Pakistani Economic Stress Watch

The Strategic Issues & International Relations Forum is a venue to discuss issues pertaining to India's security environment, her strategic outlook on global affairs and as well as the effect of international relations in the Indian Subcontinent. We request members to kindly stay within the mandate of this forum and keep their exchanges of views, on a civilised level, however vehemently any disagreement may be felt. All feedback regarding forum usage may be sent to the moderators using the Feedback Form or by clicking the Report Post Icon in any objectionable post for proper action. Please note that the views expressed by the Members and Moderators on these discussion boards are that of the individuals only and do not reflect the official policy or view of the Bharat-Rakshak.com Website. Copyright Violation is strictly prohibited and may result in revocation of your posting rights - please read the FAQ for full details. Users must also abide by the Forum Guidelines at all times.
Peregrine
BRF Oldie
Posts: 8441
Joined: 11 Aug 2016 06:14

Pakistani Economic Stress Watch

Postby Peregrine » 14 Mar 2020 02:22

S&P BSE SENSEX

Index Current : 34,103.48 - Pt. Change : +1325.34 - % Change : +4.04

Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,29,26,242.82 - $ 1 / I N R = 74.0550

Market Capitalization of BSE Listed Co. (U S $.) : 1,745.49 Billion

P S E

Current Index : 36,060.88 - Change : 104.19 - % Change : 0.29% - High : 36,212.38 - Low : 34,266.91

Market Capitalization of PSE Listed Co. (Rs.Tr.) : 6,795,745,476,802 - $ 1 / T R = 159.2627

Market Capitalization of PSE Listed Co. (U S $.) : 42.67

B S E : P S E : : 40.91 : 1


Cheers Image

Vips
BRF Oldie
Posts: 2562
Joined: 14 Apr 2017 18:23

Re: Pakistani Economic Stress Watch

Postby Vips » 14 Mar 2020 06:33

Over $600m of ‘hot money’ leaves country in 12 days.

Foreign inv­estors have pulled out almost one-sixth of their investments, usually referred to as hot money, in treasury bills (T-bills) during the last three weeks as they jump to safer bets to mitigate risks in the aftermath of coronavirus pandemic.


The rupee maintained its downward trajectory against the dollar on Thursday as it fell by another 70 paisas to Rs159.30 in the interbank market. This represents an increase of 0.44pc in the greenback from its value of Rs158.60 at the beginning of the day.

The open market also witnessed a similar trend as the dollar gained 50 paisas to reach Rs158.50.

For the good part of the past six months, the exchange rate had held steady, but compared to opening value on Monday, the dollar has increased by a significant Rs5.05 from Rs154.25, which translates into a 3.27pc rise. Currency dealers attribute this to foreign selling at the Pakistan Stock Exchange, which clocked in at $16.7m last week but has been slowing down for the past few days.


Now the typical paki has to say something to the aam abdul that all iz well and save the non existent H&D :rotfl:
SBP Governor Reza Baqir has repeatedly defended these flows, saying that “Pakistan debt market is huge (Smoking some very pure stuff) — only the marketable securities are of Rs9 trillion ($57bn). Foreign investors like big deep markets so they can enter and leave without moving the market”.

Peregrine
BRF Oldie
Posts: 8441
Joined: 11 Aug 2016 06:14

Pakistani Economic Stress Watch

Postby Peregrine » 17 Mar 2020 05:30

S&P BSE SENSEX

Index Current : 31,390.07 - Pt. Change : -2713.41 - % Change : -7.96%

Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,21,63,952.59 - $ 1 / I N R = 74.4450

Market Capitalization of BSE Listed Co. (U S $.) : 1,633.05 Billion

P S E

Current Index : 33,684.91 - Change : -2375.97 - % Change : -6.59% - High : 36,060.88 - Low : 33,618.90

Market Capitalization of PSE Listed Co. (Rs Tr.) : 6,413,827,696,464 - $ 1 / T R = 158.5068

Market Capitalization of PSE Listed Co. (U S $.) : 40.46

B S E : P S E : : 40.37.1


Cheers Image

Lohit
BRFite -Trainee
Posts: 18
Joined: 28 Feb 2019 01:03

Re: Pakistani Economic Stress Watch

Postby Lohit » 19 Mar 2020 03:09

Niazi's recent statement begging for a sovereign debt write off will not be forgotten and will come back to haunt Pak really hard.

