عمرانیو -- دیکھو عمران خان نے اسحاق ڈار کو نوکری پر رکھ لیا ہے

Rajarawal111

Chief Minister (5k+ posts)
عمرانی بوجے جب تماشا کرتے ہوۓ اسحاق ڈار کا نام سنتے تھے تو ساتھ میں الٹبازیاں بھی لگاتے تھے اور غصہ دیکھانے کا ایٹم کرتے تھے
اب عمرانی بوجے خوشی کا اظہار کیا کریں گے - کیوں کہ جو اسحاق ڈار کرتا تھا اب عمران خان نے بھی کرنا شروع کر دیا ہے --- روپے کو مصنوعی کرتوتوں کے کنٹرول کرنا والے کام


SBP injects $1.2b to stabilise rupee​

ISLAMABAD:
The State Bank of Pakistan (SBP) pumped $1.2 billion into the inter-bank market in three months to defend the weakening rupee but could not stop the local currency from falling to a historic low, highlighting the cost of expansionary policies without fixing the structural economic flaws.

The $1.2 billion injection into the foreign exchange market is contrary to the stated policies of the central bank, International Monetary Fund (IMF) and finance ministry, as all the three institutions claim that the rupee value is determined by market forces.


From mid-June to the first week of September, the central bank injected $1.2 billion out of its reserves, government sources told The Express Tribune. The maximum single-day injection of $100 million was made in July, followed by $85 million in August, they added.

The central bank reserves are built by taking expensive foreign loans like floating the Eurobond and issuing the expensive Naya Pakistan Certificates. The $1.2 billion injection was slightly higher than the $1 billion Eurobond loan that Pakistan took at 5.9% to 8.5% interest rate in July this year.

With the fresh injection, at least $5.8 billion has been thrown in the inter-bank market during the tenure of Pakistan Tehreek-e-Insaf (PTI) government to maintain an artificial value of the rupee.

Neither the Ministry of Finance nor the central bank explicitly denied that the SBP threw dollars in the market to defend the rupee.

“FX management is the sole responsibility of SBP and Finance Division does not interfere,” said the Ministry of Finance while responding to a question whether the SBP pumped money with the consent of the ministry.

“Since June 2019, Pakistan has adopted a market-based flexible exchange rate system, where the exchange rate is determined by market demand and supply conditions. Under this system, the role of SBP’s interventions in the FX market is limited to prevent disorderly market conditions, while not suppressing an underlying trend,” said SBP chief spokesman Abid Qamar.

However, sources said that the $1.2 billion did not fall under the category of intervention “to prevent disorderly market conditions”. They said that the move was against the fundamental policy of market-determined exchange rate and the central bank would have to explain this to the IMF during upcoming talks.

Qamar said that “when the exchange rate does not reflect realistic market conditions it can contribute to unsustainable current account deficits and repeated balance of payments problems”. SBP does not comment on speculations about market interventions, he added.

The chief spokesman neither denied nor confirmed that the central bank threw $1.2 billion in the market to defend the rupee.

But even the $1.2 billion injection could not stop a steep devaluation of the currency that eventually dipped to Rs168.94 to a dollar from Rs155.74 when the central bank started throwing money in the market.

The Pakistani currency hit an all-time low of Rs168.94 against the US dollar in the inter-bank market on Tuesday. The rupee has lost 7.28% or Rs11.51 to date since the start of the current fiscal year on July 1, 2021. This was despite the fact that since July the SBP threw $815 million in the exchange market, sources added.

The country’s external sector has started coming under pressure after the government adopted expansionary fiscal and monetary policies without first fixing the fundamental problems.

Like the PML-N government, the PTI government too is financing economic growth through debt, which is highly unsustainable, according to market analysts.

An Asian Development Bank study has come to the conclusion that with its existing structural problems, Pakistan is prone to the balance of payments crisis the moment its economic growth crosses 3.7%.

The country’s imports peaked to a new two-month record level of $12.1 billion in July and August, causing a $7.5 billion deficit, up by 120%.

“The trade deficit will increase but there is no need to worry about it,” Finance Minister Shaukat Tarin said on Tuesday while addressing a press conference.

He hoped that the trade deficit would be manageable, saying that if the economy over-heated the government would do some “tweaking”.

