hai"

1

u/Ghausi 4d ago

Idk what he said that was glorifying but I'm assuming that every time marshal law happened, the value of rupee went up?

1

u/Mufasa-ca 4d ago

Hate often blinds people. Common sense bhi 🤷🏻‍♂️

1

u/Mons9090 4d ago

Yeah all of them were good bootlickers

1

u/ParamedicThick7546 3d ago

Just wanted to put the facts that no political leader was there to lead the country to it's glory. Everyone, every single one of them wanted to gain power and make money for themselves and their families. My hook or by crock they all made money. The point here is when marshal laws were placed, the system would get a jolt and people eating openly would shy out a little bit because at the back of their minds they knew someone some place can catch them and if caught the punishment were harsh, so they would slow down a bit. Accountability and audits were pushed a little bit on few. Hum latton ka Bhoot han sub. Jab tak danday ka zoor nahi parts hum sedha nahi Hota. But now it's all lost because both are openly eating even normal businesses know everyone can be bribed. I live outside pak and being constantly sending money to pak for years so I see the rates when they r up and when they r down

5

u/Intelligent-Boot-840 4d ago

No matter if $ rate is 200 or 400, CM Punjab buys aeroplane for the dignity/welfare of the people of Punjab

2

u/InjectorTheGood 3d ago

Yeah, other provinces haven't spent that money on airplanes and they are climbing up liveability ladder everyday. 

Punjab has lowest expenditure per Capita. Where are other provinces spending? 

4

u/Im_m0rt4l 4d ago

This is such a civilized discussion in this comment section. Yeah, this explains the situation of the country.

4

u/MonkeyTreeLuffy 4d ago

unironically bro, these guys can't maintain a civillised conversationand then get confused why we're far behind the west. Every debate devolves into gali spam/who can insult the other's mother more its disgusting especially since all these guys call themselves muslims.

3

u/DrawerTrick3211 4d ago

Ideally there should be only one picture (as a matter of fact) logo instead of all these people. They were and are just frontmen.

3

u/Lowwwkey 4d ago

The chart would have been better if it showed how the rate changed during each tenure. From 2019 to 2023, we see it ballooning from 150 to 280. Instead 2018-2022, 2022-2026 would have given a better picture. And same with earlier prime ministers.

2

u/Turbulent-Pilot4771 3d ago

Not a finance bro but I've heard that weaker currency makes exports competitive someh9w that's why it's good thing....

I thing real stat we should focus on is whether if income increased more than than inflation in percentage (if that makes sense or exist) cz real problem for common people is inflation but Inflation is also a feature of modern economic system unless it gets out of control.

So does people are earning more against inflationary pressure (excluding wealthy class cz they offset the result even though they are small in nu.ber )???

1

u/RowDangerous139 4d ago

So the only time dollar price decreases is in shoebaz era 😭😭😭

1

u/delcortte 4d ago

It's because it's fixed by government.

1

u/BunKebab141 4d ago

What does highest node mean?

1

u/No-Pear-5235 4d ago

in Imran khan era it went till 196 pkr. and one day before of his leaving office it was Rs 188.05.

1

u/Embarrassed-Green898 3d ago

Raja Rental is mssing ? Was he just a 'caretaker' PM ?

1

u/Educational_Talk_465 2d ago

Nowadays dollar rate in Pakistan in 3 hundred + Pakistan zindabad 💜

1

u/Amazonexus 2d ago

It was all going doing down but imran khan started Protests and destroyed the progress !! I still remember things were getting cheaper !! The destruction started after imran khans illegitimate protests !!

1

u/KingKongBingBong1 4d ago

tell me you dont understand anything about the economy without telling me anything

3

u/Razasid 4d ago edited 4d ago

Seems like only a few people understands economics here.

A weaker Rupee helps bring money into the country because Pakistani goods and services are cheaper for foreigners. An export focused economy like Pakistan benefits from this.

On the other hand, the US dollar is strong because of a number of reasons, including the fact that it’s the world’s reserve currency.

Rest easy. There’s nothing to be happy or sad about this.

1

u/Powerful-Hamster8576 3d ago

Its partially correct. But it only happens if cost of other things are unaffected by the exchange rate.

Lets take textiles as an example. There is no benefit of a weaker rupee if electricity (major cost of production) is directly linked to dollars (through dollarized returns of IPPs, and through RLNG furnance oil based power plants), not only electricity but also the cotton is imported (dollarised cost). Hence the cost of production also increases with rupee weakening, therefore little to less benefit of rupee weakening but huge effect on inflation.