Bart S
BRF Oldie
Posts: 2263
Joined: 15 Aug 2016 00:03

Re: Pakistani Economic Stress Watch

Postby Bart S » 19 Mar 2020 03:10

Lohit wrote:Niazi's recent statement begging for a sovereign debt write off will not be forgotten and will come back to haunt Pak really hard.


In what way?

Lohit
BRFite -Trainee
Posts: 18
Joined: 28 Feb 2019 01:03

Re: Pakistani Economic Stress Watch

Postby Lohit » 19 Mar 2020 04:26

By taking this as an early indication of NaPaks intent and junking their credit rating and outlook into zimbabwe/iran territory.

Manish_P
BRF Oldie
Posts: 2174
Joined: 25 Mar 2010 17:34

Re: Pakistani Economic Stress Watch

Postby Manish_P » 19 Mar 2020 12:03

Is it the first time that they have requested begged for a write-off?

Vips
BRF Oldie
Posts: 2562
Joined: 14 Apr 2017 18:23

Re: Pakistani Economic Stress Watch

Postby Vips » 21 Mar 2020 01:00



Watch from 1:30 onwards. Pakistan ab pneumonia se marne walo ko bhi Carona se mara hua dikha kar Chanda ikaat-tha karna chahta hai :rotfl:

Pakistan is desperate to show increasing number of deaths due to Carona in hopes of getting aid!!!!

suryag
Forum Moderator
Posts: 3499
Joined: 11 Jan 2009 00:14

Re: Pakistani Economic Stress Watch

Postby suryag » 21 Mar 2020 02:42

They got inspired by YSR post death suicides committed by his supporters

Vips
BRF Oldie
Posts: 2562
Joined: 14 Apr 2017 18:23

Re: Pakistani Economic Stress Watch

Postby Vips » 21 Mar 2020 03:59

'Our children will starve’, say Pakistan farmers as locusts breed.

Three swarms of locusts this year have all but wiped out Saadullah Zehri’s wheat crop on his small farm in the mountains of Pakistan's vast and arid Balochistan province. He’s worried about what’s coming next.

“Every farmer in the village has lost crops worth hundreds of thousands of rupees,” said Zehri, 33, a bearded father of six(Bloody Bast**d). But in the hills surrounding the village of Nur Gamma, two hours’ drive north of the city of Khuzdar, are hundreds of thousands of pods of orange-colored eggs waiting to hatch into a new plague in time to devour his most valuable crop.

“I’ll sow cotton on about 20 to 25 acres for the next harvest,” he said. “But I’m afraid these new locusts will come and destroy our crops again.” Planting of cotton, a mainstay for Pakistan’s farmers, textile mills and clothing factories, begins this month, with harvesting in October.

Pakistan has sought help from China to try to wipe out the insects. On Feb. 24, an eight-member Chinese delegation came for a week to assess the condition in the fields. China agreed to provide spraying equipment and 300 tons of pesticide, Pakistan’s National Disaster Management Authority said in a statement on March 6. “Chinese technicians will train Pakistani plant protection staff to use the equipment,” it said.

The pest damage could cut Pakistan’s economic growth to less than 2% in the fiscal year ending in June, said Khurram Schehzad, chief executive officer at Karachi based advisory Alpha Beta Core Solutions Pvt. Before the effects of the locusts, the central bank had been forecasting growth of as much as 4%. Add in the impact of the coronavirus on the global economy and the outlook could be even worse The twin plagues have hit a government that is already struggling to tame inflation that reached a 10-year high of 14.6% in January and meet the terms of its latest International Monetary Fund bailout. The world’s fifth most populous nation is having to cope with sporadic shortages of essential food items like sugar and wheat flour. Prime Minister Imran Khan’s administration said it will raise the guaranteed price for wheat to support farmers and import 300,000 tons of the grain to bolster supplies of flour.

