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How did Pakistan's economy perform during Imran Khan's era?

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Could not find a more apt and accurate picture
 
Things slowly returning to the improving trend we were witnessing in Jan. Exports up in June, imports down. Inflationary pressures though lower are still stubbornly high in the 8.x range. This has to come down in the 5 range for PTI to regain some of their lost popularity.

SBP has been really proactive on the monetary front, just today they announced long term financing rate is now down to 5% for all export oriented industries.

I think PTI government if they manage to focus on the following points they might get a bigger majority in 2023 and also set us up for sustained growth rate of 5+ percent:

1. Control inflation in the 4-5% range through effective price control committees.
2. Unlock the power sector that has been trapped in the circular debt and this means power transmission is effected leading to loadshedding while cost of power remains high. Bring price down, end loadshedding.
3. Keep trade and current account deficits in check, focus on export growth. Build SEZs on war footing.
 
Things slowly returning to the improving trend we were witnessing in Jan. Exports up in June, imports down. Inflationary pressures though lower are still stubbornly high in the 8.x range. This has to come down in the 5 range for PTI to regain some of their lost popularity.

SBP has been really proactive on the monetary front, just today they announced long term financing rate is now down to 5% for all export oriented industries.

I think PTI government if they manage to focus on the following points they might get a bigger majority in 2023 and also set us up for sustained growth rate of 5+ percent:

1. Control inflation in the 4-5% range through effective price control committees.
2. Unlock the power sector that has been trapped in the circular debt and this means power transmission is effected leading to loadshedding while cost of power remains high. Bring price down, end loadshedding.
3. Keep trade and current account deficits in check, focus on export growth. Build SEZs on war footing.

We dont live in a vacuum - when the world economy picks up, so will Pakistan's
 
Pakistan economy to gradually ‘recover’ in 2021: IMF

The International Monetary Fund (IMF) expects Pakistan economy to move towards ‘gradual recovery’ in 2021.

The IMF in its latest report titled Policy Actions Taken by Countries, was of the view that due to the coronavirus pandemic lead economic slowdown Pakistan’s near-term economic outlook has worsened notably, and growth is estimated at –0.4 percent in FY 2020.

In its report, IMF said that starting on March 23, both the federal and provincial governments have been implementing measures to contain and mitigate the spread of the virus. However, since mid-April, the federal government, in coordination with provinces, has been gradually easing lockdown arrangements, by allowing ‘low-risk industries’ to restart operation and ‘small retail shops’ to reopen with newly developed Standard Operating Procedures.

Among the measures adopted by the government, IMF report highlighted that a relief package worth PKR 1.2 trillion was announced by the federal government on March 24, under which a number of steps were taken i.e. elimination of import duties on emergency health equipment; cash transfers to 6.2 million daily wage workers (Rs75 billion); cash transfers to more than 12 million low-income families (PKR 150 billion), and a transfer to the National Disaster Management Authority (NDMA) for the purchase of COVID-19 related equipment (PKR 25 billion).

Meanwhile, the State Bank of Pakistan (SBP) has responded to the crisis by cutting the policy rate by a cumulative 625 basis points to 7.0 percent since March 17. It has also expanded the scope of existing refinancing facilities and introduced three new ones that aim at: (i) supporting hospitals and medical centers to purchase equipment to detect, contain, and treat COVID-19 (ii) stimulating investment in new manufacturing plants and machinery, as well as modernization and expansion of existing projects (iii) incentivizing businesses to avoid laying off their workers during the pandemic (1,700 SMEs , PKR 113 billion, to date).

https://www.brecorder.com/news/40004188/pakistan-economy-to-gradually-recover-in-2021-imf
 
Pakistan economy to gradually ‘recover’ in 2021: IMF

The International Monetary Fund (IMF) expects Pakistan economy to move towards ‘gradual recovery’ in 2021.

The IMF in its latest report titled Policy Actions Taken by Countries, was of the view that due to the coronavirus pandemic lead economic slowdown Pakistan’s near-term economic outlook has worsened notably, and growth is estimated at –0.4 percent in FY 2020.

In its report, IMF said that starting on March 23, both the federal and provincial governments have been implementing measures to contain and mitigate the spread of the virus. However, since mid-April, the federal government, in coordination with provinces, has been gradually easing lockdown arrangements, by allowing ‘low-risk industries’ to restart operation and ‘small retail shops’ to reopen with newly developed Standard Operating Procedures.

Among the measures adopted by the government, IMF report highlighted that a relief package worth PKR 1.2 trillion was announced by the federal government on March 24, under which a number of steps were taken i.e. elimination of import duties on emergency health equipment; cash transfers to 6.2 million daily wage workers (Rs75 billion); cash transfers to more than 12 million low-income families (PKR 150 billion), and a transfer to the National Disaster Management Authority (NDMA) for the purchase of COVID-19 related equipment (PKR 25 billion).

Meanwhile, the State Bank of Pakistan (SBP) has responded to the crisis by cutting the policy rate by a cumulative 625 basis points to 7.0 percent since March 17. It has also expanded the scope of existing refinancing facilities and introduced three new ones that aim at: (i) supporting hospitals and medical centers to purchase equipment to detect, contain, and treat COVID-19 (ii) stimulating investment in new manufacturing plants and machinery, as well as modernization and expansion of existing projects (iii) incentivizing businesses to avoid laying off their workers during the pandemic (1,700 SMEs , PKR 113 billion, to date).

https://www.brecorder.com/news/40004188/pakistan-economy-to-gradually-recover-in-2021-imf

If PK can get away with anything like figures suggested, then it will be a massive feather in IK's cap. It will be amongst loser decreases in the Worid. Most economies will be in the 5-10% range and PK has around a 1%, then it has done really well.
 
