Pakistani Economic Stress Watch

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Vips
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Re: Pakistani Economic Stress Watch

Post by Vips »

Birds of a feather flock together :mrgreen:

Gurus, anybody knows if a country that is itself Gray and Black listed can vote on any measure to decide if another country's status/status review comes up for voting at the FATF meeting?

Till now Porkistan has escaped being put on the Black list due to the three votes it got from China, Malaysia and Turkey.

Now with Turkey itself in the Gray List can it vote on Pakistan's potential Black listing if brought up in the forthcoming FATF session in April?
g.sarkar
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Re: Pakistani Economic Stress Watch

Post by g.sarkar »

Ambar wrote:Will be interesting to see how long they can keep it at this level. Once the confidence of PKR rebounding is lost it will rapidly sink towards Rs 200 and beyond. Also, I don't know if they still get sweetheart deals on oil from KSA, UAE and Qatar, but at the current coal and oil prices if Pakistan does not have hard dollars to buy then expect 20 hrs/day of blackouts regularly.
Did they have electricity in Rayasat-e-Madina? How can you go back to that golden age with electricity? No electricity, no oil, no coal, just horses and camels for the rich, the rest go paidal. Mard-e-Momin must have a simple life with simple pleasures.
Gautam
SRajesh
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Re: Pakistani Economic Stress Watch

Post by SRajesh »

Haram link: http://www.dawn.com/news/1653289/shauka ... gotiations
Dim's advisor leaving NY after 10-day begging marathon!!
is this something to do with Grey list???
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Re: Pakistani Economic Stress Watch

Post by partha »

Rsatchi wrote:Haram link: http://www.dawn.com/news/1653289/shauka ... gotiations
Dim's advisor leaving NY after 10-day begging marathon!!
is this something to do with Grey list???
He went to US as a finance minister but returning as an advisor :((
Later Thursday, Mr Tarin quietly left Washington, hopping on a train to catch an international flight from New York.
Having virtual meetings from Pakistan itself would have saved more money.
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

partha wrote:Later Thursday, Mr Tarin quietly left Washington, hopping on a train to catch an international flight from New York. Having virtual meetings from Pakistan itself would have saved more money.
Kufr, read the pojitive news, please, and look at the upside. By the way, one-way fare on Amtrak from DC to NY Penn is only $88 (coach class, meals are extra, toilets in every car). If he had chosen a Greyhound bus, the one-way fare is $38 (no meals, toilet at the end of the bus). Tarin could have also qualified for a 10% senior citizen's or AAA discount if he had asked for it.
We are getting positive vibes.”
“When the market learns the IMF is monitoring Pakistan, it enhances the country’s market standing,” said one of the sources.
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

More gloom and doom news from Kabadistan.

SBP reserves dip by $1.64bn in a week
While the US dollar has crushed the local currency, the foreign exchange reserves of the State Bank of Pakistan (SBP) have also started falling sharply that may further weaken the rupee.
The SBP reserves plunged by $1.646 billion to $17.492bn during the week ended on Oct 15 from over $20bn in August, announced the central bank on Thursday.
The State Bank said that reserves decreased mainly due to external debt repayments that included $1bn against Pakistan Inter­national Sukuk.
During the week the reserves of the commercial banks increased by $4m to $6.835bn.
Kabadistan news: https://www.dawn.com/news/1653311/sbp-r ... -in-a-week
anupmisra
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

Almost there!
USD to PKR Today is RS 174.80 in the currency market of Pakistan.
Bhikari News: https://hamariweb.com/finance/forex/usd-to-pkr.aspx
Aditya_V
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Re: Pakistani Economic Stress Watch

Post by Aditya_V »

When it hit my simple requirement of INR: PKR rate of 2.5?
Vips
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Re: Pakistani Economic Stress Watch

Post by Vips »

anupmisra wrote:Almost there!

USD to PKR Today is RS 174.80 in the currency market of Pakistan.
Sirji not yet there, still Rs 25.20 away from double century mark.

