Pakistani Economic Stress Watch

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Atmavik
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Re: Pakistani Economic Stress Watch

Postby Atmavik » 20 Apr 2019 06:56

Anujan wrote:^^^^
Apparently Bajwa is unhappy about the direction economy is headed and wanted a replacement. He already put Ijaz Shah (famous Jihadi. Omar Sheikh Saeed, released by India after the plane hijack had "Surrendered" to him in a safe house when pakistanis were "looking" for him after Daniel pearls murder. ) As interior minister. Now wants army pasand technocrat as fin min.

Meanwhile apparently immy has expressed frustration of working in a parliamentary democracy and wants a presidential system.

My prediction: they will declare emergency, suspend parliament, exile or lamp post badmash, destroy opposition, create a mullah military party (Ijaz Shah is good at this) and make dimran the president


Start the coup watch.. i think the ground is being prepared for an emergency. pak will go back to one unit where states budgets will be cut.

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

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Re: Pakistani Economic Stress Watch

Postby yensoy » 20 Apr 2019 07:48

menon s wrote:^^^^^^
IK is about to travel to China soon, that answers, the question as to why? this bloke was dropped like a hot potato!


According to Rauf Klasra, who has his hand on the pulse in such matters, there were already a lot of factions within the PTI government opposed to Asad Umar; however they let him take all the unpopular measures in preparation for the bailout and once that was close to finalized they pushed hard to kick him out.

There is also the possibility that IMF wants like-minded individuals running the Paki economy post bailout, although where they will find such individuals is not known. There is the 3rd possibility that IMF bailout is not going to happen right away, at least without even more strict measures.

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Re: Pakistani Economic Stress Watch

Postby nandakumar » 20 Apr 2019 09:57

Pakistan is not going to turn current account surplus any time soon. They have no assets to sell or offer to portfolio investors for hard cash. In the circumstances IMF bailout money will only help pay old loans back.

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Re: Pakistani Economic Stress Watch

Postby Aditya_V » 20 Apr 2019 10:40

Unfortunately, I think the Pakis will think Jaziya is the only answer, they are going to get into some escalatory steps and hope they can come on top, we must use all our means to make they go down the barrel.

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Re: Pakistani Economic Stress Watch

Postby tandav » 20 Apr 2019 15:22

nandakumar wrote:Pakistan is not going to turn current account surplus any time soon. They have no assets to sell or offer to portfolio investors for hard cash. In the circumstances IMF bailout money will only help pay old loans back.


They have an Asset which they are illegally squatting on... India can give them development loan/grant to in return for them vacating Kashmir to India and solve all problems. In case they need more money Balochistan and Sindh can also be put on the block. Win Win for all?

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Re: Pakistani Economic Stress Watch

Postby Bart S » 20 Apr 2019 15:40

tandav wrote:
nandakumar wrote:Pakistan is not going to turn current account surplus any time soon. They have no assets to sell or offer to portfolio investors for hard cash. In the circumstances IMF bailout money will only help pay old loans back.


They have an Asset which they are illegally squatting on... India can give them development loan/grant to in return for them vacating Kashmir to India and solve all problems. In case they need more money Balochistan and Sindh can also be put on the block. Win Win for all?


Do you pay money to a cockroach to leave your house? Spray it with Hit or Baygon instead, and keep your money.

Better still, sprinkle diatomaceous earth in the areas that it frequents, it is not toxic to humans but will cut the cockroach's exoskeleton every time it walks on it and kill it slowly by dehydration. You probably can fill in the blanks to apply the analogy to Pakis.
Last edited by Bart S on 20 Apr 2019 15:49, edited 1 time in total.

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Re: Pakistani Economic Stress Watch

Postby tandav » 20 Apr 2019 15:48

Bart S wrote:
tandav wrote:
They have an Asset which they are illegally squatting on... India can give them development loan/grant to in return for them vacating Kashmir to India and solve all problems. In case they need more money Balochistan and Sindh can also be put on the block. Win Win for all?


Do you pay money to a cockroach to leave your house? Spray it with Hit or Baygon instead, and keep your money.


