Pakistan economy under the PDM government & now the caretaker administration

[DRsohail]

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?

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

They are not present here now lol

 

[Hextro]

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?

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

Typical politics is being played by PDM. The economy definitely isn't bankrupt and if the government wants to keep it that way they will have to sacrifice some political capital and increase the fuel tax, but the problem is that I don't think PDM has the required political capital.
.

 

[Hermoine Green]

Chief Economist Dr. Zubair Khan resigns. Because he wasnt willing to manipulate the data on the orders of Govt.

 

[Bewal Express]

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

And takes regular trips abroad and builds swimming pools, spends billions on tax payers money for the media. You have a habit of running off because you are scared to debate. PK before the sazish was doing ok, it faced the problems that all non oil producing economies are facing, but then the imported looters returned and its chaos. No decisions, just chaos.

 

[silentkiller187]

ISLAMABAD:
The federal government on Wednesday decided to impose a complete ban on the import of unnecessary and luxury items to deal with the country's unsettling economic woes, according to Express News.

The decision was taken during a high-level meeting held under the chairmanship of Prime Minister Shehbaz Sharif in which the economic situation of the country was reviewed.

"Precious foreign exchange would not be spent on import of unnecessary and luxury items," the premier said.

Participants of the forum agreed to make tough decisions to deal with the depleting exchange reserves crisis and the falling rupee, which reached nearly Rs200 in the inter-bank market on Wednesday.

The business community had also urged the government to immediately put curbs on the import of luxury goods as the country is heading towards economic chaos.

Read: PM confers with allies on unsettling economic woes

“Pakistan is heading towards economic crisis,” warned Employers’ Federation of Pakistan (EFP) President Ismail Suttar while talking to The Express Tribune.

Worsening balance of payments position, high inflation, depleting foreign exchange reserves and political uncertainty had led the country to an alarming economic situation, he said.

Earlier, it was also reported that the government and its allies decided to implement “tough decisions” to steer the country out of its current economic woes and ensure long-term sustainability, enabling the coalition to see through the remaining tenure of the government.

Multiple sources in the ruling Pakistan Muslim League-Nawaz (PML-N) as well as its coalition partners, told The Express Tribune that the decision was taken in a meeting held at the Prime Minister House.

The meeting was chaired by PM Shehbaz and attended by heads of the coalition partners. The sources said that they finally agreed that bold decisions, even if they were unpopular, should be taken forthwith to steer the country out of the current political and economic crisis.

https://tribune.com.pk/story/2357126/govt-imposes-complete-ban-on-import-of-luxury-items

 

[Hextro]

ISLAMABAD:
The federal government on Wednesday decided to impose a complete ban on the import of unnecessary and luxury items to deal with the country's unsettling economic woes, according to Express News.

The decision was taken during a high-level meeting held under the chairmanship of Prime Minister Shehbaz Sharif in which the economic situation of the country was reviewed.

"Precious foreign exchange would not be spent on import of unnecessary and luxury items," the premier said.

Participants of the forum agreed to make tough decisions to deal with the depleting exchange reserves crisis and the falling rupee, which reached nearly Rs200 in the inter-bank market on Wednesday.

The business community had also urged the government to immediately put curbs on the import of luxury goods as the country is heading towards economic chaos.

Read: PM confers with allies on unsettling economic woes

“Pakistan is heading towards economic crisis,” warned Employers’ Federation of Pakistan (EFP) President Ismail Suttar while talking to The Express Tribune.

Worsening balance of payments position, high inflation, depleting foreign exchange reserves and political uncertainty had led the country to an alarming economic situation, he said.

Earlier, it was also reported that the government and its allies decided to implement “tough decisions” to steer the country out of its current economic woes and ensure long-term sustainability, enabling the coalition to see through the remaining tenure of the government.

Multiple sources in the ruling Pakistan Muslim League-Nawaz (PML-N) as well as its coalition partners, told The Express Tribune that the decision was taken in a meeting held at the Prime Minister House.

The meeting was chaired by PM Shehbaz and attended by heads of the coalition partners. The sources said that they finally agreed that bold decisions, even if they were unpopular, should be taken forthwith to steer the country out of the current political and economic crisis.

https://tribune.com.pk/story/2357126/govt-imposes-complete-ban-on-import-of-luxury-items

This isn't nearly enough. They need to increase tax on fuel immediately and the state bank of Pakistan should raise interest rates. PDM needs to stop insulting the public with their non-action.

PDM is ruling the country like a coward, but I guess that comes naturally to them.

These guys have gotten Pakistan's economy in a real pickle due to their indecisiveness.

 

[Hermoine Green]

ISLAMABAD:
The federal government on Wednesday decided to impose a complete ban on the import of unnecessary and luxury items to deal with the country's unsettling economic woes, according to Express News.

The decision was taken during a high-level meeting held under the chairmanship of Prime Minister Shehbaz Sharif in which the economic situation of the country was reviewed.

"Precious foreign exchange would not be spent on import of unnecessary and luxury items," the premier said.

Participants of the forum agreed to make tough decisions to deal with the depleting exchange reserves crisis and the falling rupee, which reached nearly Rs200 in the inter-bank market on Wednesday.

The business community had also urged the government to immediately put curbs on the import of luxury goods as the country is heading towards economic chaos.

Read: PM confers with allies on unsettling economic woes

“Pakistan is heading towards economic crisis,” warned Employers’ Federation of Pakistan (EFP) President Ismail Suttar while talking to The Express Tribune.

Worsening balance of payments position, high inflation, depleting foreign exchange reserves and political uncertainty had led the country to an alarming economic situation, he said.

Earlier, it was also reported that the government and its allies decided to implement “tough decisions” to steer the country out of its current economic woes and ensure long-term sustainability, enabling the coalition to see through the remaining tenure of the government.

Multiple sources in the ruling Pakistan Muslim League-Nawaz (PML-N) as well as its coalition partners, told The Express Tribune that the decision was taken in a meeting held at the Prime Minister House.

The meeting was chaired by PM Shehbaz and attended by heads of the coalition partners. The sources said that they finally agreed that bold decisions, even if they were unpopular, should be taken forthwith to steer the country out of the current political and economic crisis.

https://tribune.com.pk/story/2357126/govt-imposes-complete-ban-on-import-of-luxury-items

Those items include cars, cosmetics, tiles, perfumes e.t.c

Bunch of jokers.

 

[Syed1]

A thousand lanats on Bajwa, Nadeem Anjum and the rest of the neutrals on aiding and abetting the foreign backed regime change. Thanks for destroying this fast paced, sustainable economic growth. The country was on the path of achieving 6% growth and now is just weeks away from default. All because of looters and plunderers now being at the helm

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">6% gdp growth achieved in this fiscal year after 5.7% last year. This is the economic turnaround achieved by the <a href="https://twitter.com/ImranKhanPTI?ref_src=twsrc%5Etfw">@ImranKhanPTI</a> government. This growth momentum now jeopardized by the political upheaval caused by the no confidence vote. <a href="https://twitter.com/hashtag/%D8%A7%D9%85%D9%BE%D9%88%D8%B1%D9%B9%DA%88_%D8%AD%DA%A9%D9%88%D9%85%D8%AA_%D9%86%D8%A7%D9%85%D9%86%D8%B8%D9%88%D8%B1?src=hash&ref_src=twsrc%5Etfw">#امپورٹڈ_Ø*کومت_نامنظور</a></p>— Asad Umar (@Asad_Umar) <a href="https://twitter.com/Asad_Umar/status/1526918815677829124?ref_src=twsrc%5Etfw">May 18, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


Also I hope supporters of corrupt mafia [MENTION=135038]Major[/MENTION] and [MENTION=131701]Mamoon[/MENTION] are enjoying the economic meltdown. They kept going on about "mehngayi".... I hope they are now enjoying the sky high rate of inflation and Rs 200/USD.

