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ElaKiri Talk!
Protecting the Economy. At what price?
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<blockquote data-quote="don03" data-source="post: 8715181" data-attributes="member: 275887"><p><strong></strong></p><p><strong>Dude this aint a prob abt the nutrition factor of rice of cornflour. the fundamental is rice is produced here & flour is imported. At the moment the government is struggling big time to minimize the the imports cos we are running on a minus trade balance cos we all prefer whatever comes from abroad than wat can be substituted from here. If you can refer to the CBSL reports of the past 3-4 years ull see the crisis we face on exchange rate, unless we have a equal or a positive trade balance the country will not get anywhere near it needs to be.</strong></p><p><strong>The govt does its maximum to protect the inland economy, that is why mainly the exchange rate manipulation is in place, if you determine the dollar rate with the current demand & supply probably it will be around 125-130 Rupees, but if then the Balance of payments account will not balance because still this is not a perfect country & no one is but most of the country's control it the the maximum level they can & that is the main element of development.</strong></p><p><strong>Despite all the political beliefs we all have, wat we must consider right now us to generate some inland revenue by saving all the monetary exchanges within the country itself. because we all need money for the country's development, & we cant always keep burrowing it frm IMF or JP Morgan, enough is enough. so my kind request to every1 is ,please take those colored glasses off ur eyes & see the country frm a positive aspect & donate ur share to where u belong.</strong></p></blockquote><p></p>
[QUOTE="don03, post: 8715181, member: 275887"] [B] Dude this aint a prob abt the nutrition factor of rice of cornflour. the fundamental is rice is produced here & flour is imported. At the moment the government is struggling big time to minimize the the imports cos we are running on a minus trade balance cos we all prefer whatever comes from abroad than wat can be substituted from here. If you can refer to the CBSL reports of the past 3-4 years ull see the crisis we face on exchange rate, unless we have a equal or a positive trade balance the country will not get anywhere near it needs to be. The govt does its maximum to protect the inland economy, that is why mainly the exchange rate manipulation is in place, if you determine the dollar rate with the current demand & supply probably it will be around 125-130 Rupees, but if then the Balance of payments account will not balance because still this is not a perfect country & no one is but most of the country's control it the the maximum level they can & that is the main element of development. Despite all the political beliefs we all have, wat we must consider right now us to generate some inland revenue by saving all the monetary exchanges within the country itself. because we all need money for the country's development, & we cant always keep burrowing it frm IMF or JP Morgan, enough is enough. so my kind request to every1 is ,please take those colored glasses off ur eyes & see the country frm a positive aspect & donate ur share to where u belong.[/B] [/QUOTE]
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