What if the cost of baygon is atrociously high or cockroach is immune to baygon or perhaps after dying emit very very stinky odor and infectious diseases and is hard to clean up. Better to lure it away if possible. Not saying it is possible but no harm in making an offer

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Re: Pakistani Economic Stress Watch

Postby menon s » 20 Apr 2019 16:29

Pakis need to be split into 4 countries, and their nukes confiscated. There is no other middle ground.

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Pakistani Economic Stress Watch

Postby Peregrine » 20 Apr 2019 17:14

Asad Umar’s exit may delay IMF bailout - Shahbaz Rana

ISLAMABAD: The International Monetary Fund (IMF) has decided to consult the new economic czar of Pakistan before sending its mission to Islamabad to negotiate a bailout package, which has left little space for Dr Abdul Hafeez Shaikh to make his first but closely watched move.

If the new adviser to the prime minister on finance takes longer than needed to decide calling the IMF mission, it could delay finalisation of the programme as well as the next budget.

Former finance minister Asad Umar had promised to unveil the budget for fiscal year 2019-20 on May 24.

This time, the IMF’s Executive Board would approve Pakistan’s loan request only after the approval of the new tax measures by parliament, even if both the sides reach a staff-level agreement.

Asad Umar sees hard times ahead for successor

“As it is the case with all IMF missions, the timing of the staff’s visit is decided in consultation with the country’s authorities. We will consult with Pakistani authorities on this matter in the upcoming days,” IMF Resident Representative for Pakistan Teresa Daban told The Express Tribune.

She had been requested to comment whether the removal of Umar as the finance minister would affect the upcoming IMF mission’s visit to Pakistan.

On Monday, the IMF had announced to send a mission to Pakistan “before end of April to continue discussions” from where Umar had left during his five-day trip to Washington.

President Dr Arif Alvi on Friday approved the appointment of Dr Abdul Hafeez Shaikh as adviser to the prime minister on finance, revenue and economic affairs, with the status of federal minister, with immediate effect, according to a notification of the Cabinet Division.

Shaikh arrived in Pakistan on the same day from the United Arab Emirates.

He confirmed to The Express Tribune that he on Friday resigned from the management of Rivendell PE LLC – a private equity and capital venture firm. Shaikh would also divest his shares in the firm to avoid the question of conflict of interest.

The other day, Prime Minister Imran Khan suddenly decided to remove Umar from his position after months-long lobbying by Jahangir Khan Tareen. The new keeper of I’m the Dim’s conscience!

The prime minister also appointed Shahzad Syed Qasim as special assistant on power and Nadeem Babar as special assistant on petroleum.

Hafeez Sheikh brought in to replace Asad Umar in major cabinet reshuffle

Shaikh has remained in the cabinet of former military dictator General (retd) Pervez Musharraf. He also served as the finance minister from (2010-2013) in the last tenure of the Pakistan Peoples Party.

Sources in the finance ministry said the IMF wanted to make sure that the new economic czar owned the commitments given by Umar.

They said that Shaikh also needed time to reconcile with the ground realities and assess the macroeconomic situation.

Shaikh is expected to build on the IMF programme from where Umar had left in order to save time.

Umar had announced that both the sides documented the agreement and an IMF mission would arrive in Islamabad this month to sort out technical details. The expected size of the IMF loan was estimated at be $7.5 billion to $8 billion by Umar.

Due to the difficult nature of the IMF conditions and its long-term political and economic consequences, it was justifiable for the new adviser to fully assess the implications of the IMF deal before inviting the mission to visit Pakistan.

The conditions that the IMF imposed in return for the bailout appeared stringent that would keep the PTI government on its toes.

The IMF is seeking a steep increase in tax revenues, cut in expenditures to sow a primary balance, flexible exchange rate regime, full disclosure of all types of financial arrangements with China and increase in electricity and gas prices.

All this would require huge political capital and it will be a challenging task for the new finance adviser to fulfil all these conditions and at the same time make sure that inflation does not go up, jobless rate does not increase and economic growth rate remains above 5%.

Umar had managed to get some concession from the IMF on Federal Board of Revenue’s tax-to-GDP ratio and primary balance level, although both these areas were still open for further discussions.

Pakistan’s second last programme with the IMF (2008-2010) ended prematurely on the watch of Shaikh when he could not get Reformed General Sales Tax Bill passed from parliament –a condition of the IMF at that time.

The IMF had not disbursed the remaining $3.2 billion out of a total of $11.4 billion deal.

