Pakistani Economic Stress Watch

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member_29089
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Re: Pakistani Economic Stress Watch

Postby member_29089 » 28 Oct 2015 08:27

2015 Ease Of Doing Business, Bakistan Drops by 10 Places :((

Quote
Pakistan in fact has slipped 10 spots from 128 last year while China has moved six spots in a year from 90 since the last report.

Quote:
"For any big economy, a rank improvement of 12 is a remarkable achievement. Going from 142 in the world to 130, as India has done, is very good sign. It gives a good signal about the way things are moving in India,"

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Re: Pakistani Economic Stress Watch

Postby Manish_P » 28 Oct 2015 20:04

^ Huh What ?

So last year Pakistan was at 128 while India was at 142 ??

:roll:

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Re: Pakistani Economic Stress Watch

Postby chetak » 29 Oct 2015 07:37

Manish_P wrote:^ Huh What ?

So last year Pakistan was at 128 while India was at 142 ??

:roll:


do not underestimate the greed factor of our ill famed politico baboo(n) complex factor and their innovative ability to gum up the works.

as only one example, remember shashikala and her demands that was driving auto industries to move away from TN and invest in Modi's gujarat

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Re: Pakistani Economic Stress Watch

Postby partha » 29 Oct 2015 12:21

GunterH wrote:2015 Ease Of Doing Business, Bakistan Drops by 10 Places :((

Quote
Pakistan in fact has slipped 10 spots from 128 last year while China has moved six spots in a year from 90 since the last report.

Quote:
"For any big economy, a rank improvement of 12 is a remarkable achievement. Going from 142 in the world to 130, as India has done, is very good sign. It gives a good signal about the way things are moving in India,"

This is one more of case of Pakis copying Modi govt's action.
"Modi Govt is tracking ease of doing business metric, we should also do".
"Look ma, we also talk about ease of doing business".

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Re: Pakistani Economic Stress Watch

Postby Manish_P » 29 Oct 2015 14:01

@Chetak

Perhaps so... but aren't another metrics like Number, Size and Quality of businesses more important ?

This seems to be more on the lines of 4 towel retailers from africa and 2 Cement Slab entities from the middle east wanted to set up business in Pakistan and half of them got clearances as compared to 4 Giant , 20 large, 100 medium and 500 small corporations from all across the world wanted to set up business in India and only a third of them got clearances.

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Re: Pakistani Economic Stress Watch

Postby member_29089 » 01 Nov 2015 08:20

Rejoice, Meethai, Badhai... Bakistan is FAILED already as admitted by a great Bakistani

Gem found by JhujarJi

Jhujar wrote:Islam's symbol Pakistan No 1 Country in Girls Prostitution



Cross posting from "STUFUPAKI" thread. I love the words used by this host..
(translating) "it is proven that in Governance, Democracy, and Islamic Principles we have failed as nation... watch our program" :lol:

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Re: Pakistani Economic Stress Watch

Postby SaiK » 02 Nov 2015 06:47

http://idrw.org/pak-senate-may-discuss- ... more-77242

so apparently, the afpak tremor is because of modi! :D

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Re: Pakistani Economic Stress Watch

Postby wig » 02 Nov 2015 09:22

news that an investigation into anti dumping duty has been launched against Tariq glass industries limited, Pakistan. the exports appear to have been routed through KSA and UAE.

Seeks to order provisional assessment on imports of Clear Float Glass of nominal thickness ranging from 4 mm to 12 mm (both inclusive), the nominal thickness being as per BIS 14900 2000, falling under the headings 7003, 7004, 7005, 7009, 7013, 7015, 7016, 7018, 7019, 7020 of the First Schedule to the Customs Tariff Act, originating in or exported from Pakistan, Saudi Arabia and UAE by M/s Tariq Glass Industries Limited, Pakistan (exporter) till the finalization of New Shipper Review initiated by DGAD, initiated vide notification No. 15/16/2015-DGAD, dated 23rd September, 2015 - 53/2015 - Dated 30-10-2015 - Anti Dumping Duty


the conclusions of the investigation


I. the subject goods have been exported to India from the subject countries below the associated normal values, thus resulting in dumping of the subject goods;

ii. the domestic industry has suffered material injury in respect of the subject goods; and

iii. the dumped imports of the subject goods from the subject countries have caused material injury to the domestic industry



the source
http://cbec.gov.in/htdocs-cbec/customs/ ... add53-2015

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Re: Pakistani Economic Stress Watch