Despite covid lockdowns remittances touch $2.5b in a month in June 2020. This is the first fiscal year in which remittances crossed $2b in four months. Last fiscal year was the first time remittances crossed $2b thrice in a year. So PTI beat their own record. Remittances were at record high $23b in FY20.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Remittances by Overseas Pakistanis<br><br>2014-15= $18720M<br>2015-16= $19916M<br>2016-17= $19351M<br>2017-18= $19913M<br>Stagnant in last 3 yrs of PMLN<br><br>2018-19= $21739M<br>2019-20= $23120M<br>Increase in 2 yrs of PTI = $3.2Bn ⬆️<br><br>Record of highest ever remittances in 1 month made in June 2020 = $2.46B</p>— Musa (@MusaNV18) <a href="https://twitter.com/MusaNV18/status/1282688720618106882?ref_src=twsrc%5Etfw">July 13, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Monthly remittances never exceeded $2 Billion twice in a FY before PTI Govt. <br><br>During last FY, monthly remittances exceeded $2 Billion THRICE in PTI first year.<br><br>This FY, they surpassed their own high benchmark & managed to exceed $2 Billion for four months within a fiscal year..</p>— PTI Achievements (@PTI_Achievement) <a href="https://twitter.com/PTI_Achievement/status/1282632435088461824?ref_src=twsrc%5Etfw">July 13, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>



Leken Imran Khan isteefa do!
Mera vote wapis karo!
 
You don't get to be the third best performing stock market in the world for nothing

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Market volumes rise 60pc to 468.9 million; the highest level of participation recorded so far in 2020<a href="https://t.co/AQeUw3iWDG">https://t.co/AQeUw3iWDG</a> via <a href="https://twitter.com/Profitpk?ref_src=twsrc%5Etfw">@Profitpk</a></p>— Profit Magazine (@Profitpk) <a href="https://twitter.com/Profitpk/status/1282691557708234758?ref_src=twsrc%5Etfw">July 13, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


After 3 years stocks of Rs. 25b traded in a day

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Good news on the economic front<br><br>After almost 3 yrs shares market records business of Rs 25 billion trade<br><br>Remittances rise to record $2.5 billion in June as lockdowns ease globally allowing overseas Pakistani workers to send money home.All-time high $23 billion in fiscal yr 2020 <a href="https://t.co/3PUbTQjNGw">pic.twitter.com/3PUbTQjNGw</a></p>— Saifullah K Nyazee (@SaifullahNyazee) <a href="https://twitter.com/SaifullahNyazee/status/1282729968120848384?ref_src=twsrc%5Etfw">July 13, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>




Imran Khan isteefa do!
Mera vote wapis karo!
 
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Govt has shelved 2740MW of imported coal energy projects in favour of 3700MW indigenous hydro electric projects to be constructed under CPEC.</p>— Shahid Raza (@schaheid) <a href="https://twitter.com/schaheid/status/1282608753997537280?ref_src=twsrc%5Etfw">July 13, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


How dare this selected Niazi replace an expensive means of power generation using imported fuel, with a completely indigenous and cost effective solution. Selected Imran Khan isteefa do!!!!
 
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">KSE-100 maintains upward trend with 126-point gain <a href="https://t.co/cUIGR3w1kv">https://t.co/cUIGR3w1kv</a></p>— Profit Magazine (@Profitpk) <a href="https://twitter.com/Profitpk/status/1283072766187581446?ref_src=twsrc%5Etfw">July 14, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


13th straight day of gains.... Selected Niazi isteefa do!
 
Thanks for your valuable contribution

but but Bilawal will save us, or zardari or nawaz and showbaaz..these people have nothing to offer but empty soundbites and slogans. No new policies, no way forward to counter IK. Nothing. No alternatives. And whne you ask what they would do you get a weird naive mix of incoherent ideas that boil down to " your all cultists, we are free and i dont know how to fix things but I can criticise because well ...erm"
 
Need to control inflation though economic indicators are encouraging but the CPI needs to be controlled
 
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Govt has shelved 2740MW of imported coal energy projects in favour of 3700MW indigenous hydro electric projects to be constructed under CPEC.</p>— Shahid Raza (@schaheid) <a href="https://twitter.com/schaheid/status/1282608753997537280?ref_src=twsrc%5Etfw">July 13, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


How dare this selected Niazi replace an expensive means of power generation using imported fuel, with a completely indigenous and cost effective solution. Selected Imran Khan isteefa do!!!!

Should have been a separate thread, would have been useful to burn some of the Patwaris and Jiyalas :))
 
Should have been a separate thread, would have been useful to burn some of the Patwaris and Jiyalas :))

Funny thing is when corona was exploding all of these losers were quick to blame IK and call him a mumbling confused fool, and now corona is under control because of the smart lockdown policy and these same losers are shying away from praising IK. Calling it "inexplicable reasons" for corona's decline. Jahalat la-ilaaj hai.


Mulk mein corona qaboo karnay par selected Niazi isteefa do!!!
 
Funny thing is when corona was exploding all of these losers were quick to blame IK and call him a mumbling confused fool, and now corona is under control because of the smart lockdown policy and these same losers are shying away from praising IK. Calling it "inexplicable reasons" for corona's decline. Jahalat la-ilaaj hai.


Mulk mein corona qaboo karnay par selected Niazi isteefa do!!!

Its all afluke like the champs trophy win. it just happened miraculously and nailaik Khan didnt have anything to do with it. I mean Dr faisal and the others just happened to appear out of a portal to help with the crisis like the Avengers.

Its a miracle!!
 
Masses are turning against IK its a sad reality and bitter truth need to control inflation
 
So lets hear some solutions from you. What has IK done wrong that has caused inflation?

If elections are held today, will Imran Khan win?

The solutions have to come from him and nobody else, in any case.
 
If elections are held today, will Imran Khan win?

The solutions have to come from him and nobody else, in any case.

The reason for me asking these idiots is that they have no clue of Kaptaan has been up against. These morons don't understand what would happened if PK had defaulted on its loans.
 