Due to weak economic management, the IMF in 2011 had recommended in post programme monitoring report that president of Pakistan should sign future pacts to ensure its delivery. All that puts the IMF cat amongst the Terroristani Pigeons

There were also unconfirmed reports that Prime Minister Imran may appoint an economic advisory board to keep a check on the new finance adviser. It will have to been seen whether Shaikh would like to have such an arrangement where a parallel arrangement exists.

Any arrangement where there will be more than one finance minister would further slowdown the process of economic policymaking.

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Last edited by Peregrine on 20 Apr 2019 17:26, edited 1 time in total.

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Re: Pakistani Economic Stress Watch

Postby Vips » 20 Apr 2019 17:19

One of the famed economists in pakistan Ashfaq Hasan Khan who is otherwise reasonable has been against going to IMF (Only dissenter in Imran the charsi's economic advisory group). He has been frothing in the mouth saying how the international community wants Pakistan to get more IMF loans and fall into a bigger debt trap to the point where the only way out of the mess for pakistan was to de-denuclearize in exchange for writing off the loans.

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Pakistani Economic Stress Watch

Postby Peregrine » 20 Apr 2019 18:45

nandakumar wrote:Pakistan is not going to turn current account surplus any time soon. They have no assets to sell or offer to portfolio investors for hard cash. In the circumstances IMF bailout money will only help pay old loans back.
tandav wrote:They have an Asset which they are illegally squatting on... India can give them development loan/grant to in return for them vacating Kashmir to India and solve all problems. In case they need more money Balochistan and Sindh can also be put on the block. Win Win for all?
Bart S wrote:Do you pay money to a cockroach to leave your house? Spray it with Hit or Baygon instead, and keep your money.

Better still, sprinkle diatomaceous earth in the areas that it frequents, it is not toxic to humans but will cut the cockroach's exoskeleton every time it walks on it and kill it slowly by dehydration. You probably can fill in the blanks to apply the analogy to Pakis.
tandav wrote:What if the cost of baygon is atrociously high or cockroach is immune to baygon or perhaps after dying emit very very stinky odor and infectious diseases and is hard to clean up. Better to lure it away if possible. Not saying it is possible but no harm in making an offer
tandev Ji:

I admire you on the honourable sentiments by which you are actuated but History precludes us from gratifying them.

Never in the History of Invaders or Colonizers of India have they ever been benign or ever left India WITHOUT Destroying or Looting or Enslaving and Trying to Convert the Buddhist - Hindu – Jain – Sikh Population in the latest Holocaust of Partitioned India.

India’s Muslims – a substantial number from Kerala (who have taken to wearing Arab Jhibba) up to the Northern and Eastern Part of India are looking forward to have a Second Pakistan carved out of Present India!

I remember a Terroristani Army General, I forget his name, stating “ Kashmir is the first step. Jammu, Indian Punjab, Rajasthan, Gujarat and then the Rest of India will be the Final Pakistan”

This was just after the Indian Liberation of East Pakistan thus creating Bangladesh.

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Re: Pakistani Economic Stress Watch

Postby Bart S » 20 Apr 2019 19:04

Peregrine wrote:Asad Umar’s exit may delay IMF bailout - Shahbaz Rana

He confirmed to The Express Tribune that he on Friday resigned from the management of Rivendell PE LLC – a private equity and capital venture firm. Shaikh would also divest his shares in the firm to avoid the question of conflict of interest.



Interestingly he was also a part of the below PE firm that has/had major involvement from Rajat Gupta, Raj Rajaratinam, Victor Menzes and others with run ins with the law.
https://en.wikipedia.org/wiki/New_Silk_Route

However, this Rivendell PE seems to be a new avatar of the 'New Silk Route' group, going from the below (see website link there) and has a lot of the same people involved:
https://www.bloomberg.com/research/stoc ... d=46723447

Looks like a lot of shady stuff being done by these weasels. Also seems to have a lot of ties to, and operations in, India. :shock:

A Paki brigadier on one of their talk shows (who could not pronounce it clearly) was talking up his being on the board of that company as the most significant thing that made him suitable to be their new messiah. :lol:

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Re: Pakistani Economic Stress Watch

Postby chetak » 20 Apr 2019 19:22

tandav wrote:
Bart S wrote:
Do you pay money to a cockroach to leave your house? Spray it with Hit or Baygon instead, and keep your money.


