Pakistan's Current Account deficit discussion

[WebGuru]

KARACHI: The current account deficit, one of the two biggest challenges in Pakistan’s economy, has narrowed 29% to $12.68 billion in the first 11 months of outgoing fiscal year 2019 mainly due to contraction in imports and growth in remittance inflows.

The deficit stood at $17.92 billion in the same period of last year, the State Bank of Pakistan (SBP) reported on Wednesday.

Earlier in the week, SBP Governor Dr Reza Baqir said that the current account deficit has remained one of the two biggest challenges for the economy. However, it has contracted significantly due to successful implementation of economic plans by Pakistan’s economic team, he added.

“The drop in the deficit is seen due to a notable drop in imports and volumetric (not in value term) growth in exports…following the rupee depreciation against the US dollar,” he said at his first news conference on Monday.

He anticipated the deficit for the full fiscal year 2019 at $13 billion compared to a record high of $19 billion in the preceding fiscal year.

“Had the petroleum prices not hiked in international markets, the current account deficit would have dropped to $10 billion in FY19 instead of the estimated $13 billion,” he said. SBP Chief Economic Dr Saeed Ahmed, who was accompanying the governor, added that average oil price have increased by 12% to $70 per barrel during the outgoing fiscal year.

“If hike in oil prices had not taken place, then imports would have dropped further by an additional $2 billion and exports would have risen by an extra $1 billion,” he said.

Baqir said the drop in current account deficit was a combination of contraction in import of oil goods, which account for around one-fourth of the cumulative annual import bill, and non-oil goods. “The share of non-oil imports in contraction in the current account deficit stands at 30%,” he said.

The central bank data showed a major drop in imports in services sector, which decreased by 14% to $8.83 billion in the 11 months under question compared to $10.33 billion in the same period of last year. The import of goods fell 6% to $48.45 billion compared to $51.47 billion.

Secondly, remittances sent home by overseas Pakistanis increased 10% to $20.19 billion in 11-month period compared to $18.29 billion in the corresponding period of last year.

The growth in remittance inflows was seen after overseas Pakistani dispatched huge amounts to their families to cope with high inflation during Ramazan and Eid festival, said a banker at a state-owned bank.

However, exports failed to register growth in value terms despite the central bank letting the rupee depreciate by a massive 29%, or Rs35.47, to Rs156.96 to the US dollar since the beginning of fiscal year 2019. Exports dropped 2% to $22.34 billion in the first 11 months compared to $22.75 billion in the same period last year.

Deficit drops 47% in May

The current account deficit plunged to almost half at $1.09 billion in the single month of May 2019 compared to $2.06 billion in the same month last year.

The massive decrease was seen mainly due to 14% drop in import of goods to $4.43 billion and 28% growth in remittances to $2.31 billion in May compared to import of $5.17 billion and remittances of $1.80 billion in the same month last year, according to SBP.


Source: https://tribune.com.pk/story/1996041/2-current-account-deficit-shrinks-29-12-68b/

 

[WebGuru]

It's time to focus on increasing our exports and decrease imports further and to try to use local products until our economy is back on track.

We can't just keep using these remittances as oxygen for our economy it's time to find other ways of decreasing the deficit.

 

[TalentSpotterPk]

Poori tasweer dikhaya kero logoun ko.



When Miftah Ismail & PML N devalued rupee by 10 % Exports grew by 13 %



Post PML N government 36.5 % devaluation has taken place uptil today and what is its impact on exports ? 0.3 % decline.



So hardly 5.2 billion $ saved as a result of shrinkage of CAD to 29 %





Also update the nation about Imrani calculator. Under Imran Khan dollar has reached 157 from 128 and what Khan used to say to his followers ?


After achieving macroeconomic stability the next challenge was devaluation of rupee. It was need of the hour. Miftah Ismail did it and Imran Khan Niazi heavily criticised Miftah and PML N and was fuming.


Imran got his calculator out and said 1 rupee depreciation of Rupee vs Dollar increases Pakistan’s foreign debt by 100 billion rupees.


If we believe Imran Khan the Selected Prime Minister than in his tenure Pakistan’s foreign debt has increased by 2.1 trillion rupees due to rupee depreciation.



Net Result :


816 billion rupees saved by shrinkage of CAD and addition of 2100 billion rupees in foreign debt. Lolzzz.





This is why it has neither benefitted our economy nor people of Pakistan.





Note : It was PTI and Imran Khan who were promising a sharp increase in Exports due to currency devaluation resulting in massive boost to economy. While results are there for everyone to see.

 

[TalentSpotterPk]

And than they say use local products local products. Bhaee Local hai kya hamaray paas ??



When the state and those who run the state either directly or through katthputli’s or dictation are interested in funding aswell as booming religious fanatics using them as their tool than how will the country focus more into science and technology and spend more on it ?



If you need mobile phone what choices Pakistanis have ?

If you need a tv, fridge, car, any electronic either you import it or all its parts are imported and just assembled in Pakistan.



Aor Shireen Mazari sahiba ko cheese tak imported chahiye.





Ye lafzi janoon aor sermons kbi kaam naheen Aanay k local cheezein use kero. We need to boost our local industry. We need research and innovation. We need local products ie in real sense made in Pakistan things as alternatives. For this most important thing is not any political party but the State and State’s positioning.



Look no further than Bangladesh and how they are achieving Economic stability and booming.

 

[Mian]

It's beyond my imagination how are we going to pay back $27 billion debt in next 2 years? in this 7trillion rupee budget almost 3 trillion are just the interest we are going to pay on loans.

Shareef and Bhutto mafia destroyed our and our children future

 

[Mian]

I pray PanamaLeak sink Sharif ship forever we dont want this pseudo democracy : TalentSpotterPk

My signature is enough to show the credibility of this copy paster and his numbers.

 

[AdamM97]

And than they say use local products local products. Bhaee Local hai kya hamaray paas ??



When the state and those who run the state either directly or through katthputli’s or dictation are interested in funding aswell as booming religious fanatics using them as their tool than how will the country focus more into science and technology and spend more on it ?



If you need mobile phone what choices Pakistanis have ?

If you need a tv, fridge, car, any electronic either you import it or all its parts are imported and just assembled in Pakistan.



Aor Shireen Mazari sahiba ko cheese tak imported chahiye.





Ye lafzi janoon aor sermons kbi kaam naheen Aanay k local cheezein use kero. We need to boost our local industry. We need research and innovation. We need local products ie in real sense made in Pakistan things as alternatives. For this most important thing is not any political party but the State and State’s positioning.



Look no further than Bangladesh and how they are achieving Economic stability and booming.

Nice post but you failed to mention that we are in this mess because of PPP and PMLN. There's hardly PTI can do at this point, they inherited a mess.