As in Imran Khan will win?

Colour me skeptical. Anyway, elections are over 3 years away.

It will be difficult as inflation has hit the poor the hardest but bar the die hard idiots that support the corrupt murderers most people still believe in him and his Niyaat.
 
The reason for me asking these idiots is that they have no clue of Kaptaan has been up against. These morons don't understand what would happened if PK had defaulted on its loans.

The question is whether the Pakistani voting public can see that bigger picture.
 
If elections are held today, will Imran Khan win?

The solutions have to come from him and nobody else, in any case.

People have some reservations with his performance, I myself am saddened that Karachi has been left at the mercy of PPP despite giving PTI 14/21 seats, but come election day people will still vote for him since they now realize how the corrupt looters and plunderers damaged the country. Unless ofcourse a better option emerges.

The performance has seen a step improvement in recent times. They had put a full stop on all development when they took office because the country had borderline defaulted. However, construction and infrastructure projects are rapidly picking up pace.

Pre-corona our exports were also increasing while neighbours were declining :najam



Senate elections are in March, which will give PTI majority in the Senate and then I expect rapid changes. Also rumors of a referendum in the new year to switch to presidential system are growing louder
 
Senate elections are in March, which will give PTI majority in the Senate and then I expect rapid changes. Also rumors of a referendum in the new year to switch to presidential system are growing louder

This won't be good for Pakistan in the long term, if passed. South Asia is best represented by a chain of regional parties rather than one pseudo strongman up top - we in India can attest to this and how!
 
Lame stream media won't show this

<blockquote class="twitter-tweet"><p lang="ur" dir="rtl">ڈالر کے مقابلے میں روپے کی قدر میں بھی اضافہ<a href="https://t.co/OVoz5zHpeV">https://t.co/OVoz5zHpeV</a> <a href="https://t.co/C6kzGO9RqX">pic.twitter.com/C6kzGO9RqX</a></p>— Siasat.pk (@siasatpk) <a href="https://twitter.com/siasatpk/status/1288103413616480256?ref_src=twsrc%5Etfw">July 28, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
This won't be good for Pakistan in the long term, if passed. South Asia is best represented by a chain of regional parties rather than one pseudo strongman up top - we in India can attest to this and how!

India is far too diverse, south India is like a different continent so having one person up top with all the power isn't probably going to work. Heck one person might not even be acceptable to the entire country. Although some sane voices in India are talking about presidential system. Read Shahsi Tharoor tweet from a couple days ago. I shared it here as well:

http://www.pakpassion.net/ppforum/s...overnment-in-Pakistan&p=10824018#post10824018

The situation isn't like that in Pakistan. We have always struggled when power has been diffused. Whenever we had presidential form of government we achieved 7-10% economic growth. No PM has reached that number.
 
‘The State of Pakistan’s Economy’: Stabilization measures provided cushion against COVID downturn

Successful stabilization measures that had fostered macroeconomic improvement in Jul-Feb FY20 provided a valuable cushion against the downturn faced from late March 2020 onward in the wake of the COVID-19 outbreak, said the State Bank of Pakistan (SBP) in its Third Quarterly Report FY20 on ‘The State of Pakistan’s Economy’ released on Thursday.

According to the report, major progress had been made during Jul-Feb FY20 period in curbing the fiscal and current account deficits on the back of strong revenue growth, policy shift to a market-determined exchange rate, and build up in foreign exchange reserves buffers.

The central bank said that these measures provided a period of necessary stabilization and also made the economy relatively better equipped to respond to any external shocks than it would have otherwise been.

“This pre-COVID-19 strengthening of Pakistan’s fundamentals and the prudent policy response to the outbreak later on should leave Pakistan well-placed to resume its earlier trajectory of recovery once the pandemic subsides,” said SBP in its report.

Impact of COVID on Pakistan economy

The report highlighted that the scale of the COVID-19 shock is underscored by the fact that for the first time in 68 years, as per the provisional estimates, Pakistan’s real GDP growth is set to contract in FY20.

“At 0.4 percent, this contraction is not as severe as that expected in most parts of the world due to COVID19,” opined SBP.

The report emphasizes that the estimated contraction in GDP owes mainly to a decline in industrial and services sector activities. The large-scale manufacturing (LSM) posted an improvement during Jan-Feb 2020, driven primarily by exporting sectors with some contribution from food and fertilizer segments.

“However, this nascent recovery was derailed by COVID-19 related disruptions, with LSM growth falling 22 percent on a month-on-month basis in March. The agriculture sector emerged largely unscathed by COVID-19 as important crops registered a turnaround compared to last year.”

The agricultural sector too fell victim to unfavorable climate conditions and pest and locust attacks, which as per State Bank prevented some annual targets from being met. “The services sector felt the impact of COVID-19 acutely, as evident from high frequency data and negative sectoral growth is expected in FY20.”

Pakistan Fiscal Sector

The report documents a similar pattern in the fiscal sector, where a primary budget recorded a surplus during Jul-Mar FY20 on cumulative basis, the first ever since 2016. “However, it turned into a deficit during the third quarter due to COVID-19.”

SBP was of the view that on the one hand, the lockdown created a drag for revenue, with growth in all categories of FBR revenues turning negative in March 2020. On the other hand, the induced slump in economic activity and rise in unemployment created a need for greater expenditures.

The central bank said that the government’s Rs 1.24 trillion stimulus package is expected to give much-needed relief to individuals and businesses, it would simultaneously contribute to a larger fiscal deficit in the near term.

Pakistan External Sector

Regarding the external sector, the report highlights that a sharp fall in imports, healthy growth in workers’ remittances, and contraction in the services trade deficit all played a part in narrowing the current account deficit (CAD) for Jul-Mar FY20 compared to last year.

However, the pandemic prompted foreign investors to reduce their domestic debt and equity holdings in emerging markets, including Pakistan, and growth in remittances has moderated.

