How did Pakistan's economy perform during Imran Khan's era? - Page 8


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  1. #561
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    According to the London-based Centre for Economic and Business Research's (CEBR) World Economic League Table 2020, Pakistan is forecasted to drop from the 41st largest economy in the world to number 50 by 2034 (India, Bangladesh, Sri Lanka, Nepal and even Afghanistan are all forecasted to make gains).

    https://cebr.com/wp-content/uploads/...2020-Final.pdf
    https://www.thenews.com.pk/print/591...e-50th-in-2034

  2. #562
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    Quote Originally Posted by Bewal Express View Post
    In traditional economic theory inflation is either cost push or demand pull. In PK we have the third option which is business mafia profiteering at every opportunity. The answer is to break up the mafias and bring more competition to the markets.
    Really don't see what is being done to bring the mafias to heel. Yes, some stabilizing measures have been taken (some on the behest of IMF) on the external side but really can't see much improvement on the fiscal side where the mafias are still not paying their due share. Like the past the fiscal strategy still seems to be based on squeezing those already paying their taxes or imposing more indirect taxes.

  3. #563
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    Quote Originally Posted by amvbfm View Post
    Really don't see what is being done to bring the mafias to heel. Yes, some stabilizing measures have been taken (some on the behest of IMF) on the external side but really can't see much improvement on the fiscal side where the mafias are still not paying their due share. Like the past the fiscal strategy still seems to be based on squeezing those already paying their taxes or imposing more indirect taxes.
    Really can't see much improvement on the fiscal side? Can you please tell me what was the CAD when PTI took over and what is the CAD now?


    Please talk with facts and figures and not he said, she said if you want to be taken seriously.

  4. #564
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    Quote Originally Posted by Syed1 View Post
    Really can't see much improvement on the fiscal side? Can you please tell me what was the CAD when PTI took over and what is the CAD now?

    Please talk with facts and figures and not he said, she said if you want to be taken seriously.
    Umm i think I wrote: "stabilizing measures have been taken (some on the behest of IMF) on the external side" and agree about the CAD but don't see what that has to do with the point I raised about taxation and fiscal policy.

  5. #565
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    Quote Originally Posted by Dios View Post
    According to the London-based Centre for Economic and Business Research's (CEBR) World Economic League Table 2020, Pakistan is forecasted to drop from the 41st largest economy in the world to number 50 by 2034 (India, Bangladesh, Sri Lanka, Nepal and even Afghanistan are all forecasted to make gains).

    https://cebr.com/wp-content/uploads/...2020-Final.pdf
    https://www.thenews.com.pk/print/591...e-50th-in-2034
    Quite stunning that Bangladesh in forecasted to reach #25, the greatest improvement of all South Asian countries and ahead of countries like Sweden, Austria, Israel etc. Yes, it is total GDP rather than per cap, but still very impressive.

    When Hasina took over in 2008 it was at #53 and Pakistan at #49. The difference in performance in these two not very dissimilar countries is quite spectacular.

    Though Hasina has many dictatorial tendencies, no one can deny that she has brought prosperity to her country.

    Paging three other Bengalis: @MMHS @Mainul @cricketjoshila

  6. #566
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    When Hasina took over in 2008 it was at #53 and Pakistan at #49. The difference in performance in these two not very dissimilar countries is quite spectacular.
    the difference is in 2008 the war began. Bangladesh hasn't faced a war yet. We fought 11 years against Indian proxies and therefore the stats are skewed..

  7. #567
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    Quote Originally Posted by the Great Khan View Post
    the difference is in 2008 the war began. Bangladesh hasn't faced a war yet. We fought 11 years against Indian proxies and therefore the stats are skewed..
    Yes, blaming India for all your failures is the way forward to success.

    No blame for the Army/ISI which dominates your economy, nurtures jihadi outfits and arms the Afghan Taliban (which kills US soldiers) which scares away foreign investments and results in 6% of US government officials trusting Pakistan (according to a Pew Survey), resulting in no modern industries begin developed, sends arms to Kashmir and keeps the low level war with India going.

    No, the Army/ISI are not to blame, it is actually India which is to blame for Pakistan falling from #44 in 2019 to #50 in 2034 (following pic shows ranking in 5-year intervals ending in 2034).

    Name:  Screen Shot 2020-01-10 at 6.12.18 AM.jpg
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    With your sort of revolutionary thinking the future of your country is very bright.
    Last edited by Napa; 10th January 2020 at 18:51.

  8. #568
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    Quote Originally Posted by Dios View Post
    According to the London-based Centre for Economic and Business Research's (CEBR) World Economic League Table 2020, Pakistan is forecasted to drop from the 41st largest economy in the world to number 50 by 2034 (India, Bangladesh, Sri Lanka, Nepal and even Afghanistan are all forecasted to make gains).

    https://cebr.com/wp-content/uploads/...2020-Final.pdf
    https://www.thenews.com.pk/print/591...e-50th-in-2034
    Sri Lanka, Nepal and Afghanistan after gains will still rank lower then Pakistan in the list even if what's being forecasted here actually happens so i don't see the comparison here. From big economies Italy is also going down from 7 to 14 and Spain from 8 to 16.


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

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    Quote Originally Posted by Napa View Post
    Yes, blaming India for all your failures is the way forward to success.

    No blame for the Army/ISI which dominates your economy, nurtures jihadi outfits and arms the Afghan Taliban (which kills US soldiers) which scares away foreign investments and results in 6% of US government officials trusting Pakistan (according to a Pew Survey), resulting in no modern industries begin developed, sends arms to Kashmir and keeps the low level war with India going.

    No, the Army/ISI are not to blame, it is actually India which is to blame for Pakistan falling from #44 in 2019 to #50 in 2034 (following pic shows ranking in 5-year intervals ending in 2034).

    Name:  Screen Shot 2020-01-10 at 6.12.18 AM.jpg
Views: 960
Size:  11.1 KB

    With your sort of revolutionary thinking the future of your country is very bright.
    You guys should worry about your economy slow down under your chest thumping leader and with all those big reserves and a 3 trillion economy all i see is half the indian population finding it hard to purchase food or build toilets and living in slums so if big economies can't change the living style of a citizen and give them their basic rights well then there is a big question mark. Boost in Chinese Economy changed their people lives decades ago without doing any chest thumping about building reserves.


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

  10. #570
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    Quote Originally Posted by Mian View Post
    You guys should worry about your economy slow down under your chest thumping leader and with all those big reserves and a 3 trillion economy all i see is half the indian population finding it hard to purchase food or build toilets and living in slums so if big economies can't change the living style of a citizen and give them their basic rights well then there is a big question mark. Boost in Chinese Economy changed their people lives decades ago without doing any chest thumping about building reserves.
    Some people have one point agenda to criticize Pakistan Army. Economy, Institutions or courts etc whatever the discussion is, some posters associate everything to Pakistan Army. If Pakistan economy were to be ranked 100 places lower at #150 but without an army, these posters would tell you that Pakistan at #150 has a strong economy as compared to current #50 odd.

  11. #571
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    Quote Originally Posted by last_knight View Post
    Some people have one point agenda to criticize Pakistan Army. Economy, Institutions or courts etc whatever the discussion is, some posters associate everything to Pakistan Army. If Pakistan economy were to be ranked 100 places lower at #150 but without an army, these posters would tell you that Pakistan at #150 has a strong economy as compared to current #50 odd.
    Exactly they try their best to make it Army vs Civilians in Pakistan but their wish will only remain a wish especially the parosis


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

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    Quote Originally Posted by Napa View Post
    Yes, blaming India for all your failures is the way forward to success.

    No blame for the Army/ISI which dominates your economy, nurtures jihadi outfits and arms the Afghan Taliban (which kills US soldiers) which scares away foreign investments and results in 6% of US government officials trusting Pakistan (according to a Pew Survey), resulting in no modern industries begin developed, sends arms to Kashmir and keeps the low level war with India going.

    No, the Army/ISI are not to blame, it is actually India which is to blame for Pakistan falling from #44 in 2019 to #50 in 2034 (following pic shows ranking in 5-year intervals ending in 2034).

    Name:  Screen Shot 2020-01-10 at 6.12.18 AM.jpg
Views: 960
Size:  11.1 KB

    With your sort of revolutionary thinking the future of your country is very bright.
    LOL..You never learn. your like a parrot that just repeats nonsense but thinks its clever.

    Since your such a stats guru can you give me pakistans growth figures when it was not fighting a war and then a comparison to when it was?

    as for the blame india nonsense. Its a proven fact over and over again. Its not rumours or some fiction like your govt is prone to do. These are cast iron facts. as true as the sun in the sky. We fought a war for ten years against a terrorist group supported by your govt. Those ten years took away FDI, infrastructure spending, the destrcution of our industry and much more. But yes its the ISI's fault for killing its own and destroying its own country..

    your unhealthy obsession with our military just betrays your true fear of it. You know the one thing standing in the way of a RSS fascist boot on the necks of our free people is the PA..

    and please worry about your own country that is fast on its way to cesspit status thanks to your macho invincible PM..

  13. #573
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    Quote Originally Posted by Napa View Post
    Quite stunning that Bangladesh in forecasted to reach #25, the greatest improvement of all South Asian countries and ahead of countries like Sweden, Austria, Israel etc. Yes, it is total GDP rather than per cap, but still very impressive.

    When Hasina took over in 2008 it was at #53 and Pakistan at #49. The difference in performance in these two not very dissimilar countries is quite spectacular.

    Though Hasina has many dictatorial tendencies, no one can deny that she has brought prosperity to her country.

    Paging three other Bengalis: @MMHS @Mainul @cricketjoshila
    Thanks for your interest in Bangladesh and being aware of our situation. I always says to my fellow colleagues that if Bangladesh gets a true patriotic leader with his team free of corruption and nepotism , Bangladesh has the full potential to surpass Malaysia in development. Bangladesh is progressing no doubt, but still it's progress is being dented by huge corruption. Still Hasina and his government has been able to take our country forward due to political stability free of any unrest. ( they are in power since 2009). They are able to implement their plan and programme. A country like Bangladesh actually needs dictatorship for a while, not democracy in my opinion. But honest and patriotic dictatorship. If Pakistan does get that they will also make progress . I think Imran can provide that if he remains out of radar of Pak millitary regime for a long time.

