Pakistani Economic Stress Watch

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g.sarkar
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Re: Pakistani Economic Stress Watch

Post by g.sarkar »

https://www.youtube.com/watch?v=ZUmmwAT ... nnel=NewsX
China Bankrupts Pakistan With 'Dams' | Flood-Hit Pakistan Appeals India For Aid | NewsX
Gautam
A good discussion with Amb. Deepak Vohra on how India will send aid to Pakistan, what China has done, and what Pakistan has done in the past, for example the earthquake in POK.
Last edited by g.sarkar on 01 Sep 2022 12:28, edited 1 time in total.
Atmavik
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Re: Pakistani Economic Stress Watch

Post by Atmavik »

^^^ What ??? another master stroke in the making ??? prety soon Nationalists will get a heart stroke
Pratyush
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Re: Pakistani Economic Stress Watch

Post by Pratyush »

This is getting absurd. PRC is invited by these countries in order to show the middle finger to India.

When PRC extracts it's pound of flesh. India jumps to the rescue.

Why not let these fool's face the consequences of the choices they have made.
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Re: Pakistani Economic Stress Watch

Post by Manish_P »

Pratyush wrote:This is getting absurd. PRC is invited by these countries in order to show the middle finger to India.

When PRC extracts it's pound of flesh. India jumps to the rescue.

Why not let these fool's face the consequences of the choices they have made.
Pretty sure they are not the fools... peacefuls yes, fools, no.

Jihadistan, Bangladesh, Maldives- they all know how to play one against the other to extract & extort.

The Lankans and Nepalis have learned from them how easily they can milk the dharmics to fill the expensive wine glasses bought from the chinese.
kit
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Re: Pakistani Economic Stress Watch

Post by kit »

Pakistan cancels plans to buy 3 million tons of Wheat from Russia at a discount, after Pakistan's secret deliveries of 122mm and 82mm ammunition to Ukraine became public.

dont ask :((

https://twitter.com/TheLegateIN/status/ ... 4244883463
kit
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Re: Pakistani Economic Stress Watch

Post by kit »

#Pak contribution to #UkraineRussianWar war effort. How 155 ammo from POF Wah cantt reach Ukraine.
It starts from Wah-Cantt where they got 155mm artillery shell factory, made with help from South Korean machinery.

https://twitter.com/DfIlite/status/1564866911988396034

pakis are sure to get a lot of "free wheat" and oil free from Russia now :rotfl:
Anujan
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Re: Pakistani Economic Stress Watch

Post by Anujan »

Nothing can be ruled out here. Unkil is probably paying the Pakis to supply arms to Ukraine.
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Re: Pakistani Economic Stress Watch

Post by saip »

Anujan wrote:Nothing can be ruled out here. Unkil is probably paying the Pakis to supply arms to Ukraine.
Uncle could have outed it too to make sure Pakis don't buy anything from Russia.
Aditya_V
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Re: Pakistani Economic Stress Watch

Post by Aditya_V »

kit wrote:#Pak contribution to #UkraineRussianWar war effort. How 155 ammo from POF Wah cantt reach Ukraine.
It starts from Wah-Cantt where they got 155mm artillery shell factory, made with help from South Korean machinery.

https://twitter.com/DfIlite/status/1564866911988396034

pakis are sure to get a lot of "free wheat" and oil free from Russia now :rotfl:
South Koreans machinery and Pakis manufacturing base bleed ammo, can we use our influence to make sure this ammo is defective, this is pretty dangerous for us.
Manish_P
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Re: Pakistani Economic Stress Watch

Post by Manish_P »

A-o-A Bakistan is breaking records every Fridin

The charge is being lead by the Timatar-Pyaaz duo now

Yawn - Weekly inflation surges to all-time high of 45.5 pc
Inflation measured by the Sensitive Price Index (SPI) surged to an all-time high in the week that ended on September 1, climbing to 45.5 per cent year-on-year (YoY) on the back of a more than 200 per cent increase in the rates of tomatoes and onions, and higher fuel prices.