Postby K Mehta » 13 Nov 2015 09:28

Latest estimate of "circular debt"

Pakistan’s circular debt has swelled to Rs661 billion this year, IMF’s Washington-based mission chief for the country said last week.


These estimates are conservative and are probably on the lower side. This is equal to 7 billion $ approximately.

Immediately after coming to power in June 2013, the PML-N government cleared Rs480 billion worth of circular debt.

So almost 3 billion dollars per annum was added to "circular debt" despite low price of oil.

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Re: Pakistani Economic Stress Watch

Postby K Mehta » 14 Nov 2015 12:26

Bill of grab e azz

Dar told the upper house on Friday that Operation garb-e-Azz will cost the national kitty up to Rs190 billion

“Foreign countries had pledged $6 billion for the expenses being incurred on the operation but the government has received only $350 million. We are meeting expenses from our own resources,”

Dar said the total external debt liability of the country was $65 billion and the figure of $68 billion quoted by the opposition was wrong.

the finance minister said that foreign loans had become indispensable for the country, which had been declared a macroeconomic instable country by international financial institutions in 2013.

Dar said the external public debt stood at over Rs18 trillion

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Re: Pakistani Economic Stress Watch

Postby K Mehta » 18 Nov 2015 22:14

Quarterly update on Baki Budget

The Ministry of Finance has withheld funds amounting to Rs79.4 billion out of the Rs150.6 billion sanctioned by the planning ministry for development spending in the first quarter after it failed to curtail current expenses.

The amount blocked to keep overall spending within limits prescribed by the International Monetary Fund (IMF) is higher than the actual development spending of Rs71.3 billion from July through September.

Out of Rs71.3 billion, an amount of 52.6 billion was given for the rehabilitation of Temporarily Displaced Persons (TDP) affected by the on-going Operation Zarb-e-Azab.

This has left very little for development activities and in many cases the money is only sufficient enough to pay salaries of projects staff, said sources in the Ministry of Planning.

The achievement of overall budget deficit target of 4.3% of the GDP hinges on the provinces’ abilities to save Rs297 billion or roughly 1% of the GDP from their budgets.

However, instead of showing any savings, the provinces posted Rs29 billion deficit, creating serious problems for the federal government to manage the books.

The debt servicing consumed Rs416 billion or 48% of the total expenditures, while another 17% expenses were incurred on defence affairs.


Note that the money for grab e azz would also be end up being used by the TSPA.

They seem to be in a worse state than even what I guesstimated here.
viewtopic.php?f=1&t=5728&start=960#p1859078

Their plan for 297 billion pkr provincial surplus is going up in smoke, as are their tax revenue estimates. And most of their expense can't be cut down except for developmental expense.

Strangely though, their quarterly expenditure on military is lower than 25% of their annual estimate (around 147 billion pkr in this quarter out of 790 billion annual military budget), but that may be due to either this being the first quarter and/or it being covered up by say funds for "rehabilitation of Temporarily Displaced Persons (TDP) affected by the on-going Operation grab-e-Azz".

On the other hand, if ganja has truly reduced military spending, it is gonna lead to interesting situations.

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Re: Pakistani Economic Stress Watch

Postby Suraj » 18 Nov 2015 23:13

Suraj wrote:My earlier post referred to the pre-industrial nature of the Pakistani economy. As a comparative data point, the total electricity generation installed capacity in Pakistan is a mere 23GW. For the purposes of comparison, India added 22.6GW last year (2014-15):
pankajs wrote:PIB India @PIB_India · 25m 25 minutes ago >>
* 22,566 MW capacity added during current year against a target of 17,830 MW. Highest ever achievement in a single year. #1TrillionUnits
* Power generation during current year is 1048 BU .Growth of 8.4% over the previous year. Highest growth in last two decades. #1TrillionUnits
* Annual electricity generation crosses #1TrillionUnits. First time in our history .