  14. #574
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    Quote Originally Posted by Mainul View Post
    Thanks for your interest in Bangladesh and being aware of our situation. I always says to my fellow colleagues that if Bangladesh gets a true patriotic leader with his team free of corruption and nepotism , Bangladesh has the full potential to surpass Malaysia in development. Bangladesh is progressing no doubt, but still it's progress is being dented by huge corruption. Still Hasina and his government has been able to take our country forward due to political stability free of any unrest. ( they are in power since 2009). They are able to implement their plan and programme. A country like Bangladesh actually needs dictatorship for a while, not democracy in my opinion. But honest and patriotic dictatorship. If Pakistan does get that they will also make progress . I think Imran can provide that if he remains out of radar of Pak millitary regime for a long time.
    The one thing Hasina has done is that she has "tamed" the Army. No one doubts that she is the boss and the Army obeys her. The Army cannot set foreign policy, nurture Jihadist organizations, send arms to foreign groups that kill US soldiers, run construction and other businesses, grab land for retired generals etc. etc.

    The days when the generals would overthrow the civilian leader are over. All this has provided stability to the country and made fantastic economic growth possible. It is difficult to move up the rankings, as it means not only you are doing well, but also that you are doing better than others and overtaking them.

    Bangladesh was actually ranked 57 in 2009, and is projected to rank about #25 in 2034 (page 19 below).

    https://cebr.com/wp-content/uploads/...2020-Final.pdf

    Both set of my grandparents were born in Bangladesh, so I do rejoice when I see it do well, and especially when its leadership is not antagonistic to India.

  15. #575
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    Why are Pak having so much trouble expanding the tax net?

    https://www.dawn.com/news/1527448/taxes-and-then-some

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    Quote Originally Posted by FreePalestine View Post
    Why are Pak having so much trouble expanding the tax net?

    https://www.dawn.com/news/1527448/taxes-and-then-some
    Good article that points out the regressive nature of indirect taxation and the need for new industries and export earnings.

  17. #577
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    Quote Originally Posted by Napa View Post
    Good article that points out the regressive nature of indirect taxation and the need for new industries and export earnings.
    But why do they find it so difficult to broaden the tax base? What are the main issues preventing them from doing it?

  18. #578
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    Quote Originally Posted by FreePalestine View Post
    But why do they find it so difficult to broaden the tax base? What are the main issues preventing them from doing it?
    Significantly broadening the tax base, or even changing the way a government is financed is almost impossible without a revolution. Different sections of the society have different levels of political power. The amount they give for financing the government depends upon how much political power they have.

    Indirect taxes have a disproportionate impact on the incomes of the poor. If you raise sales taxes on an essential commodity like electricity, say by 25%, it could mean a 2% of income increase for a poor household, but only a 0.1% of income increase for a rich household.

    As the poor have less political power, governments looking to quickly raise their revenues resort to indirect taxes.

    Why not instead increase the income tax base by bringing in traders? Whether that is successful depends upon 1) political power of the traders 2) the integrity of the tax collection system. These factors may make it infeasible to achieve significant increases in taxes paid by traders.

    If there was a revolution, say someone like the Bolsheviks came to power, they would dramatically change the distribution of political power among the different segments. Elections in democracies are usually not revolutions, rather they are at most small changes in the distribution of political power, and can only lead to small gradual changes. The election of Morisi in Egypt was indeed a revolution, but he thought he could ignore the existing distribution of political power and bring about dramatic changes. That miscalculation led to him losing his office and his life, and the restoration of the status quo ante.

    Small gradual changes if persisted with can take a country to a much better place, but it takes a few decades. Unfortunately, the changes that have happened in Pakistan since IK's election have not been in the right direction. Blaming everything on the previous civilian leaders and persecuting them, while keeping intact the status quo ante distribution of power are not changes in the right direction.

  19. #579
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    *If you raise sales taxes on an essential commodity like electricity, say by 25%, it could mean a 2% (of income) tax increase for a poor household, but only a 0.1% (of income) tax increase for a rich household.

  20. #580
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    Quote Originally Posted by Napa View Post
    Significantly broadening the tax base, or even changing the way a government is financed is almost impossible without a revolution. Different sections of the society have different levels of political power. The amount they give for financing the government depends upon how much political power they have.

    Indirect taxes have a disproportionate impact on the incomes of the poor. If you raise sales taxes on an essential commodity like electricity, say by 25%, it could mean a 2% of income increase for a poor household, but only a 0.1% of income increase for a rich household.

    As the poor have less political power, governments looking to quickly raise their revenues resort to indirect taxes.

    Why not instead increase the income tax base by bringing in traders? Whether that is successful depends upon 1) political power of the traders 2) the integrity of the tax collection system. These factors may make it infeasible to achieve significant increases in taxes paid by traders.

    If there was a revolution, say someone like the Bolsheviks came to power, they would dramatically change the distribution of political power among the different segments. Elections in democracies are usually not revolutions, rather they are at most small changes in the distribution of political power, and can only lead to small gradual changes. The election of Morisi in Egypt was indeed a revolution, but he thought he could ignore the existing distribution of political power and bring about dramatic changes. That miscalculation led to him losing his office and his life, and the restoration of the status quo ante.

    Small gradual changes if persisted with can take a country to a much better place, but it takes a few decades. Unfortunately, the changes that have happened in Pakistan since IK's election have not been in the right direction. Blaming everything on the previous civilian leaders and persecuting them, while keeping intact the status quo ante distribution of power are not changes in the right direction.
    Yes, there has been a lot in the news about the attempt to install 20,000 sales portals with the informal traders, but the implementation of the policy keeps getting delayed. Think the last deadline I read about was 1st Jan, 2020. They seem to be trying but finding it difficult!

    I keep hearing that there are ‘mafias’ around in various sectors. I understand when this refers to illegal settlements on public land, where there are lots of weapons and poverty, but I understand there are also ‘mafias’ in various industries in Pakistan. Does anyone know anything specific about this stuff?

  21. #581
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    ISLAMABAD: Noting weak external and fiscal positions and slowing economy, Fitch Ratings on Monday affirmed Pakistan’s long-term Foreign Currency issuer default rating at ‘B-negative’ with a stable outlook.

    The New York-based agency — one of the three major global rating agencies — noted high debt-to-GDP ratio, economic growth rate of 2.8 per cent and fiscal deficit at the elevated 7.9pc level besides high inflation and interest payments and weaker revenue growth as key weaknesses.

    It said the tighter macroeconomic policies were further slowing GDP growth, estimated at 2.8pc in FY20 from 3.3pc in FY19 and gradually recovery to 3.4pc by FY21. Inflation has also continued to rise sharply from the cost pass-through of the currency depreciation and increases in energy tariffs.

    Fitch forecast inflation to average 11.3pc in FY20 against 6.8pc in FY19 and expected the SBP to keep the policy rate at the current peak of 13.25pc in the coming months, before modest cuts towards the end of FY20 as inflationary pressures begin to fade.

    High inflation and fiscal deficit, rising debt and interest payments amid slow growth are drags on credit rating

    Fitch appreciated the reduced external debt, flexible exchange rate and improved fiscal discipline but highlighted governance, security and structural reforms as critical risk areas. (The agency had downgraded Pakistan’s long-term debt rating to B-negative from B in December 2018).

    The ‘B-negative’ rating reflects a challenging external position characterised by a high external financing requirement and low reserves, weak public finances including large fiscal deficits and a high government debt-to-GDP ratio, and weak governance indicators.

    It said Pakistan was making progress towards strengthening external finances and taking positive steps on the fiscal front, but considerable risks remain. Still, external finances remain fragile with relatively low foreign-exchange reserves in the context of an elevated external debt repayment schedule and subdued export performance”, the Fitch said. Pakistan’s liquidity ratio is 111.4pc, much weaker than the historic ‘B’ median of 161.2pc.

    Fitch forecast a further narrowing of the current account deficit to 2.1pc of GDP in the year ending June 2020 (FY20) and 1.9pc in FY21, from 4.9pc in the last fiscal year. But it noted that import compression remained the predominant driver of the narrowing deficit, facilitated by a depreciation of the rupee against the dollar of around 30pc since December 2017 and tighter monetary conditions. Exports are forecast to grow modestly from a low base.

    Fitch forecast gross liquid foreign-exchange reserves rising to around $11.5bn by FY20 end, $7.2bn at FY19 end. The SBP has also reduced its net forward position by over $3bn since June, contributing to a considerable improvement in its net foreign-exchange reserves, although these remain negative.

    The rating agency said Pakistan’s access to external financing had improved after the approval of a $6bn, 39-month Extended Fund Facility (EFF) by the IMF board in July 2019. The IMF, it said, this had potentially unlocked about $38bn in financing from multilateral (including from the IMF) and bilateral sources over the programme period. It may also facilitate financing from offshore capital markets.

    It said the IMF programme was on track with first review completed in December. “However, implementation risks remain high, particularly given the politically challenging nature of the authorities’ reform agenda”.

    Moreover, gross external financing needs are likely to remain high, in the mid-$20bn range, over the medium term due to considerable debt repayments and despite the smaller current account deficit. “Sustaining inflows to meet these financing needs could prove challenging over a longer horizon without stronger export growth and net FDI inflows”.

    On the other hand, public finances are a key credit weakness and deteriorated further in FY19 prior to the approval of the IMF programme. The general government deficit slipped to 8.9pc of GDP in FY19, from 6.5pc in FY18, as revenues contracted, due in part to one-off factors, such as lower SBP dividends and delayed telecom licence renewals.

    Also, general government debt rose to 84.8pc of GDP, well above the current ‘B’ median of 54pc, due to the currency depreciation, higher fiscal deficit, and build-up of liquidity buffers. Debt/revenue also jumped sharply to 667pc, compared with the historic ‘B’ median of 252pc.

    Fitch expected a challenging future. It said the government was consolidating public finances, but progress would be challenging due to the relatively high reliance on revenues to achieve the planned adjustment. It described the FY20 revenue target as ambitious but hoped the efforts to broaden the tax base through its tax-filer documentation drive and removal of GST exemptions will contribute to stronger revenue growth.

    Despite all this, Fitch forecast the fiscal deficit to at 7.9pc of GDP in FY20, based on a reversal of the previous year’s one-off factors and revenue-enhancing measures. This is slightly higher than the government’s expectations of 7.5pc due to Fitch’s more conservative revenue projections. The agency also expected the expenditure to rise, particularly as interest-servicing costs increase sharply on the back of higher interest rates.

    Improvements to the business and security environment could further support the growth outlook. Domestic security has improved over the past couple of years, measured by a decline in terrorist incidents. Nevertheless, ongoing international perceptions of security risks and geopolitical tensions with neighbouring countries weigh on investor sentiment.

    https://www.dawn.com/news/1528207/fi...outlook-stable


    For the latest updates on Cricket, follow @PakPassion on Twitter

  22. #582
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    India has no general taking over the government, why is their economy tanking?

    The one point agenda, blaming Army, is getting boring and out dated.

  23. #583
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    Quote Originally Posted by Napa View Post
    Yes, blaming India for all your failures is the way forward to success.

