Pakistan economy under the PDM government & now the caretaker administration

[MenInG]

Back to topic pls.

 

[MenInG]

Disaster

 

[Hextro]

Remittances have crossed $3 billion in April. Total Earnings (Exports + Remittances) have averaged over $6 billion per month for a few consecutive months in 2022 which is an improvement of over 50% compared to 2018 when we averaged less than $4 billion per month. If we continue with average earnings of $6 billion per month we will have earnings of around $72 billion in 2022.

Our total imports are likely to be around $80-90 billion this fiscal year if the current trends continue(Russia-Ukraine war, Covid), the total CAD has been contained due to the expansionary policies of PTI.

contrary to PDMs propaganda CAD will be less than $15 billion this fiscal year.

I wish Imran Khan was able to complete his term, not every decision of his was good but Pakistan's economy was genuinely on the right path during his term. PDM can't be bothered with taking a decision.

 

[Hermoine Green]

Update on inflation : Weekly sensitive price index that defines inflation is 15.85% up.

Lead by wheat flour which is 41.78% up from the previous week.

 

[Hextro]

Update on inflation : Weekly sensitive price index that defines inflation is 15.85% up.

Lead by wheat flour which is 41.78% up from the previous week.

This frustrates me the most because this could've been easily avoided by importing wheat and oil from Russia at a discounted price. (Imran Khan was about to sign a deal with Russia to do exactly this.)

Ten more European gas buyers opened Ruble accounts today just to buy oil from Russia at a discounted price, we missed a golden opportunity because of this imported government's incompetency and slave mentality.

The incompetence on display from PDM is unparalleled in Pakistan's history. I don't want to see PDM supporters to use the "competent" argument ever again.

 

[silentkiller187]

KARACHI:
The foreign exchange reserves held by the central bank decreased 1.8% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On May 6, the foreign currency reserves held by the SBP were recorded at $10,308.7 million, down $190 million compared with $10,499 million on April 30.

According to the central bank, the decrease came due to external debt repayments.

Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $16,375.7 million. Net reserves held by banks amounted to $6,067 million.

In the week ended August 27, 2021 the foreign exchange reserves held by the central bank soared to an all-time high of $20.15 billion after Pakistan received general allocation of Special Drawing Rights (SDRs) worth $2,751.8 million from the IMF on August 24.

Read Foreign exchange: SBP reserves dip $190m to $10.3b

On March 30, 2021, Pakistan borrowed $2.5 billion through Eurobonds by offering lucrative interest rates to lenders aimed at building the foreign exchange reserves.

It received the first loan tranche of $991.4 million from the IMF on July 9, 2019, which helped bolster the reserves. In late December 2019, the IMF released the second loan tranche of around $454 million. The reserves also jumped on account of $2.5 billion in inflows from China. In 2020, the SBP successfully made foreign debt repayment of over $1 billion on the maturity of Sukuk.

https://tribune.com.pk/story/2356337/sbp-reserves-dip-190m-to-103b

 

[Bewal Express]

Dollar 193.50

Just saying..

So they came into govt with all the hype and can't make any hard decisions. The fact that they have destroyed the economy in 3 weeks and caused chaos at the behest of America is even more shameful

 

[Hermoine Green]

So they came into govt with all the hype and can't make any hard decisions. The fact that they have destroyed the economy in 3 weeks and caused chaos at the behest of America is even more shameful

And now they all are putting blame in Imran Khan.

And when Dollar was falling, they were taking the credits

 

[Hextro]

So they came into govt with all the hype and can't make any hard decisions. The fact that they have destroyed the economy in 3 weeks and caused chaos at the behest of America is even more shameful

They are self-proclaimed slaves. No one should expect anything from these types of people. You wouldn't believe how much support these thieves are losing by the day, some people from my family were die heart supporters of PMLN and now even they refuse to support these corrupt thieves.

Times are changing and hopefully the youth will kick these leeches out of Pakistan, permanently.

 

[Technics 1210]

Deflation folks! Deflation! PDM crooks and supporters now begging for foreign cash.

 

[Kriketer]

They are self-proclaimed slaves. No one should expect anything from these types of people. You wouldn't believe how much support these thieves are losing by the day, some people from my family were die heart supporters of PMLN and now even they refuse to support these corrupt thieves.

Times are changing and hopefully the youth will kick these leeches out of Pakistan, permanently.

They don't need to be just kicked out but Pakistan needs to set an example out of these corrupt mafia. Hang them, best would be if public drags them out and hangs them but that would be too vicious of an example and impractical but it will be a lesson that generations ll read and remember if it were to happen.

PDM fans have gone into hiding. Why don't they post anything in this thread?

 

[Hextro]

They don't need to be just kicked out but Pakistan needs to set an example out of these corrupt mafia. Hang them, best would be if public drags them out and hangs them but that would be too vicious of an example and impractical but it will be a lesson that generations ll read and remember if it were to happen.

PDM fans have gone into hiding. Why don't they post anything in this thread?

Those were also my thoughts but I had to tone down my comment. You're absolutely right though, they need to be made an example of, we need to tell Pakistanis that there's a massive price for doing corruption, ideally a death penalty to those who have made the lives of millions miserable.

 

[Bewal Express]

Already they can't show their faces in public, just imagine if this meltdown continues.

 

[Hermoine Green]

Government imports 12 cargos of LNG at the highest price in history of Pakistan for May 2022.

Price $22.88 MMBTU.

IK government had last imported it for $15.61 MMBTU

 

[Mamoon]

When the dollar rate increased from $100 to $187 in 3.5 years of PTI rule, the cult didn’t have the moral courage to say a word.

However, now that the dollar has gone from $187 to $193 - which is again, a consequence of PTI's decision to not meet meet IMF conditions - PTI cult-followers are on fire now.

The same goes for other issues like inflation. They have started to feel the pinch all of a sudden.

In fact, for 3 years, they claimed there was no inflation because their messiah told them so.

The same goes for pulling down the GDP rate from 5.8 to zero during pre-COVID days.

Moreover, since Imran has nothing to say on the economic front which he has badly damaged in the last 3.5 years, he has come up with a "U.S. conspiracy" against him in which all political parties, military and judiciary are part of the conspiracy.

 

[mmkextreme_1]

When the dollar rate increased from $100 to $187 in 3.5 years of PTI rule, the cult didn’t have the moral courage to say a word.

However, now that the dollar has gone from $187 to $193 - which is again, a consequence of PTI's decision to not meet meet IMF conditions - PTI cult-followers are on fire now.

The same goes for other issues like inflation. They have started to feel the pinch all of a sudden.

In fact, for 3 years, they claimed there was no inflation because their messiah told them so.

The same goes for pulling down the GDP rate from 5.8 to zero during pre-COVID days.

Moreover, since Imran has nothing to say on the economic front which he has badly damaged in the last 3.5 years, he has come up with a "U.S. conspiracy" against him in which all political parties, military and judiciary are part of the conspiracy.

It was never a 100 rupees to a $1 when PTI took over, please look again.

When PTI took over, the $ was at 128 (or around that) and fell drastically because of the previous government's policies.

What was wrong with signing an energy deal with Russia? Buying discounted wheat?

 

[Hermoine Green]

When the dollar rate increased from $100 to $187 in 3.5 years of PTI rule, the cult didn’t have the moral courage to say a word.

However, now that the dollar has gone from $187 to $193 - which is again, a consequence of PTI's decision to not meet meet IMF conditions - PTI cult-followers are on fire now.

The same goes for other issues like inflation. They have started to feel the pinch all of a sudden.

