Pakistan economy under the PDM government & now the caretaker administration

[Cricket-lion]

They are benefiting form this sytem, I have strong feelings.

I have not seen a more selfish elite in my life. How much do they want the poor to suffer for their own benefits? How much money do they want? If the country is heading towards a default, these people are accountable.

 

[DRsohail]

I have not seen a more selfish elite in my life. How much do they want the poor to suffer for their own benefits? How much money do they want? If the country is heading towards a default, these people are accountable.

when your survival depnds on corrupt ruling the country then everything comes after that.

 

[Vatta]

The clowns are trying to apply Midas Dar's touch to end interest.

 

[Colorblind Genius]

They are benefiting form this sytem, I have strong feelings.

Nailed it!

 

[ex-q-zit]

Pakistan Takes Cost-Cutting Measures To Address Financial Emergency: Report

Pakistan has resorted to taking some desperate cost-cutting measures as the country continues to face a "financial emergency". The measures include rationing of fuel for government vehicles, restrictions on official travel, stopping leave encashments, medical bill payments and removing allowances among others.

Pakistani cabinet Secretariat in a recent notification said, "In view of the principal approval by the Prime Minister of Pakistan and present financial calamity of the state and the severe shortage of funds, it has become imperative to issue the following instructions, otherwise further financial catastrophe may lead to a situation of stoppage of salaries in public/autonomous organizations,"

The measures taken in view of the financial emergency include that all government vehicles used by officers (entitled) should not be given over 120 litres of fuel per month. Employees travelling out of town, city or village on official work should be given two DAs according to their grade and reduced by one DA. Leave encashment of all regular employees of Grade 17-21 should be stopped immediately.

The measures include regulating the financial hardship by removing all allowances of more than 25 per cent from the salaries of government employees immedicately. It also called for avoiding paying any medical bills to employees which are between Grade 11 to 21 until the country's "financial woes subside." The cabinet secretariat said that the salaries of employees from grade 11 to 21 should not be increased until "financial hitches are reduced."

The measures called for the stoppage of giving study leave with salary. It called for implementing the policy of taking full work from employees with fewer financial resources. A policy regarding the pension of all permanent employees from Grades 7 to 21 will be issued. All permanent employees from Grades 7 to 21 should be given annual increments based on their performance.

In case of violation of rules, employees should be punished with a deduction of 50% salary. Furthermore, the ban should be imposed on giving bonuses to government employees. All government bodies shall submit absolute reports on the utilization of funds to enable better utilization of money. Government bodies and institutions need to create an eight-hour workload policy for their staff.

Organizations and institutions should take action against government employees who are found negligent and reckless in their work. It stated that the instructions must be followed to avoid any uncertainty in the future. Notably, Pakistan is under the Extended Fund Facility (EFF) of the International Monetary Fund (IMF), according to The Express Tribune report. However, the country is still facing a shortage of dollars. Pakistan is facing domestic and international political economy challenges.

Pakistan's economy has been facing structural inflation where the average customer price index is currently around 25 per cent, The Express Tribune reported. The devaluation of the rupee has also played a key part in the increase of prices in Pakistan.

The average Sensitive Price Index (SPI) is around 28% in the first five months of FY 23. Amid the current economic situation, the Pakistani Cabinet Secretariat has taken measures to address the "financial emergency" of the country. In a notification issued on December 20, the Cabinet Secretariat called for following instructions amid the present "financial calamity of the state" and shortage of funds.

NDTV

 

[Bewal Express]

Pakistan Takes Cost-Cutting Measures To Address Financial Emergency: Report

Pakistan has resorted to taking some desperate cost-cutting measures as the country continues to face a "financial emergency". The measures include rationing of fuel for government vehicles, restrictions on official travel, stopping leave encashments, medical bill payments and removing allowances among others.

Pakistani cabinet Secretariat in a recent notification said, "In view of the principal approval by the Prime Minister of Pakistan and present financial calamity of the state and the severe shortage of funds, it has become imperative to issue the following instructions, otherwise further financial catastrophe may lead to a situation of stoppage of salaries in public/autonomous organizations,"

The measures taken in view of the financial emergency include that all government vehicles used by officers (entitled) should not be given over 120 litres of fuel per month. Employees travelling out of town, city or village on official work should be given two DAs according to their grade and reduced by one DA. Leave encashment of all regular employees of Grade 17-21 should be stopped immediately.

The measures include regulating the financial hardship by removing all allowances of more than 25 per cent from the salaries of government employees immedicately. It also called for avoiding paying any medical bills to employees which are between Grade 11 to 21 until the country's "financial woes subside." The cabinet secretariat said that the salaries of employees from grade 11 to 21 should not be increased until "financial hitches are reduced."

The measures called for the stoppage of giving study leave with salary. It called for implementing the policy of taking full work from employees with fewer financial resources. A policy regarding the pension of all permanent employees from Grades 7 to 21 will be issued. All permanent employees from Grades 7 to 21 should be given annual increments based on their performance.

In case of violation of rules, employees should be punished with a deduction of 50% salary. Furthermore, the ban should be imposed on giving bonuses to government employees. All government bodies shall submit absolute reports on the utilization of funds to enable better utilization of money. Government bodies and institutions need to create an eight-hour workload policy for their staff.

Organizations and institutions should take action against government employees who are found negligent and reckless in their work. It stated that the instructions must be followed to avoid any uncertainty in the future. Notably, Pakistan is under the Extended Fund Facility (EFF) of the International Monetary Fund (IMF), according to The Express Tribune report. However, the country is still facing a shortage of dollars. Pakistan is facing domestic and international political economy challenges.

Pakistan's economy has been facing structural inflation where the average customer price index is currently around 25 per cent, The Express Tribune reported. The devaluation of the rupee has also played a key part in the increase of prices in Pakistan.

The average Sensitive Price Index (SPI) is around 28% in the first five months of FY 23. Amid the current economic situation, the Pakistani Cabinet Secretariat has taken measures to address the "financial emergency" of the country. In a notification issued on December 20, the Cabinet Secretariat called for following instructions amid the present "financial calamity of the state" and shortage of funds.

NDTV

These crooks have spent trillions on fighting IK and now the country is quite literally bankrupt. Its not as if its rocket science to predict this would happen but the Generals didn't listen and brought back the very people that had bankrupted the economy in 2018 and which IK had sacrificed political capital to sort out. Today we know our crooked establishment have no interest in making PK institutions strong or developing the country. And to think i that trusted their niyàat but the thugs were more interested in their business deals than protecting PK. No matter what happens from now, I for one has lost respect for the thugs.
The upcoming IMF loan will only paper over the cracks. As long as the mafia are in power, we can't move forward

 

[aukhan]

The thread title should be Pakistan economy under the PDM and Army.

 

[MenInG]

Shares at the Pakistan Stock Exchange ended the day in the red on Tuesday, with the benchmark KSE-100 index facing resistance at the 40,000 mark, closing at 39,802.91 — down 352 points or 0.88 per cent.

