Pakistan Economy : Updates and Discussions

Ashwathama said:
We had the best physique and Europeans the worst? Where did you get that from?
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Please do a bit of research on avarage height of Europeans and Indians right from 800BC till date and you will know that my statement is true. One of the reasons among many which forced Alexander to turn away and leave India was that he was told that the Indians in the Gangetic plains are even better built and have massive bodies.
 
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safriz said:
In 1947 Nehru said Pakistan won't last an year..
This is 2018.
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He was right to an extent. Pakistani citizens lost freedom immediately after independence, by 1956 Ayub Khan started interfering with democratically elected government and brought Pakistan under martial law. Ever since that Pakistanis are ruled by Bloated PAKJABIS instead of British. The Pakistan that Jinnah dreamt of is finished from 1956 itself. Not wrong prediction by Nehru only a delay of 6-7 years...☺☺
 
Arvind said:
Traditionally PKR ~ 2 INR which is still maintained to some extent despite sharp decline in PKR. So what is the absolute decline for their currency?
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It's the conditions. Both INR and PKR fell due to internal factors. The Indian economy was badly mismanaged during UPA era, while Pakistan's economy was mismanaged post CPEC. But the difference is the high oil prices killed INR from 2011 to 2013 while PKR's losses are happening even with low oil prices, which means their economic conditions are much worse.

Had it not been for mismanagement under UPA, our exchange rate would have been much better, perhaps in the 55-60 range, or less.

PKR is expected to weaken even further this year. Some say 160, some say 180. So the devaluation is not over yet.

Anyway, in 2014, 1 INR was 1.65 PKR. From 2017 onwards PKR started weakening and fell to 2 PKR by 2018. Now people are talking about 3 PKR for 1 INR by 2020.
 
Arvind said:
Its simple maths. In 2018 I could see 1 PKR = 2 INR and that ratio still maintains. If we see it against common entity USD, the ratio is intact.

You should be more interested in forward trajectory, if PKR keeps the recent one, then gap will widen.
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did you check the 5Y trend?
 
vstol Jockey said:
Please do a bit of research on avarage height of Europeans and Indians right from 800BC till date and you will know that my statement is true. One of the reasons among many which forced Alexander to turn away and leave India was that he was told that the Indians in the Gangetic plains are even better built and have massive bodies.
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This is mentioned in the book Indica I think written by some European as height and build of Indians being a reason for Alexanders retreat.
 
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randomradio said:
PKR is expected to weaken even further this year. Some say 160, some say 180. So the devaluation is not over yet.

Anyway, in 2014, 1 INR was 1.65 PKR. From 2017 onwards PKR started weakening and fell to 2 PKR by 2018. Now people are talking about 3 PKR for 1 INR by 2020.
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Well even though the assumptions behind uncovered and covered interest rate parity do not strictly apply in its entirety, merely taking it as a rough indicator suggests, convincingly, that Pakistan PKR must devalue against INR and USD and all currencies with a lower domestic risk free interest rate (or inflation). @Nilgiri should know more about it.

Then there is the fundamental demand shortfall of PKR internationally and a huge extant demand for USD domestically in Pak, on account of unsustainable current account deficit.
 
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DivineHeretic said:
Well even though the assumptions behind uncovered and covered interest rate parity do not strictly apply in its entirety, merely taking it as a rough indicator suggests, convincingly, that Pakistan PKR must devalue against INR and USD and all currencies with a lower domestic risk free interest rate (or inflation). @Nilgiri should know more about it.

Then there is the fundamental demand shortfall of PKR internationally and a huge extant demand for USD domestically in Pak, on account of unsustainable current account deficit.
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Yep. Troubled times ahead for Pakistan.
 
lcafanboy said:
https://twitter.com/x/status/1121368558573903872
They have started embracing future....
😀😀😂😂😂
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And they are looking "forward" to its multi-purpose use :D:D

1556348367789.png
 
suny6611 said:
@LoneWolfSandeep
what to do to induce delivery pains ?
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Just a month into pregnancy, only a surgeon can induce pains, to deliver prematurely, needs political will.
But delivery will happen economically too, time is relative as per Einstein, and 8 months are far far away. Ball only rolls one direction under gravity.
ya to gulami ma rakhail banagi or hath par gaya bathe gi to bad surgery, ya 4 bacha time hona par.
IK raha to bacha jaldi honga, ab bandook mushi chacu ko messiah samaj rahi hai but undecided. Prey for dim
 
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