Lahore Real Estate Forum

Start NEW Topic Or Post Advertisment

                                                          
 
Back to Forum |

Pak Rupee to shed further,

(51232)
   Mohsin
Thursday, January 29, 2009 04:27 AM 
Reply: >
As salamu alaikum

In today's newspapers, there is a statement from the Governor SBP that Pakistan Rupee is going to shed further within comming week. The US Dollar is expected to rise upto Rs. 85/=

The imact of the devaluation of Rupee will be :

1. Increase in Gold Prices
2. Increase in Car prices (new and 2nd hand)
3. Increase in the prices of all imported items

All concerned to make necessary arrangements

Allah Haifz
Rehmat Ali replied on Thursday, January 29, 2009 04:51 AM 

SBP can not decide. It is the market which will decide. I do not see any reason to panic and for your information it will revolve around 79 and 80 for next few months.

Regards.
information replied on Thursday, January 29, 2009 04:54 AM 

i think Mohsin wants to buy some property.
ZB replied on Thursday, January 29, 2009 05:13 AM 

DearRehmat / Information

It is not the assumtion of Mohsin this is what governor state bank said have a look of this link for satisfaction

https://www.lahorerealesate.com/pakrealestatetimes/showthread.php?tid=2642
Perspective replied on Thursday, January 29, 2009 08:22 AM 

This is the assertiong made by Governor SBP

"Governor State Bank of Pakistan, Salim Raza, hinted further depreciation of the rupee by Rs 2 to Rs 3 against US dollar after burden of financing furnace oil import would be shifted on the interbank market.

However, he hoped this would only be a short-lived depreciation and rupee would come back to Rs 79 to Rs 80 per dollar."

You are free to judge yourself what would be the impact.
yessss replied on Thursday, January 29, 2009 09:31 AM 

I think the lower the rupee, the more foreign currency is going to flow into Pakistan. If the rupee hits 100rs to the dollar, I am sending in BIG money to take advantage. Once my money is in Pakistan, I will spend it in Pakistan. Pakistan needs money and spending. It is a win-win for me and for Pakistan. no ?
Mohsin replied on Thursday, January 29, 2009 10:01 AM 

Dear yess
When the Dollar will be Rs. 100/= all related items will be expensive accordingly. Petrol, cars, gold, transportation and all other items of daily use even property
Waqar Latif replied on Thursday, January 29, 2009 10:30 AM 

@Mohsin

it wont effect yes he is a pakistani who is earning in dollars... & doesn't matter what gonna happen to pakistan or other pakistanis... he is also a pakistani like us... selfish
Asim replied on Thursday, January 29, 2009 01:36 PM 

@Waqar Latif

How come he is selfish? Pakistanis abroad are helping alot by sending money to Pakistan. Property & Other mafia in Pakistan are big time selfish. Why land is so expensive where local Pakistanis cannot afford to purchase any? all because of local mafia.
Ali11 replied on Thursday, January 29, 2009 02:55 PM 

@ mohsin

STOP MISLEADING PEOPLE. NO ONE KNOWS ABOUT FUTURE.

I have seen here Mr. CMY saying for sure that dollar was going to touch Rs. 100, it never did. The current situation of currency market, depreciating pound suggest that rupee will appreciate vs dollar. No one sees dollar appreciating, no reaon for it.
Advise replied on Friday, January 30, 2009 12:41 AM 

Ali11 sahib,

You should consider moving to "Swat".
Waqar Latif replied on Friday, January 30, 2009 04:15 AM 

@Asim

i guess you haven't read the post above me... if you would then you will know how he is selfish.. they don't send money to pakistan for pakistanis.. but to buy property, lands, or help their family.. after all everyone has in mind that one day they will return back home... & also it is obivous if you are not willing to pay 20 rupees of 10 rupee thing, then the price never will go up.. But yes property dealers are also responsible for this..

& it is not a hidden truth.. we all pakistanis are selfish.. btw yes, the dollar rate gonna up for 3-4 rupees in some days...
>