Fahad Rauf of Ismail Iqbal Securities said the investor sentiment was generally weak due to the delay in the International Monetary Fund (IMF) programme.

“However, specifically, today the fertilizers stocks were under pressure due to news regarding GIDC (Gas Infrastructure Development Cess) recovery,” he told Dawn.com.

 

[the Great Khan]

We have no reserves of our own. Let that sink in. Exports are nose diving, imports have blocked which has led some industries closing,tax collection has collapsed, Rp has collapsed at flour at 2500 in Karachi but Billo gets to go on holiday and Sethi is chairman.
[MENTION=131701]Mamoon[/MENTION] I am waiting. Do you have the cajones to debate?

Lol..he's sitting in his flat in Mumbai laughing at us. Enjoying the show while he trolls us strategically..this is great for him..pakistans suffering is joy for him...ignore him..the other two are just lost causes and hypocrites..

 

[daytrader]

PAKISTAN BUSINESS FORUM SAYS 2022 REMAINED ‘WORST’ YEAR FOR PAKISTAN

Pakistan Business Forum (PBF) has termed the year 2022 ‘worst’ in terms of the economic condition of Pakistan, ARY News reported on Wednesday.

Vice President Pakistan Business Forum, Ahmed Jawad said the economic policies’ continuity has become necessary now.

He predicted Pakistan’s growth rate to remain at 2 per cent in the ongoing fiscal year of 2022-23. Pakistan has to pay $26 billion in foreign debt servicing in 2023, Ahmed Jawad added.

“Pakistan is in need of the help of bigger economic powers.”

...
https://arynews.tv/pakistan-business-forum-terms-2022-worst-year-for-pakistan/

 

[MenInG]

PTI leader Fawad Chaudhry said on Thursday that the party had decided to commence a “protest movement” across Pakistan from tomorrow (Friday), adding that Chairman Imran Khan would join supporters after three weeks.

“From tomorrow, demonstrations will be staged against inflation and the sinking economy […] and this movement will continue until the incumbent government is sent packing,” he said in a media talk in Lahore.

DAWN

 

[Bewal Express]

[MENTION=135038]Major[/MENTION] [MENTION=131701]Mamoon[/MENTION]
We couldn't get enough of you when the mafia where on the march, where are you guys on here. Explain Munshis suicidal exchange rate policy

 

[MenInG]

Shares at the Pakistan Stock Exchange (PSX) continued to rally on Friday, with analysts attributing the uptrend to year-end buying and expectations of completion of the International Monetary Fund’s (IMF) ninth review which would boost critically low foreign exchange reserves.

The benchmark KSE-100 index jumped 673.09 points, or 1.69 per cent, to reach 40,420.45 points by the end of trading.

Head of Equity at Intermarket Securities Raza Jafri noted that the government has “belatedly started to comply with IMF conditions, going by the removal of import curbs and reduction in concessionary loans”.

“The market may be taking heart from this,” he said, adding that the element of year-end window dressing could also be at play.

DAWN

 

[MenInG]

Having exceeded projections in the first five months of the current fiscal year, the Federal Board of Revenue (FBR) missed its collection target for December by almost 24 per cent, or Rs225 billion, owing to a sharp drop in imports as well as delay in collection of super tax from maximum taxpayers, showed provisional data on Saturday.

The provisional revenue collection stood at Rs740bn in December as against the target of Rs965bn. This reversal of trend will make it a daunting task for FBR field formation to make a recovery from the huge shortfalls in the second half of FY23.

However, December’s collection posted a 23.23pc growth when compared with last year’s Rs600.5bn. A few more billions will come to the government kitty when book adjustments are made in the next few days.

As a result of December’s dip, the first half-year shortfall in revenue collection reached Rs218bn to Rs3.428 trillion against the target of Rs3.646tr.

DAWN

 

[James]

<b>Pakistan: 30,000 jobseekers fill stadium in Islamabad to take police force test</b>

More than 30,000 people filled a stadium in Pakistan looking to secure a job with Islamabad’s police force.

Footage shows thousands of hopefuls who filled seats at Jinnah Sports Stadium, the largest stadium in the country which is normally used for football, on 31 December to take a written test.

Though the large crowds turned up to try and secure a spot on the force, only 1,167 positions were available, according to Al Jazeera.

https://www.msn.com/en-gb/news/offb...sedgntp&cvid=15cf736fdf5c4793ad7943084080e26f

 

[daytrader]

Govt hikes wheat flour price by 62pc in utility stores


The government has increased the prices of wheat flour, sugar and ghee by 25 to 62 per cent for sale through the Utility Stores Corporation (USC) with immediate effect to reduce the impact of untargeted subsidies.

The beneficiaries of the Benazir Income Support Programme (BISP) would be exempt from the price increase, while the limit for subsidised purchases from the USC has also been curtailed.

...
https://www.dawn.com/news/1729463/govt-hikes-wheat-flour-price-by-62pc-in-utility-stores

 

[Bewal Express]

Munshi has temporarily avoided the inflation tsunami by pegging the exchange rate but that will lead to massive trouble just down the line

 

[Nikhil_cric]

Munshi has temporarily avoided the inflation tsunami by pegging the exchange rate but that will lead to massive trouble just down the line

Can you explain how that works. I mean how does it avoid inflation and what trouble could it lead to.

 

[Bewal Express]

Can you explain how that works. I mean how does it avoid inflation and what trouble could it lead to.

Basically the Rp has been fixed at a rate around 220, the real rate is around 260. If you had the $s you can use them to keep your currency inflated but we haven't. So sooner rather than later, the currency will go to free float and it will drop to its equilibrium. So basically anything that is costing 220 will cost 260.

 

[daytrader]

Short-lived respite from inflation reversed in December


The rate of consumer inflation shot back up to 24.5pc in Dec — after a temporary decline to 23.8pc in Nov — affecting the country’s rural population the most, as prices escalated by almost 29pc.

The average six-month (July-December 2022) inflation increased to 25.02pc when compared to the same period in the previous year. It was more pronounced at about 28pc for rural areas – home to more than two-thirds of the population – compared to their urban counterparts who faced 21.6pc inflation in Dec, and average of 23.1pc over six months.

The monthly data for Dec 2022, reported by the Pakistan Bureau of Statistics (PBS), showed that all the groups that form the national consumer price index (CPI) showed an upward trend, except for perishable food items. But the most damaging impact was in the shape of 35.5pc food inflation in Dec 2022 and the increase in rate of prices of perishable items was even higher (56pc) in December 2022 when compared to December 2021.

The PBS said the general inflation CPI increased to 24.5pc on a year-on-year (YoY) basis in Dec 2022 as compared to an increase of 23.8pc in the previous month. The CPI general had dropped last month to 23.8pc from a peak of 26.6pc in October, but the decline remained short lived.