What if the cost of baygon is atrociously high or cockroach is immune to baygon or perhaps after dying emit very very stinky odor and infectious diseases and is hard to clean up. Better to lure it away if possible. Not saying it is possible but no harm in making an offer


next and inevitable step is hawai chappal no 8.

This is what Modi is doing.

that the jehadis are screaming bleddy murder means that this method is working well.

Better to lure it away if possible. The GoI already makes, by far, the highest per capita investment to the benefit of the cashmeris.

No other Indian state comes even close in the amount of money lavished upon these traitors and jehadis besides providing them with medical and educational facilities unavailable to a vast majority of tax paying Indians

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Re: Pakistani Economic Stress Watch

Postby ramana » 21 Apr 2019 01:40

Ca almonds used to fund terror in India

viewtopic.php?p=2344863#p2344863

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Pakistani Economic Stress Watch

Postby Peregrine » 21 Apr 2019 04:05

Image

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Re: Pakistani Economic Stress Watch

Postby CalvinH » 21 Apr 2019 08:29

souravB wrote:
Peregrine wrote:
This increase of Rs 576 Billion at at Rs. 139 per US$ was about US$ 4.00 Billion.

Thus Pakistan’s Defence in 2018-19 is about US$ 14 Billion

These figures doesn't even include all the pensions, amenities, corner plots and khusboos.. also it doesn't include what fauji foundation diverts from their accounts.
If we take an educated guess and add all, the actual defense budget might come upto $20-22B. Almost 10% of their actual GDP.


Paki government revenues were 5228 Billion PKR in FY2018 (Wikipedia). Thats $ 43.56B with exchange rate of 1 USD = 120 PKR

FY18 $10 B expenditure on defense is 23% of revenues.

FY2019 Scenario
Revenues = $48 B (assuming 10% yoy growth)
Actual defence budget = $14 B (low) - $20 B (High)

As percentage of revenues = 29% (low) - 42%(High)

The race to maintain parity in defense with India is undoing their economy. Best part is that they can't even accept it so no real solution will ever be applied.

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Re: Pakistani Economic Stress Watch

Postby Vips » 21 Apr 2019 08:45

I have been stressing this time and time over. We should hike our defence budget by another 15-20% and just watch the fun unfold in Shitistan.

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Re: Pakistani Economic Stress Watch

Postby Singha » 21 Apr 2019 10:53

Hikes if any should never be to fund imports
It must be targeted hikes to benefit domestic production like tanks howitzers ammo missiles

And to push forward many underfunded projects

Markup and dalal lobby usually cannot benefit from 20% component imports as much as complete systems

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Re: Pakistani Economic Stress Watch

Postby Kashi » 21 Apr 2019 10:58

ramana wrote:Ca almonds used to fund terror in India

viewtopic.php?p=2344863#p2344863


x-post
I was under the impression that LoC trade was supposed to be restricted to items that were "native" to J&K and PoK; remeber Bakis raising a holy stink over coconuts, ranting that they were not "indigenous to Kashmir", then what are California almonds doing amongst the good being traded across the LoC?

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Re: Pakistani Economic Stress Watch

Postby habal » 21 Apr 2019 23:04

tabdeeli aa gayi hain,

More than 250 restaurants in Islamabad to close next week in protest

https://www.dawn.com/news/1477419/more- ... in-protest

restaurants say business is dull due to lesser disposable income for customers, tax authorities think restaurants are hiding income. Due to harassment by tax authorities, restaurant owners have declared to close all restaurants and invest their money elsewhere unless the harassing tax authorities furnish them unconditional apology. Here is proof of how the bankrupt pakistani economy is going through convulsions at ground level.

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Pakistani Economic Stress Watch

Postby Peregrine » 22 Apr 2019 03:12

Rs600b additional taxes likely in budget - Shahbaz Rana
ISLAMABAD: Pakistan is ready to make additional tax efforts equal to 1.7% of the total size of the national economy in the next fiscal year, as the new finance adviser establishes contacts with the International Monetary Fund (IMF) to keep negotiations on track.
Adviser to PM on Finance Dr Abdul Hafeez Shaikh, who serves as de facto finance minister after removal of A sad Umar, moved swiftly on Saturday and decided to present the Budget Strategy Paper in the federal cabinet on April 30 in addition to ensuring that the IMF staff level visit remains on track.
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Re: Pakistani Economic Stress Watch

Postby Bart S » 22 Apr 2019 03:49



Interesting video from a Paki who seems to be an IK and PTI supporter. Looks like things on the ground are quite bad and the sh1t has hit the fan.