It is not for the first time that the central bank has pumped money into the inter-bank market to artificially defend the rupee.

The official record showed that from July 2012 to July 2013, the central bank pumped $3.43 billion into the inter-bank market.

Published in The Express Tribune, September 15th, 2021.

Like
Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

 
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Rajarawal111

Chief Minister (5k+ posts)
یار کوئی منشی ول بائٹ کو بلا لاے پلیز --- جب سے میں نے اس کی روپے کی فری فلوٹی پر اس کی لال کرنی شروع کی ہے اس گیدڑ نے مجھے بلاک ہی کر دیا ہے

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Will_Bite
 

Worldtronic

MPA (400+ posts)
عمرانی بوجے جب تماشا کرتے ہوۓ اسحاق ڈار کا نام سنتے تھے تو ساتھ میں الٹبازیاں بھی لگاتے تھے اور غصہ دیکھانے کا ایٹم کرتے تھے
اب عمرانی بوجے خوشی کا اظہار کیا کریں گے - کیوں کہ جو اسحاق ڈار کرتا تھا اب عمران خان نے بھی کرنا شروع کر دیا ہے --- روپے کو مصنوعی کرتوتوں کے کنٹرول کرنا والے کام


SBP injects $1.2b to stabilise rupee​

ISLAMABAD:
The State Bank of Pakistan (SBP) pumped $1.2 billion into the inter-bank market in three months to defend the weakening rupee but could not stop the local currency from falling to a historic low, highlighting the cost of expansionary policies without fixing the structural economic flaws.

The $1.2 billion injection into the foreign exchange market is contrary to the stated policies of the central bank, International Monetary Fund (IMF) and finance ministry, as all the three institutions claim that the rupee value is determined by market forces.


From mid-June to the first week of September, the central bank injected $1.2 billion out of its reserves, government sources told The Express Tribune. The maximum single-day injection of $100 million was made in July, followed by $85 million in August, they added.

The central bank reserves are built by taking expensive foreign loans like floating the Eurobond and issuing the expensive Naya Pakistan Certificates. The $1.2 billion injection was slightly higher than the $1 billion Eurobond loan that Pakistan took at 5.9% to 8.5% interest rate in July this year.

With the fresh injection, at least $5.8 billion has been thrown in the inter-bank market during the tenure of Pakistan Tehreek-e-Insaf (PTI) government to maintain an artificial value of the rupee.

Neither the Ministry of Finance nor the central bank explicitly denied that the SBP threw dollars in the market to defend the rupee.

“FX management is the sole responsibility of SBP and Finance Division does not interfere,” said the Ministry of Finance while responding to a question whether the SBP pumped money with the consent of the ministry.

“Since June 2019, Pakistan has adopted a market-based flexible exchange rate system, where the exchange rate is determined by market demand and supply conditions. Under this system, the role of SBP’s interventions in the FX market is limited to prevent disorderly market conditions, while not suppressing an underlying trend,” said SBP chief spokesman Abid Qamar.

However, sources said that the $1.2 billion did not fall under the category of intervention “to prevent disorderly market conditions”. They said that the move was against the fundamental policy of market-determined exchange rate and the central bank would have to explain this to the IMF during upcoming talks.

Qamar said that “when the exchange rate does not reflect realistic market conditions it can contribute to unsustainable current account deficits and repeated balance of payments problems”. SBP does not comment on speculations about market interventions, he added.

The chief spokesman neither denied nor confirmed that the central bank threw $1.2 billion in the market to defend the rupee.

But even the $1.2 billion injection could not stop a steep devaluation of the currency that eventually dipped to Rs168.94 to a dollar from Rs155.74 when the central bank started throwing money in the market.

The Pakistani currency hit an all-time low of Rs168.94 against the US dollar in the inter-bank market on Tuesday. The rupee has lost 7.28% or Rs11.51 to date since the start of the current fiscal year on July 1, 2021. This was despite the fact that since July the SBP threw $815 million in the exchange market, sources added.

The country’s external sector has started coming under pressure after the government adopted expansionary fiscal and monetary policies without first fixing the fundamental problems.

Like the PML-N government, the PTI government too is financing economic growth through debt, which is highly unsustainable, according to market analysts.