...
https://www.dawn.com/news/1729660/short-lived-respite-from-inflation-reversed-in-december

 

[offstump]

New solution from our beloved government: close shops by 8:30PM!

 

[Major]

the country is in terrible state.

I keep a basic way of seeing the rise in price. I look at two things, price of Naan and price of 1.5liter coke/pepsi

Naan was at 15 and went up to 20 in September. That inflation was expected. But the current one was unexpected. Nan is now for 25 rupees.

1.5liter pepsi which was for 100 rupees, shot up to 130 rupees.

Point is, every thing has increased in prices, and the conditions have gone ridiculous. The govt is clueless and has no idea what to do. Infact no one does.

I dont think this country can survive this wave of inflation.... You can take bailout, but for the people to adjust to these conditions, it will take 1 -2 years. Salaries are not gonna be adjusted with the new market prices....

 

[OneManShow]

^^ Poster above was jubilant when power was transferred to PDM. The irony in this post wow

 

[Bewal Express]

the country is in terrible state.

I keep a basic way of seeing the rise in price. I look at two things, price of Naan and price of 1.5liter coke/pepsi

Naan was at 15 and went up to 20 in September. That inflation was expected. But the current one was unexpected. Nan is now for 25 rupees.

1.5liter pepsi which was for 100 rupees, shot up to 130 rupees.

Point is, every thing has increased in prices, and the conditions have gone ridiculous. The govt is clueless and has no idea what to do. Infact no one does.

I dont think this country can survive this wave of inflation.... You can take bailout, but for the people to adjust to these conditions, it will take 1 -2 years. Salaries are not gonna be adjusted with the new market prices....

Your mafia have been in power for decades and there was none as enthusiastic as you and [MENTION=131701]Mamoon[/MENTION] to see these cretins back in power. You taunted us with Rana, Billo and the rest of the thugs under Bajwas control. We know that these losers couldn't run a village fete and today millions are in poverty and the country has been thrown back by decades. We have no institution left intact,even our army has lost respect because Bajwa was a criminal leading a cabal of crooks.

 

[Bewal Express]

^^ Poster above was jubilant when power was transferred to PDM. The irony in this post wow

We did warn them but alas their badniyaati could not be wrenched from them. PK is never going to recover from this disaster. Every institution has been destroyed from the army to the SC. No one will trust anything done by these criminals and another opportunity wasted. Next in line is the carnival khusra, the selected one. He is Americas favourite boy, and our institutions are their bitches with no self respect or dignity.

 

[Syed1]

I pray to God that all of whom who were joyful on IK's removal are thoroughly enjoying this new "mehngayi".

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Average inflation<br><br> In 44 months of PTI = 9.3% <br>(Aug 2018 to March 2022)<br><br> In 9 months of PDM = 22.1% <br>(April 2022 - December 2022)<br><br>Media did daily propaganda in PTI tenure on inflation and now when inflation is more than double in PDM Govt, they are silent.</p>— Musa Virk (@MusaNV18) <a href="https://twitter.com/MusaNV18/status/1611433226576465921?ref_src=twsrc%5Etfw">January 6, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[Major]

^^ Poster above was jubilant when power was transferred to PDM. The irony in this post wow

You guys are still stuck in mayree party uskee party.

Point is both parties caused this mess.

But no one wants to look at that

 

[Bewal Express]

You guys are still stuck in mayree party uskee party.

Point is both parties caused this mess.

But no one wants to look at that

No it was you and you badniyaati that celebrated. You told us the Bajwa has nothing to do with this, but as the PPP Senator admitted Bajwa created the PDM, he gave AZ the task of paying the lotay of the PTI because Billo had been promised the PMship after the next election, look at the delays of election. Your thugs have done so much damage tp every institution that there is nothing left standing. Even the SC is under instructions from GHQ. And the economy had been left a total basket case.

 

[RajBan]

What was exactly the reason to remove Miftah Ismail who was doing a proper job to talk to external stakeholders and putting much needed austerity measures in place which would have brought some stability? That too they removed and put Dar who is a proven failure and has absolutely no grasp on fundamental state economics.

 

[Bewal Express]

What was exactly the reason to remove Miftah Ismail who was doing a proper job to talk to external stakeholders and putting much needed austerity measures in place which would have brought some stability? That too they removed and put Dar who is a proven failure and has absolutely no grasp on fundamental state economics.

Miftah claimed that the PML is a family business and the Dar is the father in law of NS daughter. But didn't Miftah already know this. This idiot knew this and still became a darbari and then got humiliated by the Sharifs. Well done Sharifs for humiliating a total idiot

 

[RajBan]

Miftah claimed that the PML is a family business and the Dar is the father in law of NS daughter. But didn't Miftah already know this. This idiot knew this and still became a darbari and then got humiliated by the Sharifs. Well done Sharifs for humiliating a total idiot

Classic example and lesson for all what happens when nepotism overrules merit. That they did it with the economy of their country is really unpardonable.

 

[Bewal Express]

Classic example and lesson for all what happens when nepotism overrules merit. That they did it with the economy of their country is really unpardonable.

But Miftah knew this. You join the Nooras and worship the family, you join the PPP and worship Billo and daddy. These duffers are thick as thieves and got lucky when the Generals chose them as their biggest worshippers. Bhutto was chosen by Ayub and NS by Zia. So this Junta bringing these crooks together is just a return to the status quo.

 

[Varun]

Pakistan’s army chief visits Saudi Arabia amid economic crisis

General Asif Munir heads to Saudi Arabia and UAE as the country faces a crippling economic crisis.

https://www.aljazeera.com/news/2023...sif-munir-visits-saudi-arabia-economic-crisis

Pakistan looking for yet another bailout. And of course, it has to be the Army Chief leading the parade.

 

[DRsohail]

[MENTION=131701]Mamoon[/MENTION] [MENTION=135038]Major[/MENTION] [MENTION=1269]Bewal Express[/MENTION] Why si Dar sb keeping dollar to PKR artficillay low as he did in 2018? does it benefit the economy or common man? As far as I know many of my friends are holding not to send dollars now as they think the exchange rate is very low. In UAE peopele have almost stopped senidng money through legal channles.
I think this thing is not helping the economy but again I dpnt know much about economy so..

 

[Bewal Express]

[MENTION=131701]Mamoon[/MENTION] [MENTION=135038]Major[/MENTION] [MENTION=1269]Bewal Express[/MENTION] Why si Dar sb keeping dollar to PKR artficillay low as he did in 2018? does it benefit the economy or common man? As far as I know many of my friends are holding not to send dollars now as they think the exchange rate is very low. In UAE peopele have almost stopped senidng money through legal channles.
I think this thing is not helping the economy but again I dpnt know much about economy so..