TT rate for $ to Porki toilet paper is at Rs188 :mrgreen:
yensoy
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Re: Pakistani Economic Stress Watch

Post by yensoy »

anupmisra wrote:
partha wrote:Later Thursday, Mr Tarin quietly left Washington, hopping on a train to catch an international flight from New York. Having virtual meetings from Pakistan itself would have saved more money.
Kufr, read the pojitive news, please, and look at the upside. By the way, one-way fare on Amtrak from DC to NY Penn is only $88 (coach class, meals are extra, toilets in every car). If he had chosen a Greyhound bus, the one-way fare is $38 (no meals, toilet at the end of the bus). Tarin could have also qualified for a 10% senior citizen's or AAA discount if he had asked for it.
If they had this kind of thrifty Yindoo thinking, they wouldn't be begging from the IMF. They are TFTA and must travel in the best luxury possible. Aam Abdul can pay for it by sending his many sons to Soddy and Cutter.
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Re: Pakistani Economic Stress Watch

Post by Atmavik »

yensoy wrote:
anupmisra wrote:
Kufr, read the pojitive news, please, and look at the upside. By the way, one-way fare on Amtrak from DC to NY Penn is only $88 (coach class, meals are extra, toilets in every car). If he had chosen a Greyhound bus, the one-way fare is $38 (no meals, toilet at the end of the bus). Tarin could have also qualified for a 10% senior citizen's or AAA discount if he had asked for it.
If they had this kind of thrifty Yindoo thinking, they wouldn't be begging from the IMF. They are TFTA and must travel in the best luxury possible. Aam Abdul can pay for it by sending his many sons to Soddy and Cutter.
There is also a mega bus.. this would have shown pak-cheen rahdari
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

Vips wrote:Sirji not yet there, still Rs 25.20 away from double century mark.
In September 2021 Fitch predicted TPRp (Toilet Paper Rupiah) to be 180 in 2022.
g.sarkar
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Re: Pakistani Economic Stress Watch

Post by g.sarkar »

anupmisra wrote:
Vips wrote:Sirji not yet there, still Rs 25.20 away from double century mark.
In September 2021 Fitch predicted TPRp (Toilet Paper Rupiah) to be 180 in 2022.
Please Sir, have some decency. The thought of my bum touching that paper gives me heebi geebies.
Gautam
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Re: Pakistani Economic Stress Watch

Post by Avtar Singh »

Warning; I think you chaps should attend to securing your borders... making them much harder.

My instinct is that no wall will be high enough and no no-mans land will be wide enough.

I see Indians online cheering the browning of white mans lands…
As I have tried to point out previously; browning with what?
I would say sundry browns and blacks = useful idiots for commies/lefties and islamics.
Not the type of people/browns that most of us would want to associate with.

When the Hindu civilization starts getting back on its feet and becoming prosperous
the eye of sauron (globalists/islamo commie/fake liberals) will switch its gaze from white mans land
to the newly prosperous Hindu lands.

The flow of sundry browns and blacks will switch from moving towards europe and directed towards India….

Already, 100s of millions are waiting across the border without additions from other parts of the world.
Ironically India getting prosperous will only lead to a reversion back to what Hindus tasted millennia ago.

I get attacked for pointing out that when you chaps shout wacist/wacist/wacist at whites for wanting to
defend their lands from mass immigration. You are allying yourself with the very people that at some
point will turn their gaze/attack vector to you.

It will start subtly, perhaps with cricket player visas..
But pressure will grow massively from the west.

Am I right in thinking that pak origin people are not allowed entry into India?

Now there are many many people of pak origin in dhimmi western countries.
Countries that cannot even save their own girls from gang rapists.
These pak origin people in the west will start to demand access/visas to India…
No doubt backed by white islamo/commies…

Besides demanding UN style hooman rights for those at your borders.

I may be wrong but it is better to be prepared for the worst case scenario.
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Re: Pakistani Economic Stress Watch

Post by Manish_P »

Avtar Singh wrote:...