 

[Colorblind Genius]

“ 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.”

This is an interesting piece of hogwash.
If PTI was doing really this bad and you knew that things were THIS BAD, then why did PDM take over, when they knew they can't handle it?

You may come back n say, "ohhh becase PDM wanted to save the country and save the economy".

OK, what's their plan to so?

Bring an ultra increase in inflation?

But wasn't "inflation" the actual problem, based on which the no confidence vote was started?


In other words, PDM thought inflation was a major problem in the PTI rule, and the solution to that is, oust the PTI, get into power and raise more inflation?

By the way, did you notice the "tarraqi" in Pakistan under PDM? MORE jobs are created, yeah baby! Laborers are working 24/7, even at 2:00 am in the morning, updating the swimming pool in the PM house that 75 million Rs. of tax payers' money.

 

[Hermoine Green]

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

 

[Hextro]

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

Does anyone have an idea how much these duties will reduce the overall import of these products?

If I remember correctly we already have a non-fuel trade surplus, I don't know why these guys don't just increase the fuel tax. I suspect they're just delaying the inevitable with these feel good cosmetic decisions.

 

[Hextro]

"The National Accounts Committee (NAC), in its meeting, reviewed and finalized National Accounts for FY22.

The estimates of GDP growth for FY22 came out to be 5.97% compared to 5.74% growth recorded in FY21."

https://twitter.com/ArifHabibLtd/status/1526908193917526019

Imran Khan and PTI grew the economy by around 6% over the last 2 years through export and industrial driven growth, despite a major war in Europe and a pandemic.

Do PDM supporters think this is fake news or do they accept the reality?

 

[Hextro]

"The National Accounts Committee (NAC), in its meeting, reviewed and finalized National Accounts for FY22.

The estimates of GDP growth for FY22 came out to be 5.97% compared to 5.74% growth recorded in FY21."

https://twitter.com/ArifHabibLtd/status/1526908193917526019

Imran Khan and PTI grew the economy by around 6% over the last 2 years through export and industrial driven growth, despite a major war in Europe and a pandemic.

Do PDM supporters think this is fake news or do they accept the reality?

Also, don't forget that the growth for the 2021-22 fiscal year would've been a lot higher had it not been for PDM causing mayhem throughout the country.

PTI has been extremely unlucky that they got the government in 2018. The general public would've even more easily seen how much better PTI is compared to PPP, PMLN, etc had PTI been elected in a stable period like 2013-2018. 2015-2018 had some of the most stable fuel and commodity prices in modern history and PMLN still managed to screw up. Although despite all that the popular support still seems to be with PTI, goes to show how much people hate the PDM.

 

[Bewal Express]

"The National Accounts Committee (NAC), in its meeting, reviewed and finalized National Accounts for FY22.

The estimates of GDP growth for FY22 came out to be 5.97% compared to 5.74% growth recorded in FY21."

https://twitter.com/ArifHabibLtd/status/1526908193917526019

Imran Khan and PTI grew the economy by around 6% over the last 2 years through export and industrial driven growth, despite a major war in Europe and a pandemic.

Do PDM supporters think this is fake news or do they accept the reality?

So this amazing growth in incredibly difficult is destruction of the economy. Where is [MENTION=135038]Major[/MENTION] [MENTION=131701]Mamoon[/MENTION] etc. Any mafia supporters still here

 

[Hermoine Green]

So this amazing growth in incredibly difficult is destruction of the economy. Where is [MENTION=135038]Major[/MENTION] [MENTION=131701]Mamoon[/MENTION] etc. Any mafia supporters still here

May be they are still busy with Amir Liaqat stuff

 

[Syed1]

Mafia supporters be like in this fiscal year July to April during PTI government the economy was floundering at 1-2% but since their favourite looter and plunder took over in April economy is going at shuper ishpeed ultra pro max and therefore the overall annual growth is trending towards 6%.

 

[Bewal Express]

So this amazing growth in incredibly difficult is destruction of the economy. Where is [MENTION=135038]Major[/MENTION] [MENTION=131701]Mamoon[/MENTION] etc. Any mafia supporters still here

Edit
It should say in incredibly difficult times

 

[Hextro]

So this amazing growth in incredibly difficult is destruction of the economy. Where is [MENTION=135038]Major[/MENTION] [MENTION=131701]Mamoon[/MENTION] etc. Any mafia supporters still here

https://t.co/FHtAp1chvX

This is despicable.

PDM tried to manipulate Pakistan's GDP growth numbers just to make PTI look bad.

 

[Bewal Express]

https://t.co/FHtAp1chvX

This is despicable.

PDM tried to manipulate Pakistan's GDP growth numbers just to make PTI look bad.

Its their tried and tested methodology. I bet the guy will be threatened with consequences like Dr Rizwan. Imported Thugs

 

[Colorblind Genius]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">My hunch was correct, Dr Zubair has resigned. Why do we try to destroy institutions. Facts cannot be suppressed. <a href="https://t.co/FHtAp1chvX">pic.twitter.com/FHtAp1chvX</a></p>— Shaukat Tarin (@shaukat_tarin) <a href="https://twitter.com/shaukat_tarin/status/1526814450803691522?ref_src=twsrc%5Etfw">May 18, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[Hermoine Green]

The number of people resigning due to PDM is increasing day by day

 

[Abstraction1]

Someone should send out a search party for [MENTION=131701]Mamoon[/MENTION] and [MENTION=135038]Major[/MENTION].

Surely they can make up atleast one random excuse for PDM's shocking "performance" so far.

 

[Kianig89]

PDM Pakistan Destruction Movement literally it is

 

[DRsohail]

Does anyone have an idea how much these duties will reduce the overall import of these products?

If I remember correctly we already have a non-fuel trade surplus, I don't know why these guys don't just increase the fuel tax. I suspect they're just delaying the inevitable with these feel good cosmetic decisions.

Face saving tactics, and you can se in dawn news the projected GDP this year's.PTI has done fairly well it means.

 

[Major]

A thousand lanats on Bajwa, Nadeem Anjum and the rest of the neutrals on aiding and abetting the foreign backed regime change. Thanks for destroying this fast paced, sustainable economic growth. The country was on the path of achieving 6% growth and now is just weeks away from default. All because of looters and plunderers now being at the helm

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">6% gdp growth achieved in this fiscal year after 5.7% last year. This is the economic turnaround achieved by the <a href="https://twitter.com/ImranKhanPTI?ref_src=twsrc%5Etfw">@ImranKhanPTI</a> government. This growth momentum now jeopardized by the political upheaval caused by the no confidence vote. <a href="https://twitter.com/hashtag/%D8%A7%D9%85%D9%BE%D9%88%D8%B1%D9%B9%DA%88_%D8%AD%DA%A9%D9%88%D9%85%D8%AA_%D9%86%D8%A7%D9%85%D9%86%D8%B8%D9%88%D8%B1?src=hash&ref_src=twsrc%5Etfw">#امپورٹڈ_Ø*کومت_نامنظور</a></p>— Asad Umar (@Asad_Umar) <a href="https://twitter.com/Asad_Umar/status/1526918815677829124?ref_src=twsrc%5Etfw">May 18, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


Also I hope supporters of corrupt mafia [MENTION=135038]Major[/MENTION] and [MENTION=131701]Mamoon[/MENTION] are enjoying the economic meltdown. They kept going on about "mehngayi".... I hope they are now enjoying the sky high rate of inflation and Rs 200/USD.

look who came out of the hole.... This guy had went into hiding when imran was removed

 

[Xoib]

look who came out of the hole.... This guy had went into hiding when imran was removed

No comments on the GDP growth ?

