Pakistani Economic Stress Watch

[Manish_P]

...

they already own the pakis.

No need to throw good money after the bad

Chetak sir, IMHO they 'think' that they own them.

Just like the Americans thought they did.

But one can't own a w#@$e, one can only rent her..

[chetak]

...

they already own the pakis.

No need to throw good money after the bad

Chetak sir, IMHO they 'think' that they own them.

Just like the Americans thought they did.

But one can't own a w#@$e, one can only rent her..

Manish ji,

the amerikis have their limits in terms of retaliation but the pakis are scared schittless of the cheenis who can be and are often routinely brutal.

If the cheeni over run pukestan, no one in the rest of the world will even bat an eyelid.

with the amrikis, the pakis are paid servants, but with the cheeni, the pakis are bonded labor.

The CPEC fiasco in pak is because of internal cheeni issues that have caused them to disengage from OBOR/CPEC to a large extent, and not because of a few ching chongs getting blown up here and there

every paki army chief is constrained to make routine and multiple pilgrimages to the land of the ching chongs to pay his obeisance and perhaps carry expensive gifts purloined from the toshakhana.

[Anujan]

I again wonder why China is not helping more here.

Is the PRC also headed towards bankruptcy? Might be the case given the beating that economies have taken over the past few years. Or perhaps they are waiting for a Pak bankruptcy to be able to swoop in and buy up assets on the cheap.

It is a more complex case for China and extends beyond Pakistan.

There are a bunch of african countries, who like Pakistan, borrowed a lot of money for Belt and Road (like CPEC) and are unable to pay it.

China is now demanding that IMF also take part in loan restructuring (that is, if China does not get its money back, IMF should not get it back or lend to these countries so they can pay back China). Multilateral donors are against it, because they believe that China gave out the loans, and therefore should shoulder the risks.

In Pakistan's case if China forgives its loans, it weakens their negotiating position vis-a-vis african countries.

[sudhan]

Heartburn for the Purelanders..

Two SDREs wimmens working on a saazish to trip up Nucear supapowah Bakistan

Union Finance Minister Nirmala Sitharaman on Tuesday had a meeting with Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund, during which they discussed debt vulnerabilities and other issues. Sitharaman is leading a high-powered Indian delegation to attend the annual Spring Meeting of the IMF and the World Bank.

From here https://www.bqprime.com/business/sithar ... rabilities

[vimal]

Is there a country or financial institution which Pakistan does not owe money?

[chetak]

Heartburn for the Purelanders..

Two SDREs wimmens working on a saazish to trip up Nucear supapowah Bakistan

why is she constantly in India.....

what is she up to....



in some way or the other, all are connected to soreass funded entities

[Manish_P]

the amerikis have their limits in terms of retaliation but the pakis are scared schittless of the cheenis who can be and are often routinely brutal...

Chetak sir, Khan retaliation is also on a genocidal scale. And from long afar. The first horseman being the one riding the horse named economy. The other horsemen but follow him ...

...

every paki army chief is constrained to make routine and multiple pilgrimages to the land of the ching chongs to pay his obeisance and perhaps carry expensive gifts purloined from the toshakhana...

And when the Jernails retire, as they inevitably must, move to the US/UK with their offspring, they inevitably do.

The Chinese have long memories sure, but the Goras don't forget either. They can bring down retribution. With extreme prejudice.

[Manish_P]

Pakistan in breach of all fiscal targets

Allah be praised for this timely news.

Now Pakistan has the opportunity and the justification to beg demand more than a measly $1 billion.
Take that, Infidel Monetary Fund!

[Neela]

https://www.dawn.com/news/1747452/honda ... -end-april
Honda Atlas extends longest production shutdown to end April

“As a result, the Company is not in a position to continue with its production and ultimately has continued to shut down its plant from April 16, 2023 to April 30, 2023.”

Other listed automakers in the country, such as Indus Motor Company Limited and Pak Suzuki Motor Company, have also been forced to halt production during the last fiscal year due to Pakistan’s economic difficulties, which have seen central bank foreign exchange reserves drop to a level barely able to cover a month’s imports.

Also on Thursday, Pak Suzuki Motor Company Ltd (PSMC), a unit of Japan’s Suzuki, announced a 13-day extension to an existing halt in its production of motorcycles.

[Neela]

https://www.dawn.com/news/1746750/when- ... s-a-luxury
When chai becomes a luxury

A humble cup of everyday caffeine costs roughly Rs50. If a person consumes three cups a day, every day, the number multiplies to Rs4,500 a month. In a country where the minimum wage is Rs15,000, tea drinking can consume a whopping 30pc of income.

[Manish_P]

Oh diyar, so much efforts by the copy writer to save enchandee..

Yawn - IMF chief ‘optimistic’ about Pakistan deal

The Inter­national Monetary Fund (IMF) has said it hopes to complete its current programme with Pakistan successfully.

Since early February, Pakistan has been negotiating with the IMF to revive the $7 billion bailout programme to secure $1.1bn tranche. Pakistan hopes that the deal will also unlock funds from other donors waiting for IMF’s endorsement.

...

Observers pointed out that while the IMF chief ‘hoped’ that the talks would lead to the renewal of its package to Pakistan, she sounded less enthusiastic than Pakistani officials who have more than once assured their nation that they were close to clinching the deal.

[eklavya]

These guys really haven’t got a clue. Sub Saharan Africa levels of governance and poverty is their future.

Imran Khan says Pakistan’s economic crisis requires ‘surgery’

Imran Khan says Pakistan’s economic crisis requires ‘surgery’
Former prime minister warns debt burden on low-income countries is unmanageable

Imran Khan has said Pakistan will struggle to break out of a cycle of debilitating debt repayments without reform, as the country’s opposition leader and former prime minister warns the debt burden on low- and middle-income economies is becoming unmanageable.