 

[Bewal Express]

Nice post but you failed to mention that we are in this mess because of PPP and PMLN. There's hardly PTI can do at this point, they inherited a mess.

Dont mention that to the copy and paste king- he wants the people to believe the economic disaster left by the PPP and Nooras is the fault of the PTI.

 

[Bewal Express]

And than they say use local products local products. Bhaee Local hai kya hamaray paas ??



When the state and those who run the state either directly or through katthputli’s or dictation are interested in funding aswell as booming religious fanatics using them as their tool than how will the country focus more into science and technology and spend more on it ?



If you need mobile phone what choices Pakistanis have ?

If you need a tv, fridge, car, any electronic either you import it or all its parts are imported and just assembled in Pakistan.



Aor Shireen Mazari sahiba ko cheese tak imported chahiye.





Ye lafzi janoon aor sermons kbi kaam naheen Aanay k local cheezein use kero. We need to boost our local industry. We need research and innovation. We need local products ie in real sense made in Pakistan things as alternatives. For this most important thing is not any political party but the State and State’s positioning.



Look no further than Bangladesh and how they are achieving Economic stability and booming.

Who has been in power for the last 10 years? What did they do to increase exports? Why was the Rupee kept artificially low, who did it benefit most? Why did we need to go to the IMF, Why have senior Noora Ministers admitted that we needed to go the IMF? Their only complaint is that the PTI should have gone earlier! What a bunch of idiotic losers!!

 

[WebGuru]

Who has been in power for the last 10 years? What did they do to increase exports? Why was the Rupee kept artificially low, who did it benefit most? Why did we need to go to the IMF, Why have senior Noora Ministers admitted that we needed to go the IMF? Their only complaint is that the PTI should have gone earlier! What a bunch of idiotic losers!!

Miftah himself admitted devaluing policy of Munshi Dar and his govt was a recipe for disaster

 

[Bewal Express]

Miftah himself admitted devaluing policy of Munshi Dar and his govt was a recipe for disaster

You wont have the copy and paste start any threads on this. The Noora policy of hiding the true picture worked for them but it has disastrous consequences for PK!

 

[msaaim89]

I pray PanamaLeak sink Sharif ship forever we dont want this pseudo democracy : TalentSpotterPk

My signature is enough to show the credibility of this copy paster and his numbers.

His post are definitely copy and paste jobs - clear as daylight. Check the inconsistent para's / spacing.

 

[shaaik]

Slowly and steadily we are making some progress. this no doubt is going to be a painful transition but is all worth it ..

 

[DRsohail]

We will do better IA,,,,,,Under Imran all are not that bad.

 

[msaaim89]

Pakistani rupee has now passed 200 mark against British Pound.

 

[Hadi Rizvi]

Pakistani rupee has now passed 200 mark against British Pound.

Because that is our actual value.

Keeping Rupee artificially high has cost us big time.

 

[Abdullah719]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">1/2 Pakistan’s Current Account turned into a surplus of $13 mn May20 against a deficit of $530 mn in Apr20 and $1004 mn in May19. For details: <a href="https://t.co/fMcRUupmT2">https://t.co/fMcRUupmT2</a></p>— SBP (@StateBank_Pak) <a href="https://twitter.com/StateBank_Pak/status/1275696532130586624?ref_src=twsrc%5Etfw">June 24, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><blockquote class="twitter-tweet" data-conversation="none"><p lang="en" dir="ltr">2/2 On cumulative basis, the CAD has narrowed by 73.6 percent to $3.3 bn during Jul-May FY20 from $12.5 bn during the same period last year.</p>— SBP (@StateBank_Pak) <a href="https://twitter.com/StateBank_Pak/status/1275696535574065153?ref_src=twsrc%5Etfw">June 24, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[Savak]

Shouldn't the Covid 19 have further reduced the CAD deficit?

 

[Bewal Express]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">1/2 Pakistan’s Current Account turned into a surplus of $13 mn May20 against a deficit of $530 mn in Apr20 and $1004 mn in May19. For details: <a href="https://t.co/fMcRUupmT2">https://t.co/fMcRUupmT2</a></p>— SBP (@StateBank_Pak) <a href="https://twitter.com/StateBank_Pak/status/1275696532130586624?ref_src=twsrc%5Etfw">June 24, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><blockquote class="twitter-tweet" data-conversation="none"><p lang="en" dir="ltr">2/2 On cumulative basis, the CAD has narrowed by 73.6 percent to $3.3 bn during Jul-May FY20 from $12.5 bn during the same period last year.</p>— SBP (@StateBank_Pak) <a href="https://twitter.com/StateBank_Pak/status/1275696535574065153?ref_src=twsrc%5Etfw">June 24, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

This is a great start. Where are the supporters of the mafia today. I bet we dont see the losers on here.

 

[Bewal Express]

Shouldn't the Covid 19 have further reduced the CAD deficit?

It works both ways, the exports also get hit.

 

[Abdullah719]

Current account records surplus of $13m in May

KARACHI: The country’s current account balance recorded a surplus of $13 million in May 2020, as compared to the deficit of $1.004 billion recorded in May 2019, according to data released by the State Bank of Pakistan on Wednesday.

This is the first time a surplus has been recorded since October 2019, when the current account surplus stood at $73 million.

Most of this was driven by the decline in total imports, which fell 41pc year-on-year to $2.274 billion.

However, total exports of goods also fell 40pc year-on-year to $1.129 billion in May 2020, while there was a 19pc fall in the inflow of workers’ remittances, which were recorded at $429 million.

The current account deficit stood at $3.288 billion during the first eleven months of fiscal year 2020, a decline of 74pc when compared to the $12.453 billion deficit recorded in the corresponding period last year.

During the first eleven months of the fiscal year 2020, the total deficit in goods and services balance stood at $20.6 billion, a decline of 31pc from the deficit of $30 billion recorded in the corresponding period of last year.

https://profit.pakistantoday.com.pk/2020/06/25/current-account-records-surplus-of-13m-in-may/

 

[Savak]

It works both ways, the exports also get hit.

Our exports were lagging behind significantly compared to the imports. If imports have taken a bigger hit than exports, it should work in favor of the govt. Lol, that import bill of $60 billion should have been sent to PML N and PPP.

 

[finalfantasy7]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">1/2 Pakistan’s Current Account turned into a surplus of $13 mn May20 against a deficit of $530 mn in Apr20 and $1004 mn in May19. For details: <a href="https://t.co/fMcRUupmT2">https://t.co/fMcRUupmT2</a></p>— SBP (@StateBank_Pak) <a href="https://twitter.com/StateBank_Pak/status/1275696532130586624?ref_src=twsrc%5Etfw">June 24, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><blockquote class="twitter-tweet" data-conversation="none"><p lang="en" dir="ltr">2/2 On cumulative basis, the CAD has narrowed by 73.6 percent to $3.3 bn during Jul-May FY20 from $12.5 bn during the same period last year.</p>— SBP (@StateBank_Pak) <a href="https://twitter.com/StateBank_Pak/status/1275696535574065153?ref_src=twsrc%5Etfw">June 24, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

break this down for me - dont understand it at all, is it bad?