“Every farmer here used to reap about 100 to 200 bags of wheat, but all that has gone. The locusts have eaten it,” said Abdul Qadir, a farmer from Pashta Khan Moulla in Balochistan. He said there are at least 2,000 people in the village and all of them depend on income from farming. “If the locusts damage our cotton crop, our children will starve.”

At stake is the raw material for the textile industry, Pakistan’s biggest employer and the source of 60% of its exports. This year, the country is expected to produce 9.45 million bales of cotton, the lowest total since 2015 and 26% below its target. That means it will have to import a record quantity of the fiber.

Textile mills have already ordered about 5 million bales, said Naseem Usman, chairman of the Karachi Cotton Brokers Forum. If the locusts come again, imports could soar.

“Textile and spinning mills expect to import 5.5 million to 6 million cotton bales,’’ said Usman. “This will be a record.”

Swarms of desert locusts occur irregularly in North Africa, the Middle East and South Asia, usually when a drought is followed by heavy rain. There hadn’t been a major plague of the large grasshoppers for decades until numbers began to explode uncontrolled in the Empty Quarter of the Arabian peninsula in 2018. Over the past year, the swarms crossed into Africa and Iran and onto Pakistan and India, destroying harvests as they went. More than 140,000 acres of crops have been damaged in Pakistan alone since last April.

“This is the worst locust attack we have seen since 1993,” said Falak Naz, director general of crop protection at Pakistan’s Ministry of Food Security. He said a new generation of eggs is hatching that may also threaten India, as well as the fertile valleys of Punjab and Sindh provinces which supply much of Pakistan’s food. “The locusts will attack our crops in Punjab and Sindh again in May and June,” he said.

In the villages north of Khuzdar this month thousands of the yellow locusts filled the air. Females were visibly full of eggs in long tubes that officials said would soon be laid. Many more of the pests lay dead from insecticide or age, while others could be seen mating furiously in the ravaged wheat fields. Syed Zulfiqar Ali Shah, a Balochistan agriculture officer, said each locust can eat double its weight.

Ahmed. In February, the government of Prime Minister Khan declared an emergency and agreed to spend billions of rupees to kill the insects.
Minister for National Food Security and Research Makhdoom Khusro Bakhtiar told reporters on Jan. 19 that the country had sufficient wheat stocks for domestic demand and promised to punish those involved in hoarding or profiteering.

But government reserves in remote areas like rural Balochistan are often old and poorly stored. In a government warehouse in the Chandni Chawk area of Khuzdar, more than 170 tons of reserves have been sitting in bags for up to six years.

“This isn’t wheat any more. It has turned into sand,” said Rehmatullah, the 50 year old caretaker of the warehouse. “Insects are eating it.” The swarms have made a hard life even harder in the scattered desert villages of Balochistan, the largest, poorest and least inhabited province in Pakistan. Wracked by decades of insurgency and unrest, many people still live in mud houses and use wooden fuel for cooking. None of Zehri’s six children go to school as there is no school in their village.

“We’ll fall into a huge debt if they do this to our cotton,” he said, standing among the chewed remains of his wheat stalks. “My family would lose at least 1.8 million rupees” ($11,400). Not everyone is unhappy with the insects that locals call molakh. Zehri’s seven-year-old son Obaidullah is trying to catch them in flight. “We have a lot of fun chasing these flying molakh,” he said. “I play with them.”

But his father is worried. “The government teams are making sprays to kill them but I don't think they can kill them all,” said Zehri. “This is the creation of God. They will be reborn.”

Porki Government will go all out to use the excuse of Locust infestation and Corona Virus to claim more aid or write off of old debts or combination of both. It will also ask for more time for FATF compliance to escape black listing. RAPES and the Pak jabi army can hardly believe in their luck as God has given them ready made issues to use as an excuse to escape from their commitments.

yensoy
BRFite
Posts: 1573
Joined: 29 May 2002 11:31
Location: USA

Re: Pakistani Economic Stress Watch

Postby yensoy » 21 Mar 2020 12:27



Eventually your children will starve because of the rate you breed.