 

[Major]

No comments on the GDP growth ?

Had no idea that gdp growth on the basis of weekly instead of annual

 

[DRsohail]

look who came out of the hole.... This guy had went into hiding when imran was removed

he came out with figures and facts.Even Dawn published it today, I think the that,, Economy under PDM ,,should be changed here, as no economy exist under PDM .

 

[Bewal Express]

Had no idea that gdp growth on the basis of weekly instead of annual

The figures are much higher than in any time during the PPP ERA and are a great spring board( or shall I say were) until your thugs took instructions.

 

[Hextro]

Had no idea that gdp growth on the basis of weekly instead of annual

Come on Major bhai this is basic stuff.

Growth results are not given on a calendar basis they're given on a fiscal basis.

 

[Hermoine Green]

Look who came to this thread )

Who left this thread just after some days of PDM disaster.

 

[Hextro]

ISLAMABAD: The growth rate forecast of Pakistan’s economy increased significantly during 2021-22, making it the second-highest economic growth recorded over the past four years suggesting recovery of the economy from the Covid-19 pandemic.

The projection that Pakistan’s economy will grow at a rate of 5.97 per cent in 2021-22 is much higher than the projections of 4pc and 4.3pc by the International Monetary Fund and the World Bank, respectively, for the same year.

This projection came as a surprise when it was feared the fuel subsidies will ditch the growth forecast. The growth was mainly contributed by the industrial sector, followed by services and agriculture sectors. In the agriculture sector, a robust growth was seen in four major crops — cotton, rice, sugarcane and maize — while a dip was noted in wheat production.

The 105th meeting of the National Accounts Committee, chaired by Planning Secretary Dawood Muhmmad Bareach, approved the figures of gross domestic product (GDP) for the fiscal year 2021-22 and revised figure for 2020-21.

An upward trend in the growth was also seen in the revised figures for the year 2020-21, when it was estimated at 5.74pc, which was provisionally projected at 5.57pc.

The size of the economy rose to $380 billion in 2021-22 from the revised figure of $346.76bn the previous year. The size of the economy grew in dollar terms as the rupee strengthened against the greenback — the highest-ever increase in any year.

Per capita income has also been calculated at Rs314,353, up from Rs268,223 for 2020-21. The per capita income in dollar terms has jumped to $1,798 from previous year’s projections of $1,676.

The revised GDP growth rate for the year 2020-21 is 5.74pc, which was provisionally estimated at 5.57pc. The crops sub-sector has improved from 5.92pc to 5.96pc. Other crops have improved from provisional growth of 8.08pc to 8.27pc in revised estimates. The industrial sector’s growth in the revised estimates is 7.81pc, which was 7.79pc in the provisional estimates, while the services sector’s growth has improved from 5.7pc to 6pc.

The provisional GDP growth rate for the year 2021-22 is estimated at 5.97pc. This is the outcome of a broad-based growth witnessed in all sectors of the economy. The growth in agricultural, industrial and services sectors is 4.40pc, 7.19pc and 6.19pc, respectively. The growth in the agriculture sector was achieved despite a fall in wheat production.

The growth in important crops during this year is 7.24pc against last year’s 5.83pc. The growth in production of important crops — cotton, rice, sugarcane and maize — are estimated at 17.9pc, 10.7pc, 9.4pc and 19pc, respectively.

Cotton crop production increased from last year’s 7.1 million bales to 8.3m bales; rice output from 8.4m tonnes to 9.3m tonnes; sugarcane production from 81m tonnes to 88.7m tonnes; and maize production rose from 8.4m tonnes to 10.6m tonnes.

Wheat production decreased from 27.5m tonnes in 2020-21 to 26.4m tonnes in 2021-22. Other crops showed growth of 5.44pc, mainly because of an increase in production of pulses, vegetables, fodder, oilseeds and fruits.

The livestock sector is showing a growth of 3.26pc this year against 2.38pc last year, forestry grows 6.13pc against a negative growth of 0.45pc last year and fishing stands at 0.35pc this year against 0.73pc last year.

The overall industrial sector shows an increase of 7.19pc in 2021-22, while it recorded a growth of 7.81pc in 2020-21. The mining and quarrying sector has declined by 4.47pc due to a fall in production of other minerals.

The large-scale manufacturing industry is driven primarily by QIM data (from July 2021 to March 2022) which shows an increase of 10.48pc. Major contributors to this growth are food (11.67pc), tobacco (16.7pc), textile (3.19pc), wearing apparel (33.95pc), wood products (157.5pc), chemicals (7.79pc), iron & steel products (16.55pc), automobiles (54.10pc), furniture (301.83pc) and other manufacturing (37.83pc).

The electricity, gas and water industry shows a growth of 7.86pc, mainly due to an increase in subsidies in 2021-22. Value added in the construction industry, mainly driven by construction-related expenditures by industries, has registered a modest growth of 3.14pc in 2021-22 against 2.48pc the previous year, mainly due to an increase in general government spending.

The services sector shows a growth of 6.19pc in 2021-22 against 6pc in 2020-21. The wholesale and retail trade industry grew by 10.04pc. It is dependent on the output of agriculture, manufacturing and imports. The growth in trade value added relating to agriculture, manufacturing and imports stands at 3.99pc, 9.82pc and 19.93pc, respectively.

The transportation and storage industry has increased by 5.42pc due to increase in gross value addition of railways (41.85pc), air transport (26.56pc), road transport (4.99pc) and storage. Accommodation and food services activities have increased by 4.07pc. Similarly, information and communication increased by 11.9pc due to improvement in telecommunication, computer programming, consultancy and related activities.

The finance and insurance industry shows an overall increase of 4.93pc, mainly due to an increase in deposits and loans. Real estate activities grew by 3.7pc, while public administration and social security (general government) activities posted a negative growth of 1.23pc due to high deflator. Education has witnessed a growth of 8.65pc due to public sector expenditure. Human health and social work activities increased by 2.25pc due to general government expenditures. The provisional growth in other private services is 3.76pc.

https://www.dawn.com/news/1690400/pakistan-exceeds-expectations-as-growth-rate-nears-6pc

 

[Hermoine Green]

Does anyone have an idea how much these duties will reduce the overall import of these products?

If I remember correctly we already have a non-fuel trade surplus, I don't know why these guys don't just increase the fuel tax. I suspect they're just delaying the inevitable with these feel good cosmetic decisions.

Data Speaks!!!
Annual demand for tyres in the country is approximately 14 million pieces. Around 15% of the demand is met through domestic production while 35% comes through imports via legal channels. The remaining 50% of the demand is met through the smuggled tyres.

Duties on everything increases, make everything expensive but can't raise prices of petroleum products, which contribute almost 50% imports. (This is your answer)

Actually duties in these, will slow down growth more & at the same time offering subsidy on major import 'Oil', will increase its demand more.