 

[Bewal Express]

break this down for me - dont understand it at all, is it bad?

Each year PK was buying goods and services of around $20bn more than it was exporting. The difference could only be made up with more borrowing, this shows that in the period mentioned we were effectively breaking even. The issue has become a structural one, although we are importing less, due in part to lower oil prices, taxes on luxuries and the fact that the devalued Rps has increased the price of imports, we have, with the overvalued Rps for many years destroyed our local industry. This is temporary respite, unless Exports are increased because oil prices will rise again. So to cut a long story short- good news but the long term structural problems left by the crooks remain.

 

[finalfantasy7]

Each year PK was buying goods and services of around $20bn more than it was exporting. The difference could only be made up with more borrowing, this shows that in the period mentioned we were effectively breaking even. The issue has become a structural one, although we are importing less, due in part to lower oil prices, taxes on luxuries and the fact that the devalued Rps has increased the price of imports, we have, with the overvalued Rps for many years destroyed our local industry. This is temporary respite, unless Exports are increased because oil prices will rise again. So to cut a long story short- good news but the long term structural problems left by the crooks remain.

got it, yet what i dont understand is that why hasnt IK invested in those industries to support the export trade, give grants / loans to the medium/smaller business- so they can become bigger and / employ more people - focus on exporting to countries like the U.K / US. try tohit france / italy - known for cotton clothes

Thr was a time here in the uk- back in 1970-1990 - a well known clothes shop called marks and Spencer - best uk brand - sourced it cotton from pakistan- best quality shop in the uk back in that era.

 

[Thunderbolt14]

got it, yet what i dont understand is that why hasnt IK invested in those industries to support the export trade, give grants / loans to the medium/smaller business- so they can become bigger and / employ more people - focus on exporting to countries like the U.K / US. try tohit france / italy - known for cotton clothes

Thr was a time here in the uk- back in 1970-1990 - a well known clothes shop called marks and Spencer - best uk brand - sourced it cotton from pakistan- best quality shop in the uk back in that era.

Once you lose a customer, it’s hard to win them back. Marks and Spencer probably sources its cotton from Bangladesh now.

 

[Mamoon]

You can talk to PTI supporters about the weather and they will respond by diverting the topic to “current account”.

It is said that Hammad Azhar talks in his sleep and the only word he says is “current account”.

is current account ki ratt ne bera ghark kardiya hai mulk ka

PTI supporters think running an economy is like handling the finances of a country, and perhaps that is why they give the reigns to Engro champion Asad Umar and we saw how that ended.

Making current account look good by stopping imports is not difficult. The challenge is to boost export industry, and looks excuses are ready already.

is hakoomat ka na sarr hai na pair.

 

[Bewal Express]

got it, yet what i dont understand is that why hasnt IK invested in those industries to support the export trade, give grants / loans to the medium/smaller business- so they can become bigger and / employ more people - focus on exporting to countries like the U.K / US. try tohit france / italy - known for cotton clothes

Thr was a time here in the uk- back in 1970-1990 - a well known clothes shop called marks and Spencer - best uk brand - sourced it cotton from pakistan- best quality shop in the uk back in that era.

The brutal truth is that outside textiles and agriculture, we have little to offer the world and even the Textiles industry has moved to BD. IK doesn't have a magic wand and in the short term at least we will chug along without any significant improvements because the damage done over a decade has left deep problems.
IK has made a start but he isn't a businessman and ultimately, it's good businesses and businessman that will do the exporting, IK can only create the environment for them to do it. The other problem is that many of our businessman are corrupt and launder the money that comes from exports.

 

[Abdullah719]

You can talk to PTI supporters about the weather and they will respond by diverting the topic to “current account”.

It is said that Hammad Azhar talks in his sleep and the only word he says is “current account”.

is current account ki ratt ne bera ghark kardiya hai mulk ka

PTI supporters think running an economy is like handling the finances of a country, and perhaps that is why they give the reigns to Engro champion Asad Umar and we saw how that ended.

Making current account look good by stopping imports is not difficult. The challenge is to boost export industry, and looks excuses are ready already.

is hakoomat ka na sarr hai na pair.

View attachment 101711

I think you have the wrong graph...

https://tradingeconomics.com/pakistan/exports

 

[Abdullah719]

I wonder under which govt. the exports declined...

Which govt. was it that came in power and left the exports at a lower level than when they took over?

<img src="https://i.imgur.com/CfRNdJq.png" width="500">

 

[finalfantasy7]

Once you lose a customer, it’s hard to win them back. Marks and Spencer probably sources its cotton from Bangladesh now.

it does, and since around 1998 its gone down hill really badly - big debts, thr customers are all pensioners now.

I've noticed a clothes company called next here in uk stocking cotton clothes from pakistan, next are very big here, one of the biggest clothing retail store.

Also you have to remember - when IK visited London last time - discussion was about the UK importing more goods from Pakistan -especially cotton

 

[Thunderbolt14]

it does, and since around 1998 its gone down hill really badly - big debts, thr customers are all pensioners now.

I've noticed a clothes company called next here in uk stocking cotton clothes from pakistan, next are very big here, one of the biggest clothing retail store.

Also you have to remember - when IK visited London last time - discussion was about the UK importing more goods from Pakistan -especially cotton

So you think Pakistani cotton is of higher quality? I’m not very familiar with the cotton industry but I’ve heard Bangladeshi cotton is good and I probably wear some too.

And definitely it would be good to see cotton exports increasing and Pakistan making a move back into the industry.

I read somewhere that one of the issues is inefficient methods in Pakistani farming which leads to water wastage and less cotton output per acre, something along these lines.

Maybe someone else here can inform better

 

[Bewal Express]

So you think Pakistani cotton is of higher quality? I’m not very familiar with the cotton industry but I’ve heard Bangladeshi cotton is good and I probably wear some too.

And definitely it would be good to see cotton exports increasing and Pakistan making a move back into the industry.

I read somewhere that one of the issues is inefficient methods in Pakistani farming which leads to water wastage and less cotton output per acre, something along these lines.

Maybe someone else here can inform better

It has been reported by many that We grow sugar cane in Southern Punjab, when it is inefficient both economically and environmentally-its uneconomic because it costs too much relative to international prices and it requires an inordinate amount of water, water that we are short of. Its said by many that the area is a much better fit for cotton and because the Sugar mafia controls the govt machinery through politicians in all parties, most of whom are billionaires we grow Sugar.