Pratyush
BRF Oldie
Posts: 8187
Joined: 05 Mar 2010 15:13

Re: Pakistani Economic Stress Watch

Postby Pratyush » 21 Mar 2020 13:02

Lohit wrote:By taking this as an early indication of NaPaks intent and junking their credit rating and outlook into zimbabwe/iran territory.



As long as 4fathers exist. I will not worry about Pakistani credit rating.

Aditya_V
BRF Oldie
Posts: 11653
Joined: 05 Apr 2006 16:25

Re: Pakistani Economic Stress Watch

Postby Aditya_V » 21 Mar 2020 13:15

Pakistan is not viable as a country. 4 fathers support to contain India that's it's only utility. Tape's get away with a lot thanks to this anti India mentality.

Aditya_V
BRF Oldie
Posts: 11653
Joined: 05 Apr 2006 16:25

Re: Pakistani Economic Stress Watch

Postby Aditya_V » 21 Mar 2020 15:27

Aditya_V wrote:Pakistan is not viable as a country. 4 fathers support to contain India that's it's only utility. Rape's get away with a lot thanks to this anti India mentality.

Rsatchi
BRFite
Posts: 618
Joined: 04 Aug 2019 22:03

Re: Pakistani Economic Stress Watch

Postby Rsatchi » 22 Mar 2020 16:59


Rsatchi
BRFite
Posts: 618
Joined: 04 Aug 2019 22:03

Re: Pakistani Economic Stress Watch

Postby Rsatchi » 22 Mar 2020 17:02

https://pakobserver.net/japan-initiates ... -pakistan/
And this nugget!!! :D
Wonder want the Japs want 'the skilled labour' from Napak for!!! :eek:

neeraj
BRFite
Posts: 310
Joined: 12 Jun 2001 11:31
Location: UK

Re: Pakistani Economic Stress Watch

Postby neeraj » 22 Mar 2020 19:22

Rsatchi wrote:https://pakobserver.net/japan-initiates-for-importing-skilled-manpower-from-pakistan/
And this nugget!!! :D
Wonder want the Japs want 'the skilled labour' from Napak for!!! :eek:


It is important to further delve on this news. Some nuggets:

The diplomat said that three different categories were part of plan including Technical Intern, ‘Specified Skilled Workers’ and highly skilled professional. (this will disqualify 99% of applicants as madrassa maths is not a criteria) The candidates would have to go through Japanese language test in July 2020 before their final selection for recruitment. (this alone will disqualify the remaining 99% of 1% of applicants).....He made it clear that there was no particular quota for any of these 10 countries around the world and hoped that Pakistani would get maximum benefits from this huge opportunity in the Japanese market. (what no quotas - this disqualifies all!!)

Vips
BRF Oldie
Posts: 2562
Joined: 14 Apr 2017 18:23

Re: Pakistani Economic Stress Watch

Postby Vips » 22 Mar 2020 21:20



Pakistan would normally for H&D reasons try to show less cases then India but in this case it is striving to show more and more numbers with the aim of getting International aid to fight the virus. I wont be surprised if they show cases in lakhs and millions.

souravB
BRFite
Posts: 555
Joined: 07 Jun 2018 13:52

Re: Pakistani Economic Stress Watch

Postby souravB » 22 Mar 2020 21:28

Rsatchi wrote:https://pakobserver.net/japan-initiates-for-importing-skilled-manpower-from-pakistan/
And this nugget!!! :D
Wonder want the Japs want 'the skilled labour' from Napak for!!! :eek:

Japan is notorious for NOT importing pious people. As a matter of fact they are notorious for NOT importing anybody. Period. They are quite xenophobic at that. So I for one is going to take this with a bag of salts since Pakis are also quite exaggerating about these things.

kit
BRF Oldie
Posts: 3792
Joined: 13 Jul 2006 18:16

Re: Pakistani Economic Stress Watch

Postby kit » 22 Mar 2020 22:09

Vips wrote:


Pakistan would normally for H&D reasons try to show less cases then India but in this case it is striving to show more and more numbers with the aim of getting International aid to fight the virus. I wont be surprised if they show cases in lakhs and millions.