Prior to this, the highest year-on-year weekly inflation figure was 44.58pc, which was recorded in the preceding week
vimal
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Re: Pakistani Economic Stress Watch

Post by vimal »

^^ I'm disappointed by our humsaya mulak. They should've hit at least 72% inflation to meet the promise of 72 houris.
Anujan
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Re: Pakistani Economic Stress Watch

Post by Anujan »

https://tribune.com.pk/story/2374245/th ... to-do-more

The IMF needs to do more

Now that the hard-bargained instalment of $1.16 billion has been released, Pakistan must ask the IMF to do more.
https://tribune.com.pk/story/2374179/go ... for-floods

Govt mulls taking another IMF loan for floods
“Once the quantum of losses is agreed upon, the government will make a decision to approach the bilateral and multilateral creditors for financial assistance,” Dr Aisha Pasha, Minister of State for Finance said when she was asked whether Pakistan was going to get a condition-free financing facility from the IMF.

Pakistan should demand a third IMF loan to pay off the first two loans.
Manish_P
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Re: Pakistani Economic Stress Watch

Post by Manish_P »

Anujan wrote: ...
https://tribune.com.pk/story/2374179/go ... for-floods

Govt mulls taking another IMF loan for floods
...
Pakistan should demand a third IMF loan to pay off the first two loans.
Why take another loan hain??? it is jihadistans allah-given right to be reimbursed for climate change, just like reimbursement for the war-on-terror

Flash floods: British MP demands cancellation of Pakistan's int'l debt
A British member of parliament on Friday urged the international community that Pakistan's foreign debt should be immediately cancelled amid record-breaking inflation and devastating floods in the country.

"Inflation in Pakistan is at an all-time high at 27%! Pakistan’s international debt should be immediately cancelled," British MP Claudia Webbe wrote on her official Twitter handle.

She said that Pakistan should instead be given reparations for the climate crisis the country is currently facing.
Manish_P
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Re: Pakistani Economic Stress Watch

Post by Manish_P »

Re the IMF deal

Yawn - Govt bound to hike gas prices, fuel GST under IMF deal :((
The government has committed more utility price shocks under a straightjacket :lol: implementation plan with the International Monetary Fund (IMF) involving an over 53 per cent increase in gas rates, the revival of general sales tax on petroleum products and withdrawal of more subsidies.

The IMF released a deta­iled 112-page country report on Friday on the completion of the seventh and eighth reviews of the extended fund facility (EFF), under which Pakistan has also committed to ensure electronically filed tax and asset details of grade 17 to 22 officers and members of the cabinet and the parliament and make them available to “authorised entities” — not to the public — besides globally acceptable comprehensive review of the anti-corruption institutional framework, particularly the National Accountability Bureau (NAB).#so an international body will audit the work of bakistans NAB?? :(( What about loss of H&D due to the violation of this sovereignty#

The authorities have also given an undertaking to privatise four state-owned entities (SOEs) — a bank, a development finance institution and two LNG-based power plants — this year, besides immediately setting up a central monitoring unit in the finance ministry to control the financial management of other SOEs to improve their performance. #Hain? Just a couple of days ago Muft FM had said that Bakistan had victoriously got target criteria waived off#
...

The government has given a commitment to the IMF to recover about Rs 786 bn #mashaallah a halal number# from gas consumers during the current year — about Rs 120 bn higher than 45pc increase in gas rates determined by the Oil and Gas Regulatory Authority (Ogra) for June to generate an estimated revenue of Rs 666 bn.
...

The IMF report said the government had committed to priority measures, such as establishing an asset declaration system with a focus on high-level public officials, including federal cabinet members (end-March SB, reset to end-September), and publication of a comprehensive review of the anti-corruption institutional framework — NAB — by a task force with the participation of independent experts with international experience and civil society organisations (new end-January 2023 SB).

Under this target, to advance transparency, accountability, and integrity in the public sector, “we will issue regulations to establish an electronic asset declaration system that is comprehensive (i.e. covering assets beneficially owned or located abroad, including those of spouses, children and benamidars), centrally held with the Federal Board of Revenue, covering federal civil servants of Basic Pay Scale (BPS) 17 to 22, accessible to entities authorised by law (including banks for the limited purposes of conducting customer due diligence as required for the provision of banking services), and effectively verified”, it said. #Uniformed Jihadis AKA Faujis are of course exempt#
...