 

[finalfantasy7]

So you think Pakistani cotton is of higher quality? I’m not very familiar with the cotton industry but I’ve heard Bangladeshi cotton is good and I probably wear some too.

And definitely it would be good to see cotton exports increasing and Pakistan making a move back into the industry.

I read somewhere that one of the issues is inefficient methods in Pakistani farming which leads to water wastage and less cotton output per acre, something along these lines.

Maybe someone else here can inform better

pakistan cotton is very good, i have many bengali friends and when i look at thr desi clothes - very poor quality- really cheap and torns easily.
My mum used to make desi clothes here in uk from home - she has a professional massive sewing machine in her bedroom- all indians / mir puri/ bengali used to come to her- due to pakistan cotton was far better

 

[Savak]

I wonder under which govt. the exports declined...

Which govt. was it that came in power and left the exports at a lower level than when they took over?

<img src="https://i.imgur.com/CfRNdJq.png" width="500">

Lol all under the brilliant businessman Ganja

 

[passionatelypakistani]

The brutal truth is that outside textiles and agriculture, we have little to offer the world and even the Textiles industry has moved to BD. IK doesn't have a magic wand and in the short term at least we will chug along without any significant improvements because the damage done over a decade has left deep problems.
IK has made a start but he isn't a businessman and ultimately, it's good businesses and businessman that will do the exporting, IK can only create the environment for them to do it. The other problem is that many of our businessman are corrupt and launder the money that comes from exports.

So what I'm hearing is, Nawaz and Zardari bad, Imran can't reverse their damage. Also, this government hasn't exactly made it easy for businesses over the last 2 years. We have a thoroughly incompetent leader and administration if the Prime Minister and his cabinet cannot do anything about 'corrupt businessmen'.

 

[Savak]

So what I'm hearing is, Nawaz and Zardari bad, Imran can't reverse their damage. Also, this government hasn't exactly made it easy for businesses over the last 2 years. We have a thoroughly incompetent leader and administration if the Prime Minister and his cabinet cannot do anything about 'corrupt businessmen'.

Or maybe reversing the damage will take a very long sustained time something for which the people do not have the patience and stomach for

 

[Mamoon]

So what I'm hearing is, Nawaz and Zardari bad, Imran can't reverse their damage. Also, this government hasn't exactly made it easy for businesses over the last 2 years. We have a thoroughly incompetent leader and administration if the Prime Minister and his cabinet cannot do anything about 'corrupt businessmen'.

Accurate summary.

I will only make two amendments:

Imran can’t reverse their damage in spite of making tall claims and doing “‘me me me” for 20+ years....

The Prime Minister and his cabinet cannot do anything about ‘corrupt businessmen’ and ‘mafias’ because they are part of the cabinet themselves.

Every few months, PTI talks about a new ‘mafia’ but then it is revealed that the key players of the mafia are sitting right next to Imran Khan.

Imran Khan himself won votes by having his election campaign financed by sugar mafia leader Jahangir Tareen.

This tabdeeli and Naya Pakistan is the greatest scam this country has seen in its political history.

So much hype and big talk but not thing to show for except hypocrisy and double-standards.

 

[Mamoon]

Or maybe reversing the damage will take a very long sustained time something for which the people do not have the patience and stomach for

How long? Can we get a rough estimate? 5 years, 10 years, 20 years?

It is funny how PTI and their supporters want everything done at their convenience. They make vague statements about how it will take time to reverse the damage done by the previous governments, but they don’t have the guts to give an estimate time.

The strategy is simple: if they fail to bring the change that they promised even after 20 years, they will absolve themselves from all the blame and say that well we tried hard and our ‘niyaat was saaf’ but the mess was too big to reverse.

And if they do manage to bring real change at some point, they will take all the credit.

PTI have cleverly positioned themselves in such a way that they take all the credit but do not shoulder any blame.

Unfortunately for them, after 2 years, the country is waking up to their tactics and they no longer have the patience to listen to their wailing about the previous governments.

The rona dhona about PMLN and PPP is not acceptable anymore and people demand performance and results which PTI promised and which PTI have not been able to show so far.

These days, PTI ministers have memorized a new line: “Rome was not built in a day”.

That is right, but Rome was not built by the type of street urchins that Imran has unleashed on the nation under the banner of tabdeeli.

These incompetent failures cannot build their Rome in 50 years. If they stay in power till 2050, they will still be crying about the “mess” left by PMLN and PPP.

 

[King-Misbah]

How long? Can we get a rough estimate? 5 years, 10 years, 20 years?

It is funny how PTI and their supporters want everything done at their convenience. They make vague statements about how it will take time to reverse the damage done by the previous governments, but they don’t have the guts to give an estimate time.

The strategy is simple: if they fail to bring the change that they promised even after 20 years, they will absolve themselves from all the blame and say that well we tried hard and our ‘niyaat was saaf’ but the mess was too big to reverse.

And if they do manage to bring real change at some point, they will take all the credit.

PTI have cleverly positioned themselves in such a way that they take all the credit but do not shoulder any blame.

Unfortunately for them, after 2 years, the country is waking up to their tactics and they no longer have the patience to listen to their wailing about the previous governments.

The rona dhona about PMLN and PPP is not acceptable anymore and people demand performance and results which PTI promised and which PTI have not been able to show so far.

These days, PTI ministers have memorized a new line: “Rome was not built in a day”.

That is right, but Rome was not built by the type of street urchins that Imran has unleashed on the nation under the banner of tabdeeli.

These incompetent failures cannot build their Rome in 50 years. If they stay in power till 2050, they will still be crying about the “mess” left by PMLN and PPP.

Simple question: Was there a mess left by PPP and PMLN?

 

[Bewal Express]

So what I'm hearing is, Nawaz and Zardari bad, Imran can't reverse their damage. Also, this government hasn't exactly made it easy for businesses over the last 2 years. We have a thoroughly incompetent leader and administration if the Prime Minister and his cabinet cannot do anything about 'corrupt businessmen'.

IK can't reverse years of damage with a wand, it takes time and you need to create the platform with a competitive exchange rate, he has done that. So you stick the crooks that caused the damage. That really makes sense.

 

[Bewal Express]

How long? Can we get a rough estimate? 5 years, 10 years, 20 years?

It is funny how PTI and their supporters want everything done at their convenience. They make vague statements about how it will take time to reverse the damage done by the previous governments, but they don’t have the guts to give an estimate time.

The strategy is simple: if they fail to bring the change that they promised even after 20 years, they will absolve themselves from all the blame and say that well we tried hard and our ‘niyaat was saaf’ but the mess was too big to reverse.

And if they do manage to bring real change at some point, they will take all the credit.

PTI have cleverly positioned themselves in such a way that they take all the credit but do not shoulder any blame.