    No blame for the Army/ISI which dominates your economy, nurtures jihadi outfits and arms the Afghan Taliban (which kills US soldiers) which scares away foreign investments and results in 6% of US government officials trusting Pakistan (according to a Pew Survey), resulting in no modern industries begin developed, sends arms to Kashmir and keeps the low level war with India going.

    No, the Army/ISI are not to blame, it is actually India which is to blame for Pakistan falling from #44 in 2019 to #50 in 2034 (following pic shows ranking in 5-year intervals ending in 2034).

    Name:  Screen Shot 2020-01-10 at 6.12.18 AM.jpg
Views: 960
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    With your sort of revolutionary thinking the future of your country is very bright.
    You ignoring the facts regarding war that Pakistan has fought, terrorism that India has supported in Pakistan (understandably, why a supporter of RSS/BJP/Hindutva would ignored that fact), and other ground reality negates any good point that you raise regarding Pakistan's economy.

    And also, at one point, you were promoting corrupt Pakistani politician as good for Pakistan just because they kind of supported Modi and went against Pakistani Army? am I not correct, while criticizing Bangladesh corrupt politicians, lol.

    probably won't get a reply because you believe you are better than anyone who does not agree with you or criticize your deluded believes and obsession with blaming everything on Pakistani Army.

    Carry on with your stats.
    Last edited by kk1992; 15th January 2020 at 00:35.

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    Quote Originally Posted by kk1992 View Post
    You ignoring the facts regarding war that Pakistan has fought, terrorism that India has supported in Pakistan (understandably, why a supporter of RSS/BJP/Hindutva would ignored that fact), and other ground reality negates any good point that you raise regarding Pakistan's economy.

    And also, at one point, you were promoting corrupt Pakistani politician as good for Pakistan just because they kind of supported Modi and went against Pakistani Army? am I not correct, while criticizing Bangladesh corrupt politicians, lol.

    probably won't get a reply because you believe you are better than anyone who does not agree with you or criticize your deluded believes and obsession with blaming everything on Pakistani Army.

    Carry on with your stats.
    He probably doesn't know, or ignore it on purpose, that Pak Currency was much stronger than Indian rupees during 70s and 80s and remained stronger until early 90s and that was the time when corrupt PMLn and PPP joined hands to loot the country.

  25. #585
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    Quote Originally Posted by Napa View Post
    The one thing Hasina has done is that she has "tamed" the Army. No one doubts that she is the boss and the Army obeys her. The Army cannot set foreign policy, nurture Jihadist organizations, send arms to foreign groups that kill US soldiers, run construction and other businesses, grab land for retired generals etc. etc.

    The days when the generals would overthrow the civilian leader are over. All this has provided stability to the country and made fantastic economic growth possible. It is difficult to move up the rankings, as it means not only you are doing well, but also that you are doing better than others and overtaking them.

    Bangladesh was actually ranked 57 in 2009, and is projected to rank about #25 in 2034 (page 19 below).

    https://cebr.com/wp-content/uploads/...2020-Final.pdf

    Both set of my grandparents were born in Bangladesh, so I do rejoice when I see it do well, and especially when its leadership is not antagonistic to India.
    Good to know your origin from Bangladesh Napa ( I actually laugh when I read your name. I beg ur pardon. Napa is the most popular brand of tablet paracetamol in our country )

    Hasina has given the army officers so much (land,money, business opportunities whatever they wanted) that even an army dictator in the past couldn't give that to his army men. That's why they are so loyal.
    Our PM has got a very intelligent head on her shoulder.

  26. #586
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    Quote Originally Posted by last_knight View Post
    He probably doesn't know, or ignore it on purpose, that Pak Currency was much stronger than Indian rupees during 70s and 80s and remained stronger until early 90s and that was the time when corrupt PMLn and PPP joined hands to loot the country.
    Pakistan was economically strong until the 80s because the military dictators used U.S. funding to drive the economy. That funding was payment (or bribe) for their mercenary role during the Cold War.

    Pakistani economy was boosted under traitor Musharraf as well, who always played the role of a mercenary during the WoT.

    Unfortunately, this is not a sustainable model. The artificial economic growth proved very, very costly and destabilized the region and gave birth to terrorism in Pakistan.

  27. #587
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    KARACHI: In its latest survey, Ipsos, a Paris-based market research and consulting firm, showed that the respondents think the country is moving in the wrong direction as consumers fear the economy is likely to become weaker in the next six months.

    The respondents feel that inflation, job insecurity and additional taxes are the top three most worrying issues faced by the country at the moment.

    In a survey of 2,900 participants across the rural and urban areas of the country during July-December period of this fiscal year, 79 per cent of the respondents were pessimistic in their outlook for local and national economy.

    The survey participants said that during the last 12 months, they have grown less comfortable in purchasing basic household items or making major purchases such as a car or home.

    They also feel that their ability to invest in the future and retain their current job in the existing economic condition has weakened.

    In one of the surveys, four out of 10 respondents said that they personally know someone who has lost their jobs. The findings showed that nine out of 10 consumers feel less comfortable while purchasing general household items as well as major ones including car, houses etc, whereas only one in 10 described their current economic situation as strong.

    The consumers also feel that the country’s and their current financial situation is “bad” and don’t expect the circumstances to get any better within the next six months as only one of the 10 respondents showed optimism about their well-being in near future.

    Compared to other emerging markets, Pakistan also ranked lowest on investment index which reflects the respondents’ perception of current and future financial situation and major and household purchase comfort.

    The country’s investment index was calculated at 19.1 by Ipsos far below India’s 64.7, South Africa 40.6, Turkey 27.5 and Brazil 50.4.

    The country’s overall national index ranking was the lowest among all 27 countries surveyed by Ipsos, primarily driven by very low scores of current and investment indices. Pakistani consumers have had to brace high inflation averaging at around 10.16 per cent during the last 12 months as the government increased prices of utilities and fuel after agreeing to a $6 billion International Monetary Fund bailout.

    The survey’s present situation measure, based on consumers’ assessment of their financial situation, level of satisfaction with the way things are going, state of local and national economy, decreased to 19.2 from 19.5 in August 2019.

    When asked whether they expect their quality of life to improve in the next five years, four of the 10 respondents were pessimistic. In addition, three said that they are unlikely to afford any leisure activities in the next couple of years and feel that they are not going ahead financially.

    The relatively downbeat survey results mirror outlooks published by other local and international research firms who have shared similar forecast amid tightening monetary policy stance, fiscal consolidation, high interest rates and rising inflation.

    https://www.dawn.com/news/1528413/co...s-survey-shows

  28. #588
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    Quote Originally Posted by Mamoon View Post
    Pakistan was economically strong until the 80s because the military dictators used U.S. funding to drive the economy. That funding was payment (or bribe) for their mercenary role during the Cold War.

    Pakistani economy was boosted under traitor Musharraf as well, who always played the role of a mercenary during the WoT.

    Unfortunately, this is not a sustainable model. The artificial economic growth proved very, very costly and destabilized the region and gave birth to terrorism in Pakistan.
    Another thing to consider when comparing Pakistan to India pre-1990 was that the Indian economy used to be dominated by government bureaucrats. The financial crisis of the early 1990s started the process of liberalization (getting the government out of the economy) under PM Narasimha Rao, and has progressed under the different civilian governments since.

    Pakistan has not yet experienced anything similar, with the Army continuing to maintain its grip on the economy and pursuing its destructive foreign policy.

    By all means, IK is welcome to tweet about an impending nuclear war if the Kashmir issue is not solved. However from post #587 "The country’s investment index was calculated at 19.1 by Ipsos far below India’s 64.7, South Africa 40.6, Turkey 27.5 and Brazil 50.4."

    Any honorable PM would say "The attractiveness of my country's economy to foreign investors is of prime importance and my responsibility as it is the way out of poverty".

    Blaming India is okay if the goal is to feel better. However, to get out of poverty requires practical thinking, which Bangladesh is demonstrating. Unlike IK, Hasina doesn't feel any need to keep criticizing India. Rather she focusses on things which she has control over, and delivers performance. Pakistan with a larger population compared to Bangladesh is headed to the #50 economy, while Bangladesh will be #25 by 2034.

    Bangladesh has now decisively overtaken Pakistan in terms of nominal per cap GDP.

    Name:  Screen Shot 2020-01-15 at 6.11.20 AM.jpg
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    https://data.worldbank.org/indicator...ocations=PK-BD

    It is startling how far Pakistan has fallen behind Bangladesh. The choice for Pakistanis is simply. Go the IK way and keep blaming India, while the economy continues rotting. Or do the Hasnia way and see the economy overtake other countries at a rapid pace.
    Last edited by Napa; 15th January 2020 at 18:47.

  29. #589
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    Quote Originally Posted by Mamoon View Post
    Pakistan was economically strong until the 80s because the military dictators used U.S. funding to drive the economy. That funding was payment (or bribe) for their mercenary role during the Cold War.

    Pakistani economy was boosted under traitor Musharraf as well, who always played the role of a mercenary during the WoT.

    Unfortunately, this is not a sustainable model. The artificial economic growth proved very, very costly and destabilized the region and gave birth to terrorism in Pakistan.
    Yes! we all know that.

    Not a hidden fact nor the Army hid that fact.

    you keep repeating does not make you seem smarter.

    But lets ignore other related fact as long as you can highlight your one point agenda, do not worry an Indian would be supporting you with copy and past.

  30. #590
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    Quote Originally Posted by Napa View Post
    Another thing to consider when comparing Pakistan to India pre-1990 was that the Indian economy used to be dominated by government bureaucrats. The financial crisis of the early 1990s started the process of liberalization (getting the government out of the economy) under PM Narasimha Rao, and has progressed under the different civilian governments since.

    Pakistan has not yet experienced anything similar, with the Army continuing to maintain its grip on the economy and pursuing its destructive foreign policy.

    By all means, IK is welcome to tweet about an impending nuclear war if the Kashmir issue is not solved. However from post #587 "The country’s investment index was calculated at 19.1 by Ipsos far below India’s 64.7, South Africa 40.6, Turkey 27.5 and Brazil 50.4."

    Any honorable PM would say "The attractiveness of my country's economy to foreign investors is of prime importance and my responsibility as it is the way out of poverty".

    Blaming India is okay if the goal is to feel better. However, to get out of poverty requires practical thinking, which Bangladesh is demonstrating. Unlike IK, Hasina doesn't feel any need to keep criticizing India. Rather she focusses on things which she has control over, and delivers performance. Pakistan with a larger population compared to Bangladesh is headed to the #50 economy, while Bangladesh will be #25 by 2034.