 

[DRsohail]

Regime suffers another major setback when Supreme Court takes Suo Motu against FIA Transfer/postings by Shahbaz Sharif. Imran Khan tightens screws through another Power Show in PMLN stronghold of Gujranwala & lawyers of Lahore rally around the former PM. But American plot gets more visible when Bilawal meets Tony Blinken in Washington at a time when IMF starts talks in Doha without insisting on earlier condition of removing subsidies, so will Biden Administration take a stand to bail out "Imported Govt" of Sharifs & Zardaris? Will Pakistanis remain slaves for ever or succeed in developing a self respecting relation with the US & India?
By Mooed Pirzada

 

[Major]

Look who came to this thread )

Who left this thread just after some days of PDM disaster.

Atleast i dont go travelling around listening to the same speech.

Add more emojis plz

 

[Bewal Express]

Atleast i dont go travelling around listening to the same speech.

Add more emojis plz

After 2 months of corrupt losers having no policies and no ideas except to get rid of their cases PK has gone back 3 years with everything. What an embarrassment your crooks have been and will continue to be.

 

[Varun]

After 2 months of corrupt losers having no policies and no ideas except to get rid of their cases PK has gone back 3 years with everything. What an embarrassment your crooks have been and will continue to be.

You can't go back 3 years after a mere handful of weeks unless there has been some kind of war or a brutal Covid wave.

You have to admit that Pakistan has always had systemic issues with its economy.

 

[Hermoine Green]

According to Shahid Khaqan Abbasi "If we want to save dollars, we need to increase load shedding" )

What clowns we have right now.

 

[Hermoine Green]

Offcourse you cant go to any jalsa because you are ONLY a keyboard warrior.

 

[Hermoine Green]

Regime suffers another major setback when Supreme Court takes Suo Motu against FIA Transfer/postings by Shahbaz Sharif. Imran Khan tightens screws through another Power Show in PMLN stronghold of Gujranwala & lawyers of Lahore rally around the former PM. But American plot gets more visible when Bilawal meets Tony Blinken in Washington at a time when IMF starts talks in Doha without insisting on earlier condition of removing subsidies, so will Biden Administration take a stand to bail out "Imported Govt" of Sharifs & Zardaris? Will Pakistanis remain slaves for ever or succeed in developing a self respecting relation with the US & India?
By Mooed Pirzada

SC giving toffees to PTI now, nothing more. And did you see the pics of BBZ? He was standing like a Farmanbardar bacha

 

[Bewal Express]

You can't go back 3 years after a mere handful of weeks unless there has been some kind of war or a brutal Covid wave.

You have to admit that Pakistan has always had systemic issues with its economy.

And those issues remain but these thugs came in and made it 10x worse in 4 weeks by causing chaos and political instability. Our structural issues are deep and IK had started to address them, its the reason our Exports grew and the economy started to grow at historical figures. Just imagine if he had the lower oil and gas prices, low food prices and not having a pandemic to deal with, We would be growing at 7.5%.

 

[Hermoine Green]

Maryam Aurangzeb doing a press conference on Pakistans’ financial decisions.

But then what's Miftah is doing?
[MENTION=1269]Bewal Express[/MENTION] [MENTION=140234]DRsohail[/MENTION] [MENTION=156349]Hextro[/MENTION]

 

[Abstraction1]

Had no idea that gdp growth on the basis of weekly instead of annual

We know bro, we know.

 

[mazkhan]

What would be the repercussions if we straight up defaulted.

I'm actually thinking it would be more practical to end the misery and start from scratch

 

[DRsohail]

We know bro, we know.

hahahhaha

 

[DRsohail]

Maryam Aurangzeb doing a press conference on Pakistans’ financial decisions.

But then what's Miftah is doing?

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

circus, complete circus......zaleeel horahy ha zaleel. From Masjid e Nabwi SAW to Islamabad to USA To UK har jaga zillat.

 

[DRsohail]

SC giving toffees to PTI now, nothing more. And did you see the pics of BBZ? He was standing like a Farmanbardar bacha

kiya karay bichara,farmnabardar banna parrega...i think he is the most undeserving foreign minister in the history of pakistan.

 

[Bewal Express]

Maryam Aurangzeb doing a press conference on Pakistans’ financial decisions.

But then what's Miftah is doing?

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

Miftah is handing over to the expert that is the dadu charger

 

[Syed1]

This was the competent and experienced team promised to us by the PDM supporters? )


Atleast this coup has dispelled the notion that PDM knows the first thing about governance. IK is the best PM the country has ever seen. Inshallah he will be back at the helm and this time with 2/3 majority. With a powerful government his first order of business should be to hang these corrupt PDM politicians, generals and judges.

 

[Hextro]

You can't go back 3 years after a mere handful of weeks unless there has been some kind of war or a brutal Covid wave.

You have to admit that Pakistan has always had systemic issues with its economy.

Pakistan wasn't in the best position when Imran Khan left office but it was a million times better than where these incompetent beggers have put it. The current crisis has been caused due to PDM's indecisiveness and incompetence nothing else.

Don't try to divert any blame from them to someone else.

 

[DRsohail]

This was the competent and experienced team promised to us by the PDM supporters? )


Atleast this coup has dispelled the notion that PDM knows the first thing about governance. IK is the best PM the country has ever seen. Inshallah he will be back at the helm and this time with 2/3 majority. With a powerful government his first order of business should be to hang these corrupt PDM politicians, generals and judges.

The best thing to happen in these days is the,, tajribakar team wala,, notion is no more.

 

[Kianig89]

https://twitter.com/MashwaniAzhar/s...DB94-D984D988DA88D8B4DB8CDA88D986DAAF.825245/

The thick tank I mean think an ex PM of Country how idiotic one can be where are mafia cronies the super seeded Major [MENTION=132499]namm[/MENTION]on
https://twitter.com/i/status/1527141573527584768

 

[Mamoon]

A thousand lanats on Bajwa, Nadeem Anjum and the rest of the neutrals on aiding and abetting the foreign backed regime change. Thanks for destroying this fast paced, sustainable economic growth. The country was on the path of achieving 6% growth and now is just weeks away from default. All because of looters and plunderers now being at the helm

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">6% gdp growth achieved in this fiscal year after 5.7% last year. This is the economic turnaround achieved by the <a href="https://twitter.com/ImranKhanPTI?ref_src=twsrc%5Etfw">@ImranKhanPTI</a> government. This growth momentum now jeopardized by the political upheaval caused by the no confidence vote. <a href="https://twitter.com/hashtag/%D8%A7%D9%85%D9%BE%D9%88%D8%B1%D9%B9%DA%88_%D8%AD%DA%A9%D9%88%D9%85%D8%AA_%D9%86%D8%A7%D9%85%D9%86%D8%B8%D9%88%D8%B1?src=hash&ref_src=twsrc%5Etfw">#امپورٹڈ_Ø*کومت_نامنظور</a></p>— Asad Umar (@Asad_Umar) <a href="https://twitter.com/Asad_Umar/status/1526918815677829124?ref_src=twsrc%5Etfw">May 18, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


Also I hope supporters of corrupt mafia [MENTION=135038]Major[/MENTION] and [MENTION=131701]Mamoon[/MENTION] are enjoying the economic meltdown. They kept going on about "mehngayi".... I hope they are now enjoying the sky high rate of inflation and Rs 200/USD.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr"> PM voted out of office by parliament after 3.5 years<br><br>He inherited a bad economy, but leaves it in even worse shape<br></p>— Atif Mian (@AtifRMian) <a href="https://twitter.com/AtifRMian/status/1512908323623825408?ref_src=twsrc%5Etfw">April 9, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Please go through the thread - Atif Mian certainly agrees that Imran flopped as far as the economic front is concerned. Now before you abuse Atif Mian and call him part of the "conspiracy" that removed the fake messiah from office, don't forget the fact that you called Atif Mian an "intelligent Mind'' in July 2019.