In fact, for 3 years, they claimed there was no inflation because their messiah told them so.

The same goes for pulling down the GDP rate from 5.8 to zero during pre-COVID days.

Moreover, since Imran has nothing to say on the economic front which he has badly damaged in the last 3.5 years, he has come up with a "U.S. conspiracy" against him in which all political parties, military and judiciary are part of the conspiracy.

Damn, you started your post with a LIE, at least come up with some facts dude. And then we can talk.

You start your narrative with a lie which is hilarious.

 

[Hermoine Green]

It was never a 100 rupees to a $1 when PTI took over, please look again.

When PTI took over, the $ was at 128 (or around that) and fell drastically because of the previous government's policies.

What was wrong with signing an energy deal with Russia? Buying discounted wheat?

124 to be precise.

 

[Bewal Express]

When the dollar rate increased from $100 to $187 in 3.5 years of PTI rule, the cult didn’t have the moral courage to say a word.

However, now that the dollar has gone from $187 to $193 - which is again, a consequence of PTI's decision to not meet meet IMF conditions - PTI cult-followers are on fire now.

The same goes for other issues like inflation. They have started to feel the pinch all of a sudden.

In fact, for 3 years, they claimed there was no inflation because their messiah told them so.

The same goes for pulling down the GDP rate from 5.8 to zero during pre-COVID days.

Moreover, since Imran has nothing to say on the economic front which he has badly damaged in the last 3.5 years, he has come up with a "U.S. conspiracy" against him in which all political parties, military and judiciary are part of the conspiracy.

Perhaps starting with correct figures will help. Your the loser that has no idea how the value is determined and now your crooks have used of the reserves IK built up, you are kacking your pants. IK used all his political capital to persuade China and Saudi to help. Your begger went ( remember when you called Kaptaan a begger) and they were told to get lost.

 

[Bewal Express]

When the dollar rate increased from $100 to $187 in 3.5 years of PTI rule, the cult didn’t have the moral courage to say a word.

However, now that the dollar has gone from $187 to $193 - which is again, a consequence of PTI's decision to not meet meet IMF conditions - PTI cult-followers are on fire now.

The same goes for other issues like inflation. They have started to feel the pinch all of a sudden.

In fact, for 3 years, they claimed there was no inflation because their messiah told them so.

The same goes for pulling down the GDP rate from 5.8 to zero during pre-COVID days.

Moreover, since Imran has nothing to say on the economic front which he has badly damaged in the last 3.5 years, he has come up with a "U.S. conspiracy" against him in which all political parties, military and judiciary are part of the conspiracy.

Growth at 5.5%, Exports up by a 1/3rd, imports down, tax collection up and will double from when he took over, remittances up by 1/3 rd and 5mn jobs created more than the Nooras ever did and this during Corona. Try again.

 

[Hextro]

When the dollar rate increased from $100 to $187 in 3.5 years of PTI rule, the cult didn’t have the moral courage to say a word.

However, now that the dollar has gone from $187 to $193 - which is again, a consequence of PTI's decision to not meet meet IMF conditions - PTI cult-followers are on fire now.

The same goes for other issues like inflation. They have started to feel the pinch all of a sudden.

In fact, for 3 years, they claimed there was no inflation because their messiah told them so.

The same goes for pulling down the GDP rate from 5.8 to zero during pre-COVID days.

Moreover, since Imran has nothing to say on the economic front which he has badly damaged in the last 3.5 years, he has come up with a "U.S. conspiracy" against him in which all political parties, military and judiciary are part of the conspiracy.

Nice to see you in the economy thread.

1.) PTI stopped artificially pumping up the rupee because we simply couldn't afford to do that anymore. PMLN only left $7.6 billion in the SBPs(State Bank of Pakistan) reserves when they left. We were on the verge of bankruptcy in 2018 as admitted by PML-N's Shahid Khaqan Abbasi live on TV.

Unless you wanted Pakistan to turn into Lebanon 2.0 there was no way for us to maintain the Rupees value.

2.) Pakistan's GDP "growth" in 2018 was entirely artificial and due to PMLN's import-oriented policies. This import-led "growth" led to Pakistan having a CAD(Current Account Deficit) of over $19 billion in 2018 despite record low fuel and commodity prices globally.

PMLN decreased Pakistan's export of goods from $24.8 Billion to $24.7 Billion in 5 years while increasing Pakistan's imports from $43.7 billion to $63.1 billion in 5 years, and as I said before PMLN managed to mess up this badly despite record low fuel and commodity prices globally. This level of incompetence is unparalleled. You would struggle to find a government as incompetent as PMLN anywhere in the world.

PTI has increased Pakistan's exports of goods from $24.7 Billion to more than $30.6 Billion in 3.5 years and we were on track to hit $50 billion in exports of goods and services by 2025.

Total Earnings (Exports + Remittances) have averaged over $6 billion per month for a few consecutive months in 2022 which is an improvement of over 50% compared to 2018 when we averaged less than $4 billion per month. If we continue with average earnings of $6 billion per month we will have earnings of around $72 billion in 2022. PTI has built a very nice foundation for Pakistan to grow from but it looks like PDM is too incompetent to take advantage of PTIs hard work.

3.) Your last point is simply untrue. Pakistan's GDP growth rate was 3.12% in 2019, -1.00 in 2020(entirely due to covid), and 5.57% in 2021.

The difference between PTI and PMLN's GDP growth rate is that PTIs growth rate was due to its export-oriented policies whereas PMLNs growth rate was due to its import-oriented policies. PTIs growth policies were sustainable, PMLNs policies weren't sustainable.

 

[Hextro]

Growth at 5.5%, Exports up by a 1/3rd, imports down, tax collection up and will double from when he took over, remittances up by 1/3 rd and 5mn jobs created more than the Nooras ever did and this during Corona. Try again loser.

Corona + a major war in Europe after almost a century.

 

[Abstraction1]

PDM supporters seem to be either disingenuous or rub from debate on nearly every platform I've seen them.

They really are spineless people.

 

[DRsohail]

It was never a 100 rupees to a $1 when PTI took over, please look again.

When PTI took over, the $ was at 128 (or around that) and fell drastically because of the previous government's policies.

What was wrong with signing an energy deal with Russia? Buying discounted wheat?

He is telling lies, it was never 100 rupees. And he knows it wasn't but he still says the same thing.I was not expecting this.

 

[DRsohail]

Government imports 12 cargos of LNG at the highest price in history of Pakistan for May 2022.

Price $22.88 MMBTU.

IK government had last imported it for $15.61 MMBTU

MashaAllah, they were her to fix economy.

 

[DRsohail]

124 to be precise.

It was 131 , when IK won came down to 124 . If he says it was 187 then it's also wrong, Dolar was 181 on the day shibaz took over.

 

[Xoib]

Nice to see you in the economy thread.

1.) PTI stopped artificially pumping up the rupee because we simply couldn't afford to do that anymore. PMLN only left $7.6 billion in the SBPs(State Bank of Pakistan) reserves when they left. We were on the verge of bankruptcy in 2018 as admitted by PML-N's Shahid Khaqan Abbasi live on TV.

Unless you wanted Pakistan to turn into Lebanon 2.0 there was no way for us to maintain the Rupees value.

2.) Pakistan's GDP "growth" in 2018 was entirely artificial and due to PMLN's import-oriented policies. This import-led "growth" led to Pakistan having a CAD(Current Account Deficit) of over $19 billion in 2018 despite record low fuel and commodity prices globally.