Because the idiot promised that he would bring the dollar down. As we run out of dollars, we will let the exchange rate free float and then we will have another burst of intense inflation. The other reason is that him and his friends are making billions. But at 224 and sell at 260. These crooks can't help themselves

 

[Major]

[MENTION=131701]Mamoon[/MENTION] [MENTION=135038]Major[/MENTION] [MENTION=1269]Bewal Express[/MENTION] Why si Dar sb keeping dollar to PKR artficillay low as he did in 2018? does it benefit the economy or common man? As far as I know many of my friends are holding not to send dollars now as they think the exchange rate is very low. In UAE peopele have almost stopped senidng money through legal channles.
I think this thing is not helping the economy but again I dpnt know much about economy so..

Because dar is an idiot, his economic solution is always to pegg...

 

[Bewal Express]

Because dar is an idiot, his economic solution is always to pegg...

Crisis what crisis-Look at the billions spent by your thugs on advertising and buying the media. The band played on while the titanic sank

 

[DRsohail]

Because dar is an idiot, his economic solution is always to pegg...

Every decsiion taken by PDM has backfired. Miftah for all criticism he got ,was doing a good job.

 

[Colorblind Genius]

the country is in terrible state.

I keep a basic way of seeing the rise in price. I look at two things, price of Naan and price of 1.5liter coke/pepsi

Naan was at 15 and went up to 20 in September. That inflation was expected. But the current one was unexpected. Nan is now for 25 rupees.

1.5liter pepsi which was for 100 rupees, shot up to 130 rupees.

Point is, every thing has increased in prices, and the conditions have gone ridiculous. The govt is clueless and has no idea what to do. Infact no one does.

I dont think this country can survive this wave of inflation.... You can take bailout, but for the people to adjust to these conditions, it will take 1 -2 years. Salaries are not gonna be adjusted with the new market prices....

Did you support the “mehangai mukao” march by PDM and Nooras during PTI govt?

 

[the Great Khan]

the country is in terrible state.

I keep a basic way of seeing the rise in price. I look at two things, price of Naan and price of 1.5liter coke/pepsi

Naan was at 15 and went up to 20 in September. That inflation was expected. But the current one was unexpected. Nan is now for 25 rupees.

1.5liter pepsi which was for 100 rupees, shot up to 130 rupees.

Point is, every thing has increased in prices, and the conditions have gone ridiculous. The govt is clueless and has no idea what to do. Infact no one does.

I dont think this country can survive this wave of inflation.... You can take bailout, but for the people to adjust to these conditions, it will take 1 -2 years. Salaries are not gonna be adjusted with the new market prices....

Ab maza aya hay..abhi to party shuro hoi hay janaab. But knowing you you'll still vote for this toala.

We told yu this was a mistake but you gave us nonsense. Now you will suffer the consequences.

Don't complain to us. Go somewhere else and moan. You were warned. You didn't listen..what was it they said to Khan, ah yes " you reap what you sow"..now prepare to face the whirlwind..better get your immigration application ready like the rest of your ilk who want to run abroad.

 

[Major]

Ab maza aya hay..abhi to party shuro hoi hay janaab. But knowing you you'll still vote for this toala.

We told yu this was a mistake but you gave us nonsense. Now you will suffer the consequences.

Don't complain to us. Go somewhere else and moan. You were warned. You didn't listen..what was it they said to Khan, ah yes " you reap what you sow"..now prepare to face the whirlwind..better get your immigration application ready like the rest of your ilk who want to run abroad.

If pti was doing any better you wouldve had a point.

Thing is pti was no better off.
Anyways, you will still argue our party vs your party, but both parties have failed to do anything...

 

[Bewal Express]

If pti was doing any better you wouldve had a point.

Thing is pti was no better off.
Anyways, you will still argue our party vs your party, but both parties have failed to do anything...

They were doing better much better. Much better economically, much better in governance and much better in freedom and democracy. Look at the pathetic state today where courts orders on elections are ignored, journalists are killed, people are dying waiting for flour and the list goes on

 

[ex-q-zit]

Pakistan Gets Pledges Of $8.57 Billion For Flood Recovery

Pakistan has already received total pledges of $8.57 billion for helping in flood recovery at a conference in Geneva, information minister Marriyum Aurangzeb said on Monday.

The pledges received are higher than the amount sought initially, with Prime Minister Shehbaz Sharif saying the South Asian nation needed $8 billion over the next three years, as officials from some 40 countries as well as private donors and international financial institutions meet in Geneva.

NDTV

 

[Major]

They were doing better much better. Much better economically, much better in governance and much better in freedom and democracy. Look at the pathetic state today where courts orders on elections are ignored, journalists are killed, people are dying waiting for flour and the list goes on

whatever makes you feel better.

 

[Afhan Ali]

In KPK we have PTI government and here the price of 20kg aata is RS 3000/-
Where we should go from this hill?

 

[Colorblind Genius]

While the poor families and kids in the nation are starving to death and getting crushed by inflation,

Govt Called Out For Allowing Luxury Car Imports During Economic Crisis

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">65 cars are confirmed for the first batch (on January production) for delivery in March. LCs for 45 cars are opened, and remaining 20 in process. <br><br>100 plus more cars are booked for second batch (for production in March). And they company is eagerly taking more bookings. <br><br>MA ! <a href="https://t.co/jWh83mLkUo">https://t.co/jWh83mLkUo</a></p>— Ali khizar (@AliKhizar) <a href="https://twitter.com/AliKhizar/status/1611649721172647938?ref_src=twsrc%5Etfw">January 7, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[Bewal Express]

While the poor families and kids in the nation are starving to death and getting crushed by inflation,

Govt Called Out For Allowing Luxury Car Imports During Economic Crisis

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">65 cars are confirmed for the first batch (on January production) for delivery in March. LCs for 45 cars are opened, and remaining 20 in process. <br><br>100 plus more cars are booked for second batch (for production in March). And they company is eagerly taking more bookings. <br><br>MA ! <a href="https://t.co/jWh83mLkUo">https://t.co/jWh83mLkUo</a></p>— Ali khizar (@AliKhizar) <a href="https://twitter.com/AliKhizar/status/1611649721172647938?ref_src=twsrc%5Etfw">January 7, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

This is predatory elite out to suck the blood of the poor. Just imagine if this was under IKs govt, forget about the media mafia like Geo, i would be going ballistic on here along with other PPers. Under these thugs this is normal

 

[Bewal Express]

In KPK we have PTI government and here the price of 20kg aata is RS 3000/-
Where we should go from this hill?

Its horrific and still the worse is to come. 70 years of mafia chickens coming home to roost

 

[MenInG]

Warning of another global recession, the World Bank on Tuesday forecast ******tan’s economic growth to slow further to two per cent during the current year — down by two percentage points from its June 2022 estimate — because of the devastating floods and slowdown in global growth rate.

The World Bank’s latest forecast also points to a “sharp, long-lasting slowdown” with global growth pegged at 1.7pc this year, compared to 3pc it predicted in June, said the bank’s latest Global Economic Prospects report, a flagship publication of the World Bank Group.

DAWN

 

[Colorblind Genius]

Warning of another global recession, the World Bank on Tuesday forecast ******tan’s economic growth to slow further to two per cent during the current year — down by two percentage points from its June 2022 estimate — because of the devastating floods and slowdown in global growth rate.