This is the same Atif Mian that Imran desperately wanted to appoint as economic advisor. My my my )

http://www.pakpassion.net/ppforum/s...development-for-current-situation-in-Pakistan

 

[Bewal Express]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">���� PM voted out of office by parliament after 3.5 years<br><br>He inherited a bad economy, but leaves it in even worse shape<br>��</p>— Atif Mian (@AtifRMian) <a href="https://twitter.com/AtifRMian/status/1512908323623825408?ref_src=twsrc%5Etfw">April 9, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Please go through the thread - Atif Mian certainly agrees that Imran flopped as far as the economic front is concerned. Now before you abuse Atif Mian and call him part of the "conspiracy" that removed the fake messiah from office, don't forget the fact that you called Atif Mian an "intelligent Mind'' in July 2019.

This is the same Atif Mian that Imran desperately wanted to appoint as economic advisor. My my my )

http://www.pakpassion.net/ppforum/s...development-for-current-situation-in-Pakistan

Atif Mian is making a total tool out of you. Aren't you the one that kept saying IK faked the terrible economic situation back in 2018 and here you are quoting him about how bad it was in 2018, aren't you the one that didn't know how an exchange rate was determined( and as we know now, nor does SS), aren't you the one that told us that CAD and Foreign reserves obsession was fake? So was it fake

 

[wasim-fan]

This is such a fantastic interview of Atif Mian and addresses the root of the problem we are dealing with. As a student of commerce, I feel of embarrassed to have not known of him.

https://youtu.be/VXNL0VX-8eo

1) Pakistan's economy has a structural issue. Each govt will find it's in BOP crisis every time.

2) In this deformed economy GDP growth rate doesn't mean much. It's only going to increase trade deficit. Trade deficit cannot be corrected over short term.

3) Economy is bankrupt practically when you have to take loans to pay loans.

So insafi or patwari. Doesn't mean much. The patient is diagnosed with chronic issue. Their stupid fight will not help the clear decline and destruction of Pak economy. It will not only fasten. Unless economic emergency is imposed and bold steps are taken.

 

[MenInG]

KARACHI: The PML-N-led government’s allies — PPP and MQM — believe the government must complete its term to take hard decisions for Pakistan’s faltering economy.

The government's allies backed the "tough decision" taken by the government to tackle the economic crisis.

In an interview with Geo News on Aaj Shahzeb Khanzada Kay Saath, they ruled out any benefit if a caretaker government is installed now for early election.

Would early elections stabilise the economy?

PPP leader Khursheed Shah stated that Prime Minister Shehbaz Sharif holds full authority to make difficult decisions to save the country. "If we do not make difficult decisions, the country will suffer," he said.

After introducing electoral reforms in September or October, the government should move towards elections, he stated, adding that holding elections immediately and creating a caretaker government will push the nation into a situation like that of Sri Lanka.

Khanzada questioned whether the prime minister is too weak to make critical judgments. In response, Shah bemoaned how a government could make decisions with its hands tied.

Faisal Sabzwari of the MQM stated on the programme that fixing the situation of the economy required over a year of consistency. "It's a matter of national security, thus precise and quick decisions are required, and the MQM is willing to pay the price for tough national decisions," he said.

He opposed the immediate formation of a caretaker government as well, arguing that its choices would lack credibility in the eyes of the international organisation from which the country receives loans.

Former prime minister Shahid Khaqan Abbasi stated on the programme that the problem requires assistance from all quarters. He stated that it should be known that the establishment, all political leaders, all prime ministers, and the president are required to support these difficult decisions in this unprecedented crisis.

Therefore, he stated, the National Security Committee should convene to assess the situation and share responsibility for the necessary decisions. If the affected parties do not want to bear responsibility for the difficult decisions in a scenario that was not created by this government, the government should resign, he said.

Speaking on the Geo News programme, PPP leader Qamar Zaman Kaira asked why the government should announce elections and if the new government wouldn't have to carry this [same] burden.

GEO

 

[Mamoon]

Atif Mian is making a total tool out of you. Aren't you the one that kept saying IK faked the terrible economic situation back in 2018 and here you are quoting him about how bad it was in 2018, aren't you the one that didn't know how an exchange rate was determined( and as we know now, nor does SS), aren't you the one that told us that CAD and Foreign reserves obsession was fake? So was it fake

His assessment is damning - he has clearly explained in his Twitter thread why Imran’s performance on the economic front was worse than PMLN’s. That assessment clearly doesn’t align with the delusions of cult-followers who claim that the economy was on the upswing under Imran. So why don’t you debate with him on Twitter and challenge the points that he raised? It shouldn’t be difficult for you. Why the delay?

 

[Hermoine Green]

Atif Mian is right, but SBP and all other Facts and Figures are WRONG. And yet you people forgot that this is the same Atif Mian who regularly bashed beloved PMLN for economy, and the same Atif Mian whom Imran Khan wanted to appoint and scholar like Mamoon was using religious card along with his party as well )

Level of stupidity by some here is astounding.

 

[Hermoine Green]

Some one is trying so hard, extremely hard to prove his point which is pointless, am really enjoying the level of desperation and stupidity by them )

It reminds me of Hina Pervez Butt interview last night, when an anchor asked her a question about Dollar rate, and she started saying that Imran Khan saazish and all.

Anchor repeatedly asked her the same question, and in the end anchor said "Hina sahiba main ap se seedha sa sawal pooch rahi Dollar rate ka or ap oper nechy agay pechy dayn bayn jawab de rahen"

Some of posters here, are exact same copy of Hina Parvez But

 

[wasim-fan]

His assessment is damning - he has clearly explained in his Twitter thread why Imran’s performance on the economic front was worse than PMLN’s. That assessment clearly doesn’t align with the delusions of cult-followers who claim that the economy was on the upswing under Imran. So why don’t you debate with him on Twitter and challenge the points that he raised? It shouldn’t be difficult for you. Why the delay?

One retort could be "Sab kuch galat hai."

 

[MenInG]

KARACHI: Pakistan’s current account deficit – the gap between foreign expenditures and income – narrowed 39% month-on-month to $623 million in April on the back of historic high workers’ remittances and a reduction in the import bill.

“Current account deficit shrank to $623 million in April 2022; only two-thirds of March 2022 deficit of $1,015 million,” the central bank said on its official Twitter handle late on Thursday.

“A rise in workers’ remittances (by $315 million) and fall in imports (by $246 million) explain this reduction,” it added.

Besides, the export earnings improved from $83 million to $3.15 billion in the month under review compared to $3.07 billion in the previous month.

Workers’ remittances hit a historic high at $3.12 billion in April compared to $2.81 billion in the previous month.

Imports of goods shrank to $6 billion in April compared to $6.25 billion in the prior month.

However, in the first 10 months (July-April) of the current fiscal year, the cumulative current account deficit soared 27 times to $13.78 billion compared to a mere $543 million in the same period last year.

On a month-on-month basis, April is the second consecutive month when the current account deficit has contracted.

Last month, the central bank reported that the non-oil current account balance remained in surplus for the second successive month in March.

It, however, remained unclear whether the non-oil current account remained in surplus for the third consecutive month as well.

The improvement in the current account deficit had come on a month-on-month basis following restrictions on car financing by banks to reduce imports in September 2021.

Later, the then PTI-led government had increased taxes and duties on imports through a mini-budget in January 2022.

On Wednesday, the new PML-N-led coalition government banned imports of luxury items like cars of over 1,800cc engine capacity, doubled import duty on mobile phones and increased the rate of taxes on imports of dozens of items including cold-rolled steel, tyres and rubber.