PMLN decreased Pakistan's export of goods from $24.8 Billion to $24.7 Billion in 5 years while increasing Pakistan's imports from $43.7 billion to $63.1 billion in 5 years, and as I said before PMLN managed to mess up this badly despite record low fuel and commodity prices globally. This level of incompetence is unparalleled. You would struggle to find a government as incompetent as PMLN anywhere in the world.

PTI has increased Pakistan's exports of goods from $24.7 Billion to more than $30.6 Billion in 3.5 years and we were on track to hit $50 billion in exports of goods and services by 2025.

Total Earnings (Exports + Remittances) have averaged over $6 billion per month for a few consecutive months in 2022 which is an improvement of over 50% compared to 2018 when we averaged less than $4 billion per month. If we continue with average earnings of $6 billion per month we will have earnings of around $72 billion in 2022. PTI has built a very nice foundation for Pakistan to grow from but it looks like PDM is too incompetent to take advantage of PTIs hard work.

3.) Your last point is simply untrue. Pakistan's GDP growth rate was 3.12% in 2019, -1.00 in 2020(entirely due to covid), and 5.57% in 2021.

The difference between PTI and PMLN's GDP growth rate is that PTIs growth rate was due to its export-oriented policies whereas PMLNs growth rate was due to its import-oriented policies. PTIs growth policies were sustainable, PMLNs policies weren't sustainable.

Thank you for saving me time to respond to this garbage post.He has no idea how rupee was artificially supported by PML N and it takes a lot of courage to stop artificially management of the currency which PTI did . He is blaming PTI for the inflation by not implementing IMF conditions why is his corrupt competent government unable to follow Suite.

 

[Bewal Express]

Corona + a major war in Europe after almost a century.

A short war with India. And despite this IK did well. We were on course for around 5.5% this year and that would have been amazing. Just imagine if Kaptaan had the stability the Nooras had where NS spent 25% of his time on holiday. There were times where he would turn up to a food festival in Outer Mongolia just to get out of the country. I cant remember a week when the Kaptaan wasnt dealing with mafia and their silly games

 

[Bewal Express]

It was 131 , when IK won came down to 124 . If he says it was 187 then it's also wrong, Dolar was 181 on the day shibaz took over.

Before the Sazish it was 177. I had this debate with [MENTION=135038]Major[/MENTION]. And the average hovered around 173-175. Many felt that it should have been in the 160s( based on the fundamentals) before The Russo- Ukraine war

 

[Hextro]

A short war with India. And despite this IK did well. We were on course for around 5.5% this year and that would have been amazing. Just imagine if Kaptaan had the stability the Nooras had where NS spent 25% of his time on holiday. There were times where he would turn up to a food festival in Outer Mongolia just to get out of the country. I cant remember a week when the Kaptaan wasnt dealing with mafia and their silly games

These crooks have spent more time outside Pakistan than they did inside Pakistan since taking office. The country is in crisis because of their indecisiveness.

 

[DRsohail]

Before the Sazish it was 177. I had this debate with [MENTION=135038]Major[/MENTION]. And the average hovered around 173-175. Many felt that it should have been in the 160s( based on the fundamentals) before The Russo- Ukraine war

Let them spread more lies,.

 

[DRsohail]

Thank you for saving me time to respond to this garbage post.He has no idea how rupee was artificially supported by PML N and it takes a lot of courage to stop artificially management of the currency which PTI did . He is blaming PTI for the inflation by not implementing IMF conditions why is his corrupt competent government unable to follow Suite.

Jut for the purpose of getting myself updated, can you please tell me how they did keep rupees value high artificially.

 

[Hermoine Green]

Highest ever LNG prices in ����!
RLNG price for SNGPL has increased by $6.21 to $21.831/MMBTU i.e. 4140Rs/MMBTU
SSGC price up by $ $6.87 to $23.78 i.e. 4510Rs/MMBTU, normally prices are between 1400-1800Rs.

Expect higher cost for industry & fuel price adjustment in coming months.

 

[Hermoine Green]

Jut for the purpose of getting myself updated, can you please tell me how they did keep rupees value high artificially.

It is called Darnomics (Ishaq Dar)

 

[Technics 1210]

When the dollar rate increased from $100 to $187 in 3.5 years of PTI rule, the cult didn’t have the moral courage to say a word.

However, now that the dollar has gone from $187 to $193 - which is again, a consequence of PTI's decision to not meet meet IMF conditions - PTI cult-followers are on fire now.

The same goes for other issues like inflation. They have started to feel the pinch all of a sudden.

In fact, for 3 years, they claimed there was no inflation because their messiah told them so.

The same goes for pulling down the GDP rate from 5.8 to zero during pre-COVID days.

Moreover, since Imran has nothing to say on the economic front which he has badly damaged in the last 3.5 years, he has come up with a "U.S. conspiracy" against him in which all political parties, military and judiciary are part of the conspiracy.

If you are going to lie then at least get the basics right first. It's not $100 or $187, its is PKR 100/187.

How's the deflationary period coming along? Please do tell.

 

[Bewal Express]

Has anyone seen a more terrible interview. [MENTION=131701]Mamoon[/MENTION] can you make sense of this rubbish
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Absolute disaster. No plan, no clarity, no clue in the face of economic crisis<a href="https://t.co/yz4xNcb0xJ">pic.twitter.com/yz4xNcb0xJ</a></p>— Sana Jamal (@Sana_Jamal) <a href="https://twitter.com/Sana_Jamal/status/1525568204256514048?ref_src=twsrc%5Etfw">May 14, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[Abstraction1]

He just made up a bold face lie in his previous post.
[MENTION=131701]Mamoon[/MENTION] likely sees nothing wrong with the PDM rhetoric.

 

[daytrader]

Has anyone seen a more terrible interview. [MENTION=131701]Mamoon[/MENTION] can you make sense of this rubbish
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Absolute disaster. No plan, no clarity, no clue in the face of economic crisis<a href="https://t.co/yz4xNcb0xJ">pic.twitter.com/yz4xNcb0xJ</a></p>— Sana Jamal (@Sana_Jamal) <a href="https://twitter.com/Sana_Jamal/status/1525568204256514048?ref_src=twsrc%5Etfw">May 14, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

PML N can't do anything till Zardari approves, they know this. Impressed with the Geo news anchor who really kept pushing for answers.

 

[offstump]

[MENTION=131701]Mamoon[/MENTION] has had too much Rooh Afza and seems to lack basic arithmetic skills. He’s literally making stuff up on the fly like his messiah Nawaz bin Sharif. For the sake of the debate let’s agree that PTI left the economy in shambles. No, let’s say it was left in absolute shambles like his other messiah Shahbaz bin Sharif claims, what are the PML/PDM doing to improve the economy? All their arguments are to blame the previous regime, which ironically they spent 4 years bashing the PTI for doing. What’s the plan Stan?

 

[Abstraction1]

There is zero point discussing anything with PDM supporters. They don't engage in dialogue only rhetoric. This [MENTION=131701]Mamoon[/MENTION] fella is prime example.

They behave like 2-digit IQ Crayon Eaters.

We have a sample size of 5 decades between PPP and PDM ping-ponging between governments.

Since the 80s, Pakistan has suffered from institutional corruption, incompetence, nepotism and cronyism.

If you can't see how absurd it is to have literal families in government institutions and as billionaires, then you'll never understand

If IK can somehow claw his way back to PM, he will need to violently overthrow and imprison all these clowns.