The World Bank’s latest forecast also points to a “sharp, long-lasting slowdown” with global growth pegged at 1.7pc this year, compared to 3pc it predicted in June, said the bank’s latest Global Economic Prospects report, a flagship publication of the World Bank Group.

DAWN

Yep, all IK’s fault. Where is [MENTION=135038]Major[/MENTION]?

 

[Afzal_K]

Just saw video of the wheat fight, very sad to see. Is Pakistan really in such a bad situation, you see all those naughty stupid vidoes on tiktok - and here poor man is fighting for wheat

 

[ex-q-zit]

Saudi Crown Prince's Big Step Towards Boosting Investment in Pakistan

Saudi Arabia's Crown Prince Mohammed bin Salman has ordered exploring increasing the kingdom's assistance and investments in Pakistan, a step toward furthering relief to the South Asian nation economy reeling from deadly floods.

The Saudi Fund for Development will conduct a study on increasing the deposit in Pakistan's central bank to $5 billion from $3 billion earlier, state-run Saudi Press Agency reported Tuesday. It will also assess the plan to increase investments in Pakistan to $10 billion, according to the same report.

The kingdom's fund provides soft loans and grants to developing countries as a means to bolster allies and cement new relationships. The statement comes a day after the Crown Prince met with Pakistan's army chief General Syed Asim Munir to review ways to enhance bilateral ties and strengthen cooperation.

Pakistan's 7.375% 2031 dollar bond was indicated 0.8 cents higher at 36.1 cents on the dollar, up by the most since the start of December. The South Asian nation's 8.25% 2024 dollar bond was indicated up 0.8 cents at 54.2 cents on the dollar. The nation's benchmark KSE-100 Index rose 0.8% at 2:34 p.m. local time

Pakistan's economy was strapped for funds after a gridlock with the International Monetary Fund over tax targets delayed disbursal of loan installments. The situation was made worse by floods that inundated a third of the nation and cut its growth by half. Pakistan has relied on friendly nations to tide over the crisis. Earlier this week, the nation received commitments of more than $10 billion in assistance.

The nation's foreign exchange reserves dropped to $5.6 billion - the lowest in almost nine years and enough to cover less than one month of imports. The deteriorating economic outlook triggered downgrades, forcing authorities to announce austerity measures to reduce energy bills and save dollars.

It's a strong commitment from Saudi Arabia, but likely to be subject to resumption of the IMF program, said Tahir Abbas, head of research at Karachi-based Arif Habib Ltd. "The investment would be in setting up a refinery in Pakistan, for which the government needs to complete modalities including finalization of refinery policy."

Saudi Arabia last month extended another loan of $3 billion at 4% to Pakistan for a year. The Saudi government will "continue to support Pakistan as much as we can," Saudi Finance Minister Mohammed Al Jadaan said at a press conference last month.

Pakistan is also looking to seek extension of a $2.1 billion from China that is due in March. About 30% of Pakistan's foreign debt is owed to China, including state-owned commercial banks.

NDTV

 

[Bewal Express]

So after the amazing achievement of the $9bn yesterday, we learnt today that it was just loans which according to SS, we don't even know the terms for. The clowns are loose in the circus but 230mn have to live with their decisions

 

[offstump]

Saudi Crown Prince's Big Step Towards Boosting Investment in Pakistan

Saudi Arabia's Crown Prince Mohammed bin Salman has ordered exploring increasing the kingdom's assistance and investments in Pakistan, a step toward furthering relief to the South Asian nation economy reeling from deadly floods.

The Saudi Fund for Development will conduct a study on increasing the deposit in Pakistan's central bank to $5 billion from $3 billion earlier, state-run Saudi Press Agency reported Tuesday. It will also assess the plan to increase investments in Pakistan to $10 billion, according to the same report.

The kingdom's fund provides soft loans and grants to developing countries as a means to bolster allies and cement new relationships. The statement comes a day after the Crown Prince met with Pakistan's army chief General Syed Asim Munir to review ways to enhance bilateral ties and strengthen cooperation.

Pakistan's 7.375% 2031 dollar bond was indicated 0.8 cents higher at 36.1 cents on the dollar, up by the most since the start of December. The South Asian nation's 8.25% 2024 dollar bond was indicated up 0.8 cents at 54.2 cents on the dollar. The nation's benchmark KSE-100 Index rose 0.8% at 2:34 p.m. local time

Pakistan's economy was strapped for funds after a gridlock with the International Monetary Fund over tax targets delayed disbursal of loan installments. The situation was made worse by floods that inundated a third of the nation and cut its growth by half. Pakistan has relied on friendly nations to tide over the crisis. Earlier this week, the nation received commitments of more than $10 billion in assistance.

The nation's foreign exchange reserves dropped to $5.6 billion - the lowest in almost nine years and enough to cover less than one month of imports. The deteriorating economic outlook triggered downgrades, forcing authorities to announce austerity measures to reduce energy bills and save dollars.

It's a strong commitment from Saudi Arabia, but likely to be subject to resumption of the IMF program, said Tahir Abbas, head of research at Karachi-based Arif Habib Ltd. "The investment would be in setting up a refinery in Pakistan, for which the government needs to complete modalities including finalization of refinery policy."

Saudi Arabia last month extended another loan of $3 billion at 4% to Pakistan for a year. The Saudi government will "continue to support Pakistan as much as we can," Saudi Finance Minister Mohammed Al Jadaan said at a press conference last month.

Pakistan is also looking to seek extension of a $2.1 billion from China that is due in March. About 30% of Pakistan's foreign debt is owed to China, including state-owned commercial banks.

NDTV

Every few months the Saudis commence a study to setup a refinery in pakistan and it goes nowhere. Time for Shehbaz to head to another country with his begging bowl.

 

[offstump]

Ironically, it looks like Ishaq Dar will be the final nail in the coffin for the PML-N. What a complete and utter disaster any way you look at it.

 

[Bewal Express]

Apparently the overseas PKs weren't real PKs and shouldn't get the vote but as we see it's their hard work that has allowed the economy to stay afloat while exports have been poor for decades.

 

[ex-q-zit]

'Shameful For A Nuclear Power To Beg': Pak PM Amid Financial Crisis

Pakistan Prime Minister Shehbaz Sharif has said it is a matter of shame that a country, which is a nuclear power, has to beg amid its faltering economy, reported The News International.

Addressing the passing-out ceremony of probationary officers of Pakistan Administrative Service (PAS) on Saturday, Shehbaz Sharif said it really embarrassed him to ask for further loans, adding that seeking foreign loans was not the right solution to address Pakistan's economic challenges as loans would have to be returned.

He said that during his recent visit to the United Arab Emirates (UAE), President Sheikh Mohammed bin Zayed had announced a further USD 1 billion loan to Pakistan.