Hope it doesnt spill over !!, it can very well lead to chaos and civil unrest in PK

sanjaykumar
BRF Oldie
Posts: 4351
Joined: 16 Oct 2005 05:51

Re: Pakistani Economic Stress Watch

Postby sanjaykumar » 22 Mar 2020 22:10

How would they tell the difference?

eklavya
BRFite
Posts: 1839
Joined: 16 Nov 2004 23:57

Re: Pakistani Economic Stress Watch

Postby eklavya » 23 Mar 2020 00:08

They’re making it worse for themselves:

Muslim Communities Around The World Halt Public Friday Prayers — But Not In Pakistan

Imran Khan will have no one to blame but himself.

Guddu
BRFite
Posts: 935
Joined: 01 Dec 2008 06:22

Re: Pakistani Economic Stress Watch

Postby Guddu » 23 Mar 2020 00:15

They are greener than grass and purer than their arab masters.

eklavya
BRFite
Posts: 1839
Joined: 16 Nov 2004 23:57

Re: Pakistani Economic Stress Watch

Postby eklavya » 23 Mar 2020 00:34

^^^^^
Unfortunately sir, this sort of gross stupidity (amounting to manslaughter) is also happening in other places. Germany just banned public gatherings of more than two people. Sounds a bit tough, but should help to bring down the transmission rate tremendously.

Peregrine
BRF Oldie
Posts: 8441
Joined: 11 Aug 2016 06:14

Pakistani Economic Stress Watch

Postby Peregrine » 24 Mar 2020 21:23

War chest

Red alert: Unless the government comes up with a solid Rs6 trillion war-chest (15 percent of our GDP) our economy is heading towards disaster. We must fight two wars: one against the virus and the other to save the economy from unmitigated disaster.

The only power that can now save the economy from a complete disaster is the government. Two things. One, export orders are sharply down – because global demand has tanked. Two, Pakistani consumers – after paying out Rs600 billion in additional electricity bills and Rs700 billion in new taxes – have no purchasing power left. That’s a recipe for disaster.

The SBP has already played not one but two cruel jokes. First, the Monetary Policy Committee cut its policy rate by 0.75 percent to 12.5 percent (the same in the US is 0 percent; UK 0.25 percent, India 5.15 percent, Bangladesh 6 percent and Sri Lanka 7.5 percent). Second, the SBP announced a ‘Temporary Economic Refinance Facility’ to provide financing for setting up of new industrial units. SBP please wake up; no one is setting up new industrial units and every central bank in the world is coming up with corona packages to save business units already under stress.

The US is working on a $1 trillion coronavirus war-chest (5 percent of GDP) that includes payouts to individual Americans ($500 billion in order to boost household demand); $50 billion airline industry bailout; $300 billion small business interruption loans and $150 billion other affected industries bailout.

Germany has unleashed the “biggest post-war aid package against the coronavirus”; a $600 billion war-chest (15 percent of GDP). This war-chest will “shore up companies, offering them unlimited credit to keep their businesses afloat”. The $600 billion war-chest is just for starters. Peter Altmaier, the economy minister, said, “We will reload our weapons if necessary.”

The UK has unveiled a $420 billion war-chest by announcing ‘lifeline for firms hit by coronavirus’ (15 percent of GDP) that includes “loan guarantees and provide a further 20 billion pounds in tax cuts, grants and other help for businesses facing the risk of collapse from the spread of coronavirus.”

France has announced a $320 billion corona war-chest (15 percent of GDP) that includes $48 billion for the more than 3.5 million small business and other hard-hit sectors of the economy. There’s $9 billion linked to forced part-time employment and $2 billion for the self-employed and shopkeepers.

The SBP must save Pakistan’s corporate citizens and Pakistani families from corona-induced economic disaster. The SBP must do two things: bailout affected industries and boost household demand (some of these measures – guaranteeing business loans, for instance – do not require any upfront funding). We must not expect other countries to help us out because they all have their own problems to deal with.