I see Indians online cheering the browning of white mans lands…
...
Not the type of people/browns that most of us would want to associate with.
Singh Ji, we Indians know exactly the kind of browns immigrating to the white lands... hence the cheer... to see Karma in action - in the form of reverse colonization. The white west used to give us SDREs grandiose lectures in morality right from the 60s, 70s on how casteist, communal bigots Indians are. Now it is almost like a schadenfreude moment for us.
Avtar Singh wrote: The flow of sundry browns and blacks will switch from moving towards europe and directed towards India….
Those of us living in India well know that this never really stopped in the first place... amongst the browns we have had huge influx of the Beedis since the late 60s and recently the Rohingyas. The Blacks (africans) have been a mere trickle thanks mainly due to the wide Arabian sea separating the sub-continent from the black continent.
Avtar Singh wrote: I get attacked for pointing out that when you chaps shout wacist/wacist/wacist at whites for wanting to defend their lands from mass immigration. You are allying yourself with the very people that at some point will turn their gaze/attack vector to you.
No Sir, you are not the one getting attacked.. it is the whites. Once you realise that (refer the first para) it will be more clear.

Of course if the ones attacking you are the NRIs then they would most likely be the typical mentally colonised Coconuts/MUTUs (usually 2nd-3rd gen persons who have an Indian parent/grandparent)
Avtar Singh wrote: ..Now there are many many people of pak origin in dhimmi western countries.
..These pak origin people in the west will start to demand access/visas to India…
..
Yes, this is something which will need to be watched out for and a plan to be put in place. Denial of Visas to a certain group is more complicated as compared to restriction on eligibility of citizenship (something CAA has tried to do). Need a strongly nationalist government at the helm for the next many decades at a minimum..
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

Another milestone achieved! AoA!

USD to PKR Today is RS 175.00 in the currency market of Pakistan.


Haram ka link: https://hamariweb.com/finance/forex/usd-to-pkr.aspx
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

Inflation breaks 70-year record in last three years: report
Inflation in Pakistan has broken a 70-year record in the last three years, with food prices doubling, while the prices of ghee, oil, sugar, flour and poultry have reached historic levels.
According to the Federal Bureau of Statistics (FSP), from October 2018 to October 2021, electricity rates have increased by 57pc from Rs 4.06 per unit to at least Rs 6.38 per unit.
By the first quarter of October, the price of 11.67 kg cylinder of LPG had gone up by 51 per cent from Rs 1,536 to Rs 2,322. Similarly, the price of petrol had gone up by 49 per cent in three years
The highest increase in prices of food items was in the prices of edible ghee and oil. The price of ghee increased by 108% to Rs. 356 per kg.
The price of sugar increased by 83% in 3 years
The price of 20 kg bag of flour has gone up by 52% to Rs. 1196 in 3 years.
the price of beef has gone up by 48% to Rs 560 per kg in three years.
In three years, open milk has risen by 32% to Rs. 112 per liter
During the last three years, the price of rice has gone up by an average of 30 per cent
During this period, chicken eggs also increased by 47% to Rs 170 per dozen.
But, pakhanistan's maiden World Cup win over India in 29 years beats all of the above.

Haram link: https://www.thenews.com.pk/print/903204 ... ars-report
Aditya_V
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Re: Pakistani Economic Stress Watch

Post by Aditya_V »

The solution is to move Pakis to an all meat diet, export wood especially from Mango trees and all trees on Paki side of the LOC, sell large parts of PR stock of wagons, locomotives, railway tracks etc as scrap. Export ore of any sort big time. Stop wasteful consumption of coal by Chinese power plants, export sui gas and make domestic consumption via wood for cooking.
Aditya_V
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Re: Pakistani Economic Stress Watch

Post by Aditya_V »

Paki Rupee is only 175.6 to the USD, comon Pakis lets make 200 before 2022 and 225 before the next EID, Yeh Dil Mange More. IM the Dim could quickly from INR:PKR from 1.5 has to Achieve a ratio 3 to 3.5 quickly.
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Re: Pakistani Economic Stress Watch