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Re: Pakistani Economic Stress Watch

Postby Vikas » 22 Apr 2019 13:27

ramana wrote:Ca almonds used to fund terror in India

viewtopic.php?p=2344863#p2344863


Why would India import Cali Almonds from Pakistan as LOC Trade. It wasn't as if Pakis were producing them internally ?
Indian buyers could have directly procured from the same source which Pakis were using probably at a cheaper rate. Was that the reason for Under Invoicing?

There are too many wheels within the wheels.

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Re: Pakistani Economic Stress Watch

Postby milindc » 22 Apr 2019 15:08

Pakis are getting the same price as our merchants from US, but under invoicing to fund the terror.
Basically money laundering to escape the tracking.

Vikas wrote:
ramana wrote:Ca almonds used to fund terror in India

viewtopic.php?p=2344863#p2344863


Why would India import Cali Almonds from Pakistan as LOC Trade. It wasn't as if Pakis were producing them internally ?
Indian buyers could have directly procured from the same source which Pakis were using probably at a cheaper rate. Was that the reason for Under Invoicing?

There are too many wheels within the wheels.

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Pakistani Economic Stress Watch

Postby Peregrine » 22 Apr 2019 15:17

Hafeez Shaikh rejects Asad Umar’s tax amnesty scheme model - Shahbaz Rana]

ISLAMABAD: The prime minister’s adviser on finance, Dr Hafeez Shaikh, rejected the design of the recently proposed tax amnesty scheme on Sunday, raising objections over the classification of assets and tax rates — marking a clear departure from the policies of his predecessor, A sad Umar.

In his first meeting with the Federal Board of Revenue (FBR), Shaikh asked the tax officials to come up with a more simplified version of the scheme. He turned down the proposal to introduce six types of tax rates for various categories of assets, a finance ministry official told The Express Tribune.

PM Imran struggles to muster the cabinet’s support for the tax amnesty scheme

Instead, Shaikh asked FBR officials to reduce the tax classifications to only two — which ]means that the Benami assets that would have attracted the highest rates under Umar’s model may now be cleared at the same rate set for other domestic assets.

Unlike Umar, Shaikh also did not rule out the possibility of more tax amnesty schemes in the future, the official said.

Shaikh acknowledged the need for offering a tax amnesty scheme because of the problems arising out of the enactment of the Benami Assets Prohibition Act.

However, he asked the FBR to focus more on the budget than spending too much energy on the amnesty scheme.

According to a handout issued by the finance ministry, the adviser “reviewed the proposed Assets Declaration Scheme 2019 in detail with FBR officials and instructed them to fine-tune the scheme to make it simple to understand and easy to implement.”

The discussion focused on the scope and the features of the scheme.

The objective of the scheme should be to make the economy more tax compliant and documented, Shaikh told the officials.

Tax amnesty scheme hits snags in cabinet

Shaikh was appointed the adviser to the prime minister on finance, revenue, and economic affairs on Friday – a position that he had earlier held between 2010 and 2013 during the tenure of then president Asif Ali Zardari.

Shaikh, who was living in the United Arab Emirates, first came to meet Prime Minister Imran Khan around 10 days ago when Umar was on a trip to Washington, according to sources.

It is unclear as to whether Shaikh has formally joined the Pakistan Tehreek-e-Insaf (PTI) or not.

The FBR official said Shaikh did not show urgency over the tax amnesty scheme and sought further deliberations.

The federal cabinet has already deferred the approval of the tax amnesty scheme twice and it is unlikely that its draft would be presented in the next meeting.

The cabinet had concerns over the possible political implications of going against the PTI’s core values of fighting corrupt practices.

The official said the FBR gave a detailed presentation to Shaikh on the design of the Pakistan Muslim League-Nawaz’s (PML-N) last tax amnesty scheme and the PTI’s first one.

Shaikh was of the view that PTI’s proposed scheme appeared to be an improved version of the last one.