Yet, the fiscal risks to the programme were considerable, including from the government’s ability to raise the projected revenue from a number of novel taxes and staggered PDL implementation (with 90pc revenue generated in the last three quarters), the provincial commitment to deliver the historically high surpluses agreed, and the significant containment of current spending relative to GDP in a pre-election year.

In view of these risks, the government has committed to triggering contingency measures at the earliest signs of fiscal programme underperformance.

As soon as monthly data show signs of underperformance against programme revenue targets (for example, if data for an early month within a quarter suggest risks to quarterly performance), the government has committed to activating contingency measures as needed,
including immediately increasing GST on fuel as a prelude to reaching the standard 17pc rate, further streamlining GST exemptions including on sugary drinks and other unwarranted exemptions, such as those benefiting exporters including those in financing facilities and energy prices.
...
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Re: Pakistani Economic Stress Watch

Post by Bart S »

A British member of parliament on Friday urged the international community that Pakistan's foreign debt should be immediately cancelled amid record-breaking inflation and devastating floods in the country.

"Inflation in Pakistan is at an all-time high at 27%! Pakistan’s international debt should be immediately cancelled," British MP Claudia Webbe wrote on her official Twitter handle.

She said that Pakistan should instead be given reparations for the climate crisis the country is currently facing.
Isn't she elected from a predominantly Indian constituency from which Keith Vaz used to get elected earlier? That too after she turned out to be too corrupt and toxic for even the rabidly anti-Indian Labour party and got kicked out, still elected as an independent!
CalvinH
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Re: Pakistani Economic Stress Watch

Post by CalvinH »

Demand an IMF loan!!
vimal
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Re: Pakistani Economic Stress Watch

Post by vimal »

What is OIC doing?
Why isn’t the ummah throwing zakat at Pakis?
Seems like a yahud hanud conspiracy
kit
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Re: Pakistani Economic Stress Watch

Post by kit »

x post



How Pakistan is aiding the Ukranian offensive ; all chummy with the original ukies

IMF loans coming up !!
kit
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Re: Pakistani Economic Stress Watch

Post by kit »

Manish_P wrote:
Anujan wrote: ...
https://tribune.com.pk/story/2374179/go ... for-floods

Govt mulls taking another IMF loan for floods
...
Pakistan should demand a third IMF loan to pay off the first two loans.
Why take another loan hain??? it is jihadistans allah-given right to be reimbursed for climate change, just like reimbursement for the war-on-terror

Flash floods: British MP demands cancellation of Pakistan's int'l debt
A British member of parliament on Friday urged the international community that Pakistan's foreign debt should be immediately cancelled amid record-breaking inflation and devastating floods in the country.

"Inflation in Pakistan is at an all-time high at 27%! Pakistan’s international debt should be immediately cancelled," British MP Claudia Webbe wrote on her official Twitter handle.

She said that Pakistan should instead be given reparations for the climate crisis the country is currently facing.

indeed only that the reason is not "climate" but "contribution" to Ukrainian war as UK proxy
Aldonkar
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Re: Pakistani Economic Stress Watch

Post by Aldonkar »

Bart S wrote:
Isn't she elected from a predominantly Indian constituency from which Keith Vaz used to get elected earlier? That too after she turned out to be too corrupt and toxic for even the rabidly anti-Indian Labour party and got kicked out, still elected as an independent!
You are correct that her constituency has a strong Indian base, and that it is Keith Vaz's old constituency. She was kicked out of the Labour party last year after a criminal conviction and is currently an "Independent" MP. She lost her appeal against her conviction so she is unlikely to be renominated or re-elected in the next General Election.

She is just reminding the sizable peacefool element in her constituency that she has their interests at heart!
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Re: Pakistani Economic Stress Watch

Post by rsingh »

Fact: Bakistan lost 40 percent of forest cover since 1990. Every body forgot this.
Cyrano
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Re: Pakistani Economic Stress Watch

Post by Cyrano »

Need wood fires to grill donkey meat naa? They are conditioned by the promise of jannat, reckless consumption is great in the short term, will only bring Qayamat closer and houris into to grabbing distance inch by inch, day by day....
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Re: Pakistani Economic Stress Watch

Post by S_Madhukar »

Looks like their Plan of Qayamat will bring them as refugees into Bharat confirming Gazwa. Hope it simply rains more and flushes the turd down
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Re: Pakistani Economic Stress Watch