 

[Hermoine Green]

Yes, hospitals are continuing to accept Sehat Card after the new government resolved the issue. There was a temporary stop as a result or the previous government not being able to meet its commitments. Not rocket science, is it?

Am i reading it correct??????????? )

 

[DRsohail]

Am i reading it correct??????????? )

You must be reading it wrong, lol, someol people are beyond repair.

 

[Hextro]

Govt is not planning to change petroleum prices: Miftah

These guys have directly destroyed Pakistan's economy within a month, bravo. Miftah is due another useless trip outside Pakistan by now. Might as well appoint a child as our finance minister.

It seems like PDM doesn't have the required political capital to increase taxes or fuel prices, they know that they can't handle the outrage those decisions will inevitably cause.

 

[Kianig89]

Time for SS to sell his clothes its a disaster all the rebuilt done by IK down in the gutter

 

[wasim-fan]

Doomsday around the corner. Sri Lanka not far away. One party triples the debt. The other continues to subsidize. This will end pretty bad for people of Pakistan.

 

[Hermoine Green]

update : PSX drops another 1000 pts

 

[Mamoon]

Time for SS to sell his clothes its a disaster all the rebuilt done by IK down in the gutter

What rebuilt? Imran destroyed the economy. He had no economic plan and changed his finance minister every 6 months because of a lack of vision and clarity on how to mode forward.

Pakistan’s economy declined on every single metric during his disastrous reign.

 

[DRsohail]

What rebuilt? Imran destroyed the economy. He had no economic plan and changed his finance minister every 6 months because of a lack of vision and clarity on how to mode forward.

Pakistan’s economy declined on every single metric during his disastrous reign.

And imported ghoons came to fix it lol.

 

[DRsohail]

update : PSX drops another 1000 pts

Thugs zaleel ho rahay ha, ayay thay economy fox karny.

 

[Xoib]

What rebuilt? Imran destroyed the economy. He had no economic plan and changed his finance minister every 6 months because of a lack of vision and clarity on how to mode forward.

Pakistan’s economy declined on every single metric during his disastrous reign.

Boss if IK was so incompetent why is SS not willing to end the petroleum subsidy that IK implemented does this mean SS is equally incompetent or IK policies were right that PDM is continuing with them you can choose one or the other you can't call someone incompetent and then continue to follow their policies when you have the power to undo it.

 

[Xoib]

And it's better to change your finance ministers if they are not working then keep someone like Miftah for the sake of continuity the fool says one thing and next day takes a complete U turn to his previous day statement all he has done is put PDM in a negative light in regards to showing how indecisive they are and have no long term plan to get out of the current economic mess.

 

[Abstraction1]

What rebuilt? Imran destroyed the economy. He had no economic plan and changed his finance minister every 6 months because of a lack of vision and clarity on how to mode forward.

Pakistan’s economy declined on every single metric during his disastrous reign.

⦿ Sehat Sahulat Card
https://t.co/md9r40BNsA

⦿ Ehsaas Program
https://t.co/FoEAd29wLm

⦿ Pakistan Citizen Portal
https://t.co/AvGDH9NFFB

⦿ Ten Billion Tree Tsunami
https://t.co/ZEA0FcrzUH

⦿ NCOC COVID Response
https://t.co/gNbMBAiVx7

⦿ Locust Attack Handled
https://t.co/mNiKlC1NxH

⦿ Free floated currency

⦿ Legislated government must not meet deficit by simply printing money (HUGE)
https://t.co/uOBymJehJ7

⦿ Created a record 5.5 million jobs in 3 years
https://t.co/ssSzE4xQ5G

⦿ Negotiated away $1 billion fine on Karkay Rental Power Plant
https://t.co/pDYeaZkhxh

⦿ Negotiated away $11 billion penalty on Reko Diq Copper Mine case, instead Pakistan will now RECEIVE $10 billion investment
https://t.co/L7pLFPb5za

⦿ Instituted reforms in civil and criminal law and brought them to the 21st century
https://t.co/5OFoslnQij

⦿ Produced record harvests of cotton
https://t.co/w3omaWnWPL

⦿ Produced record harvests of wheat
https://t.co/3cLBC3LSjd

⦿ Produced record harvests of sugarcane
https://t.co/c6uQdyKGiQ

⦿ Produced record harvests of potato
https://t.co/nW668H8C2k

⦿ On track to plant forty million olive trees to position Pakistan as a major producer in coming years

Link 1:
https://t.co/mpmeoba9rX

Link 2:
https://t.co/d2qt2qrqmW

⦿ Exports on target to hit $50Bn by end of his tenure. $35Bn this year
Link 1:
https://t.co/UtaJQwGkso
Link 2:
https://t.co/ufomwNajry

⦿ Foreign Exchange reserves at record high - $24Bn
https://t.co/mGr163Spvz

⦿ Highest share of capacity-enhancing capital goods in imports
Link 1:
https://t.co/cOUs89QiH6
Link 2:
https://t.co/VBFeQ715lv

⦿ Reduced Current Account Deficit to 2.5% of GDP
https://t.co/czZmTcxYAB

⦿ Renegotiated the Qatar LNG deal, saving Pakistan $3 billion over 10 years, new deal 31% cheaper than what PMLN had negotiated
https://t.co/veqBT6e7eC

⦿ Renegotiated terms with IPPs to save Pakistan Rs836 billion over 10 years
https://t.co/FedDxu5hY0

⦿ Increased tax revenue (on target for Rs6T this year), on target to increase tax as % of GDP from 10% to 16% by 2024
https://t.co/btpeXUjSaX

⦿ Achieved Primary Surplus
https://t.co/FId273tWBf

⦿ Regularized remittance flow - highest remittances received. Roshan Digital Accounts
Link 1:
https://t.co/QRuqN8x4jW
Link 2:
https://t.co/ZPhXSFEVaL

⦿ Achieved stable GDP growth rate of 5.7% for FY2021 and now headed towards 5.5% for FY2022
https://t.co/btpeXUjSaX

⦿ Has started construction of 10 large dams that will see completion beyond his present tenure
https://t.co/BF7PZQny7j

⦿ On track to build 6000 km+ of national highways during present tenure (more than any previous government)
https://t.co/Cke5XmHfia

⦿ On track to indigenize cellphone manufacturing - 82% of cellphones now at least assembled within country. Was less than 1% when PTI came in power
https://t.co/8K7zQ4RFbq

⦿ Introduced Pakistan's first truly integrated electricity capacity enhancement plan, also called Indicative Generation Capacity Expansion Plan (IGCEP) 2021-30 - which prioritizes indigenous, low-cost and green sources of electricity generation, whilst also making sure there are adequate measures in place for evacuation/transmission and billing/recovery
https://t.co/5G24xeXza9

The list goes on and on....

 

[MenInG]

Bears were in firm control of the Pakistan Stock Exchange (PSX) on Monday as the benchmark KSE-100 index shed 1061.98 points in the first hour of trading.

According to the PSX website, the KSE-100 Index opened at 43,486.46 points and immediately fell by 806.95 points. At 10am, the index had plummeted over 1,000 points to 42,424.48, down 2.44 per cent.

The fall comes a day after Finance Minister Miftah Ismail announced that the government was not increasing petrol prices "for now", going back on an important pre-condition set by the International Monetary Fund (IMF) for the resumption of its loan programme.

Ismail said he would talk to the IMF and find a solution, adding that Prime Minister Shehbaz Sharif "is not in favour of putting this burden [increased oil prices] on people".


"I had recommended him to increase [petrol] prices but he said people can't bear it," the finance minister said.