Unfortunately for them, after 2 years, the country is waking up to their tactics and they no longer have the patience to listen to their wailing about the previous governments.

The rona dhona about PMLN and PPP is not acceptable anymore and people demand performance and results which PTI promised and which PTI have not been able to show so far.

These days, PTI ministers have memorized a new line: “Rome was not built in a day”.

That is right, but Rome was not built by the type of street urchins that Imran has unleashed on the nation under the banner of tabdeeli.

These incompetent failures cannot build their Rome in 50 years. If they stay in power till 2050, they will still be crying about the “mess” left by PMLN and PPP.

It's funny how you are asking how long, if only you had some basic knowledge and asked your mafia friends, why, when they were doing long term structural damage. You quote figures which you don't understand because you see them on Geo or on a Noora media cell and they make losers believe them.

There is a saying that it takes a few seconds to cut down a tree, but it takes years for it to grow. I will let you figure it.

 

[Mamoon]

Simple question: Was there a mess left by PPP and PMLN?

PPP failed because Zardari was and is a terrible leader. He is a mediocre person with no leadership qualities. However, Bilawal has potential but he needs to step out of his father’s shadow.

PMLN were doing a very good job until 2016 but his critical mistake was that he tried to keep the military away from CPEC contracts. This is when the establishment decided to move him on, and the Panama Leaks proved to be a very convenient pretext.

The chaos during 2017-2018 undid the good work PMLN did in the first half of their tenure.

Then in 2018, the COVID-18 pandemic hit Pakistan - the tabdeeli virus is far more lethal than COVID-19 and it is taking Pakistan towards its ruin.

This government is only making things worse and if they are not taken out of their misery soon, the damage done might be irreversible.

They don’t have any achievable ideas or a working, practical mandate. They are only good at fooling the public with lofty claims or doing rona dhona over the previous governments.

It is clear after 2 years (and 7 years in KP) that they are out of their depth and cannot bring the change that they promised.

They have been part of KP since 2013 and we have not seen any tabdeeli. Same will be the case at the federal level.

 

[Bewal Express]

PPP failed because Zardari was and is a terrible leader. He is a mediocre person with no leadership qualities. However, Bilawal has potential but he needs to step out of his father’s shadow.

PMLN were doing a very good job until 2016 but his critical mistake was that he tried to keep the military away from CPEC contracts. This is when the establishment decided to move him on, and the Panama Leaks proved to be a very convenient pretext.

The chaos during 2017-2018 undid the good work PMLN did in the first half of their tenure.

Then in 2018, the COVID-18 pandemic hit Pakistan - the tabdeeli virus is far more lethal than COVID-19 and it is taking Pakistan towards its ruin.

This government is only making things worse and if they are not taken out of their misery soon, the damage done might be irreversible.

They don’t have any achievable ideas or a working, practical mandate. They are only good at fooling the public with lofty claims or doing rona dhona over the previous governments.

It is clear after 2 years (and 7 years in KP) that they are out of their depth and cannot bring the change that they promised.

They have been part of KP since 2013 and we have not seen any tabdeeli. Same will be the case at the federal level.

Billo ordered the killing of a journalist, and you still think he has leadership potential?

 

[Mamoon]

It's funny how you are asking how long, if only you had some basic knowledge and asked your mafia friends, why, when they were doing long term structural damage. You quote figures which you don't understand because you see them on Geo or on a Noora media cell and they make losers believe them.

There is a saying that it takes a few seconds to cut down a tree, but it takes years for it to grow. I will let you figure it.

The country is no longer interested in listening to the wailing over the performance of the previous governments. They have had enough of the rona dhona.

That is why Imran gave his cabinet an ultimatum of 6 months because he has seen the writing on the wall. PTI cannot spend these 5 years telling people that they inherited a mess.

People supported them because they believe(d) that PTI is capable of bringing that tabdeeli that they promised. So far we have not seen any practical tabdeeli, and if things do not pick in 6 months which would be half-time for this government, things could unravel pretty quickly.

The nation no longer wants to hear the “it will take time” crap. The vagueness shows that PTI themselves have no clue. Give us an estimate if you have faith in your leadership.

However, we all know that nothing is going to happen. The results of KP are in front of us. 7 years of so-called tabdeeli and the end result is nothing but a load of rubbish.

 

[Mamoon]

Billo ordered the killing of a journalist, and you still think he has leadership potential?

Enough of these accusations and rona dhona. Even if Bilawal killed a journalist, your leadership cannot do jack. They couldn’t even keep Nawaz behind the bars who was convicted by the courts.

Besides, there is no shortage of murderers in PTI.

The time for accusations, airing dirty laundry and mud slinging is long gone. It is time to deliver now. If PTI thought they could spend 5 years by crying about PMLN/PPP and bringing forth charges of corruption and homicide against other parties, they thought wrong.

PTI is testing the patience of the selectors. Within the establishment, several generals are realizing that backing PTI was a mistake, because the level of incompetence and stupidly that this government has shown is unprecedented.

The military have already taken control of strategic and foreign affairs, but this government cannot even handle administrative matters.

This pandemic is the final nail in the tabdeeli coffin. Daddy Bajwa and company do not have the time to take charge of the fight against COVID, but this headless government is forcing their hand.

This 6 month ultimatum has actually not come from Imran to the ministers, it has actually come from Daddy to Imran.

 

[Waseem]

IK can't reverse years of damage with a wand, it takes time and you need to create the platform with a competitive exchange rate, he has done that. So you stick the crooks that caused the damage. That really makes sense.

You know the most comical & tragic thing (at the same time) is just because IK hasn't been able to fix the enormous damage caused by the crooks Nawaz & Zardari, solution is to go back to them again in hope they have grown a bit of brain at this age or their next generations are less dumb.

I think Imran Khan worked so hard for 2 years to bring us to a position where he could launch it slowly this year but lot more strongly next 2 years but in came Corona and destroyed everything he did
This CAD is being taken so lightly as if it makes no difference and obviously declined growth is used as proof this policy hasn't worked. What was PMLN's growth good for when clearly the exports had actually gone down in their tenure?

 

[Bewal Express]

The country is no longer interested in listening to the wailing over the performance of the previous governments. They have had enough of the rona dhona.

That is why Imran gave his cabinet an ultimatum of 6 months because he has seen the writing on the wall. PTI cannot spend these 5 years telling people that they inherited a mess.

People supported them because they believe(d) that PTI is capable of bringing that tabdeeli that they promised. So far we have not seen any practical tabdeeli, and if things do not pick in 6 months which would be half-time for this government, things could unravel pretty quickly.

The nation no longer wants to hear the “it will take time” crap. The vagueness shows that PTI themselves have no clue. Give us an estimate if you have faith in your leadership.