A scheme that the government comes up within its first year in power should be different from the one that a government had offered in its last year, Shaikh was quoted as saying by the official.

Around 82,289 people had availed the PML-N government’s last scheme, resulting in the whitening of assets worth Rs2.5 trillion in return for Rs124 billion in taxes.

Under Umar’s model of the tax amnesty scheme, the FBR had proposed setting different tax rates for the repatriation of offshore assets, disclosure of domestic assets and legalisation of Benami assets.

The FBR had suggested a minimum of 5%, 10% and a maximum 15% rate for the repatriation of offshore assets. For the declaration of domestic assets, it had proposed 10%, 15%, and 20% rates. For clearance of Benami assets, the proposed rates were 15%, 20%, and 25%.

Earlier, the idea was to charge the highest rates from those possessing Benami assets, but now it seems they would be able to legalise their wealth without much trouble.

There is also the possibility that the government may allow declaration of offshore assets without their repatriation to Pakistan.

Shaikh directed the FBR that the scheme should not allow declaration of future income at reduced tax rates. Gold and cash were the two avenues that could be used to declare future income.

Shaikh asked the FBR officials to explore the possibility of continuing the tax amnesty scheme beyond June 30 by charging relatively higher rates. However, the FBR fears that the International Monetary Fund (IMF) may disapprove of the scheme when it goes ahead with the bailout package for Pakistan.

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Re: Pakistani Economic Stress Watch

Postby chetak » 22 Apr 2019 15:25

Vips wrote:One of the famed economists in pakistan Ashfaq Hasan Khan who is otherwise reasonable has been against going to IMF (Only dissenter in Imran the charsi's economic advisory group). He has been frothing in the mouth saying how the international community wants Pakistan to get more IMF loans and fall into a bigger debt trap to the point where the only way out of the mess for pakistan was to de-denuclearize in exchange for writing off the loans.


the ummah and especially the saudis will not allow paki de-denuclearization.

They will keep the funding pipeline open but somewhat reluctantly. They all know how venal the lying, thieving, double dealing pakis actually are.

Saudi national security depends heavily on the paki nuke detent that the saudis need at their beck and call.

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Re: Pakistani Economic Stress Watch

Postby mmasand » 22 Apr 2019 16:49

Vikas wrote:
ramana wrote:Ca almonds used to fund terror in India

viewtopic.php?p=2344863#p2344863


Why would India import Cali Almonds from Pakistan as LOC Trade. It wasn't as if Pakis were producing them internally ?
Indian buyers could have directly procured from the same source which Pakis were using probably at a cheaper rate. Was that the reason for Under Invoicing?

There are too many wheels within the wheels.


Cross LoC trade was not intended for trading purposes, infact it isn't even accounted for. The intention being to allow local products to be traded with Kashmiris in general thereby legitimising our claim that we don't differentiate between PoK and J&K.

Now Kashmir grown its own almonds, but the local subedar at the border doesn't know what is coming in or chooses to look away (BSF is the crux of the problem). As Cali almonds fetch a better price in India, these almonds make their way into the market across the country.

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Pakistani Economic Stress Watch

Postby Peregrine » 22 Apr 2019 18:08

S&P BSE SENSEX

Index Current : 38,645.18 - Pt. Change : -495.10 - % Change : -1.26%

Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,51,60,885.97 - $ 1 / I R - 69.6975

Market Capitalization of BSE Listed Co. (U S $.) : 2,175.24 Billion

P S E

Index Current : 36901.69 - Pt. Change : -390.78 - % Change : -1.05%

Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,492,176,646,854 - $ 1 / Tr 142.20

Market Capitalization of PSE Listed Co. (U S $.) : 52.69 Billion

B S E : P S E : : 41.28 : 1


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Re: Pakistani Economic Stress Watch

Postby Manish_P » 22 Apr 2019 20:04

Condition on the ground.

Shortage of power keeps outlook for future dark.

Medicines prices up by 200-300% (madarassa maths demonstrated by the reporter at around 2:05)


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Re: Pakistani Economic Stress Watch

Postby Mort Walker » 23 Apr 2019 09:56

^^^The camera retail guy is delusional. First he insists that Pakistan can make camera gear, then turns around and says we can make camera bags in country.