Do we know our enemy? We would need to overwhelm the enemy with speed. Do we have a strategy to fight this war? Mitigation? Suppression? Lockdown? The Italian Army is enforcing the lockdown. The British Army is set to be on streets for up to six months. The National Guard is being activated in the United States. The German Army has been called in. The Malaysian Army is being deployed.

Yes, we are in a state of war. Question: Do we have a war-chest? Answer: None so far. Fighting a war without a war-chest and expecting to win!

Cheers Image

chanakyaa
BRFite
Posts: 1331
Joined: 18 Sep 2009 00:09
Location: Hiding in Karakoram

Re: Pakistani Economic Stress Watch

Postby chanakyaa » 26 Mar 2020 03:32

UPDATE 1-Pakistan seeks $1.4 billion IMF loan to tackle economic slowdown from COVID-19
ISLAMABAD, March 25 (Reuters) - Pakistan is seeking another $1.4 billion loan from the International Monetary Fund (IMF) to help it deal with the economic slowdown from the coronavirus, government finance adviser Abdul Hafeez Shaikh said on Wednesday.

The government will also be seeking more support from the World Bank and Asian Development Bank, Sheikh added.
...

Vips
BRF Oldie
Posts: 2562
Joined: 14 Apr 2017 18:23

Re: Pakistani Economic Stress Watch

Postby Vips » 26 Mar 2020 06:09

Porkistan will beg for more aid under any pretext.This Virus issue is a godsend for them and they will milk it to the full extent to beg from all the lending agencies. Its situation is really precarious and it may infact be having negative reserves.
Out of the $18 Billion reserves, $10 billion is the parked money received from Saudi, UAE, Qatar and China. $6 Billion is the foreign loans with its commercial banks leaving with just $2 Billion in real reserves. You factor in the hot money it received ($3 Billion) and the situation is in fact in the negative.

Aditya_V
BRF Oldie
Posts: 11653
Joined: 05 Apr 2006 16:25

Re: Pakistani Economic Stress Watch

Postby Aditya_V » 26 Mar 2020 12:36

For 70+ years Pakis especially the Paki jabi elite have been supported by various masters thinking they should rule subcontinent, when any one pulls the plug they will go into tailspin.

It is only generosity from its forefathers to keep the country together as anti India entity which is allowing it to survive. This is a flawed policy and one day the forefathers will realize their stupidity.

Bart S
BRF Oldie
Posts: 2263
Joined: 15 Aug 2016 00:03

Re: Pakistani Economic Stress Watch

Postby Bart S » 26 Mar 2020 15:26

Is anybody going to go out of their way to help them out now, given that most of their usual donors have their own crisis to deal with?

chetak
BRF Oldie
Posts: 21839
Joined: 16 May 2008 12:00

Re: Pakistani Economic Stress Watch

Postby chetak » 26 Mar 2020 15:33

Bart S wrote:Is anybody going to go out of their way to help them out now, given that most of their usual donors have their own crisis to deal with?



Wouldn't be very surprised if India did offer help out on the virus front :mrgreen:

the Hindus are known for such missteps, especially on offering aid to the enemy

Rsatchi
BRFite
Posts: 618
Joined: 04 Aug 2019 22:03

Re: Pakistani Economic Stress Watch

Postby Rsatchi » 26 Mar 2020 15:42

^^^ Just imagine if Mahatma was alive today!!
Inasmuch I respect him, he would have taken us on path of no return
He would be leading the front on anti-CAA and this COVID disaster in Pak!!! Yella kay ho gaya re!!!

Singbhai
BRFite -Trainee
Posts: 19
Joined: 11 Aug 2016 06:14

Re: Pakistani Economic Stress Watch

Postby Singbhai » 26 Mar 2020 18:54

About time for India to buy large parcels of land in Pakistan including Punjab province. Money for land deal. Either we do it or Chinese will. First to go will be CPEC and all land in and around it.