These factors together with government debt repayments affected foreign exchange reserves in March 2020, said the report. “However, Pakistan has generally been less affected than many other emerging markets and foreign exchange reserves of the country have since recovered, on the back of multilateral and commercial inflows.”

Inflation Outlook

The SBP report notes that the inflation outlook improved following the global and domestic spread of COVID-19, as a marked slowdown in domestic demand, stabilizing food inflation, and historic low oil prices led to a moderation in medium-term inflation prospects.

SBP in its report said that its decision to cut interest rates, alongside launching refinancing schemes are estimated to provide a benefit of up to Rs.1.3 trillion (3.1 percent of GDP) to businesses and households.

“Together with the government’s stimulus package, these measures are helping to cushion the impact of the COVID-19 outbreak. Beyond their immediate impact, these measures are expected to support the post-COVID-19 economic recovery as well,” the report said.
https://www.brecorder.com/news/4000...sures-provided-cushion-against-covid-downturn
 
Even in corona hit economy the collection target for the first month of the fiscal year is exceeded by about 25%. Keep in mind the target for the year is Rs 5000b or there abouts. We were all set to reach Rs 4900b this year but ended up with 4000b due to corona which is still a record collection. We never exceeded 4000b before.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">FBR exceeds July collection target by Rs57bn<a href="https://t.co/rNycQdooBk">https://t.co/rNycQdooBk</a></p>— Profit Magazine (@Profitpk) <a href="https://twitter.com/Profitpk/status/1288897202795032582?ref_src=twsrc%5Etfw">July 30, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


Selected Niazi isteefa do!!!!
 
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Rs1.37tr investment in construction sector to counter coronavirus impact<a href="https://t.co/9dLtUIqqcx">https://t.co/9dLtUIqqcx</a></p>— Profit Magazine (@Profitpk) <a href="https://twitter.com/Profitpk/status/1288911500619460611?ref_src=twsrc%5Etfw">July 30, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Construction package leading to close to 1400b private investment in the next few months.


Selected Niazi isteefa do!!!
 
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Latest Trade Statistics <br><br>Exports<br><br>July 2019 = $1889 Million<br>July 2020 = $1998 Million <br><br>Growth of 5.8%<br><br>Very positive news for the Economy. Pakistan's exports are back on a year on year increasing trajectory after the COVID-19 shock economy was going through since March 2020. <a href="https://t.co/1I8VgRutas">pic.twitter.com/1I8VgRutas</a></p>— Musa (@MusaNV18) <a href="https://twitter.com/MusaNV18/status/1290543690168127489?ref_src=twsrc%5Etfw">August 4, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

In July 2020 exports increased by nearly 6% while imports dropped by 4%. Overall trade deficit decreased by 15%.


No wonder the usual suspects have stopped venturing into this thread.
 
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Great Economic turnaround in July & August 2020: <br><br>- Car sales m.o.m 36% up<br>- PSX huge gain 16.5%<br>- FBR revenue up 23.4%<br>- Cement Sales 41% up<br>- Fertiliser sale 76% up<br>- Forex reserves 19.6 bil highest since Jan, 18<br>- Moody’s upgrade Pakistan’s outlook to stable<a href="https://twitter.com/hashtag/Pakistan?src=hash&ref_src=twsrc%5Etfw">#Pakistan</a> 🇵🇰🇵🇰 <a href="https://t.co/Y50bhOwwEK">pic.twitter.com/Y50bhOwwEK</a></p>— Developing Pakistan (@DevelopmentPk) <a href="https://twitter.com/DevelopmentPk/status/1293248975819214848?ref_src=twsrc%5Etfw">August 11, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>



'itna sunata kyun hai bhai'
 
July had the highest number of motorbikes sold in a month IN HISTORY. About 300,000 bikes were sold. Also remember bikes are almost 90% or more localised. This means big industry is back up and running.



But but but saaday main saanp di buhat yaad aandi aay
 
July had the highest number of motorbikes sold in a month IN HISTORY. About 300,000 bikes were sold. Also remember bikes are almost 90% or more localised. This means big industry is back up and running.



But but but saaday main saanp di buhat yaad aandi aay

complete fluke..PTI is on its way to destruction and Nawaz and bhutto will come to turn us into an asian tiger. IK hasnt got a clue i mean look at all his uturns. If it wasnt for luck and more flukes Pakistan would be suffering from a million covid deaths..

I think pakistan has the luckiest people in the world, the govt didnt do anything and covid vanished, they also didnt do anything for the economy and it just amazingly started to pick up..I think shabaz sharif stood with his hands on hips that gave the economy a boost..
 
complete fluke..PTI is on its way to destruction and Nawaz and bhutto will come to turn us into an asian tiger. IK hasnt got a clue i mean look at all his uturns. If it wasnt for luck and more flukes Pakistan would be suffering from a million covid deaths..

I think pakistan has the luckiest people in the world, the govt didnt do anything and covid vanished, they also didnt do anything for the economy and it just amazingly started to pick up..I think shabaz sharif stood with his hands on hips that gave the economy a boost..

:))

Highest remittances in the history of the country in July 2020. Clocked in at $2.7b.

Must be a fluke as well, as per certain members here.
 
:))

Highest remittances in the history of the country in July 2020. Clocked in at $2.7b.

Must be a fluke as well, as per certain members here.

Bhutto made that happen. And anyway it would have happened anyway. IK doesnt know what he's doing. his govt has failed..we need some policy and projects like increasing the national debt, orange line, roads to knowhere and toher great projects...
 