    Bangladesh has now decisively overtaken Pakistan in terms of nominal per cap GDP.

    Name:  Screen Shot 2020-01-15 at 6.11.20 AM.jpg
Views: 759
Size:  8.9 KB

    https://data.worldbank.org/indicator...ocations=PK-BD

    It is startling how far Pakistan has fallen behind Bangladesh. The choice for Pakistanis is simply. Go the IK way and keep blaming India, while the economy continues rotting. Or do the Hasnia way and see the economy overtake other countries at a rapid pace.
    This guy.


    IK is blaming India for radicalism and extremists in the government of India and media that have hijacked India's majority religion to further their perverted beliefs, hence, needed a boogeyman, in the form of Muslim and Pakistan.

    IK has blamed previous corrupt leader, that you have many and many times supported just because they supported Modi and tried to speak against Pakistani Army, which you also support because it align with your one point agenda on Pakpassion but i the same thread would not support corrupt politician of Bangladesh. lol. i mean you can't make this up, you are yourself exposing yourself.

    Final word on this, you have no clue what is happening in Pakistan and that is evident by the way you try to explain things regarding Pakistan.

    Do not worry, Mamoon will be supporting you.

    what a waste of time but you are the genius one. lol

  31. #591
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    Quote Originally Posted by Napa View Post
    Another thing to consider when comparing Pakistan to India pre-1990 was that the Indian economy used to be dominated by government bureaucrats. The financial crisis of the early 1990s started the process of liberalization (getting the government out of the economy) under PM Narasimha Rao, and has progressed under the different civilian governments since.

    Pakistan has not yet experienced anything similar, with the Army continuing to maintain its grip on the economy and pursuing its destructive foreign policy.

    By all means, IK is welcome to tweet about an impending nuclear war if the Kashmir issue is not solved. However from post #587 "The country’s investment index was calculated at 19.1 by Ipsos far below India’s 64.7, South Africa 40.6, Turkey 27.5 and Brazil 50.4."

    Any honorable PM would say "The attractiveness of my country's economy to foreign investors is of prime importance and my responsibility as it is the way out of poverty".

    Blaming India is okay if the goal is to feel better. However, to get out of poverty requires practical thinking, which Bangladesh is demonstrating. Unlike IK, Hasina doesn't feel any need to keep criticizing India. Rather she focusses on things which she has control over, and delivers performance. Pakistan with a larger population compared to Bangladesh is headed to the #50 economy, while Bangladesh will be #25 by 2034.

    Bangladesh has now decisively overtaken Pakistan in terms of nominal per cap GDP.

    Name:  Screen Shot 2020-01-15 at 6.11.20 AM.jpg
Views: 759
Size:  8.9 KB

    https://data.worldbank.org/indicator...ocations=PK-BD

    It is startling how far Pakistan has fallen behind Bangladesh. The choice for Pakistanis is simply. Go the IK way and keep blaming India, while the economy continues rotting. Or do the Hasnia way and see the economy overtake other countries at a rapid pace.
    Lol at how clueless you are. Imran Khan hasn't blamed india for economic problems what have you been smoking?


    Please learn facts and do some research before talking rubbish.

  32. #592
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    Quote Originally Posted by Mainul View Post
    Good to know your origin from Bangladesh Napa ( I actually laugh when I read your name. I beg ur pardon. Napa is the most popular brand of tablet paracetamol in our country )

    Hasina has given the army officers so much (land,money, business opportunities whatever they wanted) that even an army dictator in the past couldn't give that to his army men. That's why they are so loyal.
    Our PM has got a very intelligent head on her shoulder.
    Napa because I was visiting Napa, CA when I set up this account, not because I thought I was the cure for Bangladesh's ailments

    Yes, Hasina is very smart. She has offered wealth to the Army generals, and in return they obey her. Their obedience leaves her free to formulate foreign and economic policy, and she is successfully making her country richer.

    Problem with Pakistan is that its Army generals want both wealth AND political power. However, when the country's economy is going down the drain, there isn't much wealth to appropriate.

  33. #593
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    Hold up, so the copy and paste genius is saying that Pakistani Army prevented the previous corrupt government from improving Pakistani economy?

    Here is little fact, artificially kept value of $ by the previous government. What role did Army play in that?

    and what role is Army playing currently in keeping the actual value of the $?


    As I have said, Bangladesh corrupt politician are okay but Pakistani are not, the funniest thing you'll hear from the supporters of RSS/BJP/Hindtuva. lol
    Last edited by kk1992; 15th January 2020 at 19:36.

  34. #594
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    If Bangladesh is doing so well, why do so many Bengalis come to Pakistan to find work especially in Karachi?

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    No doubt Bangladesh are doing well. That has nothing to do with pakistan.


    Bangladesh aren't next to a war torn Afganistan.
    Bangladesh haven't got enemies on both sides of the border.


    Not saying these factors are the sole reason for Pakistan economy woes but I'm saying why compare Pakistan to Bangladesh. They are two unique countries with unique circumstances.
    It's like comparing India to China. China are clearly doing better but that doesn't mean indias economy is woeful.



    Pakistans economy is struggling but heading in the right direction in my opinion.

  36. #596
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    Quote Originally Posted by Minnowbasher View Post
    No doubt Bangladesh are doing well. That has nothing to do with pakistan.

    Bangladesh aren't next to a war torn Afganistan.
    Bangladesh haven't got enemies on both sides of the border.
    Afghanistan would have been stable instead of being a basket case if Zia had not come up with a wonderful plan to birth and jihadi organizations to fight the Soviets, and to the current day ISI doesn't keep arming the Taliban to fight the US.

    As for India being an enemy, forget about Kashmir and India will forget about you. Realistically, India is not going to lose Kashmir. You are not doing the Kashmiris any favors by killing a few Indian troops.

    Not saying these factors are the sole reason for Pakistan economy woes but I'm saying why compare Pakistan to Bangladesh. They are two unique countries with unique circumstances.
    The difference between Pakistan and Bangladesh is that in one country the Army dominates the economy and politics and in the other country the civilian head does so.

    It's like comparing India to China. China are clearly doing better but that doesn't mean indias economy is woeful.
    As far as the economy goes, China is fortunate to have a dictatorial party in power which is reasonably well disciplined and which protects investors. India is a messy democracy, and only recently has become more friendly to investors.

    Pakistans economy is struggling but heading in the right direction in my opinion.
    Ipsos says "The country’s investment index was calculated at 19.1 by Ipsos far below India’s 64.7, South Africa 40.6, Turkey 27.5 and Brazil 50.4." London-based Centre for Economic and Business Research says Pakistan will not only not be able to keep up with other countries, but will be overtaken by a net of 9 countries to fall from 41 to 50.

    Ten years ago I would have never believed that in my lifetime I would see Bangladesh overtake Pakistan in terms of nominal per cap GDP. However, today Bangladesh is already 15% ahead of Pakistan ($1,698 vs. $1,482).

    Pakistan has fantastic human capital, an abundance of able citizens. They need to throw away the blinders and realize what is holding their country back.
    Last edited by Napa; 16th January 2020 at 03:25.

  37. #597
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    Quote Originally Posted by Napa View Post
    Afghanistan would have been stable instead of being a basket case if Zia had not come up with a wonderful plan to birth and jihadi organizations to fight the Soviets, and to the current day ISI doesn't keep arming the Taliban to fight the US.

    As for India being an enemy, forget about Kashmir and India will forget about you. Realistically, India is not going to lose Kashmir. You are not doing the Kashmiris any favors by killing a few Indian troops.



    The difference between Pakistan and Bangladesh is that in one country the Army dominates the economy and politics and in the other country the civilian head does so.



    As far as the economy goes, China is fortunate to have a dictatorial party in power which is reasonably well disciplined and which protects investors. India is a messy democracy, and only recently has become more friendly to investors.



    Ipsos says "The country’s investment index was calculated at 19.1 by Ipsos far below India’s 64.7, South Africa 40.6, Turkey 27.5 and Brazil 50.4." London-based Centre for Economic and Business Research says Pakistan will not only not be able to keep up with other countries, but will be overtaken by a net of 9 countries to fall from 41 to 50.

    Ten years ago I would have never believed that in my lifetime I would see Bangladesh overtake Pakistan in terms of nominal per cap GDP. However, today Bangladesh is already 15% ahead of Pakistan ($1,698 vs. $1,482).

    Pakistan has fantastic human capital, an abundance of able citizens. They need to throw away the blinders and realize what is holding their country back.
    Point 1 I agree but what has that got to do with pti government. Infact that solidifies my point that country was backwards back in zias era but moving forward.
    Point 2 forget about innocent people dying in kashmir and forget about the fact that this bjp government wants Pakistani Kashmir aswell? No thanks.
    Point 3 yes military is heavily involved but I feel like less so now than before.
    Point 4 ok so your not contradicting my point so my point is valid.
    Point 5 IMF said alot of stuff in 2018 and it was proven wrong. The reality is inflation is decreasing, our debt is decreasing and our economy is stabilising.
    Again I said moving in the right direction not that we've made it yet. Many problems right now with Pakistans economy no doubt.

  38. #598
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    Quote Originally Posted by kk1992 View Post
    Hold up, so the copy and paste genius is saying that Pakistani Army prevented the previous corrupt government from improving Pakistani economy?

    Here is little fact, artificially kept value of $ by the previous government. What role did Army play in that?

    and what role is Army playing currently in keeping the actual value of the $?


    As I have said, Bangladesh corrupt politician are okay but Pakistani are not, the funniest thing you'll hear from the supporters of RSS/BJP/Hindtuva. lol
    Also, Army couldn't stop them while Nawaz Sharif and Samdhi Dar were laundering billions outside Pakistan, they didn't stop them when they were deploying 3000 security men to protect them and relatives in multiple locations, they didn't stop them awarding contracts to fake companies but they did stop them improving the Economy....must be the most evil group of people
    Last edited by Waseem; 16th January 2020 at 04:26.

  39. #599
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    Quote Originally Posted by Waseem View Post
    Also, Army couldn't stop them while Nawaz Sharif and Samdhi Dar were laundering billions outside Pakistan, they didn't stop them when they were deploying 3000 security men to protect them and relatives in multiple locations, they didn't stop them awarding contracts to fake companies but they did stop them improving the Economy....must be the most evil group of people
    If you want to improve, you should pay attention to those who are succeeding, respect them and try to be like them.

    Bangladesh is rocketing ahead. Pakistan is not behind Bangladesh in human capital and other resources. Learn from Hasina and Bangladesh.