Post by chetak »

anupmisra wrote:Inflation breaks 70-year record in last three years: report
Inflation in Pakistan has broken a 70-year record in the last three years, with food prices doubling, while the prices of ghee, oil, sugar, flour and poultry have reached historic levels.
According to the Federal Bureau of Statistics (FSP), from October 2018 to October 2021, electricity rates have increased by 57pc from Rs 4.06 per unit to at least Rs 6.38 per unit.
By the first quarter of October, the price of 11.67 kg cylinder of LPG had gone up by 51 per cent from Rs 1,536 to Rs 2,322. Similarly, the price of petrol had gone up by 49 per cent in three years
The highest increase in prices of food items was in the prices of edible ghee and oil. The price of ghee increased by 108% to Rs. 356 per kg.
The price of sugar increased by 83% in 3 years
The price of 20 kg bag of flour has gone up by 52% to Rs. 1196 in 3 years.
the price of beef has gone up by 48% to Rs 560 per kg in three years.
In three years, open milk has risen by 32% to Rs. 112 per liter
During the last three years, the price of rice has gone up by an average of 30 per cent
During this period, chicken eggs also increased by 47% to Rs 170 per dozen.
But, pakhanistan's maiden World Cup win over India in 29 years beats all of the above.

Haram link: https://www.thenews.com.pk/print/903204 ... ars-report

Image
g.sarkar
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Re: Pakistani Economic Stress Watch

Post by g.sarkar »

https://www.rediff.com/news/report/cash ... 211027.htm
Cash-strapped Pak thanks Saudi Prince for US$ 4.2 billion aid
Sajjad Hussain, October 27, 2021

Saudi Arabia has agreed to provide US$ 4.2 billion worth of assistance to cash-strapped Pakistan to support its economy, it emerged on Wednesday after Prime Minister Imran Khan held talks with Saudi Prince Mohammad bin Salman in Riyadh this week.
Information Minister Fawad Chaudhry took to Twitter to announce the assistance which came just two days after Khan paid a three-day visit to the Gulf kingdom.
"Saudi Arabia's announcement supports Pakistan with 3 billion US dollars as deposit in Pakistan central bank and also financing refined petroleum products with 1.2 billion US dollars during the year," he said in a tweet.
Prime Minister Khan thanked Prince Salman for the generous aid when Pakistan's economy was facing difficulties.
"I want to thank HRH Prince Mohammad bin Salman for supporting Pak with $3 bn as deposit in Pak's central bank & financing refined petroleum product with $1.2 bn. KSA has always been there for Pak in our difficult times incl now when world confronts rising commodity prices (sic)," he said on Twitter.
.....
Gautam
anupmisra
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

g.sarkar wrote:https://www.rediff.com/news/report/cash ... 211027.htm
"Saudi Arabia's announcement supports Pakistan with 3 billion US dollars as deposit in Pakistan central bank and also financing refined petroleum products with 1.2 billion US dollars during the year,".....Gautam
It's a "temporary" deposit of $3Bn in the state bank to bolster paki reserves and help slow down the decaying value of TPRupee against the US Dollar. KSA is the same nation that voted to keep pakhanistan in FATF's grey list.
Aditya_V
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Re: Pakistani Economic Stress Watch

Post by Aditya_V »

USD:PKR, the PKR has appreciated to 173 based on this news
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

Pakis are delirious that their rupee has gained in value against the US $ because of this temporary placement. However, the street is not buying it. Note the wide delta between the two values:

Rupee rebounds on $4.2 billion Saudi support package, gains Rs2.5 in interbank trade
The rupee bounced back on Wednesday to gain Rs2.5 against the US dollar in the interbank market as the currency closed the trade at Rs172.78, after Saudi Arabia announced a support package of $4.2 billion for Pakistan, traders and bankers said.
However, the currency traders on the street had this to say:

USD to PKR Rate in Pakistan Today
USD to PKR Today is RS 175.50 in the currency market of Pakistan.


Delta of TPR 2.72.
chetak
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Re: Pakistani Economic Stress Watch

Post by chetak »

anupmisra wrote:Pakis are delirious that their rupee has gained in value against the US $ because of this temporary placement. However, the street is not buying it. Note the wide delta between the two values:

Rupee rebounds on $4.2 billion Saudi support package, gains Rs2.5 in interbank trade
The rupee bounced back on Wednesday to gain Rs2.5 against the US dollar in the interbank market as the currency closed the trade at Rs172.78, after Saudi Arabia announced a support package of $4.2 billion for Pakistan, traders and bankers said.
However, the currency traders on the street had this to say:

USD to PKR Rate in Pakistan Today
USD to PKR Today is RS 175.50 in the currency market of Pakistan.