So far between Jan and Oct 2015, India added 21GW in installed capacity or approximately one Pakistan, to go from 260 to 281GW in installed capacity.

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Re: Pakistani Economic Stress Watch

Postby Paul » 21 Nov 2015 22:09

The panel noted that Pakistan Railways remains under-utilised and mismanaged, leading to deterioration of assets and financial results.

Panel co-chair Babar Badat said that Pakistan remained one of the least connected countries in the world.

A slide showing railways expenditure highlighted Rs21.8bn (39pc) went to salaries, Rs14.9bn (26.7pc) to pension, Rs11bn (19.4) fuel, Rs3.6bn (6.4pc) repair and maintenance, Rs2.3bn (4.1pc) electricity and Rs2bn (3.5pc) miscellaneous.

Yet another one showed analysis of train operations in 1974-75 and 2013-14. Daily passenger trains went down from 452 in 1974-75 to 90 in 2013-14, passengers carried dropped from 399,205 to 130,657, freight trains down to 6 from 179, freight carried daily was down to 4,410 tonnes from four decades ago when it was 36,622 tonnes.

Meanwhile, employees per train per day increased from 217 in 1974-75 to 1,008 in 2013-14.


http://www.dawn.com/news/1220851

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Re: Pakistani Economic Stress Watch

Postby Prem » 22 Nov 2015 06:02

Paul wrote:
Yet another one showed analysis of train operations in 1974-75 and 2013-14. Daily passenger trains went down from 452 in 1974-75 to 90 in 2013-14, passengers carried dropped from 399,205 to 130,657, freight trains down to 6 from 179, freight carried daily was down to 4,410 tonnes from four decades ago when it was 36,622 tonnes.


Bakistan rail Hai yaan Disneystan Orlando ki Mono rail?

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Re: Pakistani Economic Stress Watch

Postby Prem » 22 Nov 2015 06:09

edited

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Re: Pakistani Economic Stress Watch

Postby jrjrao » 22 Nov 2015 16:06

Somebody must have taken away Gobar's whiskey bottle. Because he is writing sensibly, for once.

Behold the ‘beauty’ of democracy: death by a thousand debts
Government and private sector idiots have foisted the illusion in our minds that our salvation lies in the China-Pakistan Economic Corridor. How, when $11 billion for building the road is a government-to-government loan and $34 billion will be loans from private banks, probably Chinese, to private sector Chinese-Pakistani joint ventures mostly comprising coal-fired power projects that will add to pollution and climate change. Worse, we will import the coal from China. The Chinese partners will take all their profits, if any, to China while the cost of coal from China will be paid by Pakistan. Has anyone considered the quantum of the foreign exchange outflow and what it will do to our balance of payments?

China? Sure it has a large enough reserve to pay off our entire debt, but why would it? Or America write it off? Perhaps, but only they take our soul and also take with it our freedom, independence and sovereignty with it as collateral. We could become another de facto province of China or America, or even colony if you like. For beginners, they would take all our Public Sector Enterprises and more. They would literally own us and our country. I you want it, good luck, but let me tell you that China might prove to be toughest owners. Take your pick. Whoever pays off our debt and takes our irons out of the hellfire with also buy us lock, stock and barrel.

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Re: Pakistani Economic Stress Watch

Postby Paul » 25 Nov 2015 09:49


omar r quraishi
‏@omar_quraishi Pakistan's Airport Security Force increases size to 9,000 -- and now is headed by a two star general as opposed to a brigadier before


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Re: Pakistani Economic Stress Watch

Postby Abhay_S » 28 Nov 2015 23:28

found this discussion About CPEC. a short summary of the Chinese analyst Lianchao Han's view.

https://www.youtube.com/watch?v=u1ahrMhq9LQ

1. This is a pet project of Pres Xi and its a rush of blood to his Head
2. The projects are not well researched and the route is difficult to maintain
3. A reference point for CPEC is China's development in its Western regions that has failed.
4. for a solar project in Karachi Pakistan is paying 33% interest :rotfl:
5. high interest rates will cause resentment in the paki public.
6. This is a road to no-where.