Post by g.sarkar »

https://www.bloomberg.com/news/articles ... ing-floods
Pakistan Forecasts Economic Growth to Halve Following Floods
Faseeh Mangi, September 5, 2022

Pakistan’s government slashed its economic growth projections by more than half compared to its previous estimate after flooding inundated a third of the country.
The floods have made previous projections irrelevant and economic growth is estimated at 2.3% now, according to initial calculations by the Ministry of Planning Development and Special Initiatives. The government had set a target of 5% growth in June.
Pakistan’s economy was passing through multiple economic challenges and “the devastation to the floods have further intensified the crisis,” said the note.
The South Asian nation is facing a climate crisis even as it resumed a $6.5 billion loan program with the International Monetary Fund easing fears of a default. Millions of acres of agricultural land were flooded after the highest rainfall in decades.
.....
____________________________________________________________________________________________________________________________
https://www.bloomberg.com/news/articles ... -inflation
Vegetable Costs Up 500% Threaten to Fuel Pakistan Inflation
Price gains already at 47-year high may hit 30% after floods
Finance minister, however, says price gains close to peaking
Faseeh Mangi and Ismail Dilawar, September 4, 2022

Skyrocketing prices of tomatoes, potatoes and onions are putting food out of reach in flood-ravaged Pakistan and raising the specter of inflation hitting 30%, which may spur more monetary tightening.
The South Asian nation already reeling from dwindling currency reserves and the fastest inflation in almost five decades faces a food shortage after torrential rains submerged a third of the country and destroyed crops. Eight more districts were added at the weekend to the country’s calamity list of 80 areas hit by floods.
.....
Gautam
I do not know why they are bothered by the rising price of veggies, as Mard-e-Momin eats only gost.
Last edited by g.sarkar on 06 Sep 2022 07:06, edited 1 time in total.
Manish_P
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Re: Pakistani Economic Stress Watch

Post by Manish_P »

g.sarkar wrote: Pakistan Forecasts Economic Growth to Halve Following Floods.
.....
Gautam
That should be read as 'Pakistan demands twice as much aid, following floods'
Cyrano
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Re: Pakistani Economic Stress Watch

Post by Cyrano »

Pak has long survived because of the "too big to fail" syndrome, nuisance value wrt India, and eagerness to do all kinds dirty jobs for the west for some $$$, like the recent clandestine supply of arms and munitions to Ukra-een upon UKs bidding. For the last one, they can forget any gas pipes or oil favours from Russia.

But the coming dark and dreary months for the west, weak global demand, high energy prices, floods and droughts later sending food prices sky high, Chinese investments drying up = perfect storm for Pak.

We just need to keep hand off and watch them crumble.
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Re: Pakistani Economic Stress Watch

Post by Dilbu »

Qatar says emphatic no
The news is out. As per Business Recorder exclusive, there is nothing concrete coming from Qatar. The vibes coming from Qatar are similar. Now it’s out in the public. The government was initially looking at getting deposits from Qatar. Got a plain no on it. The next in line are investments. Government is attempting to put everything under the sun for sale. But only doable investments in the next 3-6 months, where some initial work is being done, are selling of two RLNG power plants and Energas RLNG terminal where Qatar Energy is the single largest shareholder.
Pakistan has two kind of risks – economic and political. Qataris want deals which are profitable for them. Wherever, there is involvement of government, political uncertainty comes into play. To cover that risk, they want some informal endorsement from the establishment, as they think, that only consistent power in Pakistan is the establishment.
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Re: Pakistani Economic Stress Watch

Post by rsingh »

g.sarkar wrote:https://www.bloomberg.com/news/articles ... ing-floods
Pakistan Forecasts Economic Growth to Halve Following Floods
Faseeh Mangi, September 5, 2022