Delta of TPR 2.72.
looks like the pakis dumping of grey listed turdogan seems to have worked.

wonder how much of this the hans will grab for themselves under the head of "delayed" interest payments
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

chetak wrote:wonder how much of this the hans will grab for themselves under the head of "delayed" interest payments
Or even the local money lenders (in cahoots with the genrails) who would make money by arbitrage.
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Re: Pakistani Economic Stress Watch

Post by yensoy »

Haramiweb updates once a day. The update happened before the Saudi deal was announced, since then indeed the exchange rate fell. But it is altogether likely (and looking like it) that the exchange rate rose a bit after the initial drop. Basically this will be seen as a temporary dollar buying opportunity by anyone with PKR assets and some fig leaf excuse to purchase forex. That is because the Saudi deposit is fickle and of a temporary nature, and it may not be enough to convince the IMF to provide more funds.
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Re: Pakistani Economic Stress Watch

Post by Vips »

Ya Habibi. Porkistan is going to pay interest @ 3.5% to Saudi Arabia for parking its money as deposit in Pakistan central bank.
It cannot as per Saudi restrictions spend the money, just use it as hedge to stabilize the value of its toilet paper against the US $:lol:
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Re: Pakistani Economic Stress Watch

Post by Atmavik »

Vips wrote:Ya Habibi. Porkistan is going to pay interest @ 3.5% to Saudi Arabia for parking its money as deposit in Pakistan central bank.
It cannot as per Saudi restrictions spend the money, just use it as hedge to stabilize the value of its toilet paper against the US $:lol:
Pakis will claim intrest is haram
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Re: Pakistani Economic Stress Watch

Post by Ambar »

Vips wrote:Ya Habibi. Porkistan is going to pay interest @ 3.5% to Saudi Arabia for parking its money as deposit in Pakistan central bank.
It cannot as per Saudi restrictions spend the money, just use it as hedge to stabilize the value of its toilet paper against the US $:lol:
And how do they achieve that ? Don't they have to sell those dollars to stabilize their worthless toiletpaper ?
chetak
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Re: Pakistani Economic Stress Watch

Post by chetak »

Ambar wrote:
Vips wrote:Ya Habibi. Porkistan is going to pay interest @ 3.5% to Saudi Arabia for parking its money as deposit in Pakistan central bank.
It cannot as per Saudi restrictions spend the money, just use it as hedge to stabilize the value of its toilet paper against the US $:lol:
And how do they achieve that ? Don't they have to sell those dollars to stabilize their worthless toiletpaper ?
it's like that liquid oxygen story

“Raabert, is haraami ko Liquid Oxygen mein daal do. Liquid ise jeene nahin dega; Oxygen ise marne nahin dega!” — Ajit.
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Re: Pakistani Economic Stress Watch

Post by ritesh »

Ambar wrote:
Vips wrote:Ya Habibi. Porkistan is going to pay interest @ 3.5% to Saudi Arabia for parking its money as deposit in Pakistan central bank.
It cannot as per Saudi restrictions spend the money, just use it as hedge to stabilize the value of its toilet paper against the US $:lol:
And how do they achieve that ? Don't they have to sell those dollars to stabilize their worthless toiletpaper ?
Hainji, is this even Sharia compliant? How can one birather mulk charge interest to another birather but obviously a lower level slave mulk. How is this being allowed by mullah.
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Re: Pakistani Economic Stress Watch

Post by Vips »

ritesh wrote:
Ambar wrote:
And how do they achieve that ? Don't they have to sell those dollars to stabilize their worthless toiletpaper ?
Hainji, is this even Sharia compliant? How can one birather mulk charge interest to another birather but obviously a lower level slave mulk. How is this being allowed by mullah.
You Kufr what do you know of Sharia and Islam? Islam started in Arabia, Arabic is the language of Islamic scripture, Arabs are the custodians of the two main mosques. Thus Arabs are the true, original Muslims and hence can charge interest on the third grade, converted and impure muslims of Pakistan.