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Re: Pakistani Economic Stress Watch

Postby A_Gupta » 29 Nov 2015 03:12

^^^ Abhay_S, thanks, that Hudson Institute session has many interesting aspects!

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Re: Pakistani Economic Stress Watch

Postby shiv » 29 Nov 2015 09:00

Abhay_S wrote:found this discussion About CPEC. a short summary of the Chinese analyst Lianchao Han's view.

https://www.youtube.com/watch?v=u1ahrMhq9LQ

1. This is a pet project of Pres Xi and its a rush of blood to his Head
2. The projects are not well researched and the route is difficult to maintain
3. A reference point for CPEC is China's development in its Western regions that has failed.
4. for a solar project in Karachi Pakistan is paying 33% interest :rotfl:
5. high interest rates will cause resentment in the paki public.
6. This is a road to no-where.

There is one thing that stands out in that discussion (to me at least) - and it's not new to me or to BRF. In fact that was the real reason for calling Pakistan as STFUP - "Sunni Terrorist fragments"

Pakistan is several ethnic entities lumped together. Ethnic entities are often separate nations unless they can be bound by some other factor like language, religion or culture. Islam is is no glue. So all this talk of "stabilizing Pakistan" is, in my view completely useless. Pakistan will have to be split up into about 3 countries to become stable. But Pakjabi nukes are holding it together

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Re: Pakistani Economic Stress Watch

Postby Avinash R » 29 Nov 2015 19:49

TEXTILE WORKERS UNEMPLOYMENT RISING IN PUNJAB
http://pakobserver.net/detailnews.asp?id=280733

Salim Ahmed

Sunday, November 29, 2015 - Lahore—The All Pakistan Textile Mills Association (APTMA) Chairman Aamir Fayyaz has said that unemployment of textile workers is on the rise in Punjab because of the delay in the announcement of textile package by the government. He said over two dozen mills have been totally closed down in the province while a large number of mills have reduced to their operations to two shifts, which has left thousands of textile workers jobless.

He said the exports data of last four months was showing a constant decline in textile exports but the government was delaying the announcement of textile package since August. “So much so, a meeting with the Prime Minister Nawaz Sharif has also proved useless who had given a commitment of resolving textile industry issues in September,” he added. He lamented that the month of November is near to an end but there is no clue of any textile package by the government. “The textile workers are slipping out of their jobs one after another and the government is yet considering the textile package,” he argued.

He said the textile industry is considered to be growth engine and employment generator in the region but the government in Pakistan is showing a cold shoulder to the textile industry, which is quite confusing. He said the government was not announcing a log term policy for revival of textile industry against India, Bangladesh and China were extensive support is being extended to the textile industry for job creation.

Resultantly, he added, the share of Bangladesh in the world market has increased to 4 percent from 1.9 percent in 2006, India 5 percent from 3.4 percent in 2006, China 40 percent from 27 percent in 2006.”While Pakistan has registered a meager improvement of 2.2 percent from 1.6 percent in 2006,” he said. In 2020, he said, the projected growth of Bangladesh, India and China would be 6 percent, 7 percent and 56 percent in the world market against 1.4 percent of Pakistan, which stands at 1.6 percent at present.

He said the NEPRA notification suggest that actual cost of electricity is Rs4.59 per unit while the government was charging Rs14 per unit from the textile industry by burdening it with the system inefficiencies. He said the textile exports have declined in terms of quantity and value, which is leading to job losses of textile workers.

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Re: Pakistani Economic Stress Watch

Postby Vipul » 13 Dec 2015 18:06

Pakistan’s external debt set to grow to whopping $90b.

Pakistan’s external debt is projected to grow to a whopping $90 billion in the next four years and the country will need $20 billion a year just to meet its external financing requirements amid concerns that all constitutional arrangements put in place to manage debt have become ineffective.