Speaking on the occasion, Pakistan PM Shehbaz Sharif also praised Saudi Arabia for its financial support, reported The News International.

Meanwhile, Pakistan is mulling approaching friendly countries, especially Saudi Arabia, for additional deposits on an immediate basis in a bid to bridge financing until things are finalised with the International Monetary Fund (IMF), sources told The News International.

Government sources said that Saudi authorities are 'studying' the prospect of further deposits to Pakistan amid the foreign exchange reserves crunch. A senior official at the Finance Ministry said the uncertain political situation was impeding the decision-making process, making it difficult for policymakers to make hard choices needed for the revival of the IMF programme, according to the report.

Official sources told the publication that the government does not have much time to act as foreign exchange reserves held by the State Bank of Pakistan (SBP) are depleting at a rapid pace. As of January 6, the foreign exchange reserves held by the SBP stood at just USD 4.3 billion.

Commercial banks' foreign currency reserves stood at USD 5.8 billion, taking the country's cumulative reserves to around USD 10.18 billion. SBP's reserves have dropped by USD 12.3 billion in the last 12 months; from USD 16.6 billion on January 22, 2022, to USD 4.3 billion on January 6, 2023.

A few days back, Shehbaz hinted that the IMF review mission might visit Pakistan, but it is yet to happen, reported The News International.

Experts say there is a lack of understanding on moving ahead and the situation has reached a point and only action with a clear-cut vision can avert the crisis.

Moreover, the government's strategy to get dollar inflows from friendly countries and utilise them as bridge financing until the IMF programme is revived has so far failed.

Friendly countries like Saudi Arabia, have been studying the possibility of an additional USD 2 billion deposit, but it is not yet clear how much time they will take to make the decision, reported The News International.

The United Arab Emirates (UAE) also agreed to roll over USD 2 billion in existing deposits but nothing specific about the additional USD 1 billion deposit request was mentioned in a joint statement issued at the conclusion of the PM's visit to the country.

Notably, the IMF's review mission's visit is not yet confirmed due to the government's inability to take unpopular decisions, including hiking gas and electricity tariffs and taking additional taxation measures.

The tough measures taken by the government could only pave the way for the completion of the pending 9th Review under the Extended Fund Facility (EFF), reported The News International.

NDTV

 

[MenInG]

Shares at the Pakistan Stock Exchange (PSX) fell sharply on Tuesday, with analysts attributing the sell-off to political uncertainty and delay in the completion of the International Monetary Fund’s (IMF) ninth review.

The benchmark KSE-100 index plunged by 1378.54 points, or 3.47 per cent, to close at 38,342.21 points. It was the highest one-day slide since June 24, 2022, according to Arif Habib Limited.

 

[daytrader]

PM in a quandary on how to sweeten bitter IMF pill
Shehbaz withholds approval of minibudget

Prime Minister Shehbaz Sharif on Wednesday withheld his final approval of a set of measures that Pakistan had to take to unlock the much-needed International Monetary Fund (IMF) programme, directing authorities concerned to slightly sweeten the bitter pills of an increase in energy prices and taxes.

The prime minister chaired a virtual meeting from Lahore. He also directed for finding ways to ensure that there was less political fallout and also the people might be less burdened, one of the participants of the high-profile meeting told The Express Tribune.

Almost four-hour long meeting ended inconclusive amid frustration with the Washington-based IMF and the World Bank. Another round will be held to take these matters to the logical end, as the duo of the WB and the IMF had also taken a firm stance over Pakistan.

The overwhelming majority of the participants, which included cabinet members and key bureaucrats, were of the view that the only remaining option was the IMF and certain measures would have to be taken, according to sources.

...
https://tribune.com.pk/story/2396732/pm-in-a-quandary-on-how-to-sweeten-bitter-imf-pill

 

[ex-q-zit]

Pak PM Travelling Around The World With "Begging Bowl", Says Imran Khan

Pakistan Prime Minister Shehbaz Sharif is travelling to different countries around the world with a "begging bowl" but none of them is giving him a penny, ousted premier Imran Khan said on Sunday.

"See what this imported government has done to Pakistan," Khan, the Pakistan Tehreek-e-Insaf party chairman, said in an interview with a local news channel.

"Shehbaz Sharif is travelling to different countries with a begging bowl but none of them is giving him a penny," Khan said, commenting on the prime minister's recent foreign visits.

Sharif is "even begging India for holding talks, but New Delhi is asking him to first end terrorism (then it may consider talking to Pakistan)," Khan said, referring to a recent interview of the Prime Minister to a UAE media outlet in which he expressed a desire for talks with India.

Commenting on the development, India had said it always wanted normal neighbourly ties with Pakistan but there should be an atmosphere free from terror and violence for such a relationship.

Khan's comments came weeks after Sharif's two-day visit to the UAE during which the Gulf emirate agreed to extend an existing loan of USD 2 billion and provide an additional loan of USD 1 billion to help cash-strapped Pakistan tackle its economic problems, including the fast depleting foreign exchange reserves.

His UAE trip came on the heels of the Geneva Conference where the international community pledged to provide nearly USD 10 billion to help Pakistan rebuild from the summer's devastating catastrophic floods.

Sharif's government has also requested the IMF to conclude a long-awaited agreement to revive the bailout programme, as it conveyed its willingness to accept all the four major conditions set by the global lender.

Cash-strapped Pakistan revived a stalled USD 6 billion International Monetary Fund (IMF) programme last year which was initially agreed upon in 2019 but is finding it hard to meet the tough conditions of the Washington-based global lender. There are reports that the IMF may not release more funds under the programme until the pledges made by the government are met.

The IMF board in August approved the seventh and eighth reviews of Pakistan's bailout programme, allowing for a release of over USD 1.1 billion.

Khan, 70, further said that he is 100 per cent sure that Shehbaz Sharif, Interior Minister Rana Sanaullah, and ISI Counter Intelligence Wing head Maj-Gen Faisal Naseer were behind assassination attempt on his life.

"Now I am 100 per cent sure that Shehbaz and the other two I named in the FIR, which couldn't be registered, made a plan to kill me. It was a perfect plan as three trained shooters were sent to assassinate me. But it was God's will that I survived," he said.

Khan was hit by three bullets on the container-mounted-truck during his party's rally in the Wazirabad area of Punjab province (some 150-km from Lahore) on November 3, last year.

Asked if the military establishment became neutral after the retirement of army chief Gen Qamar Javed Bajwa, Khan said: "No, the military establishment is still not neutral." Khan asked the military establishment to learn from the past mistakes and stay away from politics.

"If the military continues to interfere in politics and no free and fair polls are held there will be chaos and anarchy in the country which no one has imagined," Khan warned.

The powerful Army, which has ruled the coup-prone country for more than half of its 75 plus years of existence, has hitherto wielded considerable power in the matters of security and foreign policy.

Khan, who was ousted as prime minister in April last year after a no-confidence motion was passed in the National Assembly, is seeking fresh general elections in Pakistan.