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Top Line securities brilliantly summarized July. More things to be added:<br><br>11) Increase in FX reserves<br>12) LSM sector growing<br>13) Current Account would be in SURPLUS<br>14) Tax Revenues exceeding targets & prior FY. <br><br>V-shaped recovery continues!<a href="https://twitter.com/hashtag/%DA%A9%D9%BE%D8%AA%D8%A7%D9%86_%DA%A9%DB%92%D8%AF%D9%88%D8%B3%D8%A7%D9%84_%D8%A8%DB%92%D9%85%D8%AB%D8%A7%D9%84?src=hash&ref_src=twsrc%5Etfw">#کپتان_کےدوسال_بےمثال</a> <a href="https://t.co/lWPjSHsyVR">pic.twitter.com/lWPjSHsyVR</a></p>— PTI Achievements (@PTI_Achievement) <a href="https://twitter.com/PTI_Achievement/status/1295721964720590851?ref_src=twsrc%5Etfw">August 18, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


Na-ehl na-laiq hakumat se mulk nahi chal raha.
 
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Top Line securities brilliantly summarized July. More things to be added:<br><br>11) Increase in FX reserves<br>12) LSM sector growing<br>13) Current Account would be in SURPLUS<br>14) Tax Revenues exceeding targets & prior FY. <br><br>V-shaped recovery continues!<a href="https://twitter.com/hashtag/%DA%A9%D9%BE%D8%AA%D8%A7%D9%86_%DA%A9%DB%92%D8%AF%D9%88%D8%B3%D8%A7%D9%84_%D8%A8%DB%92%D9%85%D8%AB%D8%A7%D9%84?src=hash&ref_src=twsrc%5Etfw">#کپتان_کےدوسال_بےمثال</a> <a href="https://t.co/lWPjSHsyVR">pic.twitter.com/lWPjSHsyVR</a></p>— PTI Achievements (@PTI_Achievement) <a href="https://twitter.com/PTI_Achievement/status/1295721964720590851?ref_src=twsrc%5Etfw">August 18, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


Na-ehl na-laiq hakumat se mulk nahi chal raha.

Can someone explain the incentives/subsidies and other policies provided by the government that have caused these increases? What was successful?
 
<blockquote class="twitter-tweet" data-partner="tweetdeck"><p lang="en" dir="ltr">MashaAllah Pakistan's economy is on the right track. After current account balance posted deficit of $613 mn in July 2019 & a deficit of $100 mn in June 2020, in July 2020 current account balance swung upwards to a surplus of $424 mn.</p>— Imran Khan (@ImranKhanPTI) <a href="https://twitter.com/ImranKhanPTI/status/1297760070630092801?ref_src=twsrc%5Etfw">August 24, 2020</a></blockquote>
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<blockquote class="twitter-tweet" data-partner="tweetdeck"><p lang="en" dir="ltr">This strong turnaround is a result of continuing recovery in exports, which rose 20 % compared to June 2020, & record remittances.</p>— Imran Khan (@ImranKhanPTI) <a href="https://twitter.com/ImranKhanPTI/status/1297760073834467328?ref_src=twsrc%5Etfw">August 24, 2020</a></blockquote>
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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Great news for 🇵🇰:<br><br>July 2018 Current account deficit: $2.13 Billion<br><br>July 2019 Current account deficit: $613 Million<br><br>July 2020 Current account Surplus!: $424 Million<br><br>My Vlog explains how Imran Khan pulled this off & is turning around 🇵🇰’s economy: <a href="https://t.co/6YWJfRcOCN">https://t.co/6YWJfRcOCN</a> <a href="https://t.co/FSar5c9502">pic.twitter.com/FSar5c9502</a></p>— Bilal Lakhani (@MBilalLakhani) <a href="https://twitter.com/MBilalLakhani/status/1297763759226847233?ref_src=twsrc%5Etfw">August 24, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


Mera vote wapis karo!!
 
Can someone explain the incentives/subsidies and other policies provided by the government that have caused these increases? What was successful?
Sorry I missed this post... At work right now and posting from my phone will respond in the evening.
 
Can someone explain the incentives/subsidies and other policies provided by the government that have caused these increases? What was successful?

Bump - would like to understand better what PTI have done that PMLN and PPP weren’t doing
 
Bump - would like to understand better what PTI have done that PMLN and PPP weren’t doing

The biggest difference is that PML N was manipulating the price of the rupee. Basically they kept the exchange rate at 100 rupees to 1 dollar for years. So this made imports artificially cheaper, and made exports more expensive. So the trade deficit greatly expanded, and Pakistan was facing default when Imran Khan took over and the govt had to get a loan from the IMF and beg the Saudis for money.


It also gave a subsidy to the people of Pakistan, and the upper classes benefited the most.

For example if the real price of the rupee is 160, and the goverment is keeping it at 100, and someone purchases a $1,000 iPhone, they would pay 100,000 rupees. However the real price should be 160,000, so they are getting a 60,000 rupee subsidy.
 
The biggest difference is that PML N was manipulating the price of the rupee. Basically they kept the exchange rate at 100 rupees to 1 dollar for years. So this made imports artificially cheaper, and made exports more expensive. So the trade deficit greatly expanded, and Pakistan was facing default when Imran Khan took over and the govt had to get a loan from the IMF and beg the Saudis for money.


It also gave a subsidy to the people of Pakistan, and the upper classes benefited the most.

For example if the real price of the rupee is 160, and the goverment is keeping it at 100, and someone purchases a $1,000 iPhone, they would pay 100,000 rupees. However the real price should be 160,000, so they are getting a 60,000 rupee subsidy.

I’ve been following all the stuff on the foreign exchange deficit and artificial value of the rupee.

I was referring to the industries performing well all of a sudden. Cement, textile, etc, how are those industries exporting more so quickly? And how much does PTI get credit for?
 
The biggest difference is that PML N was manipulating the price of the rupee. Basically they kept the exchange rate at 100 rupees to 1 dollar for years. So this made imports artificially cheaper, and made exports more expensive. So the trade deficit greatly expanded, and Pakistan was facing default when Imran Khan took over and the govt had to get a loan from the IMF and beg the Saudis for money.


It also gave a subsidy to the people of Pakistan, and the upper classes benefited the most.

