US/CHINA TRADEWAR & PAKISTAN
Sanie Khan
Capital Markets | Real Estate Financing | Certified Board Director | Digitalization
On the one hand, IMF is trying its best to rupture the recouping Pakistani Trade, Commerce and Industry by artificially creating demand for Dollars like Sri-Lanka and Ghana. And on the other hand, the ICBC of China is very silently taking strategic steps that helps takeover over the various segments of business and commerce territories in Pakistan.
The demand for dollar jacked-up only because of Oil being sold in USD and nations seeking dollars to clear US led debt.
Russia and China's step of setting-up of pair of non-US currency straddles such as PKR/RMB and RMB/SAR have long and enduring impact over the strength that Dollar has enjoyed over the decades.
Trading of Oil in a non-USD mode is a great setback for the USD which according to some analysts may lead to the sad demise of Petro-Dollar by August 2028, i.e. exactly after 109 years of a historic pandemic in 1918 which founded basis for great depression commencing on September 4, 1929.
Pakistani Auto-Sector is yet another sector where US can be seen supporting Japanese in preventing the loss of Pakistani Auto-Sector Market. Japan, which sorted-out the the US auto-sector giants in US, is struggling hard to retain Pakistan, as its territory, despite all out support of US.
There are many bubbles of auto-sector which have gone bust and as result the speculative element is going through a unique experience of a lifetime.
It appears, as if the Japanese Car demand in Pakistan would decline to historic lows, and Chinese Car would end-up making great inroads in the Pakistani Auto-Sector Market.
Properitor, Atique Agencies
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