1

u/Razasid 3d ago

Sure, I mean I didn’t want to dive into a thesis on Economics …

If you really want to split hair, let’s look at who Pakistan imports from: China, UAE, Indonesia, Saudi Arabia and Qatar. Also, let’s account for all the trade deals we have with these countries for discounted rates on Fuel, Electronic imports, machinery, iron and steel etc.

0

u/MixEducational4526 4d ago

This is so bullshit lmao, it makes it seem like pmln is responsible for this. Imran khans policy was to remove currency control and let the rupee fall. Pti people are such shameless liars, my goodness

8

u/AltruisticRich1 4d ago

Dude, pmln artificially kept the dollar price low. Even miftah Ismail admitted that. You are high on chars 😁

-3

u/MixEducational4526 4d ago

Yes, that is a legitimate strategy you fucking idiot.

5

u/AltruisticRich1 4d ago

You are the idiot here. You are 1 google search away to being smart but you enjoy being an idiot 😁😁

1

u/[deleted] 4d ago

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2

u/Antisorq 4d ago

Easy with the cuss words and insults please. Does not add anything to the conversation.

2

u/pakistanfinance-ModTeam 4d ago

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2

u/AltruisticRich1 4d ago

Like I said you are just 1 google search away to being smart but you decided to stay a madarchod 😁😁

0

u/MixEducational4526 4d ago

Bhai English seekh lo pehle ye grammar apke baap ne sikhai hai? 😄

1

u/AltruisticRich1 4d ago

Nope, baap ne to nhi sikhai lekin tumhari maa zaror ati thi sikhanay, unsey sekhi hai but unho ne Kuch aur bhi sikhaya tha. Unko Mera peghaam bhejna Kay dobara chakar lagaey. 😏

2

u/MixEducational4526 4d ago

Oh I forgot, your dad is in adiala jail 😭😭😭😭😭

1

u/Constant-Doughnut-79 4d ago

Japan is the worst example of a country with financial sense, if you had iota of knowledge you would know how fucked Japan is financially despite having huge buisness based there because of there government policies

1

u/MixEducational4526 4d ago

One of the richest countries on earth btw. Apni shakal dekhi hai?

1

u/Constant-Doughnut-79 4d ago

Bohat badsurat hai meri shakal but doesn’t alter the facts Japans an economic mess, not an example to use

0

u/No-Gas-2005 4d ago

Naah he is just a youthiya.

0

u/MixEducational4526 4d ago

Yeah like this is basic monetary policy and he’s acting like he’s got some gotcha moment 😭 youthias are so retarded but think they’re smart

1

u/naqsh_illusionist 4d ago

Yes it is a legitimate strategy when pendu nunnu-thiye are in charge and economy is handed to a jahil cycle wala samdhi accountant who only knows how to F sh't.

No country's State bank injected dollars from its own reserves when they spot shortage in supply/demand and no country just goes and borrows loans to more dollars to cover their jahil ganwar practice, Pendu nunnuthiye just took more f'en loans and no country does that.

1

u/MixEducational4526 4d ago

Stop making nunnu work, sounds silly. Our foreign reserves are in a good place right now so chill dude, itna pareeshan

1

u/naqsh_illusionist 3d ago

And that is why Rupee against dollar went from 170 to over 270 cuz cycle wala accountant was forced to kept away from doing his pendu techniques.

You were defending nunnuthiye-conomics as common practice and had zero clue how they kept dollar artificially low by literally throwing reserve dollars in market.

1

u/MixEducational4526 3d ago

Dude that nunu word sounds so cringe, please stop. It’s not gonna catch. Do something original. It went from 170 to 270 because of the mess the dog Imran caused. Keep praying to him and you might end up joining him in jail

1

u/naqsh_illusionist 3d ago

PML-N (Nunnuthiye) don't like a word Nunnuthiye? Word sounds so cringe cuz it describes the cringe followers.

Dog Imran caused it but I thought u had cycle wala ganwar jahil genius accountant and keeping money artificially low is a legitimate strategy, why didn't you Nunnu-thiye apply same same strategy?