  40. #600
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    Quote Originally Posted by Waseem View Post
    Also, Army couldn't stop them while Nawaz Sharif and Samdhi Dar were laundering billions outside Pakistan, they didn't stop them when they were deploying 3000 security men to protect them and relatives in multiple locations, they didn't stop them awarding contracts to fake companies but they did stop them improving the Economy....must be the most evil group of people
    Some are here with their one point agenda while trying to act clever and smart despite presenting nothing to support their agenda.

    And its easy to spot them, claiming 10 years ago, would have never believed Bangladeshi economy would be better than Pakistans show how much they have understanding of Pakistan economy, anyone who had basic understanding of economy knew 10 years ago what was going to happen but the clever RSS/BJP/Hindutva would try to present as they know everything about it.

    Anyone can support their agenda with copy and paste.

    Dont waste your time with them, usually they exist the thread when no one agree with their agenda claiming you are going to suffer if you do not listen to me, arrogance and haughtiness is almost nauseating.

  41. #601
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    Quote Originally Posted by Napa View Post
    If you want to improve, you should pay attention to those who are succeeding, respect them and try to be like them.

    Bangladesh is rocketing ahead. Pakistan is not behind Bangladesh in human capital and other resources. Learn from Hasina and Bangladesh.
    Bangladesh this bangladesh that

    This thread is about Pakistan we dont care about bangladesh.

  42. #602
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    Quote Originally Posted by kk1992 View Post
    Some are here with their one point agenda while trying to act clever and smart despite presenting nothing to support their agenda.

    And its easy to spot them, claiming 10 years ago, would have never believed Bangladeshi economy would be better than Pakistans show how much they have understanding of Pakistan economy, anyone who had basic understanding of economy knew 10 years ago what was going to happen but the clever RSS/BJP/Hindutva would try to present as they know everything about it.

    Anyone can support their agenda with copy and paste.

    Dont waste your time with them, usually they exist the thread when no one agree with their agenda claiming you are going to suffer if you do not listen to me, arrogance and haughtiness is almost nauseating.
    I dont understand why such people are pushing their agenda on threads that have no relevance to them.

    Bangladesh has got nothing to do with Pakistan why is the guy continuously blabbing on about Bangladesh.

    If Bangladesh are so good why dont they invest in the huge prevalent poverty in their country.

    @Napa stop flexing Bangladesh when half your country is in poverty lol.

    By the way as far as hasina is concerned shes a dictator and Bangladesh is a one party state lol.

  43. #603
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    Quote Originally Posted by Minnowbasher View Post
    I dont understand why such people are pushing their agenda on threads that have no relevance to them.

    Bangladesh has got nothing to do with Pakistan why is the guy continuously blabbing on about Bangladesh.

    If Bangladesh are so good why dont they invest in the huge prevalent poverty in their country.

    @Napa stop flexing Bangladesh when half your country is in poverty lol.

    By the way as far as hasina is concerned shes a dictator and Bangladesh is a one party state lol.
    Nothing wrong in comparison and competition, it should be welcome.

    But when it is one point agenda driven while ignoring other fcts then you lose credibility.

  44. #604
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    FDI in Pakistan soars to 30-month high at $487m

    KARACHI: Long-term foreign investors have finally staged a much-awaited comeback in different sectors of the economy, like power and telecommunication, following clarity in the government’s economic policies.

    Foreign direct investment (FDI) hit a two-and-a-half-year high at $487 million in December 2019. This comes to over one-third of the total FDI inflow of $1.34 billion in the first six months (Jul-Dec) of the current fiscal year 2019-20, the State Bank of Pakistan (SBP) reported on Thursday.

    “FDI has remained consecutively (on a month-on-month basis) high. This shows the return of foreign investors’ confidence in the domestic economy,” Arif Habib Limited Head of Research Samiullah Tariq told The Express Tribune.
    A noteworthy development is that it was not only China, which has made a multi-year high investment of $328.3 million during the month, but many other countries have also poured in comparatively and historically higher investment. These include Hong Kong, Hungary, Japan, South Korea, Malta, the Netherlands and United Kingdom.

    The revival in long-term investment is seen after short-term foreign portfolio investors poured a significant $1.67 billion into debt instruments like T-bills and Pakistan Investment Bonds (PIBs) in the first seven months (Jul-Jan) of the current fiscal year 2019-20. Besides, the short-term investors have slowed down sale of shares at the Pakistan Stock Exchange (PSX) following aggressive selling of stocks in the past four years.

    FDI increased over 52% to $487 million in December compared to $319.5 million in the same month of last year, the SBP said.

    Cumulatively, in first six months of the current fiscal year, the foreign investment soared 68% to $1.34 billion compared to $796.8 million in the same period of last fiscal year, it added.

    The improving FDI numbers on a month-on-month basis have suggested “it (FDI) would maintain upward movement in the months to come,” Tariq said.

    The long-term foreign investors have gradually gained confidence in the domestic economy “partly due to clarity about the currency,” he said.

    The rupee-dollar exchange rate has remained stable-to-positive since July 2019 compared to high volatility and over 52% depreciation of the rupee against the US dollar in the prior 18-month period.

    “The improvement in currency encouraged foreign firms to make pending investment. For example, the mobile phone service providing companies have paid licence renewable fee (with a lag) as they expected no major currency (rupee) depreciation in the near future,” the analyst added.

    Pakistan’s foreign currency reserves have surged 58% since June 2019 to over a 21-month high at $11.58 billion on January 10, 2020. The reserves have maintained the uptrend despite the country successfully paid off over $4 billion debt, including interest payment, since July 2019, he said. “This means foreign inflows have remained significantly high in the country (since July) and helped in gaining foreign investors’ confidence in the domestic economy,” he said.

    As soon as more clarity on the government’s economic policies would come, the environment for foreign investment would improve further. For example, the clarity in telecom policy attracted the license renewable fees from telecom operators. “Similarly, the clarity on new petroleum policy is gradually emanating. This should see improved foreign investment in petroleum industry going forward,” he said.

    Country-wise FDI

    China has once again emerged as the single largest investor in Pakistan in December, as it poured $328.3 million in December. This was followed by Hong Kong with $32.7 million, Japan $29.1 million, Malta $18.5 million, South Korea $15 million, the Netherlands $14 million and United Kingdom invested $10.2 million in the month.

    Cumulatively in the first half (Jul-Dec) of the current fiscal year, China invested a net $422.5 million compared to $217.1 million in the same period of last year. Norway invested $288.5 million compared to a divestment worth $9.1 million. Malta invested $111.1 million compared to an outflow of $70 million in the same six-month of last year.


    Source: https://tribune.com.pk/story/2138820...nth-high-487m/


    Raise your words, not voice. It's rain that grows flowers, not thunder... (Rumi)

  45. #605
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    Quote Originally Posted by WebGuru View Post
    FDI in Pakistan soars to 30-month high at $487m

    KARACHI: Long-term foreign investors have finally staged a much-awaited comeback in different sectors of the economy, like power and telecommunication, following clarity in the government’s economic policies.

    Foreign direct investment (FDI) hit a two-and-a-half-year high at $487 million in December 2019. This comes to over one-third of the total FDI inflow of $1.34 billion in the first six months (Jul-Dec) of the current fiscal year 2019-20, the State Bank of Pakistan (SBP) reported on Thursday.

    “FDI has remained consecutively (on a month-on-month basis) high. This shows the return of foreign investors’ confidence in the domestic economy,” Arif Habib Limited Head of Research Samiullah Tariq told The Express Tribune.
    A noteworthy development is that it was not only China, which has made a multi-year high investment of $328.3 million during the month, but many other countries have also poured in comparatively and historically higher investment. These include Hong Kong, Hungary, Japan, South Korea, Malta, the Netherlands and United Kingdom.

    The revival in long-term investment is seen after short-term foreign portfolio investors poured a significant $1.67 billion into debt instruments like T-bills and Pakistan Investment Bonds (PIBs) in the first seven months (Jul-Jan) of the current fiscal year 2019-20. Besides, the short-term investors have slowed down sale of shares at the Pakistan Stock Exchange (PSX) following aggressive selling of stocks in the past four years.

    FDI increased over 52% to $487 million in December compared to $319.5 million in the same month of last year, the SBP said.

    Cumulatively, in first six months of the current fiscal year, the foreign investment soared 68% to $1.34 billion compared to $796.8 million in the same period of last fiscal year, it added.

    The improving FDI numbers on a month-on-month basis have suggested “it (FDI) would maintain upward movement in the months to come,” Tariq said.

    The long-term foreign investors have gradually gained confidence in the domestic economy “partly due to clarity about the currency,” he said.

    The rupee-dollar exchange rate has remained stable-to-positive since July 2019 compared to high volatility and over 52% depreciation of the rupee against the US dollar in the prior 18-month period.

    “The improvement in currency encouraged foreign firms to make pending investment. For example, the mobile phone service providing companies have paid licence renewable fee (with a lag) as they expected no major currency (rupee) depreciation in the near future,” the analyst added.

    Pakistan’s foreign currency reserves have surged 58% since June 2019 to over a 21-month high at $11.58 billion on January 10, 2020. The reserves have maintained the uptrend despite the country successfully paid off over $4 billion debt, including interest payment, since July 2019, he said. “This means foreign inflows have remained significantly high in the country (since July) and helped in gaining foreign investors’ confidence in the domestic economy,” he said.

    As soon as more clarity on the government’s economic policies would come, the environment for foreign investment would improve further. For example, the clarity in telecom policy attracted the license renewable fees from telecom operators. “Similarly, the clarity on new petroleum policy is gradually emanating. This should see improved foreign investment in petroleum industry going forward,” he said.

    Country-wise FDI

    China has once again emerged as the single largest investor in Pakistan in December, as it poured $328.3 million in December. This was followed by Hong Kong with $32.7 million, Japan $29.1 million, Malta $18.5 million, South Korea $15 million, the Netherlands $14 million and United Kingdom invested $10.2 million in the month.

    Cumulatively in the first half (Jul-Dec) of the current fiscal year, China invested a net $422.5 million compared to $217.1 million in the same period of last year. Norway invested $288.5 million compared to a divestment worth $9.1 million. Malta invested $111.1 million compared to an outflow of $70 million in the same six-month of last year.


    Source: https://tribune.com.pk/story/2138820...nth-high-487m/
    $500m FDI in just Dec.... Ya Allah patwariyon ko sabar o tahammul ata farma. Ameen.

  46. #606
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    Quote Originally Posted by WebGuru View Post
    FDI in Pakistan soars to 30-month high at $487m

    KARACHI: Long-term foreign investors have finally staged a much-awaited comeback in different sectors of the economy, like power and telecommunication, following clarity in the government’s economic policies.

    Foreign direct investment (FDI) hit a two-and-a-half-year high at $487 million in December 2019. This comes to over one-third of the total FDI inflow of $1.34 billion in the first six months (Jul-Dec) of the current fiscal year 2019-20, the State Bank of Pakistan (SBP) reported on Thursday.