For example if the real price of the rupee is 160, and the goverment is keeping it at 100, and someone purchases a $1,000 iPhone, they would pay 100,000 rupees. However the real price should be 160,000, so they are getting a 60,000 rupee subsidy.

What you are saying is correct, the PML followed a policy of supporting the PKR by taking on foreign debt that was unsustainable. However that is only a small part of the story.

The bigger part is, why is Pakistan unable to develop modern industries and export high-value items? If it were able to do so, the constant devaluation of the PKR would not have been required. Compare Pakistan to what was a few decades ago a part of Pakistan.

Screen Shot 2020-08-28 at 10.30.00 AM.jpg

The Bangladeshi Taka has appreciated from PKR 0.91 to PKR 1.97 from 2006 to now. That is, one Taka now can buy more than 115% of what it bought earlier in Rupees.

A depreciating currency (which you present as a necessity) points to a deep underlying economic malaise.

These facts should be obvious, and the biggest beneficiary of understanding this would be the Pakistanis themselves. Otherwise, economically you are going to be left even more behind than you already are.
 

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What you are saying is correct, the PML followed a policy of supporting the PKR by taking on foreign debt that was unsustainable. However that is only a small part of the story.

The bigger part is, why is Pakistan unable to develop modern industries and export high-value items? If it were able to do so, the constant devaluation of the PKR would not have been required. Compare Pakistan to what was a few decades ago a part of Pakistan.

My response was based on a specific question, as to what the biggest difference was between PTI and PML N so far. Why Pakistan has not created modern industries is a separate issue.

A depreciating currency (which you present as a necessity) points to a deep underlying economic malaise.

Well its not mutually exclusive. Its not a good situation for your currency to lose 60% of its value in almost 2 years. However the the country had hit rock bottom and Depreciation was a necessity for PTI in 2018 based on the economic conditions of Pakistan.

These facts should be obvious, and the biggest beneficiary of understanding this would be the Pakistanis themselves. Otherwise, economically you are going to be left even more behind than you already are.

Imran Khan gets its.

"I repeat the reforms are painful ... It's like a surgery. When you conduct surgery for a while, the patient suffers, but that improves," Khan said. "The worst thing that can happen for society is that you keep postponing reforms because of the fear that you would have opposition, the vested interests stand up and you don't do reforms."

https://www.aljazeera.com/news/2019...nt-warns-painful-reforms-190210160531703.html

The premier said his government’s main concern is to take people out of poverty which will be done by promoting wealth creation.

“Pakistan was one of the fastest-growing economies in Asia in the 1960s. However, we went wrong in the 1970s, because of our socialist mindset [during that time] which actually became a deterrent and [hindered] profit-making. Nationalisation took place. Some of our [big] industries were nationalised.

https://www.pakistantoday.com.pk/20...cern-to-bring-people-out-of-poverty-pm-imran/

Prime Minister Imran Khan has termed creation of wealth imperative for alleviating poverty from the country, saying businesses must prosper to achieve this objective. He said investors will come to Pakistan only if they are able to make money. He said the government is making policy to curb smuggling and money laundering.

https://www.thenews.com.pk/print/405544-investors-to-come-if-they-can-make-money-imran

Addressing Pakistan Economic Forum (PEF) in Islamabad on Thursday, he said that his vision is to make Pakistan a financially viable and economically self-reliant country, by getting rid of the dependency syndrome.

The prime minister said that wealth creation is necessary to take the country forward, adding that a business friendly culture will be introduced in the country and businessmen will be encouraged to invest their capital in various sectors.

https://dunyanews.tv/en/Pakistan/470102-We-need-to-get-rid-of-dependency-syndrome-PM-Imran

Also Imran Khan campaigned on "tabdeeli" so Pakistanis also understand that the current situation is not good.
 
I’ve been following all the stuff on the foreign exchange deficit and artificial value of the rupee.

I was referring to the industries performing well all of a sudden. Cement, textile, etc, how are those industries exporting more so quickly? And how much does PTI get credit for?

Well in the last 2 years the rupee has lost more than 60% of the value, so Pakistani products cost a lot less now for other countries to buy, so the exports have increased.

However the biggest impact in the devaluation of currency was in import reduction. Pakistanis cant afford to buy that many foreign products now, not so imports have declined massively.

The credit/blame should go to the PTI govt.
 
ISLAMABAD: Pakistan is expected to bounce back with modest growth during the current fiscal year but a widening deficit and growing debt still pose risks to its economic outlook, an international policy institute has said.

“We expect Pakistan to experience modest growth in FY2020/21 following a small contraction in FY2019/20,” the Institute of International Finance (IIF) has said in its latest report.

“However, risks to the economic outlook are tilted to the downside. Recurrent outbreaks of Covid-19, a large fiscal deficit and high public indebtedness remain major challenges.”

The Washington-based global association of financial institutions said the economy could grow by 1.8% in FY2020/21, driven by some recovery in private consumption.

The country’s exchange rate is market-determined and has depreciated by 22% in real effective terms since 2017.

“The effects of currency depreciation and weaker domestic demand are visible, as imports dropped by 18% in nominal dollar terms, more than offsetting the decline in exports of 7% in FY2020,” the institute said in the report, “Pakistan: Commitment to Reform Faces a Test”.

The pandemic led to a contraction in output of 0.7% in FY2020, the report noted.

Domestic demand declined 2%, while exports of goods and services increased 1.6% as compared with a decline of 7.3% in imports of goods and services.

Adjusted for population, fewer cases and deaths of Covid-19 have been recorded in Pakistan than in other developing and emerging economies. These results are subject to a large degree of uncertainty, as data quality, testing capacity, and transparency vary.

The IIF said lockdown restrictions have been lifted across the country. The response measures have been adequate, supported by the IMF’s emergency financing thourgh an amount of $1.4 billion, provided in April.

Expansion of social programs has rightly focused on tackling the health emergency and supporting the most vulnerable while stimulating economic activity, the report argued.