However, we all know that nothing is going to happen. The results of KP are in front of us. 7 years of so-called tabdeeli and the end result is nothing but a load of rubbish.

The only person doing rona dona is you, The mafia parties will be history, there is relaunch of Billo every day and Nani Ji is even more confused with fonts than Billo is with his preferences.
You have no idea and I mean no idea what they did economically, they borrowed trillions and left the bankrupt, and it takes years to sort out. But the Kaptaan has taken the tough decisions, your crooks are either ill, killing journalists or have run off.
The word you are looking for is called sustainable growth, and it takes time. If the crooks had 30 years to create the mess, then it will take years to clear it up.

 

[Bewal Express]

You know the most comical & tragic thing (at the same time) is just because IK hasn't been able to fix the enormous damage caused by the crooks Nawaz & Zardari, solution is to go back to them again in hope they have grown a bit of brain at this age or their next generations are less dumb.

I think Imran Khan worked so hard for 2 years to bring us to a position where he could launch it slowly this year but lot more strongly next 2 years but in came Corona and destroyed everything he did
This CAD is being taken so lightly as if it makes no difference and obviously declined growth is used as proof this policy hasn't worked. What was PMLN's growth good for when clearly the exports had actually gone down in their tenure?

You have these idiots with no idea what they are talking about. It takes years to undue the bankruptcy left behind and the Kaptaan has sacrificed alot politically to bring stability. Apparently The CAD is funny to some guys [MENTION=131701]Mamoon[/MENTION].

 

[Mamoon]

Failures always need excuses to justify themselves.

Apparently, Khan saab was going to “launch” the country as a tiger force this year but COVID ruined the grand plan.

If it wasn’t for COVID we would have had some other excuse.

Luckily this is a pandemic, otherwise this outbreak would have been blamed on PMLN and how it was manufactured in a lab in Raiwind to derail the PTI government.

 

[Mamoon]

The only person doing rona dona is you, The mafia parties will be history, there is relaunch of Billo every day and Nani Ji is even more confused with fonts than Billo is with his preferences.
You have no idea and I mean no idea what they did economically, they borrowed trillions and left the bankrupt, and it takes years to sort out. But the Kaptaan has taken the tough decisions, your crooks are either ill, killing journalists or have run off.
The word you are looking for is called sustainable growth, and it takes time. If the crooks had 30 years to create the mess, then it will take years to clear it up.

How many years?

 

[Mamoon]

PTI finds a new “mafia” every 3 months but then we find out that the key players of this “mafia” are sitting right next to Imran Khan.

 

[Bewal Express]

Enough of these accusations and rona dhona. Even if Bilawal killed a journalist, your leadership cannot do jack. They couldn’t even keep Nawaz behind the bars who was convicted by the courts.

Besides, there is no shortage of murderers in PTI.

The time for accusations, airing dirty laundry and mud slinging is long gone. It is time to deliver now. If PTI thought they could spend 5 years by crying about PMLN/PPP and bringing forth charges of corruption and homicide against other parties, they thought wrong.

PTI is testing the patience of the selectors. Within the establishment, several generals are realizing that backing PTI was a mistake, because the level of incompetence and stupidly that this government has shown is unprecedented.

The military have already taken control of strategic and foreign affairs, but this government cannot even handle administrative matters.

This pandemic is the final nail in the tabdeeli coffin. Daddy Bajwa and company do not have the time to take charge of the fight against COVID, but this headless government is forcing their hand.

This 6 month ultimatum has actually not come from Imran to the ministers, it has actually come from Daddy to Imran.

I know, knowing any laws is beyond your understanding, we saw that with your assertion on NS and AZ bails. Billo killed a journalist, under the 18th the Sindh Police are responsible for the investigation, they called it a suicide until the public outcry caused the corrupt haraamis to back track.
This shows your immoral degeneracy, you have not even condemned the murder, and you have the nerve to call out IK and the PTI.
Remember Billo, like all the crooks that you follow will fail. I bet the crooks are dreading your support, it's like the kiss of death. What do NS, AZ, SS, Maryam and Billo have in common? Jail, Jail, Jail, Jail and soon to be jailed.

 

[Mamoon]

The “crooks” go to jail and then come out and chill in London because Imran cannot keep them in jail.

 

[Bewal Express]

How many years?

If I could predict that, I wouldn't be sitting on a forum, debating a guy that has about as knowledge of economics as Robert Mugabe, I would be the Head economist at Goldman Sachs.
Read my posts to see the conditions needed for sustainable growth because they are not a secret.

 

[Bewal Express]

The “crooks” go to jail and then come out and chill in London because Imran cannot keep them in jail.

Who gives bails?

 

[Bewal Express]

PTI finds a new “mafia” every 3 months but then we find out that the key players of this “mafia” are sitting right next to Imran Khan.

Are you denying that PK doesn't have these mafias?

 

[Bewal Express]

Failures always need excuses to justify themselves.

Apparently, Khan saab was going to “launch” the country as a tiger force this year but COVID ruined the grand plan.

If it wasn’t for COVID we would have had some other excuse.

Luckily this is a pandemic, otherwise this outbreak would have been blamed on PMLN and how it was manufactured in a lab in Raiwind to derail the PTI government.

As you found CAD funny, tell me how the huge trade was going to be funded. Let's hear the solution that Kaptaan didn't try and the Nooras would have found to clear up their own mess.

 

[Mamoon]

If I could predict that, I wouldn't be sitting on a forum, debating a guy that has about as knowledge of economics as Robert Mugabe, I would be the Head economist at Goldman Sachs.
Read my posts to see the conditions needed for sustainable growth because they are not a secret.

So you don’t have the courage to give me a rough estimate and have predictability resorted for aye baye shaye.

I thought so.

See that is the problem with PTI. They don’t have any faith in themselves which is why they talk in vague terms.

If they had any clue or any idea, they would at least give a rough estimate, but they have resorted to the tactic that I mentioned above.

They want things to be done at their convenience and do not have to commit themselves by giving a rough estimate because then they will be held accountable later.

So they want the country to give them as much time as PTI wants so that they take all the credit and do not have to shoulder any of the blame.

If the turn things around in 5 years they will blow their trumpet and say that we have done a splendid job.

If they fail after 20 years they will still abuse the previous governments and claim that we tried hard but the mess was too much to overturn.

This facade is no longer acceptable to the nation and that is why they are demanding results. There is a reason why PTI is panicking - the public is no longer interested in their game.

 

[Mamoon]

Are you denying that PK doesn't have these mafias?

Nope, but the problem is that these mafias are Imran’s buddies and he has benefited from their lootmar when it suited him.

Hence, he has no credibility and is not in a position to deal with them. These mafias did not invest in Imran only for him to go against them later.

Imran thinks these mafias are fools and will fall for his deception but he is the only one acting foolishly and naively.