He, however, emphasised that petrol prices could be "adjusted anytime in the future" keeping in view international prices.

Arif Habib, chairman of the Arif Habib Group, told Dawn.com today that the government had to take difficult decisions to bring short-term stability in the market. "The path for the IMF programme needs to be paved immediately by removing subsidies on petroleum products, otherwise it is difficult to restore investor confidence," he said.

"The stock market is giving good returns even in these circumstances. However, the recent downturn in investor confidence is due to delayed government decisions on economic issues," Habib added.

Meanwhile, First National Equities CEO Ali Malik stressed that financial institutions had to step up and support the stock market.

"The monetary policy on May 23 is important for the market," he said. "There are reports of up to 2 per cent interest rate in the market. If this happens, the PSX fall would persist."

Govt's indecision keeps economy on edge
The PSX and the rupee have both come under pressure over the past week as the new coalition government has failed to take decisive economic decisions, most prominent among which is a reversal of fuel subsidies.

Analysts and experts have linked the economic pressure to uncertainty over the continuation of the IMF loan programme coupled with a rising oil import bill and widening trade deficit.

Earlier today, the greenback climbed above Rs193 in the interbank market, reaching a new all-time high. This is the fifth consecutive day the dollar rose to a record high against the rupee.

On the other hand, the PSX lost 1,447.67 points last week in what was called a "blood bath". The downward trajectory continued throughout the week and ended on Friday when the benchmark index closed at 35.29 points, or 0.08 per cent, up.

Dawn's editorial on Wednesday noted that the most important factor behind the erosion of investor sentiment has been the failure of the new coalition government to come up with a credible plan to take politically tough decisions to fix the economy. For example, it has continuously decided against the reversal of the fiscally unsustainable fuel and energy subsidies, which is the ‘prior action’ that IMF wants it to take before it agrees to restart funding.

In recent meetings with the new finance minister, the IMF has linked the continuation of its loan programme with the reversal of fuel subsidies, which were introduced by the previous government. However, Prime Minister Shehbaz Sharif yesterday rejected yet another summary by the Oil and Gas Regulatory Authority and the finance ministry to increase fuel prices.

The PTI had announced a four-month freeze (until June 30) on petrol and electricity prices on February 28 as part of a series of measures to bring relief to the public.

At the time, and even after coming into power last month, the PML-N and other parties part of the new coalition government had severely criticised Imran Khan's government for "derailing" the IMF programme through unfunded fuel subsidies. But despite being at the helm for over a month, these parties have not reversed the subsidies; although the finance minister has repeatedly said these subsidies are not feasible and are costing the government Rs120 billion a month.

Earlier this month, Ismail said petrol should have been priced at Rs245 per litre according to the agreement the former government did with the IMF. However, the PML-N led government was still selling it at Rs145 per litre and would try its best to maintain that price, he added — a sign that the new government is finding it difficult to take a decision that might be unpopular with its voters.

In an editorial published on Friday, Dawn said that the PML-N was caught up in 'private consultations' — a reference to the senior leadership's trip to London to meet with Nawaz Sharif — as panic continues to grow over its inability to start working on fixing the economy.

The editorial called for the PML-N to firmly decide its future course of action, saying: "It’s time to lead or get out of the way." With the government deciding not to increase fuel prices again, economic sentiment is expected to continue spiraling downward.

DAWN

 

[Hextro]

⦿ Sehat Sahulat Card
https://t.co/md9r40BNsA

⦿ Ehsaas Program
https://t.co/FoEAd29wLm

⦿ Pakistan Citizen Portal
https://t.co/AvGDH9NFFB

⦿ Ten Billion Tree Tsunami
https://t.co/ZEA0FcrzUH

⦿ NCOC COVID Response
https://t.co/gNbMBAiVx7

⦿ Locust Attack Handled
https://t.co/mNiKlC1NxH

⦿ Free floated currency

⦿ Legislated government must not meet deficit by simply printing money (HUGE)
https://t.co/uOBymJehJ7

⦿ Created a record 5.5 million jobs in 3 years
https://t.co/ssSzE4xQ5G

⦿ Negotiated away $1 billion fine on Karkay Rental Power Plant
https://t.co/pDYeaZkhxh

⦿ Negotiated away $11 billion penalty on Reko Diq Copper Mine case, instead Pakistan will now RECEIVE $10 billion investment
https://t.co/L7pLFPb5za

⦿ Instituted reforms in civil and criminal law and brought them to the 21st century
https://t.co/5OFoslnQij

⦿ Produced record harvests of cotton
https://t.co/w3omaWnWPL

⦿ Produced record harvests of wheat
https://t.co/3cLBC3LSjd

⦿ Produced record harvests of sugarcane
https://t.co/c6uQdyKGiQ

⦿ Produced record harvests of potato
https://t.co/nW668H8C2k

⦿ On track to plant forty million olive trees to position Pakistan as a major producer in coming years

Link 1:
https://t.co/mpmeoba9rX

Link 2:
https://t.co/d2qt2qrqmW

⦿ Exports on target to hit $50Bn by end of his tenure. $35Bn this year
Link 1:
https://t.co/UtaJQwGkso
Link 2:
https://t.co/ufomwNajry

⦿ Foreign Exchange reserves at record high - $24Bn
https://t.co/mGr163Spvz

⦿ Highest share of capacity-enhancing capital goods in imports
Link 1:
https://t.co/cOUs89QiH6
Link 2:
https://t.co/VBFeQ715lv

⦿ Reduced Current Account Deficit to 2.5% of GDP
https://t.co/czZmTcxYAB

⦿ Renegotiated the Qatar LNG deal, saving Pakistan $3 billion over 10 years, new deal 31% cheaper than what PMLN had negotiated
https://t.co/veqBT6e7eC

⦿ Renegotiated terms with IPPs to save Pakistan Rs836 billion over 10 years
https://t.co/FedDxu5hY0

⦿ Increased tax revenue (on target for Rs6T this year), on target to increase tax as % of GDP from 10% to 16% by 2024
https://t.co/btpeXUjSaX

⦿ Achieved Primary Surplus
https://t.co/FId273tWBf

⦿ Regularized remittance flow - highest remittances received. Roshan Digital Accounts
Link 1:
https://t.co/QRuqN8x4jW
Link 2:
https://t.co/ZPhXSFEVaL

⦿ Achieved stable GDP growth rate of 5.7% for FY2021 and now headed towards 5.5% for FY2022
https://t.co/btpeXUjSaX

⦿ Has started construction of 10 large dams that will see completion beyond his present tenure
https://t.co/BF7PZQny7j

⦿ On track to build 6000 km+ of national highways during present tenure (more than any previous government)
https://t.co/Cke5XmHfia

⦿ On track to indigenize cellphone manufacturing - 82% of cellphones now at least assembled within country. Was less than 1% when PTI came in power
https://t.co/8K7zQ4RFbq

⦿ Introduced Pakistan's first truly integrated electricity capacity enhancement plan, also called Indicative Generation Capacity Expansion Plan (IGCEP) 2021-30 - which prioritizes indigenous, low-cost and green sources of electricity generation, whilst also making sure there are adequate measures in place for evacuation/transmission and billing/recovery
https://t.co/5G24xeXza9

The list goes on and on....

Mamoon will ignore all of this guaranteed. There's no way someone would support PDM due to their economic "competency", there has to be an ulterior motive.

 

[Hermoine Green]

Before MiftahIsmail lies again. Let me write a long thread with FIGURES where PTI left the economy.

Thread of Numbers only.