Pakistan’s government slashed its economic growth projections by more than half compared to its previous estimate after flooding inundated a third of the country.
The floods have made previous projections irrelevant and economic growth is estimated at 2.3% now, according to initial calculations by the Ministry of Planning Development and Special Initiatives. The government had set a target of 5% growth in June.
Pakistan’s economy was passing through multiple economic challenges and “the devastation to the floods have further intensified the crisis,” said the note.
The South Asian nation is facing a climate crisis even as it resumed a $6.5 billion loan program with the International Monetary Fund easing fears of a default. Millions of acres of agricultural land were flooded after the highest rainfall in decades.
.....
____________________________________________________________________________________________________________________________
https://www.bloomberg.com/news/articles ... -inflation
Vegetable Costs Up 500% Threaten to Fuel Pakistan Inflation
Price gains already at 47-year high may hit 30% after floods
Finance minister, however, says price gains close to peaking
Faseeh Mangi and Ismail Dilawar, September 4, 2022

Skyrocketing prices of tomatoes, potatoes and onions are putting food out of reach in flood-ravaged Pakistan and raising the specter of inflation hitting 30%, which may spur more monetary tightening.
The South Asian nation already reeling from dwindling currency reserves and the fastest inflation in almost five decades faces a food shortage after torrential rains submerged a third of the country and destroyed crops. Eight more districts were added at the weekend to the country’s calamity list of 80 areas hit by floods.
.....
Gautam
I do not know why they are bothered by the rising price of veggies, as Mard-e-Momin eats only gost.
OK so let them eat Spanish Lettuce and Italian sun-dried pamidori. Bakis were thinking that India will start sending veg for free.BTW US, UK used Military ration packs in IRAQ and Afganistan ( complete with instructions in Arabic) Why that food is not distributed? I do not see Paki army ration packs used for hungry civilians.
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Re: Pakistani Economic Stress Watch

Post by vimal »

I’m surprised that there was even a growth in Pakland. The only growth they’ve seen is their population, halving that is not a bad thing for them.
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Re: Pakistani Economic Stress Watch

Post by Dilbu »

Things are starting to get grim.
Baby starves to death after crying all night for food
KHAIRPUR: The body of one-year-old Aasia Mumtaz rested on a charpoy, roughly four times her size, at a relief camp located in Kot Diji, Khairpur district. She starved to death.
People lost their cool when they saw their children crying for help and decided not to bury Aasia until the authorities concerned come to see them and solve their issues. The issues were simple: they needed something to eat and drink.

“My daughter cried all night; we didn’t have anything to give her and she passed away,” Bibi wailed before she fell conscious again. “Neither we got water nor milk,” Aasia’ father, a labourer, said, adding he couldn’t even get a mosquito net and a tent for his family of six.

Another man, holding his son in his arms, said he didn’t have food, water or milk since yesterday, adding: “Our children are dying thirsty.”

He along with several others said that they were given only one mosquito net for one family, adding neither the elected representatives nor the local authorities provided them with any help.
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Re: Pakistani Economic Stress Watch

Post by Mort Walker »

No worries. Xiden is giving them $450M for F-16 upgrade program. Never mind the floods, let them eat F-solahs according to Xiden!
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Re: Pakistani Economic Stress Watch

Post by Deans »

vimal wrote:I’m surprised that there was even a growth in Pakland. The only growth they’ve seen is their population, halving that is not a bad thing for them.
You are right Vimal ji. The estimated GDP growth is 2.3% (that too will be inflated), but population growth is 2.5%. On per capita basis, their
income will drop, assuming they meet the revised target.
India is estimated to grow at 7% with a population growth of 1% (or a bit less). So, 6% increase in per capita income, which means it doubles in
12 years. Inshallah we will soon add a Pakistan to our economy each year (Pak economy 290 B, India 3000b and growing faster than Pak).
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Re: Pakistani Economic Stress Watch

Post by Manish_P »

Dilbu wrote:Things are starting to get grim.
Baby starves to death after crying all night for food
This was the case in the earlier floods as well.. but it was only reported in their local media.

This time the Fauj is also feeling the pinch of money, hence the stories in the angrezi media to sway International public opinion.

Unfortunately, for them, the international public is mostly battling rising prices and recession themselves and Im-the-Dim has pissed off the arabs.

