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Pak Rupee Improving,

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   Habib
Monday, April 18, 2011 06:29 AM 
Reply: >
Pak Rupee improved almost 1 Pupee against Dollar what is reason? Dollar on free fall??
Sleepless replied on Monday, April 18, 2011 07:10 AM 

so is it a good time to invest in dollars? Because its very rare that ruppee goes up and almost always, it slides back down.
Khan replied on Monday, April 18, 2011 07:28 AM 

I think it is related to the situation in Middle East. Most of the Pakistanis are sending money back to country and that is why remittance increases of max in March 2011.
ww replied on Monday, April 18, 2011 08:25 AM 

there are multiple factors. yes overseas pakistani are sending money to pakistan on the other hand pakistan industry is shut down and there are no industrial imports so no payments in dollars instead govt is taking loans and aid in dollars.
Ch. Yousaf replied on Monday, April 18, 2011 08:54 AM 

This jump is temporary which might over in another 3 months. This is happening because in local markte more dollers are available than required. One of the factor is situation in Middle East. But soon it will over. Other than this Pakistan's new fiscal year is coming and it is old tactics of govts to show Rupee is strong during that time so that no rumors spread in the market regarding the budget. In my view, coming debt payments, increase oil price, improving ME situation will soon let our Rupee to fall.
pakistan_lover replied on Monday, April 18, 2011 10:47 AM 

hayay our greedy mentality

Rupee is going up and people are praying that dollar will kick back and they will earn few bucks...........

think big .........for your country.......greeddyies
AG replied on Monday, April 18, 2011 11:20 AM 

Shabassah Pakistan Lover. Keep it up.
Ch. Yousaf replied on Monday, April 18, 2011 01:04 PM 

@Pakistan Lover

Brother no one has shown any greed due to fall or raise of Pak Rupee. Here we discussed what is happening and what will happen.

It is easy to criticize. Do you have any plan to strengthen currency.
Advice ... dont just read the message, also try to understand.
ASK replied on Monday, April 18, 2011 03:13 PM 

I dont think it is the Rupee that is gaining but the Dollar is going down globally. Look at the Canadian Dollar. Other currencies like the Euro and Canadian Dollar are actualy going up against the Rupee and the Dollar.
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