Massive Foriegn Exchange Scandel In Process

You must be all aware that Pakistan Rupee has devaluded considerably against the US Dollar in last 2 months or so. In fact, Pak Rupee must be one of the few currencies in the world which is losing value against a continously weaking US Dollar.

in the whole world people are selling off the weakning dollar to get rid of it with is going down, unfortunatly the oppersite is happening in pakistan people want to get rid of the rupee and get the dollar and the amazing thing about this is that the gov. has blocked off the buying off dollar and no exchange in pakistan is offering the dollar, how ironic when the whole world is trying to sell it off.

its amazing how media covers steel mils, wheat, stock market scandels and has given a blind eye to this.

Re: Massive Foriegn Exchange Scandel In Process

pakistans foriegn exchange reserves slip from 15 billion last year to 9 billion

http://www.cricketime.com/images/smilies/69.gif

http://www.cricketime.com/images/smilies/69.gif

democrazy zindabad,

Re: Massive Foriegn Exchange Scandel In Process

http://thenews.jang.com.pk/updates.asp?id=45129

KARACHI: The foreign exchange reserves of the country have witnessed a slide of 355.5 million dollars and now stand at 9.92 billion dollars – lower than 10 billion.

According to the figures released by the State Bank of Pakistan (SBP), the foreign exchange reserves of Pakistan fell below 10 billion dollars for the first time after 2003.

Banking experts say the decline in reserves is being seen because the SBP has supplied large quantity of dollars in the market to stabilize the value of rupee against dollar.

Re: Massive Foriegn Exchange Scandel In Process

This is the first gift from this government....Aagay aagay dekhyaay hota hai kiya.

Re: Massive Foriegn Exchange Scandel In Process

its demon crazy at its best, food prices have gone up by 500% since last gov, left. load shedding is at its worst, awaam is bookaa and nanga, while our 2 great leaders are making declarations after declarations in 5 star hotels around the world.

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yaar haath halka rakho thora... 500% since the new govt? I hope you are not trying to set a new record of lies.

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Japanese Yen was around 105 around 3-4 months ago, it slid down to 97 around a month later , guess where it is now.

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But I thought it went up because people get more hungry with the boom boom shaukat aziz economy, and have more money to eat Atta now?!? :hehe:

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Yaar look on the bright side. The judges will be restored on 12 May 2008 and everything will be alright. Only three more days to wait now. Why else would the govt. give the restoration of judges the priority and galavant around the world making 'declarations'?

Re: Massive Foriegn Exchange Scandel In Process

mr ehtasab it was reported on a show on geo by a mush hater so why would anyone even be lieing.

just look at the price of atta a KG was just Rs. 10 last year and now is at Rs.32 going up faster then a concord.

Re: Massive Foriegn Exchange Scandel In Process

Maybe a devalued Rs is a blessing in disguise...people can export more and will import less...

Re: Massive Foriegn Exchange Scandel In Process

May be you should read on this in detail here(thread was created in Jan '08 when Mushy was still holding all powers etc.)