NDTV

 

[offstump]

Pak PM Travelling Around The World With "Begging Bowl", Says Imran Khan

Pakistan Prime Minister Shehbaz Sharif is travelling to different countries around the world with a "begging bowl" but none of them is giving him a penny, ousted premier Imran Khan said on Sunday.

"See what this imported government has done to Pakistan," Khan, the Pakistan Tehreek-e-Insaf party chairman, said in an interview with a local news channel.

"Shehbaz Sharif is travelling to different countries with a begging bowl but none of them is giving him a penny," Khan said, commenting on the prime minister's recent foreign visits.

Sharif is "even begging India for holding talks, but New Delhi is asking him to first end terrorism (then it may consider talking to Pakistan)," Khan said, referring to a recent interview of the Prime Minister to a UAE media outlet in which he expressed a desire for talks with India.

Commenting on the development, India had said it always wanted normal neighbourly ties with Pakistan but there should be an atmosphere free from terror and violence for such a relationship.

Khan's comments came weeks after Sharif's two-day visit to the UAE during which the Gulf emirate agreed to extend an existing loan of USD 2 billion and provide an additional loan of USD 1 billion to help cash-strapped Pakistan tackle its economic problems, including the fast depleting foreign exchange reserves.

His UAE trip came on the heels of the Geneva Conference where the international community pledged to provide nearly USD 10 billion to help Pakistan rebuild from the summer's devastating catastrophic floods.

Sharif's government has also requested the IMF to conclude a long-awaited agreement to revive the bailout programme, as it conveyed its willingness to accept all the four major conditions set by the global lender.

Cash-strapped Pakistan revived a stalled USD 6 billion International Monetary Fund (IMF) programme last year which was initially agreed upon in 2019 but is finding it hard to meet the tough conditions of the Washington-based global lender. There are reports that the IMF may not release more funds under the programme until the pledges made by the government are met.

The IMF board in August approved the seventh and eighth reviews of Pakistan's bailout programme, allowing for a release of over USD 1.1 billion.

Khan, 70, further said that he is 100 per cent sure that Shehbaz Sharif, Interior Minister Rana Sanaullah, and ISI Counter Intelligence Wing head Maj-Gen Faisal Naseer were behind assassination attempt on his life.

"Now I am 100 per cent sure that Shehbaz and the other two I named in the FIR, which couldn't be registered, made a plan to kill me. It was a perfect plan as three trained shooters were sent to assassinate me. But it was God's will that I survived," he said.

Khan was hit by three bullets on the container-mounted-truck during his party's rally in the Wazirabad area of Punjab province (some 150-km from Lahore) on November 3, last year.

Asked if the military establishment became neutral after the retirement of army chief Gen Qamar Javed Bajwa, Khan said: "No, the military establishment is still not neutral." Khan asked the military establishment to learn from the past mistakes and stay away from politics.

"If the military continues to interfere in politics and no free and fair polls are held there will be chaos and anarchy in the country which no one has imagined," Khan warned.

The powerful Army, which has ruled the coup-prone country for more than half of its 75 plus years of existence, has hitherto wielded considerable power in the matters of security and foreign policy.

Khan, who was ousted as prime minister in April last year after a no-confidence motion was passed in the National Assembly, is seeking fresh general elections in Pakistan.

NDTV

The Sharif’s are known beggars. They are more than happy to get down on their knees and beg to every penny so they can line their own pockets in the process. One of our well known posters used to call IK a beggar, now he’s disappeared from this thread altogether and is probably on the begging tour himself.

 

[Major]

The Sharif’s are known beggars. They are more than happy to get down on their knees and beg to every penny so they can line their own pockets in the process. One of our well known posters used to call IK a beggar, now he’s disappeared from this thread altogether and is probably on the begging tour himself.

did't Imran Khan beg countries? Didnt he beg saudis who became unhappy with him and tried asking their monney back?

I think after seeing Imrans govt, you shouldn't be using the begging bahana. Yes maybe before the 2018 general election you had a scoring point of the begging bowl, but when Imran did the same thing, maybe its better to not go that way

 

[Major]

Pak PM Travelling Around The World With "Begging Bowl", Says Imran Khan

Pakistan Prime Minister Shehbaz Sharif is travelling to different countries around the world with a "begging bowl" but none of them is giving him a penny, ousted premier Imran Khan said on Sunday.

"See what this imported government has done to Pakistan," Khan, the Pakistan Tehreek-e-Insaf party chairman, said in an interview with a local news channel.

"Shehbaz Sharif is travelling to different countries with a begging bowl but none of them is giving him a penny," Khan said, commenting on the prime minister's recent foreign visits.

Sharif is "even begging India for holding talks, but New Delhi is asking him to first end terrorism (then it may consider talking to Pakistan)," Khan said, referring to a recent interview of the Prime Minister to a UAE media outlet in which he expressed a desire for talks with India.

Commenting on the development, India had said it always wanted normal neighbourly ties with Pakistan but there should be an atmosphere free from terror and violence for such a relationship.

Khan's comments came weeks after Sharif's two-day visit to the UAE during which the Gulf emirate agreed to extend an existing loan of USD 2 billion and provide an additional loan of USD 1 billion to help cash-strapped Pakistan tackle its economic problems, including the fast depleting foreign exchange reserves.

His UAE trip came on the heels of the Geneva Conference where the international community pledged to provide nearly USD 10 billion to help Pakistan rebuild from the summer's devastating catastrophic floods.

Sharif's government has also requested the IMF to conclude a long-awaited agreement to revive the bailout programme, as it conveyed its willingness to accept all the four major conditions set by the global lender.

Cash-strapped Pakistan revived a stalled USD 6 billion International Monetary Fund (IMF) programme last year which was initially agreed upon in 2019 but is finding it hard to meet the tough conditions of the Washington-based global lender. There are reports that the IMF may not release more funds under the programme until the pledges made by the government are met.

The IMF board in August approved the seventh and eighth reviews of Pakistan's bailout programme, allowing for a release of over USD 1.1 billion.

Khan, 70, further said that he is 100 per cent sure that Shehbaz Sharif, Interior Minister Rana Sanaullah, and ISI Counter Intelligence Wing head Maj-Gen Faisal Naseer were behind assassination attempt on his life.

"Now I am 100 per cent sure that Shehbaz and the other two I named in the FIR, which couldn't be registered, made a plan to kill me. It was a perfect plan as three trained shooters were sent to assassinate me. But it was God's will that I survived," he said.

Khan was hit by three bullets on the container-mounted-truck during his party's rally in the Wazirabad area of Punjab province (some 150-km from Lahore) on November 3, last year.

Asked if the military establishment became neutral after the retirement of army chief Gen Qamar Javed Bajwa, Khan said: "No, the military establishment is still not neutral." Khan asked the military establishment to learn from the past mistakes and stay away from politics.

"If the military continues to interfere in politics and no free and fair polls are held there will be chaos and anarchy in the country which no one has imagined," Khan warned.