    “FDI has remained consecutively (on a month-on-month basis) high. This shows the return of foreign investors’ confidence in the domestic economy,” Arif Habib Limited Head of Research Samiullah Tariq told The Express Tribune.
    A noteworthy development is that it was not only China, which has made a multi-year high investment of $328.3 million during the month, but many other countries have also poured in comparatively and historically higher investment. These include Hong Kong, Hungary, Japan, South Korea, Malta, the Netherlands and United Kingdom.

    The revival in long-term investment is seen after short-term foreign portfolio investors poured a significant $1.67 billion into debt instruments like T-bills and Pakistan Investment Bonds (PIBs) in the first seven months (Jul-Jan) of the current fiscal year 2019-20. Besides, the short-term investors have slowed down sale of shares at the Pakistan Stock Exchange (PSX) following aggressive selling of stocks in the past four years.

    FDI increased over 52% to $487 million in December compared to $319.5 million in the same month of last year, the SBP said.

    Cumulatively, in first six months of the current fiscal year, the foreign investment soared 68% to $1.34 billion compared to $796.8 million in the same period of last fiscal year, it added.

    The improving FDI numbers on a month-on-month basis have suggested “it (FDI) would maintain upward movement in the months to come,” Tariq said.

    The long-term foreign investors have gradually gained confidence in the domestic economy “partly due to clarity about the currency,” he said.

    The rupee-dollar exchange rate has remained stable-to-positive since July 2019 compared to high volatility and over 52% depreciation of the rupee against the US dollar in the prior 18-month period.

    “The improvement in currency encouraged foreign firms to make pending investment. For example, the mobile phone service providing companies have paid licence renewable fee (with a lag) as they expected no major currency (rupee) depreciation in the near future,” the analyst added.

    Pakistan’s foreign currency reserves have surged 58% since June 2019 to over a 21-month high at $11.58 billion on January 10, 2020. The reserves have maintained the uptrend despite the country successfully paid off over $4 billion debt, including interest payment, since July 2019, he said. “This means foreign inflows have remained significantly high in the country (since July) and helped in gaining foreign investors’ confidence in the domestic economy,” he said.

    As soon as more clarity on the government’s economic policies would come, the environment for foreign investment would improve further. For example, the clarity in telecom policy attracted the license renewable fees from telecom operators. “Similarly, the clarity on new petroleum policy is gradually emanating. This should see improved foreign investment in petroleum industry going forward,” he said.

    Country-wise FDI

    China has once again emerged as the single largest investor in Pakistan in December, as it poured $328.3 million in December. This was followed by Hong Kong with $32.7 million, Japan $29.1 million, Malta $18.5 million, South Korea $15 million, the Netherlands $14 million and United Kingdom invested $10.2 million in the month.

    Cumulatively in the first half (Jul-Dec) of the current fiscal year, China invested a net $422.5 million compared to $217.1 million in the same period of last year. Norway invested $288.5 million compared to a divestment worth $9.1 million. Malta invested $111.1 million compared to an outflow of $70 million in the same six-month of last year.


    Source: https://tribune.com.pk/story/2138820...nth-high-487m/
    Lol patwaris gonna disappear for another month now and come back with fabricated reports that our economy had gotten worse etc etc.

  47. #607
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    Quote Originally Posted by Syed1 View Post
    $500m FDI in just Dec.... Ya Allah patwariyon ko sabar o tahammul ata farma. Ameen.
    Quote Originally Posted by Minnowbasher View Post
    Lol patwaris gonna disappear for another month now and come back with fabricated reports that our economy had gotten worse etc etc.
    I am sure they are going to use the excuse "oh but it's Chinese money mostly and they are going to buy Pakistan". Ignoring the fact that it's FDI on a 30-months high!


    Raise your words, not voice. It's rain that grows flowers, not thunder... (Rumi)

  48. #608
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    The poor people on the streets, whose expenses have doubled and standard of living has dropped further because of Khan Saab’s reforms, are certainly rejoicing the FDI.

  49. #609
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    Quote Originally Posted by Mamoon View Post
    The poor people on the streets, whose expenses have doubled and standard of living has dropped further because of Khan Saab’s reforms, are certainly rejoicing the FDI.
    Oh so now those who have looted and plundered from the hands of the poor are getting compassionate about their condition? If you have so much 'ehsaas' about the poor and hungry maybe you can give back the millions your family has looted and are enjoying an elite standard of living through theft.

  50. #610
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    The pattern is so easy to detect.

    First it was dollar will hit 200 in Dec 2019.

    Thn we saw Stock Exchange was going down and almost every day there were headlines tweets and posts here oh look at the poor policies of PTI Govt thn Stock Exchange bounced back but instead of appreciating they switched the blame to other things (as expected)

    First it was Govt can't collect taxes from traders only poor salary persons are the victim and when Govt tried to force traders to get them in tax net the whole anti-PTI brigade jumped on traders bandwagon when traders tried to blackmail govt with 2 days shutter down call.

    Thn they used excuses like oh look no foreign direct investment because investors are not showing trust in govt thn we saw improvement in FDI and now they are switching to other excuses

    These are just examples of hypocrisy because anyone with basic knowledge of economy knows the signs are positive and with stability the results will come down to a common man but it will take time you can't just stand up and undo the damage done in decades within a short time.


    Raise your words, not voice. It's rain that grows flowers, not thunder... (Rumi)

  51. #611
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    Quote Originally Posted by Syed1 View Post
    Oh so now those who have looted and plundered from the hands of the poor are getting compassionate about their condition? If you have so much 'ehsaas' about the poor and hungry maybe you can give back the millions your family has looted and are enjoying an elite standard of living through theft.
    By the grace of Allah I don’t need looted wealth to enjoy an elite standard of living. All praise to Him.

    Furthermore, let me educate you. When you work for FBR, you do not loot the poor. You get cuts from the rich in exchange for reducing tax.

    Tax evasion is a serious problem in Pakistan. The rich don’t want to pay taxes but the government obviously has to collect them.

    As a result, in order to collect revenue, FBR officers make deals with the rich and everyone wins.

    For example, to keep things simple, assume that a person owes 1 crore in tax which they refuse to pay. Now as an FBR officer you cannot go to the government empty handed and the person who owes the tax also knows that he cannot get away with not paying a penny.

    Thus, you will make an arrangement. You will tinker with the numbers and that person will now owe you 60 lakh instead of 1 crore.

    You will ask him to pay 70 lakh and you will pocket the 10 lakh while giving the government 60 lakh in revenue.

    Everybody wins because:

    - the government gets 60 lakh instead of nothing.

    - the person gets to save 30 lakh.

    - you get to pocket 10 lakhs.

    Is it unethical? Of course, but that is what gets the system running. This corruption works like an oil on engine.

    The government is obviously aware of this and they accept it because that is how the system functions.

    That is why you won’t see the government or the NAB/FIA talk much about eliminating the corruption in FBR. The truth is that this corruption is essential to collect revenue.

    This is happening today as well - do you think all the bhangra by FBR over increase in revenue collection is down to people suddenly becoming more willing to pay taxes because it is Naya Pakistan?

    Finally, don’t talk about whether I help the poor or not. Only Allah knows the reality.

    I might be the most charitable person or the least charitable person. There is no way I can defend or prove either position.

    Hence, there is no point in talking about things that cannot be proved. However, if you want to run your mouth to score points, you are free to do so.

    The point of my post was to show you how corruption in FBR is different from corruption in other departments of bureaucracy or politics where the impact of corruption is felt by the poor people directly.
    Last edited by Mamoon; 17th January 2020 at 16:53.

  52. #612
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    Quote Originally Posted by Mamoon View Post
    The poor people on the streets, whose expenses have doubled and standard of living has dropped further because of Khan Saab’s reforms, are certainly rejoicing the FDI.
    They aren’t.

    No one in this thread has denied it.

    Why are you playing dumb? Is it because you have unstoppable urge to criticize whenever you see IK, Army and Pakistan?

  53. #613
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    KARACHI: Pakistan received a record foreign investment of $2.225 billion in treasury bills during the current fiscal year. The latest T-bills auction held on Jan 15 yielded $537.9 million — the highest amount for a single auction which was also confirmed by the State Bank of Pakistan.

    While the speedy foreign investment helped the government improve its reserves, it set off a debate among economists and analysts, with some believing the ‘hot money’ could leave the country in one go, spelling disaster for the economy. However, others supported the idea of increasing the reserves by accepting foreign investment in the local papers.

    The government had during the Jan 15 auction received Rs1.1 trillion, but raised Rs274bn in T-bills. The data issued by the State Bank on Friday showed that over 95 per cent investment in T-bills came from the United Kingdom and United States. Out of the total investment of $537.9m, $456.7m came from the UK and $80.2m from the US.

    During the current fiscal year, investment from the UK stood at $1.392bn and that from the US at $758.3m.

    The inflows through T-bills helped the government build its reserves which pushed the State Bank reserves to $11.568bn and the country’s total reserves to $18.123bn.

    $537.9 million of ‘hot money’ raised in last auction alone

    Bankers dealing in the currency market said the inflows of dollars through T-bills had stabilised the exchange rate, which was visible during the short spell of a war-like situation between Iran and the US; neither the demand was high nor had its rate increased.

    “It is much better to borrow through T-bills rather than issue Eurobonds to raise foreign exchange. We saw that the government paid $1bn to retire the Eurobonds debt in December 2019 without issuing another Eurobonds,” said Samiullah Tariq, director research at Arif Habib Limited.

    The government used to issue another Eurobonds to pay the previous one.

    Mr Tariq said the only risk involved in the T-bills investment, which is described as hot money, was that it might leave the country in one go without any restriction. “But it is only possible if something happens extraordinary against the country or the economy,” he added.

    A senior banker said the ‘hot money’ was currently a requirement as it reduced government worries about borrowing from other sources to meet the current account deficit. Another positive point, he added, was that the government would pay back interest in rupees against these foreign investments and investors would buy dollar from the market to take it out of the country.

    However, he said the interest rate would remain high to attract and retain the ‘hot money’. The high interest rate has dangerous impact on the local trade and industry as borrowing by the private sector has already reduced drastically to Rs138bn during the current fiscal up to Jan 10, compared to Rs495bn during the same period last fiscal year.

    Bankers and analysts said the high foreign exchange liquidity was an added attraction for foreign direct investment as the investors judged the ability of the economy and its risks while they found it possible to take out their investments.