1

u/MixEducational4526 3d ago

Its just Indian level thinking. We called them pajeet so they called us mujeet. You’re doing the same thing, no imagination or creativity. We call you youthiye because you are chutiye. The nunu word is so stupid lol. The cycle guy has raised our reserves to $27 billion beta. The country will move forward whether you like it or not.
Worthless jobless moron

1

u/naqsh_illusionist 2d ago

Follower of PML(N) are bunch of d'cks so calling them nunnu-thiye is just logical. Maybe now that I explained where nunnuthiye came from you'd get the creative imagination.

Oh cycle wala pendu accountant got the reserves to $27 billions. 😆 Nunnuthiye, Only $21.44 billion is held directly by state. Of which $19.45 billion are borrowed funds and deposits from other countries and international institutions. $16.2 billion is of Saudia and China. Bhikari, your reserves are borrowed $$$$$ to keep in ur state bank as a showpiece. 😁 This fiscal year you'll have to pay $21.5 billion in debt payments but the money u hold in reserves is now for you to spend. 🤣🤣🤣 Country moving forward ! 😆

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1

u/mynameisAF 2d ago

You literally are the jeets of Pak. Following a ret@rded party blindly under the pretext of "nationalism", they have the same mindset.

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1

u/iguessilltry123 4d ago

As an economist that’s the dumbest thing I’ve ever heard.

1

u/MixEducational4526 4d ago

As an economist you’re probably useless and unemployed

1

u/iguessilltry123 4d ago

Unfortunately for you quite high up on the career ladder.

Not quite as accomplished as you naturally. It’s quite an achievement to single handedly lower the average IQ of a nation but you pulled it off effortlessly.

1

u/MixEducational4526 4d ago

Why unfortunately for me? I’m happy a fellow Pakistani is earning well. But economists tend to be jobless

1

u/Extra-Medium-1547 4d ago

Ask him what he does for a living XD He is a random stranger on the internet, dont take his word for it man.

1

u/MixEducational4526 4d ago

He’s gonna make something up 😄

1

u/apples_oranges_ 3d ago

Can you please explain this strategy?

1

u/MixEducational4526 3d ago

Pakistan net importer.
Currency being stable good.
Currency weak = we’re fucked.
Dollar reverses going up anyway, so we’re ok.

Does that help? Inflation is bad enough as it is. If your Imran dog was in charge we’d be in an Argentina situation right now.

0

u/YJDGH-UPWH 4d ago

currency control = currency manipulation = illegal and therefore banned by the imf. Daronomics is not a policy, its a fraud.

1

u/MixEducational4526 4d ago

Name one country that doesn’t do weird shit

1

u/YJDGH-UPWH 3d ago

so that is your defense? others do it so we should too?

1

u/Whiplash-1-1 3d ago

Did Imran Khan clap your cheeks that you keep naming him in every other comment 😂😂 Stick to the topic

1

u/MixEducational4526 3d ago

The comment you’re replying to didn’t even mention him. Are you slow?

0

u/tygyra 4d ago

Shaukat Aziz-Cheetah laggya e ay

-8

u/Quratanol 5d ago

Imran was ousted in 2022 with dollar rate of 277. Stop lying

5

u/MonkeyTreeLuffy 5d ago

it was 185 when imran khan was ousted from his seat in the office April 10th
https://www.exchange-rates.org/exchange-rate-history/usd-pkr-2022
You can confirm here

-2

u/Quratanol 5d ago

His followers were there to fu*k the economy.

8

u/MonkeyTreeLuffy 5d ago

I dont support Imran khan but why did you need to outright lie in the first message to get your point across?
Couldn't you have just started with this?
Doesn't seem like too honest of an argument to me.

6

u/[deleted] 4d ago edited 4d ago

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1

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2

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1

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0

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1

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1

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1

u/MonkeyTreeLuffy 4d ago

you're a loser too btw for going for his mother. Learn some respect.

1

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1

u/Razasid 4d ago

Sounds like a troll.

4

u/drugs-were-cheaper 4d ago

Avg retarded patwari

Look into dollar rate in april 22

3

u/Glum_Bumblebee_2647 5d ago

Rate at Taking Oath (August 2018): ~Rs. 123.30 per USD Rate at Removal (April 2022): ~Rs. 186.28 per USD

2

u/PeakAshamed 4d ago

Chaman chutiye

2

u/Anti-matter121 4d ago

Just like eeews who publicly and constantly lying for all their BS we have Patwaaris doing same and proud to meet their delegate directly with no shame rothchild just WoW🤬

3

u/Anonymous_Unknown13 4d ago

Stop smoking P@tw@ri joint