Aditya_V
BRF Oldie
Posts: 11653
Joined: 05 Apr 2006 16:25

Re: Pakistani Economic Stress Watch

Postby Aditya_V » 26 Mar 2020 23:05

Singbhai wrote:About time for India to buy large parcels of land in Pakistan including Punjab province. Money for land deal. Either we do it or Chinese will. First to go will be CPEC and all land in and around it.


Really Pakis will pocket the money and keep the land............ Rule No.1 Pakis Dont follow laws, only danda

Prem
BRF Oldie
Posts: 21124
Joined: 01 Jul 1999 11:31
Location: Weighing and Waiting 8T Yconomy

Re: Pakistani Economic Stress Watch

Postby Prem » 03 Apr 2020 10:08

https://www.dawn.com/news/1546015/govt- ... ment-talks
Govt, IPPs gear up for crucial capacity payment talks

Informed sources said the electricity tariff involved an additional burden of about Rs186bn because of rupee’s depreciation against dollar in the last two years while capacity charges amounted to about Rs570bn a year even though large part of this capacity remained unutilised.Sources said the exchange rate indexations were part of the power purchase agreements when currency fluctuations were minimal and dollar rate ranged between Rs50-70 but over 30 per cent exchange loss in two years has had devastating impact on capacity charges.

sanjaykumar
BRF Oldie
Posts: 4351
Joined: 16 Oct 2005 05:51

Re: Pakistani Economic Stress Watch

Postby sanjaykumar » 03 Apr 2020 10:41

That tells you how poor the average Pakistani is. There is a low percapita electricity consumption, there is generation capacity but no buyers.

I do wonder how Pakistanis live in the rural areas and small towns.

Manish_P
BRF Oldie
Posts: 2174
Joined: 25 Mar 2010 17:34

Re: Pakistani Economic Stress Watch

Postby Manish_P » 03 Apr 2020 11:55

Increasing number live in caves .. and some believe that a huge number of chinese blothels too live in caves so it must be good!

Living in caves still a way of life in Khyber Agency

Mohammad Tahir Khattak, principal of architect of Wadaan consultants in Peshawar, said that cave was the most primitive but indigenous human architecture. He said that living in cave had its own merits and demerits.

“It is energy efficient and environment friendly. The cave topology is one of the earliest human architectural forms. There are caves even in France and Spain. People are still living in caves in India. In china, around 30 million people are residing in caves. In recent years, architects have been reappraising cave in environmental terms,” he said.


Hassanabdal’s modern-day cavemen

In the city of Hassanabdal, only 40 kilometres from the capital, entire families continue to live in caves locally known as ‘Bhoary’. Many of these caves are located in urban areas, in the heart of the city near Cadet College Hassanabdal, Mohallah Irshad Nagar and Green Town. Other cave dwellers live in rural areas such as Nikko, Bai etc.


Image

Being bomb-proof is an important criteria :)
Bomb-proof, earthquake-resistant and cheap

Thousands of villagers are choosing to hunker down in caves northwest of Islamabad, snapping up the hobbit-like homes amid a nationwide housing shortage.

CalvinH
BRFite
Posts: 651
Joined: 15 Jul 2007 04:14

Re: Pakistani Economic Stress Watch

Postby CalvinH » 04 Apr 2020 23:41

Prem wrote:https://www.dawn.com/news/1546015/govt-ipps-gear-up-for-crucial-capacity-payment-talks
Govt, IPPs gear up for crucial capacity payment talks

Informed sources said the electricity tariff involved an additional burden of about Rs186bn because of rupee’s depreciation against dollar in the last two years while capacity charges amounted to about Rs570bn a year even though large part of this capacity remained unutilised.Sources said the exchange rate indexations were part of the power purchase agreements when currency fluctuations were minimal and dollar rate ranged between Rs50-70 but over 30 per cent exchange loss in two years has had devastating impact on capacity charges.



Indexed to exchange rate :D

The Ashraf class has been looting Pakistan openly...

Mollick.R
BRFite
Posts: 376
Joined: 15 Aug 2016 10:26

Re: Pakistani Economic Stress Watch

Postby Mollick.R » 05 Apr 2020 00:05

$200m pandemic response pact :roll: :roll: :roll: signed with WB

Which other country brands alms with such eye catchy jargon and sells it through media to it's public ????