The government estimated that the new measures will help cut the import bill by $500 million a month and further reduce the current account deficit in the coming months.

The government took the measures amid ongoing talks between Pakistan and the International Monetary Fund (IMF) for the resumption of the multibillion-dollar loan programme. The talks are underway in Doha from May 18.

Express Tribune

 

[MenInG]

His assessment is damning - he has clearly explained in his Twitter thread why Imran’s performance on the economic front was worse than PMLN’s. That assessment clearly doesn’t align with the delusions of cult-followers who claim that the economy was on the upswing under Imran. So why don’t you debate with him on Twitter and challenge the points that he raised? It shouldn’t be difficult for you. Why the delay?

Atif Mian is tainted goods.

He is clearly miffed about being asked to leave due to his Ahmadi connection (which I believe was the wrong thing to do) - he will do his utmost now to paint PTI in a negative light.

Having said all that, I am sure PTI Will answer his comments in their own time.

Right now their main job is to get rid of the criminal mafia running this country.

 

[Abstraction1]

⦿ 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....

We're waiting for a response [MENTION=131701]Mamoon[/MENTION].

We don't care about you cherry picking random tweets.

We care if you can string a sentence together and explain this.

Or you can apologise for your ignorance and hope we will accept it.

 

[Bewal Express]

One retort could be "Sab kuch galat hai."

But the tweet told us that things were bad in 2018. Arent you embarrassed that its a damning indict on your 5 years that we had to go to the IMF by the end, the CAD(@Mamoon still doesnt understand what it is and how it impacts the Rp) and Foreign reserves had destroyed any confidence in our economy. All this when the oil and gas prices were on average much lower and stable, the international commodity prices were stable and low and there was no Corona. We should have had 8% growth with the conditions the Nooras had, but instead it was much lower. As we have seen, outside Foreign Jaunts and building swimming pools, you have no idea what to do with the economy.

 

[Mamoon]

Atif Mian is tainted goods.

He is clearly miffed about being asked to leave due to his Ahmadi connection (which I believe was the wrong thing to do) - he will do his utmost now to paint PTI in a negative light.

Having said all that, I am sure PTI Will answer his comments in their own time.

Right now their main job is to get rid of the criminal mafia running this country.

Yes, I was waiting for this predictable response. Unfortunately, this script does not work.

When Atif Mian was asked to leave, PTI supporters told us that it was the opposition that opposed his appointment and forced him to leave. We were told that Imran and his party did all they could to retain him.

So if there is underlying agenda for Atif Mian, it should be against the current government who supposedly kicked him out of the country because of his faith.

How does that explain Atif Mian stating that the PTI worsened the state of the economy?

So there are two possibilities here: PTI supporters were lying when they said that the opposition kicked Atif Mian out and it was Imran and his party all along.

Or, Atif Mian has no agenda and is calling it as it is. So which option will you go for?

 

[Mamoon]

We're waiting for a response [MENTION=131701]Mamoon[/MENTION].

We don't care about you cherry picking random tweets.

We care if you can string a sentence together and explain this.

Or you can apologise for your ignorance and hope we will accept it.

I didn’t want to do this but you leave me with no choice. I have a contribution of 90,000+ post on this forum and have given this place 10 years.

I am no longer as active as I was few years ago. My personal and professional commitments no longer allow me to post 50+ posts per day. As a result, I only interact with posters who make quality arguments or with posters who are old-timers.

The reason why I don’t engage with you is because I don’t feel that you have earned the right. So either raise the quality of your content or do the hard yards for a few years before you can grab my attention.

I did skim through your post and I saw that you mentioned 5.5 million jobs created in 3 years. That had me spill my tea and luckily enough, it didn’t end up on my shirt. I actually stopped reading at that point.

What made it even funnier is that your “source” is Asad Umar, a clown who was hailed as an economic genius for years but couldn’t even last 8 months as finance minister because he was a total disaster.

In addition, he is a cult-follower who is deeply infected by the Imran virus and will read from the script that is given to him.

Using him as a credible source for PTI’s performance is like using Hamza Shehbaz as a credible source for PMLN’s performance.

So here is your homework for today - please provide a breakdown of the 5.5 million jobs created by sector/industry.

I want a document where you have a column for each sector/industry and the total should add up to 5.5 million.

Below the table, I want a summary of the impact these 5.5 million jobs had on the unemployment rate, i.e. the difference between before and after.

What was the impact of these 5.5 million jobs on the economy, how many sub-jobs were created, i.e. how did these 5.5 million jobs help create additional jobs.

Furthermore, what was the turnover rate, how many people were fired/or resigned from these jobs, are these vacancies still open, what is the criteria for hiring them, what is the paying scale of these jobs.

Since you have no problem quoting the 5.5 million figure, you should be able to extract this data.

I see that in the article itself, Asad Umar gave a very passive breakdown but I want a detailed report because if you are going to quote a figure, you should be able to back it up with a detailed report and you should be able to address the questions that I raised.

If you can do this you might get a response from me. If not, please don’t bother addressing me because I will not be replying.

 

[Pakpak]

I remember righting Major in a thread for two pages about inflation when he started the entire thing with a Jab at PTI by saying about time new gov comes in to control mehengai Here is your new gov

 

[Abstraction1]

I didn’t want to do this but you leave me with no choice. I have a contribution of 90,000+ post on this forum and have given this place 10 years.

I am no longer as active as I was few years ago. My personal and professional commitments no longer allow me to post 50+ posts per day. As a result, I only interact with posters who make quality arguments or with posters who are old-timers.

The reason why I don’t engage with you is because I don’t feel that you have earned the right. So either raise the quality of your content or do the hard yards for a few years before you can grab my attention.

I did skim through your post and I saw that you mentioned 5.5 million jobs created in 3 years. That had me spill my tea and luckily enough, it didn’t end up on my shirt. I actually stopped reading at that point.

What made it even funnier is that your “source” is Asad Umar, a clown who was hailed as an economic genius for years but couldn’t even last 8 months as finance minister because he was a total disaster.

In addition, he is a cult-follower who is deeply infected by the Imran virus and will read from the script that is given to him.

Using him as a credible source for PTI’s performance is like using Hamza Shehbaz as a credible source for PMLN’s performance.

So here is your homework for today - please provide a breakdown of the 5.5 million jobs created by sector/industry.

I want a document where you have a column for each sector/industry and the total should add up to 5.5 million.

Below the table, I want a summary of the impact these 5.5 million jobs had on the unemployment rate, i.e. the difference between before and after.

What was the impact of these 5.5 million jobs on the economy, how many sub-jobs were created, i.e. how did these 5.5 million jobs help create additional jobs.

Furthermore, what was the turnover rate, how many people were fired/or resigned from these jobs, are these vacancies still open, what is the criteria for hiring them, what is the paying scale of these jobs.

Since you have no problem quoting the 5.5 million figure, you should be able to extract this data.

I see that in the article itself, Asad Umar gave a very passive breakdown but I want a detailed report because if you are going to quote a figure, you should be able to back it up with a detailed report and you should be able to address the questions that I raised.

If you can do this you might get a response from me. If not, please don’t bother addressing me because I will not be replying.

Quantity of posts doesn't equal quality. I conceed you have been trolling here for a long time, but your posts lack substance, nor are their funny. Your cricketing stakes aren't much better too.

And not to ruin your illusion of granduer, but your claim of "giving this place 10 years" is laughable. By all accounts the only thing you have given is people a headache.