1. GDP growth outperformed global markets
• GDP growth accelerated to 5.6% in FY2021
• In comparison, USA economy contracted -4%, EU -8%
4%, EU -8%, India -7.3% and the Gulf states by -5%.

2. No other govt. achieved 5.6% growth in their first 3 years. PMLN 3.3%, PPP 2%

3. Economy on target to achieve GDP growth above 5% in FY2022

4. LSM growth 7.6% during first seven months of FY2022
5. • Exports $ 23.3bn in first 9months of FY2022 – on current path will cross $ 30bn for first time in history

6. Remittances at record level of $29bn in FY2021, to grow to $ 34bn in FY2022

7. $ 4bn investment from overseas Pakistanis in RDA

8. Profitability of the top
100 companies listed on PSX posted the growth of 62% in 2021, the highest growth in the last 10 years.

9. IT package, over $ 350mn investment in Pakistani startups in 2021 – higher than all previous years combined.

10. WB DB index Top 10 reformers; 28 points
8 points (108/190)

11. Moody’s rating agency upgraded outlook to ‘Stable’ from ‘under review for downgrade’ (August 2020)

NOW JOB CREATION FACTS.

1. Inclusive growth strategy adopted by PTI government with focus on labor intensive constructions, export industry, SMEs, tourism, and agriculture.

2. PTI govt created 5.5mn jobs in first three years, the highest by any govt on record.

3. Average of 1.84mn jobs per year is higher than PPP (1.4mn) and PMLN (1.1mn).

4. Current trajectory suggests that we are on target to achieve the 10mn jobs promised by Imran Khan in 2018 manifesto.

5. According to the WB, Pakistan outperformed all regional economies during the 2020-2022 COVID period, with the lowest unemployment rate in the South Asia region at 4.3% compared to India 8%, Bangladesh 5.4%

NOW ENERGY SECTOR REFORMS

1. Debt stock of PHPL Rs. 806 bn shifted to public debt, to protect consumers from tariff surcharges

2. NEPRA approved CTBCM (Competitive Trading Bilateral Contracts Market)
3. MoUs with 53 IPPs to save Rs 836bn in 20 years. Shutting of inefficient power plants. 3-4 plants closed.

4. WACOG bill.

5. 5 hydel damns under construction, first time since the 1970s will reduce dependence on imports and reduce cost of energy for consumers.
6. None of these reforms or investments were made in any of the previous regimes.

NOW SANCTIONS AND PENALTIES.

1. Resolve Karkey rental power plant issue saved $1.2bn

2. Resolved Reko Diq issue, penalty of $ 11bn saved. New investment of $10bn for Balochistan.
3. FATF financial sanctions ‘ black list’ saved. Significant progress achieved under PTI government. Pakistan has completed 26 of the 27 action items in its 2018 action plan.

NOW COVID RESPONSE.

1. IMF termed COVID as the biggest crisis since the 1930s great depression.

2. WHO hailed Pakistan COVID response as one of the best in the world.

3. Economist magazine ‘ Normalcy Index’ rated Pakistan as the top country in the world in Nov 2021. Lawrence Summers, WB Chief Economist stated ‘US should have emulated Pakistan in
mulated Pakistan in handling coronavirus’.

4. • Bill Gates hailed remarkable progress by Pakistan on COVID and Polio eradication

5. 80% of target population provided 2 does of vaccines free of cost ($ 5bn subsidy).

6. Pakistan introduced the concept of Smart
lockdowns to contain the spread, the world followed our lead.

7. Record fiscal and monetary stimulus package of Rs 2.5 trillion (6% of GDP or $ 16 billion).

8. 15 million families received EHSAS cash payment

9. SMEs pre-paid power bills Rs 50bn (95% commercial

72% industrial users benefitted)

10. Subsidy to Households (USC, power & gas bills)

11. Construction package Rs 300bn new spending for low cost housing & jobs creation.

12. Industrial Support package – 50% discount on additional power consumption; 25% for 3 years
13. 1.6 mn businesses loan deferrals (Rs 657 bn).

14. • 1.7 mn jobs protected under Rozgar scheme.

15. SBP TERF led to Rs 435 bn of new investments in Pakistan.

Still some of the things i have missed.

But according to trolls, PTI didnt do anything.

 

[the Great Khan]

Mamoon will ignore all of this guaranteed. There's no way someone would support PDM due to their economic "competency", there has to be an ulterior motive.

Look I'm just waiting for speed minister to turn Pakistan into Paris. How is he doing? Lol

Kahan hay tajarba? Where is it? They have failed miserably. They can't make any hard decisions at all because Khan has destroyed their political capital.

They are stuck in a trap now their own making. That choar in London can only watch as he sees his future vanish slowly before his eyes. The incompetence has reached guiness book of records levels..

 

[Hextro]

Abay yaar vo sanghi hay. Ignore kuro is ko. How haven't you guys figured it out yet?

Look I'm just waiting for speed minister to turn Pakistan into Paris. How is he doing? Lol

Kahan hay tajarba? Where is it? They have failed miserably. They can't make any hard decisions at all because Khan has destroyed their political capital.

They are stuck in a trap now their own making. That choar in London can only watch as he sees his future vanish slowly before his eyes. The incompetence has reached guiness book of records levels..

Finding an actual PDM supporter is getting harder by the day, so It's important to find out why the remaining PDM supporters support PDM and to call out their weak arguments, especially when it comes to discussing the economy because at the end of the day having a strong economy is all that matters.

Besides I'm pretty sure mamoon doesn't even support PDM because he thinks they're good for Pakistan. He supports them because he's too stubborn to admit that PTI is much better than PDM on every front, which would explain why most of his arguments turn out to be fake propaganda.

 

[Hermoine Green]

Jahalat of our Crime Minister.
Today he called the President money exchange Malik Bostan to ask that why UsD is gaining its value.

Just woow, and then we have a whole finance ministry for this purpose.
[MENTION=1269]Bewal Express[/MENTION] [MENTION=140234]DRsohail[/MENTION] [MENTION=156349]Hextro[/MENTION]

 

[Bewal Express]

Jahalat of our Crime Minister.
Today he called the President money exchange Malik Bostan to ask that why UsD is gaining its value.

Just woow, and then we have a whole finance ministry for this purpose.

[MENTION=1269]Bewal Express[/MENTION] [MENTION=140234]DRsohail[/MENTION] [MENTION=156349]Hextro[/MENTION]

These idiots that sold others idiots the idea that they had super knowledge have been badly exposed. No leadership, no ideas, just run around like a headless chicken

 

[the Great Khan]

Jahalat of our Crime Minister.
Today he called the President money exchange Malik Bostan to ask that why UsD is gaining its value.

Just woow, and then we have a whole finance ministry for this purpose.

[MENTION=1269]Bewal Express[/MENTION] [MENTION=140234]DRsohail[/MENTION] [MENTION=156349]Hextro[/MENTION]

Be careful he might end up selling his clothes and then we'll be faced with a naked crime minister lol

 

[Abstraction1]

Jahalat of our Crime Minister.
Today he called the President money exchange Malik Bostan to ask that why UsD is gaining its value.

Just woow, and then we have a whole finance ministry for this purpose.

[MENTION=1269]Bewal Express[/MENTION] [MENTION=140234]DRsohail[/MENTION] [MENTION=156349]Hextro[/MENTION]

It's beyond words at this stage.