The powerful Army, which has ruled the coup-prone country for more than half of its 75 plus years of existence, has hitherto wielded considerable power in the matters of security and foreign policy.

Khan, who was ousted as prime minister in April last year after a no-confidence motion was passed in the National Assembly, is seeking fresh general elections in Pakistan.

NDTV

lol coming from the guy who did national begging competition on live tv. Added with his fake callers. Than he went to Bin Salman for spare change during the time when Saudi's were making investment deals with modi.....

No wonder he is the only prime minister of pakistan that lost the peoples confidence

 

[Cricket-lion]

lol coming from the guy who did national begging competition on live tv. Added with his fake callers. Than he went to Bin Salman for spare change during the time when Saudi's were making investment deals with modi.....

No wonder he is the only prime minister of pakistan that lost the peoples confidence

You mean the vote count was manipulated in a wrongful way. Be honest.

 

[Major]

You mean the vote count was manipulated in a wrongful way. Be honest.

how was it manipulated? The constitution allows for a VONC to happen and it was bound to be succesfull as PTI wasn't in majority. This how VONC takes place worldwide.

Have you ever seen a majority party sitting in opposition and than doing a VONC against a minority govt in power? Doesnt happen like that. You always need other parties to join

 

[Bewal Express]

how was it manipulated? The constitution allows for a VONC to happen and it was bound to be succesfull as PTI wasn't in majority. This how VONC takes place worldwide.

Have you ever seen a majority party sitting in opposition and than doing a VONC against a minority govt in power? Doesnt happen like that. You always need other parties to join

Stop acting as if you don't know what happened. Javed Latif said the mafia was forced to take power, so who forced them. Was it my chacha?

 

[MenInG]

Amid fiscal challenges, the government has increased development funds for parliamentarians by almost 30 per cent from budgetary allocations to Rs90 billion and is set to distribute about Rs8.4bn to farmers through database of the Sindh government.

This was the crux of a meeting of the Economic Coordination Committee (ECC) of the Cabinet on Wednesday that also approved almost Rs1bn in additional funding for the maintenance of rest houses and residences of the judges of the Supreme Court of Pakistan in various cities across the country.

Presided over by Finance Minister Ishaq Dar, the ECC meeting also approved about 25pc increase in the price of a vial used in pregnancy tests and an assistance package to families of persons who lost lives during a recent political march. The meeting deferred a decision on a proposal for an increase in the prices of 54 other medicines.

Prime Minister Shehbaz Sharif had a day earlier said that Pakistan faced fiscal and economic challenges and wanted the IMF support to sail through these difficult times.

 

[Savak]

The Dollar has shot up to Rs 255 today from Rs 230 yesterday. Looks like the IMF condition of letting the ruppee float at FMV has finally been implemented as the PDM government had no choice.

Apparently Ishaq Dar had to beg Shehbaz Sharif to intervene to get the IMF to release funds because all his tactics and efforts had failed. Mind you Ishaq Dar replaced Miftah Ismail and literally commented you are a novice, let me show you how to deal with the IMF.

Will this buffoon Dar ever be held accountable for anything?

 

[Savak]

If the beghairat Munshi had any shame he would resign and hang himself. But asking for ghairat from these crooks is forlorn hope. This mafia really is the **** of the earth.

Dar wasted precious needed foreign exchange trying to peg the dollar. I read somewhere $7 billion atleast. He did the same thing from 2013 to 2017

 

[Bewal Express]

Dar wasted precious needed foreign exchange trying to peg the dollar. I read somewhere $7 billion atleast. He did the same thing from 2013 to 2017

Dar was a disaster 1st time around and this time his few months have been nothing short of catastrophe. [MENTION=131701]Mamoon[/MENTION] remember your competent crooks posts.)))

 

[Syed1]

[MENTION=1269]Bewal Express[/MENTION] do you think all the funds received from FBR are helping Dr. [MENTION=131701]Mamoon[/MENTION] navigate the economic conditions of Rs 255/$....


He used to tell us Ishaq Dar and Shahbaz Sharif were the competent economic managers that we needed inplace of incompetent Imran Khan.

 

[Bewal Express]

[MENTION=1269]Bewal Express[/MENTION] do you think all the funds received from FBR are helping Dr. [MENTION=131701]Mamoon[/MENTION] navigate the economic conditions of Rs 255/$....


He used to tell us Ishaq Dar and Shahbaz Sharif were the competent economic managers that we needed inplace of incompetent Imran Khan.

Nothing from [MENTION=131701]Mamoon[/MENTION] and [MENTION=135038]Major[/MENTION] aged well. So are embarrassed are these Mafia supporters that the economy thread is a no go area

 

[Bewal Express]

[MENTION=1269]Bewal Express[/MENTION] do you think all the funds received from FBR are helping Dr. [MENTION=131701]Mamoon[/MENTION] navigate the economic conditions of Rs 255/$....


He used to tell us Ishaq Dar and Shahbaz Sharif were the competent economic managers that we needed inplace of incompetent Imran Khan.

Nothing from [MENTION=131701]Mamoon[/MENTION] and [MENTION=135038]Major[/MENTION] aged well. So are embarrassed are these Mafia supporters that the economy thread is a no go area

 

[offstump]

Shehbaz can’t even beg effectively. You’d think that would be the one thing the sharif’s would be good at.

 

[Ahmad-GERMANFC]

Dar was a disaster 1st time around and this time his few months have been nothing short of catastrophe. [MENTION=131701]Mamoon[/MENTION] remember your competent crooks posts.)))

Man let’s not put these laughing smileys even if vindicated. It’s really desperate

It’s really impacting people and the struggle is bad. I know some lower middle class families taking their children out of school now with all these issues.

 

[Ahmad-GERMANFC]

The Dollar has shot up to Rs 255 today from Rs 230 yesterday. Looks like the IMF condition of letting the ruppee float at FMV has finally been implemented as the PDM government had no choice.

Apparently Ishaq Dar had to beg Shehbaz Sharif to intervene to get the IMF to release funds because all his tactics and efforts had failed. Mind you Ishaq Dar replaced Miftah Ismail and literally commented you are a novice, let me show you how to deal with the IMF.

Will this buffoon Dar ever be held accountable for anything?

He obv won’t be held accountable because Nawaz sharifs daughter shares a bedroom with his son

 

[Savak]

Mamoon and Major participate actively in IK and PTI threads where he is struggling but no involvement in the economy thread

 

[Colorblind Genius]

Mamoon and Major participate actively in IK and PTI threads where he is struggling but no involvement in the economy thread

They have already addressed this issue with an impregnably deep philosophical answer, "It's all IK's fault".

 

[MenInG]

Pakistan economy destroyed in a matter of months by an incompetent regime.

 

[Major]

Mamoon and Major participate actively in IK and PTI threads where he is struggling but no involvement in the economy thread

well atleast you admit Imran struggles and isn't fit to lead the country.