Regqeding your point, you've latched onto a statement and chosen to character assassinate Asad Umar. But you still haven't responded to the points and facts I've sourced about economic and social development in such a short span of time. I appreciate you accept you didn't read it all, this does not surprise me.

You can play smoke and mirrors all you want [MENTION=131701]Mamoon[/MENTION], but you're not going to get a free pass.

I made my previous comment as a direct reply to your claim PTI achieved nothing economically, when in actual fact, they did. So the onus is on you to back your claim PTI achieved nothing.

Lastly, you are not prepared to spend the same energy commenting on the corruption, nepotism and incompetence of PDM, yet you're asking for a "summary of the impact of each job".
Let's be real [MENTION=131701]Mamoon[/MENTION], even if someone here did that, you wouldn't read it. .

You can't even accept that the PDM are led by convicted billionaires who have a monopoly and network. How can someone be so unhinged at PTI yet remain unashamedly selectively mute on PDM.

You come across a hypocrite [MENTION=131701]Mamoon[/MENTION].

Stop hiding behind dismissive posts, and respond to the people calling you out. You've made 90,000 posts. Atleast make responding to the users here calling out your PDM leaders.

 

[Mamoon]

Quantity of posts doesn't equal quality. I conceed you have been trolling here for a long time, but your posts lack substance, nor are their funny. Your cricketing stakes aren't much better too.

And not to ruin your illusion of granduer, but your claim of "giving this place 10 years" is laughable. By all accounts the only thing you have given is people a headache.

Regqeding your point, you've latched onto a statement and chosen to character assassinate Asad Umar. But you still haven't responded to the points and facts I've sourced about economic and social development in such a short span of time. I appreciate you accept you didn't read it all, this does not surprise me.

You can play smoke and mirrors all you want [MENTION=131701]Mamoon[/MENTION], but you're not going to get a free pass.

I made my previous comment as a direct reply to your claim PTI achieved nothing economically, when in actual fact, they did. So the onus is on you to back your claim PTI achieved nothing.

Lastly, you are not prepared to spend the same energy commenting on the corruption, nepotism and incompetence of PDM, yet you're asking for a "summary of the impact of each job".
Let's be real [MENTION=131701]Mamoon[/MENTION], even if someone here did that, you wouldn't read it. .

You can't even accept that the PDM are led by convicted billionaires who have a monopoly and network. How can someone be so unhinged at PTI yet remain unashamedly selectively mute on PDM.

You come across a hypocrite [MENTION=131701]Mamoon[/MENTION].

Stop hiding behind dismissive posts, and respond to the people calling you out. You've made 90,000 posts. Atleast make responding to the users here calling out your PDM leaders.

As expected, you ran away from the challenge. Let me address your delusions - when you come up with a claim, the onus is on you to prove it. It is not on others to disprove it, that is not how it works.

You claimed that PTI created 5.5 million jobs in 3 years. That is well and good, but if you are going to make such claims, then you should have data to support those claims.

If I claim that I am the strongest man in the world, the onus is on me to prove it by lifting more weight than the strongest man in the world. The onus is not on you to prove that I am not.

You quoted the 5.5 million jobs figure. Please provide an in-depth analysis. I repeat:

Please provide a breakdown of the 5.5 million jobs created by sector/industry.

I want a document where you have a column for each sector/industry and the total should add up to 5.5 million.

Below the table, I want a summary of the impact these 5.5 million jobs had on the unemployment rate, i.e. the difference between before and after.

What was the impact of these 5.5 million jobs on the economy, how many sub-jobs were created, i.e. how did these 5.5 million jobs help create additional jobs.

Furthermore, what was the turnover rate, how many people were fired/or resigned from these jobs, are these vacancies still open, what is the criteria for hiring them, what is the paying scale of these jobs.

Please don’t deflect this and beat around the bush. It is not rocket science - if you believe and agree that PTI created 5.5 million jobs in 3 years, then please provide comprehensive proof.

If you do not have proof and you do not have supporting material, then that means that you are a blind supporter who will believe anything that the fake messiah tell you and will not try to verify it. If that is how you want to be viewed then who am I to criticize it.

Please come up with the data that I asked for, if you cannot do that then please don’t bother quoting me.

 

[Syed1]

For the record Atif Mian resigned due to mullah pressure a movement that was backed by [MENTION=131701]Mamoon[/MENTION]'s favorite PML-N.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">1/ For the sake of the stability of the Government of Pakistan, I have resigned from the Economic Advisory Council, as the Government was facing a lot of adverse pressure regarding my appointment from the Mullahs (Muslim clerics) and their supporters.</p>— Atif Mian (@AtifRMian) <a href="https://twitter.com/AtifRMian/status/1038058613372321792?ref_src=twsrc%5Etfw">September 7, 2018</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

And if Atif Mian's opinion is considered the gold standard by some then ALL of his opinions need to considered. Such as:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">My take on how poor macro policies of Dar / PML-N lead to Pakistan’s currency woes <a href="https://t.co/KWWGyfaaFm">https://t.co/KWWGyfaaFm</a></p>— Atif Mian (@AtifRMian) <a href="https://twitter.com/AtifRMian/status/1023577537493041157?ref_src=twsrc%5Etfw">July 29, 2018</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Can't have your cake and eat it too

[MENTION=1269]Bewal Express[/MENTION]

 

[Syed1]

Dawn journalist who openly support PDM can't deny the economic progress under PTI. Yet we have certain 'experts' who tell us otherwise.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Per capita in come in <a href="https://twitter.com/hashtag/Pakistan?src=hash&ref_src=twsrc%5Etfw">#Pakistan</a> rose to $1798 in 2021-22. In 2020-21 per capita income was around $1676<br>The size of GDP in 2021-22 rose to $383 billion</p>— Mubashir Zaidi (@Xadeejournalist) <a href="https://twitter.com/Xadeejournalist/status/1527566746328379392?ref_src=twsrc%5Etfw">May 20, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[Hermoine Green]

Saw a post above where a usual troll was begging for JOBS proof.

The survey, released by the Pakistan Bureau of Statistics (PBS), showed that the number of employed people in the country rose from 64.03m in 2018-19 to 67.25m in 2020-21 — an addition of 1.61m people to the labour force per year.

At the same time, the number of unemployed people dropped by 200,000 from 4.71m in 2018-19 to 4.51m in 2020-21.

The PTI government created 5.5 million jobs in its first three years of power — or 1.84m annually — compared to 5.7m employment opportunities created during the entire five-year term of the PML-N government, according to the latest Labour Force Survey.

These stats are also acknowledged by their beloved Miftah as well.

https://www.dawn.com/news/1683003

And now the usual will try to deflect from the topic by rejecting all these FACTS and FIGURES by asking 100 more irrelevant questions.

 

[Technics 1210]

Why does someone who has never worked, never paid taxes, asking for proof of job creation?

 

[Abstraction1]

As expected, you ran away from the challenge. Let me address your delusions - when you come up with a claim, the onus is on you to prove it. It is not on others to disprove it, that is not how it works.

You claimed that PTI created 5.5 million jobs in 3 years. That is well and good, but if you are going to make such claims, then you should have data to support those claims.

If I claim that I am the strongest man in the world, the onus is on me to prove it by lifting more weight than the strongest man in the world. The onus is not on you to prove that I am not.

You quoted the 5.5 million jobs figure. Please provide an in-depth analysis. I repeat:

Please provide a breakdown of the 5.5 million jobs created by sector/industry.

I want a document where you have a column for each sector/industry and the total should add up to 5.5 million.