 

[Mamoon]

As you found CAD funny, tell me how the huge trade was going to be funded. Let's hear the solution that Kaptaan didn't try and the Nooras would have found to clear up their own mess.

What did Imran try?

He first hired the Engro champion Asad Umar who proved to be a joke and had to be kicked out in less than a year.

He then proceeded to bring Hafeez Sheikh who was either complicit in PPP corruption or was so clueless that PPP did corruption under his nose and he didn’t have a clue.

Is this what you call “trying”?

 

[Thunderbolt14]

So what I'm hearing is, Nawaz and Zardari bad, Imran can't reverse their damage. Also, this government hasn't exactly made it easy for businesses over the last 2 years. We have a thoroughly incompetent leader and administration if the Prime Minister and his cabinet cannot do anything about 'corrupt businessmen'.

Ease of doing business index has jumped dramatically in the last two years.

There are also excellent loan programs for aspiring entrepreneurs in the Kamyab Jawan initiative.

 

[Bewal Express]

What did Imran try?

He first hired the Engro champion Asad Umar who proved to be a joke and had to be kicked out in less than a year.

He then proceeded to bring Hafeez Sheikh who was either complicit in PPP corruption or was so clueless that PPP did corruption under his nose and he didn’t have a clue.

Is this what you call “trying”?

I hope I don't get too technical for you. As with all solving any problem, you have to acknowledge that there is a problem. You Nooras overvalued the exchange rate, which the likes( higher income groups) of you got a subsidy from because all imports were around 30% cheaper than they should. This allowed them to keep imports high, which is one of the reasons that economic growth was higher under them, and inflation artificially low. This short term, unsustainable solution worked because losers that don't understand point to it as Nooranomics being a success, but this came at great cost, firstly, to keep the Rp overvalued cost literally billions of Dollars, dollars we never had and had to borrow, something like $6bn. The 2nd problem was that it has destroyed local industry as imports got an effective subsidy of 30%, and exports were penalised to the same amount.
So what did IK do? He let the exchange rate float, no artificial fixing, imports became more expensive and exports became cheaper, but as the problem has become structural with the decade of incompetence ie we don't have the Industry to take advantage, it will take time. He has made ease of doing business a priority and international surveys show this to be the case. There is no magic wand to solve idiotic, unsustainable economic policies.

 

[Mamoon]

I hope I don't get too technical for you. As with all solving any problem, you have to acknowledge that there is a problem. You Nooras overvalued the exchange rate, which the likes( higher income groups) of you got a subsidy from because all imports were around 30% cheaper than they should. This allowed them to keep imports high, which is one of the reasons that economic growth was higher under them, and inflation artificially low. This short term, unsustainable solution worked because losers that don't understand point to it as Nooranomics being a success, but this came at great cost, firstly, to keep the Rp overvalued cost literally billions of Dollars, dollars we never had and had to borrow, something like $6bn. The 2nd problem was that it has destroyed local industry as imports got an effective subsidy of 30%, and exports were penalised to the same amount.
So what did IK do? He let the exchange rate float, no artificial fixing, imports became more expensive and exports became cheaper, but as the problem has become structural with the decade of incompetence ie we don't have the Industry to take advantage, it will take time. He has made ease of doing business a priority and international surveys show this to be the case. There is no magic wand to solve idiotic, unsustainable economic policies.

Please.

We have heard this incoherent rambling for 2 years now. Show results.

Come out of the vagueness of “it will take time”. That doesn’t mean anything.

The nation is done with PTI’s vague statements that only serve to shield them from accountability and guilt.

As far as the “policies” are concerned, boost exports to a noticeable level and then we can talk.

No point shutting down imports when you cannot produce jack. The only thing we have seen in the last 2 years is that the standard of living has dropped across the board. The rich, the poor and the ones in the middle - every social class is worse off now than they were 2-3 years ago.

The poor people who could barely afford 3 meals can now barely manage 1.

The rich people who could buy cars for 25 lakh rupees cannot buy them now because those cars have almost doubled in price.

So regardless of which social class you belong to, you are worse off now.

If only the rich would have suffered, it would not have been a problem because that would have meant that the standard of living of the poor is improving.

Unfortunately, the poor is also getting poorer.

The biggest “structural problem” is the fact that our military has a business empire worth billions, and as long as we cannot get them out of the economy, we will not be able to modernize our exports.

Since this government is handicapped by structural problems, it should have realized this first before making tall claims and having their cult-followers dance on the streets.

And if you think they have a solution to these structural problems, have some courage and give us a rough estimate instead of the “it will take time”.

 

[Bewal Express]

Please.

We have heard this incoherent rambling for 2 years now. Show results.

Come out of the vagueness of “it will take time”. That doesn’t mean anything.

The nation is done with PTI’s vague statements that only serve to shield them from accountability and guilt.

As far as the “policies” are concerned, boost exports to a noticeable level and then we can talk.

No point shutting down imports when you cannot produce jack. The only thing we have seen in the last 2 years is that the standard of living has dropped across the board. The rich, the poor and the ones in the middle - every social class is worse off now than they were 2-3 years ago.

The poor people who could barely afford 3 meals can now barely manage 1.

The rich people who could buy cars for 25 lakh rupees cannot buy them now because those cars have almost doubled in price.

So regardless of which social class you belong to, you are worse off now.

If only the rich would have suffered, it would not have been a problem because that would have meant that the standard of living of the poor is improving.

Unfortunately, the poor is also getting poorer.

The biggest “structural problem” is the fact that our military has a business empire worth billions, and as long as we cannot get them out of the economy, we will not be able to modernize our exports.

Since this government is handicapped by structural problems, it should have realized this first before making tall claims and having their cult-followers dance on the streets.

And if you think they have a solution to these structural problems, have some courage and give us a rough estimate instead of the “it will take time”.

You reply is stupid on so many levels thats in embaassing replying to it. I am not here to teach you, I dont get paid by the forum.
If you want to challenge the policy then let's hear your or Noora media cell ideas. I love the gem about not shutting down imports because we don't have any industry. Well maybe you can tell us how you to intend to pay for them. Lol

 

[KB]

The brutal truth is that outside textiles and agriculture, we have little to offer the world

Looking at the figures by following the link on the tweet from the State Bank of Pakistan (post #23), there is another export of significance: labour. If I am interpreting the figures correctly, remittances were over 70% of exports (goods and services) in FY19 and nearly 80% in FY20. 'Manpower' exports might be considered the single most important export of Pakistan in terms of foreign exchange earnings.

and even the Textiles industry has moved to BD

Pakistan’s exports of textiles are predominantly in the low cost and low quality cotton fabrics market.

For a useful graph showing that higher export earnings derive from sale of ready made garments but that most of Pakistan’s production is in the lower end cotton cloth segment, see:



This image was from the Express Tribune in 2013.