    “I believe interest rate will come down gradually with the increased foreign exchange liquidity,” said Samiullah Tariq.

    https://www.dawn.com/news/1528985/fo...es-record-22bn


    For the latest updates on Cricket, follow @PakPassion on Twitter

  54. #614
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    Quote Originally Posted by MenInG View Post
    KARACHI: Pakistan received a record foreign investment of $2.225 billion in treasury bills during the current fiscal year. The latest T-bills auction held on Jan 15 yielded $537.9 million — the highest amount for a single auction which was also confirmed by the State Bank of Pakistan.

    While the speedy foreign investment helped the government improve its reserves, it set off a debate among economists and analysts, with some believing the ‘hot money’ could leave the country in one go, spelling disaster for the economy. However, others supported the idea of increasing the reserves by accepting foreign investment in the local papers.

    The government had during the Jan 15 auction received Rs1.1 trillion, but raised Rs274bn in T-bills. The data issued by the State Bank on Friday showed that over 95 per cent investment in T-bills came from the United Kingdom and United States. Out of the total investment of $537.9m, $456.7m came from the UK and $80.2m from the US.

    During the current fiscal year, investment from the UK stood at $1.392bn and that from the US at $758.3m.

    The inflows through T-bills helped the government build its reserves which pushed the State Bank reserves to $11.568bn and the country’s total reserves to $18.123bn.

    $537.9 million of ‘hot money’ raised in last auction alone

    Bankers dealing in the currency market said the inflows of dollars through T-bills had stabilised the exchange rate, which was visible during the short spell of a war-like situation between Iran and the US; neither the demand was high nor had its rate increased.

    “It is much better to borrow through T-bills rather than issue Eurobonds to raise foreign exchange. We saw that the government paid $1bn to retire the Eurobonds debt in December 2019 without issuing another Eurobonds,” said Samiullah Tariq, director research at Arif Habib Limited.

    The government used to issue another Eurobonds to pay the previous one.

    Mr Tariq said the only risk involved in the T-bills investment, which is described as hot money, was that it might leave the country in one go without any restriction. “But it is only possible if something happens extraordinary against the country or the economy,” he added.

    A senior banker said the ‘hot money’ was currently a requirement as it reduced government worries about borrowing from other sources to meet the current account deficit. Another positive point, he added, was that the government would pay back interest in rupees against these foreign investments and investors would buy dollar from the market to take it out of the country.

    However, he said the interest rate would remain high to attract and retain the ‘hot money’. The high interest rate has dangerous impact on the local trade and industry as borrowing by the private sector has already reduced drastically to Rs138bn during the current fiscal up to Jan 10, compared to Rs495bn during the same period last fiscal year.

    Bankers and analysts said the high foreign exchange liquidity was an added attraction for foreign direct investment as the investors judged the ability of the economy and its risks while they found it possible to take out their investments.

    “I believe interest rate will come down gradually with the increased foreign exchange liquidity,” said Samiullah Tariq.

    https://www.dawn.com/news/1528985/fo...es-record-22bn
    The best thing about these T Bills is that we are paying back to these investors in rupees in stead of dollars like we did in past.

  55. #615
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    Quote Originally Posted by WebGuru View Post
    The best thing about these T Bills is that we are paying back to these investors in rupees in stead of dollars like we did in past.
    This should be a very short term thing because hot money creates huge problem in the longer term. We should move away from any sort of borrowing( easier said then done) as we dont generate the incomes to pay it back and all that happens is that we borrow more to pay off the previous debts.

  56. #616
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    Taxing the traders - https://tribune.com.pk/story/2140024...es-defaulters/

    As always in Pakistan, I guess effectiveness depends on whether the law will be properly implemented or not!

  57. #617
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    Quote Originally Posted by MenInG View Post
    KARACHI: Pakistan received a record foreign investment of $2.225 billion in treasury bills during the current fiscal year. The latest T-bills auction held on Jan 15 yielded $537.9 million — the highest amount for a single auction which was also confirmed by the State Bank of Pakistan.

    While the speedy foreign investment helped the government improve its reserves, it set off a debate among economists and analysts, with some believing the ‘hot money’ could leave the country in one go, spelling disaster for the economy. However, others supported the idea of increasing the reserves by accepting foreign investment in the local papers.

    The government had during the Jan 15 auction received Rs1.1 trillion, but raised Rs274bn in T-bills. The data issued by the State Bank on Friday showed that over 95 per cent investment in T-bills came from the United Kingdom and United States. Out of the total investment of $537.9m, $456.7m came from the UK and $80.2m from the US.

    During the current fiscal year, investment from the UK stood at $1.392bn and that from the US at $758.3m.

    The inflows through T-bills helped the government build its reserves which pushed the State Bank reserves to $11.568bn and the country’s total reserves to $18.123bn.

    $537.9 million of ‘hot money’ raised in last auction alone

    Bankers dealing in the currency market said the inflows of dollars through T-bills had stabilised the exchange rate, which was visible during the short spell of a war-like situation between Iran and the US; neither the demand was high nor had its rate increased.

    “It is much better to borrow through T-bills rather than issue Eurobonds to raise foreign exchange. We saw that the government paid $1bn to retire the Eurobonds debt in December 2019 without issuing another Eurobonds,” said Samiullah Tariq, director research at Arif Habib Limited.

    The government used to issue another Eurobonds to pay the previous one.

    Mr Tariq said the only risk involved in the T-bills investment, which is described as hot money, was that it might leave the country in one go without any restriction. “But it is only possible if something happens extraordinary against the country or the economy,” he added.

    A senior banker said the ‘hot money’ was currently a requirement as it reduced government worries about borrowing from other sources to meet the current account deficit. Another positive point, he added, was that the government would pay back interest in rupees against these foreign investments and investors would buy dollar from the market to take it out of the country.

    However, he said the interest rate would remain high to attract and retain the ‘hot money’. The high interest rate has dangerous impact on the local trade and industry as borrowing by the private sector has already reduced drastically to Rs138bn during the current fiscal up to Jan 10, compared to Rs495bn during the same period last fiscal year.

    Bankers and analysts said the high foreign exchange liquidity was an added attraction for foreign direct investment as the investors judged the ability of the economy and its risks while they found it possible to take out their investments.

    “I believe interest rate will come down gradually with the increased foreign exchange liquidity,” said Samiullah Tariq.

    https://www.dawn.com/news/1528985/fo...es-record-22bn
    Wow, private borrowing has reduced so drastically. I know they have crazy interest rates at the moment to keep the reserves high, but this surely must be having a major impact on SME’s

  58. #618
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    People can’t even afford bread anymore. Naya Pakistan.

  59. #619
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    Quote Originally Posted by Mamoon View Post
    People can’t even afford bread anymore. Naya Pakistan.
    And some ***** claimed that corruption is not a problem.

    "NAB raided Govt godowns in Kandhkot and Kashmor and found wheat worth Rs 1.20 billion missing.

    SUKKUR (Dunya News) - A team of National Accountability Bureau (NAB) Sukkur conducted raids on wheat godowns in Kandhkot and Kashmor in Sindh province on Friday and found that wheat worth Rs 1.2 billion missing.

  60. #620
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    Quote Originally Posted by Bewal Express View Post
    And some ***** claimed that corruption is not a problem.

    "NAB raided Govt godowns in Kandhkot and Kashmor and found wheat worth Rs 1.20 billion missing.

    SUKKUR (Dunya News) - A team of National Accountability Bureau (NAB) Sukkur conducted raids on wheat godowns in Kandhkot and Kashmor in Sindh province on Friday and found that wheat worth Rs 1.2 billion missing.
    This corrupt numpty thinks everybody is as dumb as him













  61. #621
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    Quote Originally Posted by Syed1 View Post
    This corrupt numpty thinks everybody is as dumb as him












    These crisis are created by the mafia on a weekly basis. IK needs to get preemptive and deal with them. In the old days the crisis were created by a run on the banks, today you create artificial shortages. There is no doubt the mafia are looking to bring down the govt.

  62. #622
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    If the flour shortage wasn’t bad enough, the price of sugar has hiked as well. The writing is one the wall for this joker government. By far the most incompetent and clueless government in history.

    Imran Khan is getting a reality check the hard way. It is far easier to stand on top of a container and shout expletives rather than run the country.

    Perhaps we should let the boots manage our agricultural produce as well. There won’t be any shortages and price hikes.

  63. #623
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    Quote Originally Posted by Mamoon View Post
    If the flour shortage wasn’t bad enough, the price of sugar has hiked as well. The writing is one the wall for this joker government. By far the most incompetent and clueless government in history.

    Imran Khan is getting a reality check the hard way. It is far easier to stand on top of a container and shout expletives rather than run the country.

    Perhaps we should let the boots manage our agricultural produce as well. There won’t be any shortages and price hikes.
    Why did you run away from the Sindh evidence. I thought they were competent. Where did the wheat go?
    This is a full on onslaught by the mafia to bring down the govt, it's called a conspiracy and treacherous behaviour and IK needs to be become the dictator that you said he was.

  64. #624
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    Quote Originally Posted by Mamoon View Post
    If the flour shortage wasn’t bad enough, the price of sugar has hiked as well. The writing is one the wall for this joker government. By far the most incompetent and clueless government in history.

    Imran Khan is getting a reality check the hard way. It is far easier to stand on top of a container and shout expletives rather than run the country.

    Perhaps we should let the boots manage our agricultural produce as well. There won’t be any shortages and price hikes.
    Why did you run away from the Sindh evidence. I thought they were competent. Where did the wheat go?
    This is a full on onslaught by the mafia to bring down the govt, it's called a conspiracy and treacherous behaviour and IK needs to be become the dictator that you said he was.

  65. #625
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    Quote Originally Posted by Bewal Express View Post
    Why did you run away from the Sindh evidence. I thought they were competent. Where did the wheat go?
    This is a full on onslaught by the mafia to bring down the govt, it's called a conspiracy and treacherous behaviour and IK needs to be become the dictator that you said he was.
    Partly a news, partly an analysis.

    One lesser evil to deal with.
    PMLn is no more interested in PM seat.
    (Buzz word : "Volume-10").

    Tell that to @Mamoon

    If I say more on this topic, I risk my post to deleting.

  66. #626
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    Quote Originally Posted by Bewal Express View Post
    Why did you run away from the Sindh evidence. I thought they were competent. Where did the wheat go?
    This is a full on onslaught by the mafia to bring down the govt, it's called a conspiracy and treacherous behaviour and IK needs to be become the dictator that you said he was.
    What is there to reply? The problem with PTI and its cult-followers is that they assume that the whole world are fools and cannot see through their drama.

    Can PTI and its cult-followers get any less predictable?

    When something good happens, they take the credit. When things go awry, it is always someone else’s fault.