The external debt figures compiled by renowned economist and the country’s former finance minister Dr Hafiz Pasha are about $14 billion higher than the projections made by the International Monetary Fund.

Dr Pasha on Saturday shared his doomsday scenario in a National Debt Conference, arranged by the Policy Research Institute of Market Economy (PRIME) – an independent think tank.

Dr Pasha’s projections are based on official data. The $14 billion difference was mainly on account of foreign loans that will fly in to finance China Pakistan Economic Corridor (CPEC) projects. The government is not including CPEC loans in total public debt. :D

“At the moment, we do not have details about the loans that will be taken under the CPEC,” said Ehtesham Rashid, Director General of the Debt Office at the Ministry of Finance, while responding to these projections. He said once details are available, the Office may have to re-do the entire debt management strategy.

There is enormous support for the CPEC in Pakistan but this game-changing corridor has financial implications for the country that have to be highlighted for better management of debt, said Dr Pasha. His comments come after State Bank of Pakistan governor Ashraf Wathra in an interview last week said there was a need to divulge more details on the debt and investment portions of CPEC, stressing the need for more transparency on part of the government.

Dr Pasha said by 2018-19 amortisation payments would double to $8.3 billion. The current account deficit – the gap between external payments and receipts – will exponentially widen to 4% of the total size of the economy against this year’s level of just under 1% of GDP, he said.

The current account deficit will widen due to import of machinery and plants for CPEC projects, in addition to imported fuel like Liquefied Natural Gas and coal.

As against IMF’s projections of just $8.6 billion requirement, Dr Pasha said that total external financing needs, including bridging the current account deficit and repayment of loans, will alarmingly triple to $20 billion by 2018-19.“This will push the total external debt to $90 billion by 2018-19, showing a growth of 38% over current volume of the foreign debt of over $65 billion,” said Dr Pasha.

He said Pakistan’s exports would have to improve to at least $36 billion if the alarming increase in debt was to be arrested. The country’s exports currently hover around the $24-billion mark.

The constitutional arrangements put in place to better manage debt are not effectively working as there is hardly any serious debate in the Council of Common Interests and National Economic Council on the debt issue, said Abdul Wajid Rana, former Secretary Finance. He said the Debt Management Office has become subservient to Secretary Finance and was not autonomous.

Sakib Sherani, former Principal Economic Advisor to Ministry of Finance, said that the government was playing with debt numbers. His comments come after the government’s decision to exclude non-plan loans from public debt.

He said the debt-to-GDP ratio has become irrelevant in case of Pakistan as the country lacks the capacity to repay the debt even at its current 65% level of debt-to-GDP ratio.

“In case of Pakistan, the debt-to-revenue ratio is more relevant. 350% would be the limit, beyond which it wouldn’t be sustainable. Currently, this ratio stands at an alarming 523%,” said Sherani.
“By 2018-19, the debt-to-revenue ratio will be over 750%,” said Dr Pasha.

In order to ensure transparency, there must be a law requiring government to take parliamentary approval of any deal signed with the foreign governments and lending agencies, said Dr Kaiser Bengali, an economic consultant to government of Balochistan.

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Re: Pakistani Economic Stress Watch

Postby A_Gupta » 13 Dec 2015 20:32

Pakistan has missed its opportunity to open up trade with India while it had something of a competitive advantage over India.

In 2010, Pakistan ranked 85th in the Ease of Doing Business Index; India ranked 133rd.
In 2015, Pakistan ranked 138th, India ranked 130th -- and the report cut-off date for data was even while GOI was in the process of simplifying regulations, for e.g., start up of a business.

The best time to open up for trade for two economies is while the smaller/weaker one still has some competitive advantages. That window has passed, I think; in particular, the current Government of India is very keen on climbing up these competitive rankings, and so Pakistan will find it hard to keep up.