An Asian Development Bank study has come to the conclusion that with its existing structural problems, Pakistan is prone to the balance of payments crisis the moment its economic growth crosses 3.7%.

The country’s imports peaked to a new two-month record level of $12.1 billion in July and August, causing a $7.5 billion deficit, up by 120%.

“The trade deficit will increase but there is no need to worry about it,” Finance Minister Shaukat Tarin said on Tuesday while addressing a press conference.

He hoped that the trade deficit would be manageable, saying that if the economy over-heated the government would do some “tweaking”.

It is not for the first time that the central bank has pumped money into the inter-bank market to artificially defend the rupee.

The official record showed that from July 2012 to July 2013, the central bank pumped $3.43 billion into the inter-bank market.

Published in The Express Tribune, September 15th, 2021.

Like
Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.


Two years before PTI govt injected more than USD4 billion for this purpose.
 

Worldtronic

MPA (400+ posts)
Imran khan really disappointed in a way he was not able to catch harami, kutti key bachay who looted and plundered the country and now everyone has to pay the price
If he was able to recover the money from Harami Shareef and Zardari then story would have been different by now

Aur joo kuttya kay bachay abhi loot rahay hain. un haramio ka kia krain.
 

Rajarawal111

Chief Minister (5k+ posts)
Imran khan really disappointed in a way he was not able to catch harami, kutti key bachay who looted and plundered the country and now everyone has to pay the price
If he was able to recover the money from Harami Shareef and Zardari then story would have been different by now
And you know what? On top of this Imran Khan said in the Anthony Aevens Arbitration court that ""no Sir no, the Panama JIT lied. NS looted 8 times less than what JIT said""
Isn't that even more disappointing to you???
 

Dr Adam

Chief Minister (5k+ posts)

سردیوں کے دن تھے، ایک روز شام ڈھلے راجے کا گرم گرم مونگ پھلیاں کھانے کا موڈ ہوا
اسکی گلی کے نکڑ پر ایک پٹھان بھائی کی ڈرائی فروٹ کی دکان تھی، اسکے پاس چلا گیا
دکان میں ہر طرف بڑے قرینے سے مختلف اقسام کے ڈرائی فروٹ اور میوے سجے ہوئے تھے
راجے نے دل میں سوچا یہ پٹھان احمق سا لگتا ہے اس کا ذرا چیزہ لیتے ہیں
سامنے بادام پڑے تھے انکی طرف اشارہ کر کے پوچھتا ہے خان صاحب انکے کھانے سے کیا ہوتا ہے ؟؟
پٹھان بھائی نے غور سے راجے کو دیکھا اور پوچھا: ماڑا تُو کوئی پٹواری تو نئیں ایے ؟؟
لیکن ساتھ ہی خان کے دل میں آیا کہ گاھک ہے ناراض ہو گیا تو خوامخواہ کی دیہاڑی ماری جائے گی
بولا: الله کی اس نعمت کے کآنے سے دو منٹ میں دماغ تیز او جاتا ایے
راجہ: میں نہیں مانتا یہ بات
خان: اچھا یہ بتا کہ ایک کلو چاول میں کتنا دانہ ہوتا ہے ؟؟
راجہ: پتا نہیں
پٹھان نے راجے کو دو بادام کھلائے اور پوچھا: اچھا اب بتا ایک درجن میں کتنے مالٹے ہوتے ہیں ؟؟
راجہ: ١٢
پٹھان: دیکھو دماغ تیز ہوا ناں ؟؟

راجہ: ٢ کلو دے یار! یہ تو بڑے کام کی چیز ہے
 

Rajarawal111

Chief Minister (5k+ posts)