Below the table, I want a summary of the impact these 5.5 million jobs had on the unemployment rate, i.e. the difference between before and after.

What was the impact of these 5.5 million jobs on the economy, how many sub-jobs were created, i.e. how did these 5.5 million jobs help create additional jobs.

Furthermore, what was the turnover rate, how many people were fired/or resigned from these jobs, are these vacancies still open, what is the criteria for hiring them, what is the paying scale of these jobs.

Please don’t deflect this and beat around the bush. It is not rocket science - if you believe and agree that PTI created 5.5 million jobs in 3 years, then please provide comprehensive proof.

If you do not have proof and you do not have supporting material, then that means that you are a blind supporter who will believe anything that the fake messiah tell you and will not try to verify it. If that is how you want to be viewed then who am I to criticize it.

Please come up with the data that I asked for, if you cannot do that then please don’t bother quoting me.

I mean I was expecting an asinine response, but even by your standards this is poor.

You've openly acknowledged you did not read the long list of economic progress made my PTI that I shared.... Now you're asking for a detail report on "the impact these jobs had" ? I'm not going to go on a fishing expedition for you to put up more smoke and mirrors. The ball is in your court to acknowledge the points I've made as per my post in 292.

You said in post 287 that "Imran Khan failed in every single metric". So I offered you a plethora of evidence showing that was not the case.

And I admit I had a little chucked when you said "Don't deflect and best around the bush". Really [MENTION=131701]Mamoon[/MENTION], you shouldn't play that card.

As I said earlier, we are eagerly awaiting for you to address the economic progress that PTI made. Stop running [MENTION=131701]Mamoon[/MENTION]

 

[Bewal Express]

For the record Atif Mian resigned due to mullah pressure a movement that was backed by [MENTION=131701]Mamoon[/MENTION]'s favorite PML-N.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">1/ For the sake of the stability of the Government of Pakistan, I have resigned from the Economic Advisory Council, as the Government was facing a lot of adverse pressure regarding my appointment from the Mullahs (Muslim clerics) and their supporters.</p>— Atif Mian (@AtifRMian) <a href="https://twitter.com/AtifRMian/status/1038058613372321792?ref_src=twsrc%5Etfw">September 7, 2018</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

And if Atif Mian's opinion is considered the gold standard by some then ALL of his opinions need to considered. Such as:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">My take on how poor macro policies of Dar / PML-N lead to Pakistan’s currency woes <a href="https://t.co/KWWGyfaaFm">https://t.co/KWWGyfaaFm</a></p>— Atif Mian (@AtifRMian) <a href="https://twitter.com/AtifRMian/status/1023577537493041157?ref_src=twsrc%5Etfw">July 29, 2018</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Can't have your cake and eat it too

[MENTION=1269]Bewal Express[/MENTION]

As always his badniyaati comes back to bite him on the backside. This is a guy that said IK faked the economic crisis and here it is in black and white from the guy that he quotes. So [MENTION=131701]Mamoon[/MENTION] are you lying or is Atif Mian lying about the crisis in 2018.

 

[insurge]

Dr. Ahmed Jamal Pirzada wrote a good response to Dr. Atif Mian:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Partly agree and partly disagree. First the agreement part. PTI govt could not implement any meaningful reforms to improve productivity of economy. Broader policies were hijacked by technocratic & business elites: amnesty schemes, untargeted subsides & protectionist policies. <a href="https://t.co/D8voZ9OQAg">https://t.co/D8voZ9OQAg</a></p>— Ahmed Jamal Pirzada (@ajpirzada) <a href="https://twitter.com/ajpirzada/status/1513001837242339336?ref_src=twsrc%5Etfw">April 10, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Specifically:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Now where I disagree. If one is expecting the real income to increase when the economy is being hit by historic shocks one after the other, one is expecting a miracle: BoP crisis in 2018-19; Covid in 2020; and, international commodity price shock in 2021-22. <a href="https://t.co/GJ7GSBSUuG">pic.twitter.com/GJ7GSBSUuG</a></p>— Ahmed Jamal Pirzada (@ajpirzada) <a href="https://twitter.com/ajpirzada/status/1513001846020972545?ref_src=twsrc%5Etfw">April 10, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Before moving on, a passing remark on "energy-independence." There r three (?) large dams under construction after decades. That should count, no? This does not negate investment in other renewables. I am not an energy expert so will not get into this but still worth mentioning.</p>— Ahmed Jamal Pirzada (@ajpirzada) <a href="https://twitter.com/ajpirzada/status/1513001857551056903?ref_src=twsrc%5Etfw">April 10, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

The fact that PTI, while being in power for the first time and in a minority government during such turbulent times managed to not end up like SL like we were headed before is an achievement on its own. The fact there are positives (increase in exports, multiple dams under consctruction, etc) are cherries on top.

Minority governments are not historically known to implement large structural changes. But if given majority to any party, which party would you bet on to make any meaningful change?

Hint 1: 30 years of "corrupt but competent" rule has not shown any indication.

Hint 2: Only one party tried to hire the guy you are all quoting, until jahils in the country prevented them from doing so.

 

[Abstraction1]

As always his badniyaati comes back to bite him on the backside. This is a guy that said IK faked the economic crisis and here it is in black and white from the guy that he quotes. So [MENTION=131701]Mamoon[/MENTION] are you lying or is Atif Mian lying about the crisis in 2018.

Can't wait to see the mental gymnastics from [MENTION=131701]Mamoon[/MENTION] on this one

 

[Hermoine Green]

Can't wait to see the mental gymnastics from [MENTION=131701]Mamoon[/MENTION] on this one

He wont reply for another month

 

[Clueless]

Dawn journalist who openly support PDM can't deny the economic progress under PTI. Yet we have certain 'experts' who tell us otherwise.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Per capita in come in <a href="https://twitter.com/hashtag/Pakistan?src=hash&ref_src=twsrc%5Etfw">#Pakistan</a> rose to $1798 in 2021-22. In 2020-21 per capita income was around $1676<br>The size of GDP in 2021-22 rose to $383 billion</p>— Mubashir Zaidi (@Xadeejournalist) <a href="https://twitter.com/Xadeejournalist/status/1527566746328379392?ref_src=twsrc%5Etfw">May 20, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Where are they getting the stats from?

Pakistan GDP was US$ 314 billion in 2018 .. went down to US$ 262 Billion in 2020, as per World Bank.
Did Pakistan Magically earn Super EXPLOSIVE GDP growth rates of 20% for the last two years???
GDP per captia was US$1189 in 2020, so how on earth did it become US 1676 despite incredible fall in rupee??

Maybe WorldBank is also anti Imran Khan

To anyone who wants to bother about actual stats
https://data.worldbank.org/country/pakistan

PS: Pakistan's economic woes are caused by much more fundamental decay of systems rather than poltical leaders fighting for power.

 

[Clueless]

Dawn journalist who openly support PDM can't deny the economic progress under PTI. Yet we have certain 'experts' who tell us otherwise.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Per capita in come in <a href="https://twitter.com/hashtag/Pakistan?src=hash&ref_src=twsrc%5Etfw">#Pakistan</a> rose to $1798 in 2021-22. In 2020-21 per capita income was around $1676<br>The size of GDP in 2021-22 rose to $383 billion</p>— Mubashir Zaidi (@Xadeejournalist) <a href="https://twitter.com/Xadeejournalist/status/1527566746328379392?ref_src=twsrc%5Etfw">May 20, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

The expert telling otherwise might be the "World Bank data"

https://data.worldbank.org/country/pakistan