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Re: Pakistani Economic Stress Watch

Postby A_Gupta » 17 Dec 2015 19:46

http://www.dawn.com/news/1226829/state-bank-on-exports
Pakistan’s export performance as been “patchy and volatile” since the 1970s, says the report, arguing this is the result of “inconsistency in our trade policies, and the fact that Pakistan’s exports have always been, and still are, very much resource-based”. Cotton and rice have dominated our exports for decades now, and the global appetite for these products determines the ebb and flow of our external account in significant ways.

The roots of today’s stagnation are traced back to 2005, and the emergence of a quota-free trade regime around the world. Some countries were able to adapt to this new world and quadrupled their exports. India, Bangladesh, Cambodia and Vietnam are the examples given. Other countries could not adapt, and struggled to keep their heads above water — Pakistan, Indonesia and the Philippines.

The failure to adapt to a changing world goes back further than the emergence of the WTO. There has been the legacy of import substitution, which has hampered any trade policy thinking beyond bread and butter issues like “rebates, subsidised credit, duty drawbacks, R&D fund allocation, etc” that took the bulk of the focus in successive trade policies, rather than a comprehensive shift towards incentivising exports. A lack of investment in education meant that the talent pool required for new industries did not exist, absence of intellectual property rights hampered knowledge-based industries, and the concentration of foreign investment in serving the domestic market only meant FDI played no role in boosting exports.

Instead, Pakistan simply revved the engines of cotton and rice harder and harder to try and generate foreign exchange.

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Re: Pakistani Economic Stress Watch

Postby A_Gupta » 23 Dec 2015 03:31

http://www.geo.tv/article-208017-Gas-cr ... -in-Punjab
LAHORE: With an increased demand for natural gas amid dipping temperatures, the gas crisis is worsening in Punjab and Islamabad as low pressure, coupled with unscheduled loadshedding, has forced citizens in many urban areas to use firewood.


Gas shortage has also started affecting various parts of Karachi, including Gulistan-e-Jauhar, Gulshan-e-Iqbal, Garden and old city areas.

The Sui Southern Gas Company said that pressure could not be increased on gas pipelines as these lines were very old and had rusted. The company said that more pressure could cause leakages in the pipelines.

On the other hand, power loadshedding also continued in Lahore even on Sunday, the weekly holiday. Owing to annual closure of canals, production of hydel power has decreased to a large extent. Now, besides other cities and towns of Punjab, Lahore is also experiencing night-time loadshedding for long hours. Currently, big cities in Punjab are facing 10 hours of power loadshedding and the rural areas facing up to 14 hours of outages

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Re: Pakistani Economic Stress Watch

Postby ramana » 23 Dec 2015 04:03

Who owns the debt that TSP has? The amount looks like $90B which is $14B more than IMF reported

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Re: Pakistani Economic Stress Watch

Postby Bhurishrava » 23 Dec 2015 11:33

LAHORE: With an increased demand for natural gas amid dipping temperatures, the gas crisis is worsening in Punjab and Islamabad as low pressure, coupled with unscheduled loadshedding, has forced citizens in many urban areas to use firewood.


What do they need gas in winters for. Do they heat homes with it like in Europe ?!

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Re: Pakistani Economic Stress Watch

Postby habal » 23 Dec 2015 12:12

if you look at map, northern punjab incl Islamabad is at same latitude as Srinagar. Housing is not insulated with foam/mineral wool etc like in west. So they will need some heating.

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Re: Pakistani Economic Stress Watch

Postby deejay » 23 Dec 2015 12:29

habal wrote:if you look at map, northern punjab incl Islamabad is at same latitude as Srinagar. Housing is not insulated with foam/mineral wool etc like in west. So they will need some heating.


Mostly Bukhari heating. Some kero- heaters. Atleast that was 10 years ago in Indian Kashmir. Not sure what is it in Pakistan. I am sure pipeline laying to every household will be hailed as a major Islamic engineering triumph and we would have heard of it.