 

[Hermoine Green]

Pakistan has been left with a palm oil stock for nearly 20 days, and unless Indonesia withdraws the ban on its exports, it’s a critical stage ahead of a crisis that will push further vegetable oil prices in the domestic market to a new high

 

[DRsohail]

Jahalat of our Crime Minister.
Today he called the President money exchange Malik Bostan to ask that why UsD is gaining its value.

Just woow, and then we have a whole finance ministry for this purpose.

[MENTION=1269]Bewal Express[/MENTION] [MENTION=140234]DRsohail[/MENTION] [MENTION=156349]Hextro[/MENTION]

And talked to about strategy to stop devaluing rupees lol, chalay thay economy theek karnay

 

[Hermoine Green]

Dollar rate : 195.5 rupees

 

[Hermoine Green]

According to media reports : Pakistan Bureau of Statistics under pressure to announce lower growth numbers, as good numbers will be positive for the previous government.

PTI was one who revised the GDP growth rate of 2017-2018 from 5.8% to 6.1% & now

https://tribune.com.pk/story/2356920/gdp-growth-to-range-from-45-55
[MENTION=1269]Bewal Express[/MENTION] [MENTION=140234]DRsohail[/MENTION] [MENTION=156349]Hextro[/MENTION]

 

[Hermoine Green]

PMLN media back to their media game, their ads are at front page of every major news paper, news channel, news websites. But guess what? Most of the info given is wrong.

the govt is showing economic progress by going back in history.
Also, many things are wrong in ad like Fiscal deficit, it was 2566BN till April & it says 5500BN, adding own expenses too, same with tax collection failure in these months. Wrong flour price for both.

Unemployment should be in %age & its lower, adding new population directly to unemployment numbers don't make sense. Same with loans, it should be a percentage of GDP & they are lower. They will obviously grow with our economy. Electricity & Gas prices are also wrong, is it 25Rs?

Also Urea price turned 1800Rs in their tenure & stayed almost stable in the last one.

 

[DRsohail]

PMLN media back to their media game, their ads are at front page of every major news paper, news channel, news websites. But guess what? Most of the info given is wrong.

the govt is showing economic progress by going back in history.
Also, many things are wrong in ad like Fiscal deficit, it was 2566BN till April & it says 5500BN, adding own expenses too, same with tax collection failure in these months. Wrong flour price for both.

Unemployment should be in %age & its lower, adding new population directly to unemployment numbers don't make sense. Same with loans, it should be a percentage of GDP & they are lower. They will obviously grow with our economy. Electricity & Gas prices are also wrong, is it 25Rs?

Also Urea price turned 1800Rs in their tenure & stayed almost stable in the last one.

In Pakistan no one cares about these newspaper z they not even read it these days, they can say whatever that want, social media has killed them and their lives wouldn't work.

 

[Bewal Express]

According to media reports : Pakistan Bureau of Statistics under pressure to announce lower growth numbers, as good numbers will be positive for the previous government.

PTI was one who revised the GDP growth rate of 2017-2018 from 5.8% to 6.1% & now

https://tribune.com.pk/story/2356920/gdp-growth-to-range-from-45-55
[MENTION=1269]Bewal Express[/MENTION] [MENTION=140234]DRsohail[/MENTION] [MENTION=156349]Hextro[/MENTION]

What a surprise- how pathetic that they have to massage the figures so that they dont look even worse than they are because IK had stabilised the economy.

 

[Hermoine Green]

Dollar update : 200 RS open Market.

But, all the journos are silent, all of the economic experts from this thread has already ran away.

 

[Hextro]

Dollar update : 200 RS open Market.

But, all the journos are silent, all of the economic experts from this thread has already ran away.

That's nothing, PDM wants the value of the rupee to be 500 rupees per dollar within the next 2 years. Anything less than that would be a disappointment.

 

[Colorblind Genius]

Rs. 75 Million spent on updating the SWIMMING POOL in the PM house for the pleasure of Mr. Shehbaz Shareef.

Wah g wah.

He doesn't seem a beggar, does he?

<blockquote class="twitter-tweet"><p lang="ur" dir="rtl">شہبازکی شوبازیاں صرف اپنی عیاشیوں اور نوازشات تک محدود ہیں حکومت میں آئےایک مہینہ نہیں ہواساڑھے7کروڑ کی رقم سے وزیراعظم ہاؤس کاسوئمنگ پول مرمت کروالیا ملک دیوالیہ ہونے کےقریب اورمعیشت کا بیڑہ غرق کرکے عوام کو اضطراب میں مبتلاکرکےامپورٹڈ بمعہ خاندان عوام کےپیسوں پرعیاشیاں کررہےہیں <a href="https://t.co/zAfSvus9j9">pic.twitter.com/zAfSvus9j9</a></p>— Imran Ismail (@ImranIsmailPTI) <a href="https://twitter.com/ImranIsmailPTI/status/1526513596523548673?ref_src=twsrc%5Etfw">May 17, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[Bewal Express]

Rs. 75 Million spent on updating the SWIMMING POOL in the PM house for the pleasure of Mr. Shehbaz Shareef.

Wah g wah.

He doesn't seem a beggar, does he?

<blockquote class="twitter-tweet"><p lang="ur" dir="rtl">شہبازکی شوبازیاں صرف اپنی عیاشیوں اور نوازشات تک محدود ہیں حکومت میں آئےایک مہینہ نہیں ہواساڑھے7کروڑ کی رقم سے وزیراعظم ہاؤس کاسوئمنگ پول مرمت کروالیا ملک دیوالیہ ہونے کےقریب اورمعیشت کا بیڑہ غرق کرکے عوام کو اضطراب میں مبتلاکرکےامپورٹڈ بمعہ خاندان عوام کےپیسوں پرعیاشیاں کررہےہیں <a href="https://t.co/zAfSvus9j9">pic.twitter.com/zAfSvus9j9</a></p>— Imran Ismail (@ImranIsmailPTI) <a href="https://twitter.com/ImranIsmailPTI/status/1526513596523548673?ref_src=twsrc%5Etfw">May 17, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

These parasites live to steal from a poor country. I just hope someone piddles in the pool.

 

[Colorblind Genius]

The treasury is wiped out.

Now these haram khores will do one or both of the following.

1 - Start selling assets of Pakistan. Like Zardari did by selling the produce of our fertile soil to Arabs for god knows how many years in advance.
2 - They will print as much Rs. as possible and pocket all the new money to purchase local real estate, jewelry, diamond, businesses and other assets.

These are the only two ways left to loot after no loan request from IMF, and Saudi was entertained.

Bookmark this post.

 

[wasim-fan]

It's interesting to see how growing economy became bankrupt in 4 weeks. But yes bankruptcy is certainty now. The after effects are all that remain.

 

[wasim-fan]

“ Pakistan faces its gravest political, constitutional, financial and diplomatic crisis since the catastrophic war with India that culminated in the secession of Bangladesh in December 1971. The coalition government headed by Prime Minister Shehbaz Sharif and Foreign Minister Bilawal Bhutto Zardari, vilified ad nauseum as ​Cherry Blossom, a boot polish brand and Billo-Rani respectively by Imran Khan faces an existential dilemma.

The ousted PTI government left its successor a financial landmine when it recklessly subsidized petrol and diesel prices 30% below their global prices and thus deliberately sabotaged an IMF program that has led to a run on the State Bank's foreign exchange reserves and the plunge in the rupee to almost 200 against the US dollar, down from 152 last June. Pakistan now has a mere one month import cover and its sovereign bond yields 14% in USD.