سردیوں کے دن تھے، ایک روز شام ڈھلے راجے کا گرم گرم مونگ پھلیاں کھانے کا موڈ ہوا
اسکی گلی کے نکڑ پر ایک پٹھان بھائی کی ڈرائی فروٹ کی دکان تھی، اسکے پاس چلا گیا
دکان میں ہر طرف بڑے قرینے سے مختلف اقسام کے ڈرائی فروٹ اور میوے سجے ہوئے تھے
راجے نے دل میں سوچا یہ پٹھان احمق سا لگتا ہے اس کا ذرا چیزہ لیتے ہیں
سامنے بادام پڑے تھے انکی طرف اشارہ کر کے پوچھتا ہے خان صاحب انکے کھانے سے کیا ہوتا ہے ؟؟
پٹھان بھائی نے غور سے راجے کو دیکھا اور پوچھا: ماڑا تُو کوئی پٹواری تو نئیں ایے ؟؟
لیکن ساتھ ہی خان کے دل میں آیا کہ گاھک ہے ناراض ہو گیا تو خوامخواہ کی دیہاڑی ماری جائے گی
بولا: الله کی اس نعمت کے کآنے سے دو منٹ میں دماغ تیز او جاتا ایے
راجہ: میں نہیں مانتا یہ بات
خان: اچھا یہ بتا کہ ایک کلو چاول میں کتنا دانہ ہوتا ہے ؟؟
راجہ: پتا نہیں
پٹھان نے راجے کو دو بادام کھلائے اور پوچھا: اچھا اب بتا ایک درجن میں کتنے مالٹے ہوتے ہیں ؟؟
راجہ: ١٢
پٹھان: دیکھو دماغ تیز ہوا ناں ؟؟


راجہ: ٢ کلو دے یار! یہ تو بڑے کام کی چیز ہے
😁 😁 😁
پٹواری ہے ای معصوم قوم اے جی
 

Okara

Prime Minister (20k+ posts)
Ooy Posting Indian contents ???? Toba Toba
Chal Putar there is an assignment for you. Count and tell me how much treasury bonds have been sold by both Govts.

It will need a little bit of research. Hope I did not trigger another stomach khrabi for you
When was last time you do any research posting anything? Lets do this time and share how many Euro Bonds issued by PMLN vs PTI?
 

Munawarkhan

Chief Minister (5k+ posts)
So finally you accept that PMLN policy or injecting dollar was wrong and brought the biggest economic disaster faced in the history of Pakistan.

Actually you don’t even have to accept it, Dar’s successor, Moftah Ismael immediately had to change this policy leading to free fall of Rupee, of course because od the bad economic policies of PMLN from 2013-2017.

Now this current fall of Rupee is due to 2 main factors

1. Afghan uses to deal in dollars, & both trade n deal stopped.
2. Global shopping crisis leading to higher imports + also imports of vaccines

Don’t know if what they are doing is right or wrong, but we trust Raza Baqir, he knows what he’s doing for our country.
Also I will always doubt news that doesn’t cross verify and only publishes based on “sources told me”

عمرانی بوجے جب تماشا کرتے ہوۓ اسحاق ڈار کا نام سنتے تھے تو ساتھ میں الٹبازیاں بھی لگاتے تھے اور غصہ دیکھانے کا ایٹم کرتے تھے
اب عمرانی بوجے خوشی کا اظہار کیا کریں گے - کیوں کہ جو اسحاق ڈار کرتا تھا اب عمران خان نے بھی کرنا شروع کر دیا ہے --- روپے کو مصنوعی کرتوتوں کے کنٹرول کرنا والے کام


SBP injects $1.2b to stabilise rupee​

ISLAMABAD:
The State Bank of Pakistan (SBP) pumped $1.2 billion into the inter-bank market in three months to defend the weakening rupee but could not stop the local currency from falling to a historic low, highlighting the cost of expansionary policies without fixing the structural economic flaws.

The $1.2 billion injection into the foreign exchange market is contrary to the stated policies of the central bank, International Monetary Fund (IMF) and finance ministry, as all the three institutions claim that the rupee value is determined by market forces.


From mid-June to the first week of September, the central bank injected $1.2 billion out of its reserves, government sources told The Express Tribune. The maximum single-day injection of $100 million was made in July, followed by $85 million in August, they added.

The central bank reserves are built by taking expensive foreign loans like floating the Eurobond and issuing the expensive Naya Pakistan Certificates. The $1.2 billion injection was slightly higher than the $1 billion Eurobond loan that Pakistan took at 5.9% to 8.5% interest rate in July this year.

With the fresh injection, at least $5.8 billion has been thrown in the inter-bank market during the tenure of Pakistan Tehreek-e-Insaf (PTI) government to maintain an artificial value of the rupee.