 

[Gharib Aadmi]

As frustrating as it might be to hear for some, but Imran Khan will stay Prime Minister until 2023. He is not going anywhere.

 

[Bewal Express]

[MENTION=131701]Mamoon[/MENTION], I am waiting. How did you intend to pay the imports. Maybe you can teach me something for a change.

 

[Mamoon]

[MENTION=131701]Mamoon[/MENTION], I am waiting. How did you intend to pay the imports. Maybe you can teach me something for a change.

You tell me. Your leader and the fake degree holder Murad Saeed promise to bring back 200 billion dollars within weeks. Where is that amount?

When will the container reach the port of Karachi? Can we get a tracking no?

Your leader said by recouping the looted wealth, he will pay off our national debt and we won’t need to go from institutions to countries to beg money.

Your leader said he would rather commit suicide than ask other countries for loans.

So where are the 200 billion dollars?

 

[Mamoon]

[MENTION=1269]Bewal Express[/MENTION]

Look at the intensity and the fire of this fake degree holder.

So where are the 200 billion dollars?

He categorically stated that Imran will bring back 200 billion dollars only a day after taking oath as PM.

So why haven’t we used these 200 billion dollars to pay off imports, and why are we still begging other countries and institutions?

 

[Bewal Express]

You tell me. Your leader and the fake degree holder Murad Saeed promise to bring back 200 billion dollars within weeks. Where is that amount?

When will the container reach the port of Karachi? Can we get a tracking no?

Your leader said by recouping the looted wealth, he will pay off our national debt and we won’t need to go from institutions to countries to beg money.

Your leader said he would rather commit suicide than ask other countries for loans.

So where are the 200 billion dollars?

You found the CAD funny, so I am trying to work out how you intended to found the $60bn a year needed for imports. You want the govt to let you import, so how do you fund it. Its a not a trick question.

Btw the $200bn figure is from Munshi Dar, and he knew about laundering, just look at what he said about the Sharifs.

 

[Bewal Express]

[MENTION=1269]Bewal Express[/MENTION]

Look at the intensity and the fire of this fake degree holder.

So where are the 200 billion dollars?

He categorically stated that Imran will bring back 200 billion dollars only a day after taking oath as PM.

So why haven’t we used these 200 billion dollars to pay off imports, and why are we still begging other countries and institutions?

You may want to improve your research, Munshi says that 200bn is held in Foreign banks by PK's, and that is a guy who was the Finance Minister
http://www.dawn.com/news/1105356
So back to this, how do you intend to pay for imports? It's not a trick question.

 

[Mamoon]

You may want to improve your research, Munshi says that 200bn is held in Foreign banks by PK's, and that is a guy who was the Finance Minister
http://www.dawn.com/news/1105356
So back to this, how do you intend to pay for imports? It's not a trick question.

Don’t do aye baye shaye.

What Munshi said is no longer relevant because PTI promised that they will bring back 200 billion dollars when they form the government. So where is the money?

 

[Mamoon]

You found the CAD funny, so I am trying to work out how you intended to found the $60bn a year needed for imports. You want the govt to let you import, so how do you fund it. Its a not a trick question.

Btw the $200bn figure is from Munshi Dar, and he knew about laundering, just look at what he said about the Sharifs.

Of course it is not a trick question because the answer is obvious. Use the $200 billion that PTI have brought back to the country. It is more than enough money to not only pay for imports but also to boost export industries and also save the remaining amount for security.

So again - where is the $200 billion promised by PTI? Will you give a straight answer or will you deflect again?

 

[Bewal Express]

Of course it is not a trick question because the answer is obvious. Use the $200 billion that PTI have brought back to the country. It is more than enough money to not only pay for imports but also to boost export industries and also save the remaining amount for security.

So again - where is the $200 billion promised by PTI? Will you give a straight answer or will you deflect again?

Am I missing something or does Munshi Dar disappear from your posts?
Also if I am understanding your confused mind correctly, you don't believe the corruption is a problem and then you want the return of the $200bn. Why?

From your posts it seems that you say something stupid, such as let us import, it's like a child asking his parents for new toys but you don't how they are going to paid for. So once again, how will those imports be paid for?

 

[Abdullah719]

Of course it is not a trick question because the answer is obvious. Use the $200 billion that PTI have brought back to the country. It is more than enough money to not only pay for imports but also to boost export industries and also save the remaining amount for security.

So again - where is the $200 billion promised by PTI? Will you give a straight answer or will you deflect again?

You're the one doing the deflecting this time, unfortunately. The 200 billion is an election promise that they failed to live up to. As usual, they exaggerated and couldn't do it. Not yet, anyway, but probably never. Now let's get back to reality and the present.

Now the question is. What is your solution for the CAD? You mentioned importance of increasing exports. Well, please see the graph in #30 and explain how Pakistan should have sustained that level of deficit...

 

[Kriketer]

Of course it is not a trick question because the answer is obvious. Use the $200 billion that PTI have brought back to the country. It is more than enough money to not only pay for imports but also to boost export industries and also save the remaining amount for security.

So again - where is the $200 billion promised by PTI? Will you give a straight answer or will you deflect again?

It's not that they just made statements and moved on. We saw prior politicians running away, we saw their families running away, we have seen politicians going to jail, we have seen their family members going to jail so we have seen people are being held accountable be it in the past governments and/or current. That's a tremendous achievement in itself which corruption infested minds like you won't see or realize.

Whether money comes back or not is totally irrelevant. Even half of statement is a good statement going by our historical track record, intent and implementation is there so its all good.

Your sorry run through out multiple threads on IK is easily readable. Not sure if you see him in your nightmares now a days lol

 

[Mamoon]

Am I missing something or does Munshi Dar disappear from your posts?
Also if I am understanding your confused mind correctly, you don't believe the corruption is a problem and then you want the return of the $200bn. Why?

From your posts it seems that you say something stupid, such as let us import, it's like a child asking his parents for new toys but you don't how they are going to paid for. So once again, how will those imports be paid for?

 

[Bewal Express]

Which came 1st. And who was the guy that was the Finance Minister. Murad repeated what Munshi said.

http://www.dawn.com/news/1105356

But it doesn't answer the question on how do you want your toys to be paid for. As Cad to you is not a problem. And you want to import cheaply, how do you want to pay for it?

 

[Mamoon]

Which came 1st. And who was the guy that was the Finance Minister. Murad repeated what Munshi said.

http://www.dawn.com/news/1105356

But it doesn't answer the question on how do you want your toys to be paid for. As Cad to you is not a problem. And you want to import cheaply, how do you want to pay for it?

With the $200 billion that PTI promised to recoup. So where’s the money?

Munshi did not say he will bring back the money. That was a promise made by PTI. So where is the money?