The State Bank of Pakistan’s (SBP) proactive liquidity initiatives and lower policy rates are propping up economic activity and safeguarding financial stability, according to the IIF.

The policy rate has been lowered five times since February, a cumulative reduction of 625 basis points. The authorities have also introduced a fiscal stimulus package in the amount of $5.1 billion (1.9% of GDP), which included direct transfers to wage workers and poor families, financial support to SMEs and the agricultural sector, higher subsidies for basic goods, and various tax incentives.

https://www.geo.tv/latest/305010-pakistan-to-bounce-back-with-modest-growth-in-fy2019-20
 
Bump - would like to understand better what PTI have done that PMLN and PPP weren’t doing

In short, PMLN is all about spending but ZERO on earning. They just made no effort to increase revenue generation which is a very difficult task and something PMLN had no interest in. They are all about shortcuts, borrowing more and more to give subsidies and keep everyone happy. PTI is focusing on basic reforms to increase exports, FDIs and tax collection. PTI has had some success in increasing exports and FDI but tax reforms have been a challenge. Unfortunately Covid hasn't done the gov any favours as countries all around the world have had massive economic impact so exports and remittances will suffer.
 
In short, PMLN is all about spending but ZERO on earning. They just made no effort to increase revenue generation which is a very difficult task and something PMLN had no interest in. They are all about shortcuts, borrowing more and more to give subsidies and keep everyone happy. PTI is focusing on basic reforms to increase exports, FDIs and tax collection. PTI has had some success in increasing exports and FDI but tax reforms have been a challenge. Unfortunately Covid hasn't done the gov any favours as countries all around the world have had massive economic impact so exports and remittances will suffer.

Posts above keep talking about devaluing the currency. What else has PTI done? This is my specific question. Have they helped certain industries grow? If so, how are they helping those industries grow? Why are exports increasing? Is the increase in exports purely down to the currency valuation? What is PTI doing?

When we talk about a business friendly culture under PTI, what is this culture?
 
Posts above keep talking about devaluing the currency. What else has PTI done? This is my specific question. Have they helped certain industries grow? If so, how are they helping those industries grow? Why are exports increasing? Is the increase in exports purely down to the currency valuation? What is PTI doing?

When we talk about a business friendly culture under PTI, what is this culture?

It is for mega riches to establish new business hassle free for common man its the routine grinding nothing changed
 
Pakistan stock market has become one of the world's best performers.


Pakistan has surprisingly risen to become Asia’s best-performing stock market and the fourth-best performer in the world, defying the odds amid the coronavirus outbreak.

Benchmark index of the Pakistan Stock Exchange, KSE-100, is up nearly six percent from the beginning of August. The market has also enjoyed double-digit returns, rising nearly 50 percent after a steep fall in March and up over 41 percent year-on-year.

Pakistan equities are far better than those trading on other bourses in Asia. While just a few Chinese indices have surpassed KSE-100 performance on an annual basis, they are still behind this month.

https://www.rt.com/business/499762-pakistan-best-performing-market/

Read it and weep! 😆
 
Pakistan stock market has become one of the world's best performers.


Pakistan has surprisingly risen to become Asia’s best-performing stock market and the fourth-best performer in the world, defying the odds amid the coronavirus outbreak.

Benchmark index of the Pakistan Stock Exchange, KSE-100, is up nearly six percent from the beginning of August. The market has also enjoyed double-digit returns, rising nearly 50 percent after a steep fall in March and up over 41 percent year-on-year.

Pakistan equities are far better than those trading on other bourses in Asia. While just a few Chinese indices have surpassed KSE-100 performance on an annual basis, they are still behind this month.

https://www.rt.com/business/499762-pakistan-best-performing-market/

Read it and weep! &#55357;&#56838;

Stock market doesn't really reflect the health of Economy but yes it does reflect the sentiments and it's definitely good to see the positive sentiments.
 
News on social media KP govt to provide interest free loans to employees for purchase of bikes,cars and houses excellent step another way for economic revival
 
Pakistan’s exports, FBR revenue has increased as COVID declines, says Sheikh

Advisor to Prime Minister on Finance Abdul Hafeez Sheikh said that after the decline in coronavirus cases in the country, Pakistan’s exports started to increase and the FBR’s tax revenue has improved.

Speaking at the Pakistan Stock Exchange (PSX) on Monday, Sheikh said that Pakistan is currently the best market in Asia.

“Everyone knows the problems of the economy, but we have to put together the best team, bringing new tools to improve the Pakistani economy and boost investment,” he said.

Hafeez Sheikh said that the government wants to give autonomy to the institutions. He said that the budget was increased despite reducing government expenditure, the government is giving subsidy on electricity, gas, tube well, and fertilizer. “Subsidy is being provided to 90 percent consumers of gas and at utility stores to provide relief to the general public,” the advisor said.

“If the sales tax refund is not paid within 72 hours, contact me,” he said.

The finance adviser said the government was criticized for correcting the exchange rate policy, exports began to rise after the coronavirus and FBR tax revenues improved.

He said that the government will work together and take full advantage of the potential of the country’s economy, find new markets for Pakistani products. “Together we will meet the expectations of the Pakistani people,” he said.

He said that the government has set aside Rs 30 billion for the construction of small houses, Rs 100 billion was given in the Ehsas program in addition to the poor to support 16 million families. Sheikh said that because of Coronavirus, a relief package of Rs 1,240 billion was given.

Hafeez Sheikh said that it would take another three to four months for the economy to recover from the loss of COVID.

Talking about Karachi, Shaikh said that in order to boost the country’s economy, the development of Karachi’s infrastructure is pivotal.

https://www.brecorder.com/news/4001...e-has-increased-as-covid-declines-says-sheikh
 
Rupee depreciation: a boon for Pakistan's IT exports
Weak rupee enhances Pakistan’s competitiveness in international arena

Rupee depreciation against the US dollar coupled with the widely adopted work-from-home culture during the lockdown period in Pakistan has benefited exports of information technology (IT) from the country.