Arabs - First, True, Original and Pure Muslims.
Turks - A step below the Arabs.(Second grade)
Pakis- Third grade Muslims, converted lowlife's who are disparagingly called miskeen in the Middle East.
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Re: Pakistani Economic Stress Watch

Post by g.sarkar »

Pakistan never returns loans. China does not give any thing for free. On top of that, one who takes the loan has a tactical advantage over the giver when the time to return comes along. I hope the Sheikhs live to regret this decision of parking money in a sinking ship.
Gautam
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Re: Pakistani Economic Stress Watch

Post by Aditya_V »

g.sarkar wrote:Pakistan never returns loans. China does not give any thing for free. On top of that, one who takes the loan has a tactical advantage over the giver when the time to return comes along. I hope the Sheikhs live to regret this decision of parking money in a sinking ship.
Gautam
Saudis are also not doing this for free, I am sure Pakistan has agreed for something in this regard- what we do not know? Cannon fodder for some place Syria/ Africa/ Turkey. Paki Regime has 220 million + 50 million Afgans now who can be used as Free labour.

And How is this given- Refined Petroleum products, 1.2 Billion, who is refining, Relience in Jamnagar, Petrol, Kerosene given as Free or Credit?

Regarding USD 3 Billion deposit, anytime they can stop Ergodan IM the Dim tamasha pretty easily, Pakis have to something like 22 Billion +CPEC for next 1 year. And they very poor Balance of Trade, Remittances if any will come from UK and Gulf. So how will they fund themselves over the next 1 year- Kill all the cattle and export Beef? Cut all thier trees and Export wood, I think this euphoria will be over in 1 week.
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Re: Pakistani Economic Stress Watch

Post by Vips »

g.sarkar wrote:Pakistan never returns loans. China does not give any thing for free. On top of that, one who takes the loan has a tactical advantage over the giver when the time to return comes along. I hope the Sheikhs live to regret this decision of parking money in a sinking ship.
Gautam
The time of free money (Hard cash deposits and hand outs), IMHO is gone. MBS is far too practical for that. Giving oil on credit or deferred payment may happen but for sure even for that Porkistan will have to agree to a lot of things vis-a-vis Turkey, Qatar and Mashaallah Israel :mrgreen:
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Re: Pakistani Economic Stress Watch

Post by yensoy »

What's the deal with the oil on credit? How long after receiving the oil do they need to pay for it? Oil is a bloody consumable, why on earth would you take it on credit unless you are in a war situation? Or are the Saudis going to get 3.5% interest ad infinitum on their oil sales? That would actually work out very well for them in the long run because there aren't many avenues to get that kind of interest on USD, backed by sovereign guarantee.
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

yensoy wrote:What's the deal with the oil on credit?
See, it's like going to a fine restaurant, ordering and eating to your heart's content and then, if you are a paki, you have two choices. 1. Dine and dash without paying (but you would need someone to point out the door and hold it open for you) or 2. decline to pay the bill and end up washing dishes.

Guess which option the pakis have deployed in the past and will continue to deploy for this temporary $3Bn facility? The saudis have already priced in the cost savings from washing the dishes** for the next 30 years.

** - ijlamic nuclear bums, below-market rate labor with no complaints, bustard hunting, and general entertainment (periodic beheadings, paki dramas on the streets in Jeddah, Uber drivers...)
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Re: Pakistani Economic Stress Watch

Post by CalvinH »

The demands must be more sinister with Saudi's acting as a proxy for US. The bad side of this is that Pakis would do the same they were doing earlier for US but with fraction of the payments they used to get. Plus the payment wont go directly to Fauji budget...
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

CalvinH wrote:The demands must be more sinister with Saudi's acting as a proxy for US. The bad side of this is that Pakis would do the same they were doing earlier for US but with fraction of the payments they used to get. Plus the payment wont go directly to Fauji budget...
I believe the $3 Bn parked in their state bank coffers will allow the pakis, under IMF diktats, to use an equivalent amount to buy food and aid. The question is who will monitor this buying spree/
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