As far as india is concerned, they know at the most we will help with wheat, veggies, medicines and not hard cash.
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Re: Pakistani Economic Stress Watch

Post by Bart S »

Deans wrote:
vimal wrote:I’m surprised that there was even a growth in Pakland. The only growth they’ve seen is their population, halving that is not a bad thing for them.
You are right Vimal ji. The estimated GDP growth is 2.3% (that too will be inflated), but population growth is 2.5%. On per capita basis, their
income will drop, assuming they meet the revised target.
India is estimated to grow at 7% with a population growth of 1% (or a bit less). So, 6% increase in per capita income, which means it doubles in
12 years. Inshallah we will soon add a Pakistan to our economy each year (Pak economy 290 B, India 3000b and growing faster than Pak).
They have not done a census in several decades (and even previous data like all think Paki is dubious). So there are no credible population numbers for Pakistan, and they have been saying 220 million (like they usually parrot ISPR talking points) for many many years now.

And of course, just like Western agencies and media take China's numbers at face value though they know that it is all very dubious, they do the same for Pakistan as the old soft corner for Pakistan from the cold war era people who are still in positions of power in the West remains.

I think India is already adding a whole Pakistan each year. Keep in mind that 7% is real growth, whereas I think nominal growth is considered for GDP calculations and it is even higher.
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Re: Pakistani Economic Stress Watch

Post by Deans »

Bart S wrote: They have not done a census in several decades (and even previous data like all think Paki is dubious). So there are no credible population numbers for Pakistan, and they have been saying 220 million (like they usually parrot ISPR talking points) for many many years now.

And of course, just like Western agencies and media take China's numbers at face value though they know that it is all very dubious, they do the same for Pakistan as the old soft corner for Pakistan from the cold war era people who are still in positions of power in the West remains.

I think India is already adding a whole Pakistan each year. Keep in mind that 7% is real growth, whereas I think nominal growth is considered for GDP calculations and it is even higher.
That's probably true, I have taken official Pak numbers, so the reality can only be worse. Pak is behind Bangladesh in all economic indicators.
Fun fact - NCR consumes more power than the whole of Pak. Also buys more cars.
Pak produces 20,000 engineers a year while India graduates 15 lac engineers each year.
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Re: Pakistani Economic Stress Watch

Post by CalvinH »

Paki economy is a classic case of elite capture. A small section of elite living in luxury sucking all resources from the economy leaving large population below poverty and a very small middle class.
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Re: Pakistani Economic Stress Watch

Post by g.sarkar »

https://www.aljazeera.com/economy/2022/ ... ut-economy
After record floods, now Pakistan has to worry about economy
The rain has destroyed vast hectares of crops, including cotton, a key source of employment and forex for the nation.
Abid Hussain, 7 Sep 2022

Islamabad, Pakistan – Tanveer Aziz Kingrani was planning to spend August preparing for his term examinations at the University of Sindh. Instead, the 23-year-old aspiring physicist has been camping out in a tent with 18 family members for the past week after his village was completely submerged in floods.
A resident of Haji Manik Khan village, 20km (12 miles) from Dadu city in Pakistan’s southern province of Sindh, Kingrani and his family are among the 33 million people who have been forced to leave their houses due to the unprecedented rains and floods that hit the region last month.
But it was not just the homelessness that was on Kingrani’s mind.
“Our crops are completely destroyed. We have nothing left for ourselves, or for the market. We have suffered a loss of at least 1.8 million Pakistani rupees [$8,000],” he tells Al Jazeera over the phone.
On the 12 hectares (30 acres) of farmland that Kingrani’s father owns, he sows rice, cotton, and wheat during the winter. But the rains have not only destroyed his standing crops of rice and cotton, the Kingranis are now worried about their wheat crop as well.
“There’s so much water that there is no chance of it receding or draining before the next three months, and that means we will miss out on the timeframe to sow the wheat crop,” says Aziz Kingrani, Tanveer’s father.
“I have no other source of income besides my land and my pension,” says Aziz, a retired professor. “I have no idea how I will feed 18 people with my meagre pension. I may just have to recall my son from his college to help me out.”
......
Gautam
Masha 'Allah, I notice that Allah has been very generous with Pakistan regarding the size of their families.
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Re: Pakistani Economic Stress Watch

Post by vimal »

It’s ok as long as they can fly those f16
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Re: Pakistani Economic Stress Watch

Post by Rupesh »

Heavy rains will help in growing Grass, no need to worry.
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Re: Pakistani Economic Stress Watch

Post by suryag »

yes grass is going to be abundant and they have made it their national diet since ZAB adopted it. BTW, what is the army having ? nihaari kabab ? or only the officers having it
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