At an analyst briefing for Systems Limited on Friday, company officials pointed out that currency devaluation helped it expand its topline significantly.

It is pertinent to mention that the share of company’s exports in its total revenue stands around 80% and this chunk is received in local currency, according to a report of Insight Research. The company specialises in the production of next-generation IT services and business process outsourcing (BPO) solutions.

“Due to the rupee devaluation against the US dollar, Pakistan’s competitiveness has increased in the international arena,” said Insight Securities’ investment analyst Muhammad Ahmed.

So far this year, Pakistan has registered a 22% growth in IT exports to $1.23 billion, revealed data of the Pakistan Software Export Board.

Pakistan, which was already among the top five destinations for freelancers, registered a further growth in freelance work during the pandemic, he said.

According to the Pakistan Telecommunication Authority (PTA), internet utilisation rose 15% in Pakistan during the pandemic.

In addition, online marketplaces and digital banking also registered a spike, he said. “Government has also classified internet among essential services,” he said.

During the briefing, the company management highlighted that international companies had begun accepting remote jobs performed by Pakistani companies. Before Covid-19, foreign companies preferred to utilise services of only those Pakistani companies which had offices in their country or city, it said.

According to company officials, the Covid-19 pandemic has opened a unique sweet spot for IT-based companies, which would have taken much longer had the pandemic not surfaced.

A report of Taurus Securities stated that the company was investing significantly in human capital and technology and hiring new talent aggressively.

“During the Covid-19 pandemic, the company’s business was not significantly impacted,” it said. “However, the retail segment was impacted, which constituted 15-20% of the US revenue.”

The company “is mostly focused on the US market for now, which is quite huge, while the company aims to expand in Europe as well”, it added. Moreover, the management was also aggressively working to expand its retailers’ segment, the report said.

The management indicated that around 40-45% of revenue was related to just 10% of their clients. Similarly, 90-95% of revenue was recurring in nature, it said.

https://tribune.com.pk/story/2262691/rupee-depreciation-a-boon-for-pakistans-it-exports
 
Cauliflower being sold at Rs 150-180/kg economic prosperity under IK's vision

Imran cannot take on any mafia in the country. He is a hapless PM.The recent petrol crisis should have opened everybody’s eyes.

Instead of upping the ante and taking on petroleum mafia, Imran ran away and gave into their demands.
 
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Cauliflower being sold at Rs 150-180/kg economic prosperity under IK's vision

It has always been like this.... Vegetables that are not in season or demand is too high the price sky rockets. Tomatoes went above 150/kg but also came down to 20/kg.... It happens with all produce. Pakistan is not a rich country to import food items all year round to maintain price at a stable level. Cauliflower isn't that essential of a veg that people can't do without.


Lovely seeing closet Noon league supporters talking about economic miracle :))
 
Immy has taken everybody for a drive. Well, at least he ate food at a langar!

I'm glad patwaris are hurting. Inshallah may Allah add to your misery and despair.


He will win again in 2023. Karlo jo karna hai.
 
To hell with economic situation so far we are plunging into new lows of law lessness
 
I'm glad patwaris are hurting. Inshallah may Allah add to your misery and despair.


He will win again in 2023. Karlo jo karna hai.

I look forward to Immy’s win. I just cannot wait for him to start his accountability drive!! Avay Avay Immy Avay!!
 
I'm glad patwaris are hurting. Inshallah may Allah add to your misery and despair.


He will win again in 2023. Karlo jo karna hai.
lol :))) :))) :))) :maqsood
He will definitely lose Punjab government for sure no way he is coming back from the Buzdar blunder and military would get a really big coalition together to form a government to keep immu in power (or themselves in power...) and even with military support there's only a 40% chance of them coming back into the federal picture

but keep dreaming...
 
lol :))) :))) :))) :maqsood
He will definitely lose Punjab government for sure no way he is coming back from the Buzdar blunder and military would get a really big coalition together to form a government to keep immu in power (or themselves in power...) and even with military support there's only a 40% chance of them coming back into the federal picture

but keep dreaming...



IK winning again in 2023 is a foregone conclusion.


Who will beat him? Nawaz Sharif???? :)))
 
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IK winning again in 2023 is a foregone conclusion.


Who will beat him? Nawaz Sharif???? :)))

Its only a foregone conclusion among your youth brigade circle not in the real world come to central Punjab, Lahore and ask them about PTI's performance and who are they voting for...
 
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lol :))) :))) :))) :maqsood
He will definitely lose Punjab government for sure no way he is coming back from the Buzdar blunder and military would get a really big coalition together to form a government to keep immu in power (or themselves in power...) and even with military support there's only a 40% chance of them coming back into the federal picture

but keep dreaming...

He can win in Punjab by doing the following.

Creating a South Punjab province.
Focus on small scale projects like Panagah. There way more poor people than burgers.
Have a good relation with the Army, so the Pro-Army people vote for him.
Paint his opponents as far left liberals.
Keep the electables. With their vote bank plus PTI vote bank, there is a good chance to keep/win seat.
 
lol :))) :))) :))) :maqsood
He will definitely lose Punjab government for sure no way he is coming back from the Buzdar blunder and military would get a really big coalition together to form a government to keep immu in power (or themselves in power...) and even with military support there's only a 40% chance of them coming back into the federal picture

but keep dreaming...

PML- n supporters cannot fill up a Chowk in Lahore these days. They are forced to use gullu butts to showcase their non existent public support.

PML-N's influence in Punjab was due to a network of corrupt patwaris, numberdars, tehsildars, police officers, DCs/ACs, judges and professional politicians (electables).
They are losing power with each passing day due to change in social dynamics.

PML-N will only be restricted to some pockets of central Punjab come next elections.
 
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