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Re: Pakistani Economic Stress Watch

Postby Kashi » 23 Apr 2019 11:01

I am surprised he didn't go with the standard "If we can make atim bum...."

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Re: Pakistani Economic Stress Watch

Postby abhijitm » 23 Apr 2019 11:41

"Price 200% to 300% increased."

"Are you saying 1 Rs product is now selling for 100, 200 Rs?" :rotfl: :rotfl:

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Re: Pakistani Economic Stress Watch

Postby Manish_P » 23 Apr 2019 11:52

Imran will help solve the economic woes of Bakistan.

Well not Im the Dim, rather a chappal named 'Imran'

Pride and pique as Louboutin takes Pakistan chappal global

Famed for luxury red-soled stilettos,French shoe designer Christian Louboutin has taken inspiration for a new sandal from Pakistan's tribal frontier, sparking claims of cultural appropriation along with grins from grizzled Pakistani cobblers.

A post on Louboutin's Instagram last month announcing the release of the shoe sparked a social media frenzy in Pakistan, with fans praising the latest homage to the country's rich artisan traditions -- and critics rolling their eyes.

The "Imran" -- a flamboyant sandal complete with metal studs along with splashes of orange and silver -- is inspired by the country's traditional Peshawari chappal, according to the fashion house.


Orange? Is it a YYF conspiracy hain?

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Mollick.R
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Re: Pakistani Economic Stress Watch

Postby Mollick.R » 23 Apr 2019 12:40

abhijitm wrote:"Price 200% to 300% increased."

"Are you saying 1 Rs product is now selling for 100, 200 Rs?" :rotfl: :rotfl:


A nitpick.
200% increase means 2 times cost increase.
300% means 3 times.

abhijitm
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Re: Pakistani Economic Stress Watch

Postby abhijitm » 23 Apr 2019 15:51

Mollick.R wrote:
abhijitm wrote:"Price 200% to 300% increased."

"Are you saying 1 Rs product is now selling for 100, 200 Rs?" :rotfl: :rotfl:


A nitpick.
200% increase means 2 times cost increase.
300% means 3 times.

We know that. Hence the joke.

Peregrine
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Pakistani Economic Stress Watch

Postby Peregrine » 23 Apr 2019 17:38

S&P BSE SENSEX

Index Current : 38,564.88 - Pt. Change : -80.30 - % Change : -0.21%

Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,51,74,915.17 - $ 1 / 69.7275

Market Capitalization of BSE Listed Co. (U S $.) : 2,176.32

P S E

Index Current : 36,404.03- Pt. Change : - -497.76 - % Change : -1.35%

Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,399,191,128,946 - $ 1 / 142.30

Market Capitalization of PSE Listed Co. (U S $.) : 52.00

BSE : PSE : : 41.85 : 1


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Peregrine
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Pakistani Economic Stress Watch

Postby Peregrine » 24 Apr 2019 17:46

BSE SENSEX

Index Current : 39,054.68 - Pt. Change : +489.80 - % Change : +1.27%

Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,53,19,467.81 - $ 1 / I R 69.8850

Market Capitalization of BSE Listed Co. (U S $.) : 2,192.10 Billion

P S E

Index Current : 36,504.25 - Pt. Change : +100.22 - % Change : + 0.28%

Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,404,902,841,730 - $ 1 / T Rs 142.20

Market Capitalization of BSE Listed Co. (U S $.) : 52.07 Billion

B S E : P S E : : 42.10 : 1


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Peregrine
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Pakistani Economic Stress Watch

Postby Peregrine » 25 Apr 2019 00:46


Peregrine
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Pakistani Economic Stress Watch

Postby Peregrine » 25 Apr 2019 01:33

https://youtu.be/50aRmkbJAqI



PM Imran Khan to meet CEO World Bank & MD IMF on 26th April in China
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A_Gupta
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Re: Pakistani Economic Stress Watch

Postby A_Gupta » 25 Apr 2019 08:01

Per this State Bank of Pakistan document (PDF file) http://www.sbp.org.pk/ecodata/pakdebtsvr_summary.pdf

Summary of Pakistan's External Debt Servicing (Principal + Interest)
1Q 2019
Principal $1900 million
Interest $552 million
Total $2452 million

2Q 2019
Principal $2089 million
Interest $826 million
Total $2915 million


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