It's an AID, say it like that simple. India also received 1 bn USD from WB, but no where i found indian media doing such tricks...........

ISLAMABAD: Pakistan and the World Bank on Friday signed a $200 million ‘Pandemic Response Effective Project’ (PREP) that will help the poor and vulnerable cope with the immediate impact of the Covid-19 pandemic through social protection measures, food rations and remote learning education.

The board of executive directors of World Bank earlier approved the $200 million package to help Pakistan take effective and timely action to respond to the coronavirus pandemic by strengthening the country’s national healthcare systems and mitigating socio-economic disruptions.

The bank’s support will also draw on extra $38 million from eight existing projects for urgently needed medical equipment and supplies. Procurement of equipment and supplies by federal and provincial governments is under way and some equipment and supplies have arrived and being pressed into service, a World Bank press release says.

Minister for Economic Affairs Hammad Azhar witnessed the signing ceremony through a video link in Islamabad. Secretary, Economic Affairs Division, Dr Syed Pervaiz Abbas signed the financing agreement on behalf of the government, while provincial project agreements were signed by the designated officials of provincial governments. World Bank Country Director Patchamuthu Illangovan signed the agreement for the bank.

‘Pandemic Response Effective Project’ will be for social protection measures, food rations and remote learning education

The project is financed from the International Development Association (IDA), the World Bank’s concessional credit window for developing countries, in the amount of $200 million, of which $100 million is provided through the World Bank Group’s Covid-19 Fast-Track Facility. The World Bank Group is rolling out a $14 billion fast-track package to strengthen the Covid-19 response in developing countries and shorten the time to recovery.

PREP will help establish quarantine facilities in collaboration with public and private hospitals and also supply equipment to hospitals, including ventilators and Personal Protection Equipment for doctors and paramedics. The project will benefit infected people, at-risk populations, medical and emergency personnel, service providers in medical and testing facilities (both public and private), and national and provincial departments of health.

The scope of the project will be nationwide, covering all provinces and territories of the country. The primary project beneficiaries will be infected people, at-risk populations, medical and emergency personnel as well as service providers at medical and testing facilities, both public and private, and national and provincial departments of health. Staff of key technical departments and provincial health departments will also benefit from the project as their capabilities increase through the strengthened institutional capacity.

The primary target groups for the support to mitigate socioeconomic impacts are expected to be: affected households with high vulnerability to shocks, particularly the poorest and most vulnerable who tend to have limited assets and other mechanisms to protect themselves from shocks (bottom 20 of the distribution); and households who are affected due to mobility restrictions such as quarantine centres that disrupt their ability to meet basic needs.

Households may benefit from multiple interventions under the project which include emergency cash transfers to up to four million families enrolled in the safety programme across the country; emergency food supply for quarantined populations; and children’s learning activities by ensuring remote learning sessions through broadcast — to minimise the Covid-19 emergency effects on children’s and youth learning.



Warning never open those kinda H@ram link without script protection in your browser. (Suggested to use Brave Browser, or use Mozilla + Add on "NoScript"

https://www.dawn.com/news/1546304/200m-pandemic-response-pact-signed-with-wb

dinesha
BRFite
Posts: 1149
Joined: 01 Aug 2004 11:42
Location: Delhi

Re: Pakistani Economic Stress Watch

Postby dinesha » 05 Apr 2020 16:03

Coronavirus: The proverbial last straw for Pakistan
https://stratnewsglobal.com/coronavirus ... -pakistan/

dinesha
BRFite
Posts: 1149
Joined: 01 Aug 2004 11:42
Location: Delhi

Re: Pakistani Economic Stress Watch

Postby dinesha » 05 Apr 2020 16:10

Aftermath of COVID-19 outbreak: IMF likely to delay releasing of $450m third tranche to Pakistan
https://www.thenews.com.pk/print/639767 ... o-pakistan


Return to “Strategic Issues & International Relations Forum”

Who is online

Users browsing this forum: asif.a, Cain Marko, Karan M, Nilesh Oak and 72 guests