    When they were in provincial power in KP, they would blame the federal government of PMLN whenever they would goof up. Now that they are in federal power, they are targeting and blaming the province where they are not in power.

    If PTI were in power in Sindh and PMLN were in power in Punjab, then this whole crisis would have been PMLN’s fault.

    It is not a conspiracy; it is the incompetency of the federal government. As I said, perhaps we should let the military handle agriculture produce as well, since apparently they are the only functional institution in the country.

  67. #627
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    Quote Originally Posted by Mamoon View Post
    What is there to reply? The problem with PTI and its cult-followers is that they assume that the whole world are fools and cannot see through their drama.

    Can PTI and its cult-followers get any less predictable?

    When something good happens, they take the credit. When things go awry, it is always someone else’s fault.

    When they were in provincial power in KP, they would blame the federal government of PMLN whenever they would goof up. Now that they are in federal power, they are targeting and blaming the province where they are not in power.

    If PTI were in power in Sindh and PMLN were in power in Punjab, then this whole crisis would have been PMLN’s fault.

    It is not a conspiracy; it is the incompetency of the federal government. As I said, perhaps we should let the military handle agriculture produce as well, since apparently they are the only functional institution in the country.
    Why did you run away from the Sindh corruption? Why was there a shortage in Sindh, couldn't Billo show some of the competence that you go on about. Why hasn't Billo cracked down on the theft?
    The conspiracy is not even secret, AZ said so in parliament. The media create panic, people run to the shops and we have a crisis. PK had enough wheat to export last year.
    All the mafias are scared and like you, they want to go back to the old days of thieving. You are a direct beneficiary of the crooked system.

  68. #628
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    Quote Originally Posted by Mamoon View Post
    What is there to reply? The problem with PTI and its cult-followers is that they assume that the whole world are fools and cannot see through their drama.

    Can PTI and its cult-followers get any less predictable?

    When something good happens, they take the credit. When things go awry, it is always someone else’s fault.

    When they were in provincial power in KP, they would blame the federal government of PMLN whenever they would goof up. Now that they are in federal power, they are targeting and blaming the province where they are not in power.

    If PTI were in power in Sindh and PMLN were in power in Punjab, then this whole crisis would have been PMLN’s fault.

    It is not a conspiracy; it is the incompetency of the federal government. As I said, perhaps we should let the military handle agriculture produce as well, since apparently they are the only functional institution in the country.
    Hold up.

    A person who is always desiring and fetching negative lecturing others.

    When was the last time you provided a solution to Pakistan’s problem.

    Let me make it easy for you, including Kashmir and Army in your lengthy essay of moaning and highlighting problems is not a solution.

  69. #629
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    @Bewal Express found your fav clip Miftah exposing Dar's short term policies and appreciating the devaluation under his ministry and thn in interim govt.


    Raise your words, not voice. It's rain that grows flowers, not thunder... (Rumi)

  70. #630
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    Quote Originally Posted by WebGuru View Post
    @Bewal Express found your fav clip Miftah exposing Dar's short term policies and appreciating the devaluation under his ministry and thn in interim govt.
    This is just tragic for Nooras and the idiots that find the current Account deficit funny. Miftah nails the stupidity and dishonesty of Munshi. @Mamoon, can you critique Miftahs admission.

  71. #631
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    Quote Originally Posted by Bewal Express View Post
    This is just tragic for Nooras and the idiots that find the current Account deficit funny. Miftah nails the stupidity and dishonesty of Munshi. @Mamoon, can you critique Miftahs admission.
    Yea and i remember it clearly the devaluation process started under Miftah and had already hit 120+ in care taker govt under care taker finance minister Shamshad Akhtar (ex SBP Governor) before even IK came into office.


    Raise your words, not voice. It's rain that grows flowers, not thunder... (Rumi)

  72. #632
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    Quote Originally Posted by WebGuru View Post
    Yea and i remember it clearly the devaluation process started under Miftah and had already hit 120+ in care taker govt under care taker finance minister Shamshad Akhtar (ex SBP Governor) before even IK came into office.
    The over valuation served its political purpose in that it allowed Nooras to hide the truth but it left the country bankrupt.

  73. #633
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    Quote Originally Posted by Bewal Express View Post
    The over valuation served its political purpose in that it allowed Nooras to hide the truth but it left the country bankrupt.
    And Noora'a paid media first covered this fact that this one single act of PMLN govt contributed massively in bankruptcy and CAD, Thn the same media gone a step further and blamed PTI govt for the devaluation and appreciated PMLN for keep $ undervalued by burning the reserves.


    Raise your words, not voice. It's rain that grows flowers, not thunder... (Rumi)

  74. #634
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    Quote Originally Posted by WebGuru View Post
    And Noora'a paid media first covered this fact that this one single act of PMLN govt contributed massively in bankruptcy and CAD, Thn the same media gone a step further and blamed PTI govt for the devaluation and appreciated PMLN for keep $ undervalued by burning the reserves.
    The media is part of the mafia and needs to dealt with. IK to nice for his own good

  75. #635
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    ISLAMABAD: The inflation rate has risen to 14.6 per cent in January from 12.6pc of the previous month, scaling the highest level in 12 years, the Pakistan Bureau of Statistics (PBS) reported on Saturday.

    Inflation, measured by the Consumer Price Index (CPI), edged up 1.97pc over the previous month. Last time, the highest inflation in the country was recorded at 17pc in the year 2007-08.

    The data released shows that higher food prices, particularly of wheat and flour, pulses, sugar, gur and edible oil, have been the largest driver of overall inflation in January.

    It has also been observed that the prices of essential food items, especially vegetable and fruits, are higher in rural areas than in urban areas. In rural areas, the prices of LPG cylinders used for cooking purpose have also witnessed highest ever increase since 2013.

    The pass-through of exchange rate depreciation and higher international commodity prices, in addition to strong underlying demand pressures, started to reflect in higher year-on-year inflation from July 2019.

    High food prices are largest driver of overall inflation

    Food inflation in urban areas rose by 19.5pc in January on a yearly basis and 2.7pc on a monthly basis whereas it increased by 23.8pc and 3.4pc, respectively, in rural areas. It clearly shows that food inflation is very high in rural areas where most of the population lives, which is an unprecedented phenomenon.

    In urban areas, the food items which saw an increase in their prices include: pulse moong 19.74pc, pulse gram 18.2pc, chicken 17.53pc, eggs 14.28pc, wheat 12.63pc, besan 12.09pc, fresh vegetables 11.7pc, pulse mash 10.29pc, gur 9.49pc, beans 8.09pc, wheat flour 7.42pc, pulse masoor 7.33pc, condiments and spices 7.15pc, gram whole 6.68pc, sugar 5.07pc, fresh fruits 3.93pc, mustard oil 2.87pc, wheat products 2.64pc, vegetable ghee 2.18pc, rice 1.2pc, fish 1.19pc and dry fruits 1.09pc.

    On the flipside, items whose prices declined in urban areas include: onion 18.37pc, tomato 8.36pc and potato 3.69pc.

    In rural areas the food items which saw a price hike include: pulse moong 18.7pc, chicken 17.3pc, fresh vegetables 15.39pc, pulse gram 14.21pc, eggs 12.89pc, gur 12.84pc, besan 9.97pc, wheat 9.07pc, pulse masoor 6.77pc, vegetable ghee 6.55pc, cooking oil 6.48pc, pulse mash 6.31pc, wheat flour 6.16pc, mustard oil 5.13pc, condiments and spices 4.85pc, beans 4.54pc, sugar 4.36pc, gram whole 4.22pc, dry fruits 3.54pc, butter 2.49pc, potato 1.96pc, meat 1.82pc, rice 1.77pc, wheat products 1.67pc and milk powder 1.4pc .

    With the arrival of crops, especially vegetables, in Punjab, it is predicted that food prices will come down. The prices of tomato, onion and potato and other vegetables will come down in February and March.

    Similarly, non-food inflation in urban centres was recorded at 10.2pc year-on-year, while it was 10.5pc in rural areas. The rise in non-food inflation is mainly driven by an increase in oil prices over the past few months and a combined impact of depreciation of the exchange rate. The government passed on this increase to domestic consumers.

    The International Monetary Fund has estimated that the country’s inflation may rise as high as 13pc, but the government estimates that it will remain within the range of 11-13pc for the current fiscal year.

    The Asian Development Bank in its outlook projected annual inflation in Pakistan at 12pc.

    The urban CPI covers 35 cities and 356 consumer items, while the rural CPI tracks 27 rural centres and 244 items. The former grew by 13.4pc year-on-year in January, whereas the latter jumped by 16.3pc.

    The core inflation rate in urban areas was 7.9pc in January as against 7.5pc in the previous month, according to the new methodology. The core inflation rate in rural areas was 9pc in January, while it was 8.1pc in the previous month.

    The central bank determines the key policy rate — currently at 13.25pc — on the basis of the core inflation rate. The average inflation between July-January was 11.6pc as against 5.9pc over the same period last year.

    Average inflation measured by the Sensitive Price Index crawled up to 15.35pc in July-January period from 2.12pc during the same period last year, while the Wholesale Price Index dipped to 13.61pc from 16.27pc.

    https://www.dawn.com/news/1531984/ja...st-in-12-years


    For the latest updates on Cricket, follow @PakPassion on Twitter

  76. #636
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    For IK it's Control inflation or lose the election. For a start deal with the mafias and reform the supply side.

  77. #637
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    The common man in the streets are cursing our savior. Looks like they have not visited this thread and have not seen the colorful charts and statistics presented by armchair insaafians.

    The government doesn’t have a clue on how to tackle inflation, and it will prove to be their end.

  78. #638
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    Quote Originally Posted by Mamoon View Post
    The common man in the streets are cursing our savior. Looks like they have not visited this thread and have not seen the colorful charts and statistics presented by armchair insaafians.

    The government doesn’t have a clue on how to tackle inflation, and it will prove to be their end.
    So the Government has no clue on how to tackle inflation - please enlighten the common man on how to tackle inflation.

    Let see how deep you are in your armchair.

  79. #639
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    Quote Originally Posted by Mamoon View Post
    The common man in the streets are cursing our savior. Looks like they have not visited this thread and have not seen the colorful charts and statistics presented by armchair insaafians.

    The government doesn’t have a clue on how to tackle inflation, and it will prove to be their end.
    Let's here your blue print. And I mean something other than generalised guff.

  80. #640
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    Quote Originally Posted by Bewal Express View Post
    This is just tragic for Nooras and the idiots that find the current Account deficit funny. Miftah nails the stupidity and dishonesty of Munshi. @Mamoon, can you critique Miftahs admission.
    Can you go and look at which countries have the highest current account deficits in the world and please explain to me what impact does having such a high current account deficit have on their economy.




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