Say what you will about PML they can handle basic economics

[waleedhbk]

Re: Say what you will about PML they can handle basic economics

@Silaaj

At the risk of sounding redundantly conflicting, our exchange rate IS artificially being kept low. Remember we have $550 million coming in every 3 months from IMF. That is more than enough to keep the rate in check.

Secondly, Pakistan’s trade deficit has been at peak levels recently. April 2014 I believe recorded the second worst trade deficit in Pakistan’s history (after Jan 2014),so not sure how the economy is benefiting from this ‘stable’ exchange rate. Our industrialists may be benefiting from lower import costs, but doesnt look like those benefits have been translated into shelf prices.

So to rephrase your thread title, Id say that ‘Say what you will about PML they can manipulate basic economics’

\

Silaaj owning every Noonie since 1885