Having said that, at least in urban areas there seems to be some demand of gas based heating system in Pakistan:
http://www.pakwheels.com/forums/non-wheels-discussions/202285-central-heating-system-home-2

Quoting a particularly informative reply on the forum :
- The shortage of power & gas will challenge the human endurance in low temperature areas -

buy roll of jumbolon, unroll it on roof top in mid of day at start of low temp season, it will insulates the roof. for rain expectation keep inclination angle so water drains out via slope. during sunlight hours keep window pans closed use heavy drapes/curtain on the window pans after sunlight hours heat is isolated in rooms. use flexible thick sheet nailed to door sills so there is no air flow when doors are closed.

keep warm clothes on specially woollen socks & thermals, unroll/ unfold the quilt, blanket. dulai, lehaaf, on bed before sliding under it.

if & when gas is available warm up the rooms while keeping doors & windows closed.

- http://www.crackwheels.com - A skilled Dictator is much more beneficial to Country......than a Democracy of Ignorant people


Another comment on the same forum:
We were using them in our old home

you need a boiler, pipes, some sort of small electric motor (for water distribution often built with the boiler) and radiators, plus doors and windows should remain closed all the time to maintain the temperature, it normally takes 2 days to warmup the whole house, and our gas bill was used to be extremely high due to the boiler (new boilers are better but it will cost you very much) ideally the house should be carpeted wall to wall to increase effiecintly of central heating. I also used to put my towel, cloths on radiator to keep them warm.


Based on Pakistani culture and attitude towards winters Central heating are no substitute of gas heaters, yet they are safe as compared to gas heater you can keep the radiators on 24x7 without any fear of carbon monoxide gas, they keep out winter dryness. Yet poor installation can cause serious damag to your home..and of course they are expensive and running/maintaince is also expensive....other options can be buy a genuine exhaust free japanese rinnai gas heater and use it the way you like.

Do not argue with an idiot. He will drag you down to his level and beat you with experience.

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Re: Pakistani Economic Stress Watch

Postby habal » 23 Dec 2015 12:42

if they use cement and brick to build houses in Islamabad, then they are going to be screwed in winter. This setup absorbs whatever cold there is in surroundings and transfers the chill right into the home. Worst material for winters without electricity and natural gas. Unless one tightly packs the stomach with layers, this incessant chill will result in frozen extremities and loose bowels in elderly, and young ones will have to keep eating to generate warmth.

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Re: Pakistani Economic Stress Watch

Postby Abhay_S » 23 Dec 2015 23:43

Pakis mostly use gas for cooking and is delivered thru Pipes. they use to laugh at us Cylinder walas but now are all praise for this system as shortages have started and the infra is crumbling. Most of the gas is sourced either from Sindh or Balochistan and the problem worsens in winters as the muhajirs of Karachi use gas for water heaters/gysers mostly on jumma.

http://www.dawn.com/news/1187617

Mr Zubair Motiwala said Punjab’s contribution in national production of gas was only five per cent against which it was consuming 45 per cent while Sindh, which was producing 73 per cent of gas, was being given only 29 per cent. “This is an injustice with us, therefore it must be done away with,” he urged.

http://www.dawn.com/news/1227497

“Another reason for the low pressure is consumers have installed compressors in the domestic units that suck gas from the main supply lines.”

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Re: Pakistani Economic Stress Watch

Postby disha » 25 Dec 2015 00:41

It will be such a warm situation if both Sindh and Punjab go into a gas war!

Indian Deep State must encourage gas war between Sindh and Punjab. The centrifugal forces acting on Bakistan must be accelerated.

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Re: Pakistani Economic Stress Watch

Postby Falijee » 25 Dec 2015 22:56

Bhurishrava wrote:
LAHORE: With an increased demand for natural gas amid dipping temperatures, the gas crisis is worsening in Punjab and Islamabad as low pressure, coupled with unscheduled loadshedding, has forced citizens in many urban areas to use firewood.


What do they need gas in winters for. Do they heat homes with it like in Europe ?!