Neither the Ministry of Finance nor the central bank explicitly denied that the SBP threw dollars in the market to defend the rupee.

“FX management is the sole responsibility of SBP and Finance Division does not interfere,” said the Ministry of Finance while responding to a question whether the SBP pumped money with the consent of the ministry.

“Since June 2019, Pakistan has adopted a market-based flexible exchange rate system, where the exchange rate is determined by market demand and supply conditions. Under this system, the role of SBP’s interventions in the FX market is limited to prevent disorderly market conditions, while not suppressing an underlying trend,” said SBP chief spokesman Abid Qamar.

However, sources said that the $1.2 billion did not fall under the category of intervention “to prevent disorderly market conditions”. They said that the move was against the fundamental policy of market-determined exchange rate and the central bank would have to explain this to the IMF during upcoming talks.

Qamar said that “when the exchange rate does not reflect realistic market conditions it can contribute to unsustainable current account deficits and repeated balance of payments problems”. SBP does not comment on speculations about market interventions, he added.

The chief spokesman neither denied nor confirmed that the central bank threw $1.2 billion in the market to defend the rupee.

But even the $1.2 billion injection could not stop a steep devaluation of the currency that eventually dipped to Rs168.94 to a dollar from Rs155.74 when the central bank started throwing money in the market.

The Pakistani currency hit an all-time low of Rs168.94 against the US dollar in the inter-bank market on Tuesday. The rupee has lost 7.28% or Rs11.51 to date since the start of the current fiscal year on July 1, 2021. This was despite the fact that since July the SBP threw $815 million in the exchange market, sources added.

The country’s external sector has started coming under pressure after the government adopted expansionary fiscal and monetary policies without first fixing the fundamental problems.

Like the PML-N government, the PTI government too is financing economic growth through debt, which is highly unsustainable, according to market analysts.

An Asian Development Bank study has come to the conclusion that with its existing structural problems, Pakistan is prone to the balance of payments crisis the moment its economic growth crosses 3.7%.

The country’s imports peaked to a new two-month record level of $12.1 billion in July and August, causing a $7.5 billion deficit, up by 120%.

“The trade deficit will increase but there is no need to worry about it,” Finance Minister Shaukat Tarin said on Tuesday while addressing a press conference.

He hoped that the trade deficit would be manageable, saying that if the economy over-heated the government would do some “tweaking”.

It is not for the first time that the central bank has pumped money into the inter-bank market to artificially defend the rupee.

The official record showed that from July 2012 to July 2013, the central bank pumped $3.43 billion into the inter-bank market.

Published in The Express Tribune, September 15th, 2021.

Like
Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

 

Munawarkhan

Chief Minister (5k+ posts)
and I know what your answer will be:

bandar monkey moron donkey naach dancing


So finally you accept that PMLN policy or injecting dollar was wrong and brought the biggest economic disaster faced in the history of Pakistan.

Actually you don’t even have to accept it, Dar’s successor, Moftah Ismael immediately had to change this policy leading to free fall of Rupee, of course because od the bad economic policies of PMLN from 2013-2017.

Now this current fall of Rupee is due to 2 main factors

1. Afghan uses to deal in dollars, & both trade n deal stopped.
2. Global shopping crisis leading to higher imports + also imports of vaccines

Don’t know if what they are doing is right or wrong, but we trust Raza Baqir, he knows what he’s doing for our country.
Also I will always doubt news that doesn’t cross verify and only publishes based on “sources told me”
 

Citizen X

Prime Minister (20k+ posts)
And you know what? On top of this Imran Khan said in the Anthony Aevens Arbitration court that ""no Sir no, the Panama JIT lied. NS looted 8 times less than what JIT said""
Isn't that even more disappointing to you???
😂😂😂😂😂 Yaar rajay thu chootiya to tha is ka to sub ko pata tha, lekin itna ziyada chootiya is ka andaza nahi tha.

BC us baat per koi afsoos aur sharmindagi nahi ke harami salay ne maal loota tha. Fakhar is baat ka hai ke loota tha lekin 8 gunna kum 😂😂😂😂😂 Wah G wah kya iteraaz hai

Yaar is ko khetay hai mutmain beghairat!

giphy-downsized-large.gif
 
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