If Pakistan does not secure a new IMF deal in the next few weeks, Islamabad cannot hope for a financial lifeline from Saudi Arabia, the UAE, the EU, the US and the ADB. Yet an IMF deal necessitates the immediate abandonment of Imran Khan's petrol/diesel subsidies which would lead to another spike in inflation at a time when the Ukraine war has wrecked havoc on global crude oil, natural gas and wheat prices.

This is the reason the coalition government just cannot afford an immediate election now, particularly since Imran Khan's populist rhetoric and toxic accusations of treason against Prime Minister Sharif have led to a quantum increase in political polarization and taken Pakistan to the brink of potential civil war.

It is also sad to see the PTI leader insinuate that the Pakistani generals who gave the green light for the vote of no confidence that ended his tenure as PM of a minority government are the modern equivalence of Mir Jafar, the Commander in Chief (Chief of Army Staff?) of the Nawab of Bengal's army defeated by Lord Clive's East India Company sepoys at the Battle of Plassey, which changed the course of Indian history.

The urban middle class's visceral anger against the Pretorian pashas in the Rawalpindi GHQ is surely a national security nightmare for an army whose combat troops face a murderous insurgency from the Pakistani Taliban. As if this financial and political time bomb was not bad enough, the Punjab has been without a government for the past month since the PTI President and Governor will not accept the legitimacy of Hamza Shezbaz as the province's Chief Minister.

Pakistan can no longer borrow in the offshore loan syndication/Eurobond market and has no cash to pay for coal/natgas for its power plants. Without an IMF deal, the state faces a Sri Lankan/Lebanese style financial Armageddon and sovereign default. Sadly, this time the wolf is here.”

 

[wasim-fan]

Pakistan needs a truth doctor at the top who can just tell the truth to the nation on state of things. Just like how the new Sri Lankan PM laid bare facts. Country is bankrupt and all this emotional Mumbo jumbo doesn’t change that.

https://twitter.com/rw_unp/status/1526206615242043393?s=21&t=lP3u2AFMrcSZ8kj7BNA9fQ

 

[Kianig89]

If this imported govt is dissolved then these crooks should not be allowed to leave the country, literally they've just decimated it in 6 weeks

 

[DRsohail]

“ Pakistan faces its gravest political, constitutional, financial and diplomatic crisis since the catastrophic war with India that culminated in the secession of Bangladesh in December 1971. The coalition government headed by Prime Minister Shehbaz Sharif and Foreign Minister Bilawal Bhutto Zardari, vilified ad nauseum as ​Cherry Blossom, a boot polish brand and Billo-Rani respectively by Imran Khan faces an existential dilemma.

The ousted PTI government left its successor a financial landmine when it recklessly subsidized petrol and diesel prices 30% below their global prices and thus deliberately sabotaged an IMF program that has led to a run on the State Bank's foreign exchange reserves and the plunge in the rupee to almost 200 against the US dollar, down from 152 last June. Pakistan now has a mere one month import cover and its sovereign bond yields 14% in USD.

If Pakistan does not secure a new IMF deal in the next few weeks, Islamabad cannot hope for a financial lifeline from Saudi Arabia, the UAE, the EU, the US and the ADB. Yet an IMF deal necessitates the immediate abandonment of Imran Khan's petrol/diesel subsidies which would lead to another spike in inflation at a time when the Ukraine war has wrecked havoc on global crude oil, natural gas and wheat prices.

This is the reason the coalition government just cannot afford an immediate election now, particularly since Imran Khan's populist rhetoric and toxic accusations of treason against Prime Minister Sharif have led to a quantum increase in political polarization and taken Pakistan to the brink of potential civil war.

It is also sad to see the PTI leader insinuate that the Pakistani generals who gave the green light for the vote of no confidence that ended his tenure as PM of a minority government are the modern equivalence of Mir Jafar, the Commander in Chief (Chief of Army Staff?) of the Nawab of Bengal's army defeated by Lord Clive's East India Company sepoys at the Battle of Plassey, which changed the course of Indian history.

The urban middle class's visceral anger against the Pretorian pashas in the Rawalpindi GHQ is surely a national security nightmare for an army whose combat troops face a murderous insurgency from the Pakistani Taliban. As if this financial and political time bomb was not bad enough, the Punjab has been without a government for the past month since the PTI President and Governor will not accept the legitimacy of Hamza Shezbaz as the province's Chief Minister.

Pakistan can no longer borrow in the offshore loan syndication/Eurobond market and has no cash to pay for coal/natgas for its power plants. Without an IMF deal, the state faces a Sri Lankan/Lebanese style financial Armageddon and sovereign default. Sadly, this time the wolf is here.”

If generals do it PTI is right to criticize, there was no need to change government at this stage.

 

[daytrader]

“ Pakistan faces its gravest political, constitutional, financial and diplomatic crisis since the catastrophic war with India that culminated in the secession of Bangladesh in December 1971. The coalition government headed by Prime Minister Shehbaz Sharif and Foreign Minister Bilawal Bhutto Zardari, vilified ad nauseum as ​Cherry Blossom, a boot polish brand and Billo-Rani respectively by Imran Khan faces an existential dilemma.

The ousted PTI government left its successor a financial landmine when it recklessly subsidized petrol and diesel prices 30% below their global prices and thus deliberately sabotaged an IMF program that has led to a run on the State Bank's foreign exchange reserves and the plunge in the rupee to almost 200 against the US dollar, down from 152 last June. Pakistan now has a mere one month import cover and its sovereign bond yields 14% in USD.

If Pakistan does not secure a new IMF deal in the next few weeks, Islamabad cannot hope for a financial lifeline from Saudi Arabia, the UAE, the EU, the US and the ADB. Yet an IMF deal necessitates the immediate abandonment of Imran Khan's petrol/diesel subsidies which would lead to another spike in inflation at a time when the Ukraine war has wrecked havoc on global crude oil, natural gas and wheat prices.

This is the reason the coalition government just cannot afford an immediate election now, particularly since Imran Khan's populist rhetoric and toxic accusations of treason against Prime Minister Sharif have led to a quantum increase in political polarization and taken Pakistan to the brink of potential civil war.

It is also sad to see the PTI leader insinuate that the Pakistani generals who gave the green light for the vote of no confidence that ended his tenure as PM of a minority government are the modern equivalence of Mir Jafar, the Commander in Chief (Chief of Army Staff?) of the Nawab of Bengal's army defeated by Lord Clive's East India Company sepoys at the Battle of Plassey, which changed the course of Indian history.

The urban middle class's visceral anger against the Pretorian pashas in the Rawalpindi GHQ is surely a national security nightmare for an army whose combat troops face a murderous insurgency from the Pakistani Taliban. As if this financial and political time bomb was not bad enough, the Punjab has been without a government for the past month since the PTI President and Governor will not accept the legitimacy of Hamza Shezbaz as the province's Chief Minister.

Pakistan can no longer borrow in the offshore loan syndication/Eurobond market and has no cash to pay for coal/natgas for its power plants. Without an IMF deal, the state faces a Sri Lankan/Lebanese style financial Armageddon and sovereign default. Sadly, this time the wolf is here.”

source please

 

[Hermoine Green]

Some of the posters herr were saying that PTI bankrupted the country. I have just 2 questions. First is PTI left 23.4BN$ in account when PDM took over.

Then how Petrol subsidy is still working?

Now, in PTI time, economy was growing. Loans were being returned, Sehat Card, Langar Khany, Ehsas Kafalat, Kamyab Jawan scheme, Dam construction, Subsidy on electricity, relief in bills, etc etc etc all were working smoothly.

Then how come in 1 month one can say that PTI has bankrupted the country?
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