Gas is used mainly for cooking (Pindi-Channa ) :mrgreen:

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Re: Pakistani Economic Stress Watch

Postby partha » 26 Dec 2015 06:04

http://tribune.com.pk/story/1016032/liquefied-natural-gas-govt-seeks-to-negotiate-gwadar-pipeline-cost/
Liquefied natural gas: Govt seeks to negotiate Gwadar pipeline cost

“This is the first project under the China-Pakistan Economic Corridor for which the technical and financial bids have been opened,” another official said.

The Chinese government would provide a cheap loan covering 85% of the project cost and the Pakistani government would contribute 15% of funds.

Looks like we will have to wait for the next Govt to know the exact loan terms when they accuse Shariff Govt of taking expensive loans from China at 7-8%.

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Re: Pakistani Economic Stress Watch

Postby member_23370 » 26 Dec 2015 06:14

Its 17-18% interest not 7-8%. The CPEC is ponzi scheme and everyone involved knows it.


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Pakistani Economic Stress Watch

Postby Peregrine » 27 Dec 2015 00:51


Faleeji : From the above link

ISLAMABAD December 23, 2015 6:01 pm (Web Desk) – Finance Minister Ishaq Dar on Wednesday has said that Pakistan’s foreign exchange reserves have reached a record high of $21 billion.

According to a statement, issued by PM Office, Dar on Wednesday informed Prime Minister (PM) Nawaz Sharif that foreign exchange reserves have reached a record high of $21 billion. He said of the $21bn in foreign exchange reserves, $16billion are with the State Bank of Pakistan (SBP), while $5billion remain with commercial banks.

The finance minister said SBP’s share has, during the last year, increased from $3bn to $16 billion. Liar, Liar Pants on Fire – see table below

PM Nawaz lauded the performance of the economic team led by Dar, and observed that Pakistan is back on track with respect to economic growth. He said political stability had improved security in the country, and transparency in public sector governance had also resulted in growth.

LIQUID FOREIGN EXCHANGE RESERVES IN US$ MILLIONS

END PERIOD...WITH SBP........COMM BANKS.......TOTAL
2010-11…………14,783.6………..3,460.2……………….18,243.8
.
2011-12…………10,803.3………..4,485.3………………..15,288.6

2012-13………….06,008.4……….5,011.2………………..11,019.6

2013-14………….09,097.5……….5,043.6………………..14,141.1

2014-15………….13,525.7……….5,173.5…………………18,699.2

4-Dec-15………..15,441.4……….5,009.5…………………20,450.9

11-Dec-15……….15,719.3………4,990.0…………………20,709.3
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Re: Pakistani Economic Stress Watch

Postby UlanBatori » 27 Dec 2015 04:19

Daily passenger trains went down from 452 in 1974-75 to 90 in 2013-14, passengers carried dropped from 399,205 to 130,657, freight trains down to 6 from 179, freight carried daily was down to 4,410 tonnes from four decades ago when it was 36,622 tonnes.


But daily bombs per train went up from 0.005 in 1973-74 to 1.6 in 2015?

Have u guys correlated the figure of $4.29B remitttance from Pakistan to India in 2014. with the 'displaced persons' and other figures? Aren't the RAPE salting away their ass-ets in India? Those, if true, must be non-hawala, reported deposits in banks & other financial institutions (stock market, probably). They will serve as seed (over-the-table money) for much larger remittances in real estate under the table. If this is true, then either Pakistanis are about to buy India, or they are about to run away. Or both.

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Pakistani Economic Stress Watch

Postby Peregrine » 03 Jan 2016 23:44

Govt to borrow Rs1.9 trillion in first quarter
KARACHI: The government will borrow Rs1.9 trillion from banks in the first quarter of the new calendar year mostly to meet domestic debt repayments.

The repayment or maturity amount is so huge that the government is bound to borrow more from the same banking system. At the same time, the government has also been borrowing to meet the fiscal gap.

This massive outflow of Rs1.9 trillion from the banking system during Jan-March will not allow banks to make advances for the private sector which showed some positive signs during the last couple of months.

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Re: Pakistani Economic Stress Watch

Postby ramana » 04 Jan 2016 01:17

Tell me about private sector vulnerability. Gvt will always be bailed out by 3.5 fourfathers.
How is cotton?


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