“Whatever we do, when we look ahead, the debt is growing, our economy is slowly shrinking,” Khan, whose Pakistan Tehreek-e-Insaf (PTI) party is favoured to win national elections this year, told the Financial Times. “From my party’s point of view, we’ve started thinking that we’re stuck.”

Pakistan is in the middle of one of its worst economic crises. Analysts have said the country, which is struggling to revive a roughly $7bn IMF lending programme, is at risk of defaulting, while its foreign reserves have fallen to $4.2bn, less than enough for one month’s worth of imports.

Khan said the government needed to break out of borrowing cycles that have held back developing economies but ruled out a default if his party returned to power, saying it would prioritise domestic reforms over seeking debt relief.

“Is the answer getting more loans, or is the answer to restructure the way we run the country?” he said. “We have to conduct surgery in Pakistan in the way we run our government.”

Khan said his team was developing a strategy if he returned to power in Pakistan to juggle loan repayments and domestic spending.

“We’re sitting with our economists [on] how to come up with a plan with which we can sit with the IMF and give them a viable way of being able to pay our debts,” Khan said. “But at the same time, our economy should not be choked so that our ability to pay debt goes down.”

Khan, however, faces a barrage of legal challenges that could prevent him from running for office if convicted, including allegations that he unlawfully sold gifts he received while serving as prime minister.

Pakistan is an extreme example of the debt burden saddling low- and middle-income countries. Campaign group Debt Justice warned this week that poor countries were facing their highest bills for debt servicing in 25 years. Pakistan’s scheduled repayments on foreign public debts are equivalent to 47 per cent of government revenues in 2023, the group said.

“It’s not just Pakistan,” Khan said. “Once you start borrowing in dollars and you have to service your debt in dollars, if your dollar income doesn’t improve or increase, how are you going to then pay your debts?

“Unless we increase our dollar earnings to exports, I don’t see how we would be able to service any debts in Pakistan, whether it’s Chinese or Paris Club or commercial debts.”

Khan, who served as prime minister from 2018 until he was ousted in a no-confidence vote last year, said his plans included restructuring lossmaking state-owned enterprises and boosting the tax base.

Many of Pakistan’s economic pressures started during his time in office but have worsened dramatically in recent months. Inflation rose to a historic high of 35 per cent in March, and the dwindling foreign reserves have created shortages of essential goods including medicine.

Though Khan took some steps towards reforms while in power, many said his economic agenda failed due to mismanagement, erratic decision-making and pandemic disruption. The former cricketer, who once said he would rather die than “beg” a superpower for money, agreed a deal with the IMF in 2019, only for the programme to stall after his government backtracked on cutting energy subsidies.

Khan is engaged in a bitter stand-off with arch-rival Prime Minister Shehbaz Sharif, whose government has been unable to agree a reform plan with the IMF. While the fund argues that measures such as removing subsidies are necessary to stabilise the economy, Sharif’s government fears they would hurt the poor and bolster support for the populist Khan ahead of elections.

Even if Khan prevails, many analysts are sceptical he will have the political strength to overhaul Pakistan’s flagging economy.

“We have an economic structure which is globally uncompetitive,” said Abid Hasan, a former World Bank economist. “Some of it will have to be dismantled . . . You will require huge consensus. The PTI alone will not be able to do it.”

[Dilbu]

No word from UAE yet but TSP is making the claim.
UAE confirms to IMF support of $1bn for Pakistan: Dar

Finance Minister Ishaq Dar said on Friday that the United Arab Emirates has confirmed its commitment to the International Monetary Fund (IMF) for its bilateral financial support of $1 billion to Pakistan, bringing the country one step closer to securing a deal with the lender which is critical for avoiding default.

“UAE authorities have confirmed to IMF for their bilateral support of US $1 billion to Pakistan,” Dar said in a tweet today.

He added that the State Bank of Pakistan (SBP) was now “engaged for needful documentation for taking the said deposit from UAE authorities”.

[Dilbu]

Maersk-backed trucking startup Trella wraps up Pakistan operations

Trucking startup Trella, which launched operations in Pakistan in October 2020, has decided to exit the country, Bloomberg reported on Thursday.

The Egypt-based company raised $42 million in 2021, with investors including those from the venture arm of shipping and logistics company A.P. Moller-Maersk A/S.

Two people who were familiar with the matter said Trella had stopped taking orders last month, adding that Pakistan’s ongoing economic crisis had made business “unsustainable”. The company will retain some of its staff in Pakistan to assist operations in Egypt, United Arab Emirates (UAE) and Saudi Arabia.

Several startups shut down or reduced operations over the last year, including Airlift and Swvl. In recent months, multiple companies across different sectors have reduced production citing reduced market demand and restrictions on imports and opening of letters of credit as a result of the dollar shortage.

[Dilbu]

Crushing poverty

NOBODY wants to live in crushing poverty. When a child is born in a poverty-stricken home, the parents do welcome the newborn, but their faces also wrinkle up as they start to worry about the numerous difficulties the child is likely to face in life.

A person living with absolute poverty does not have enough means to feed himself or his family. He lives hand to mouth as he has no money in his pocket; he has sleepless nights and restless days, and his mind remains under great strain all night and day. The situation sometimes compels him to sell his blood or bodily organs to make ends meet. Many poor families live in ramshackle slums, where they see no future for their children. Absolute poverty, in other words, is a shame and stigma not limited to one generation; it extends to many generations.

These are the conditions faced by thousands of families in Pakistan — a homeland which was achieved by our forefathers through untiring efforts and sacrifices. They aspired to convert it into an Islamic social welfare state, but we have failed to achieve that noble goal. In the year 2000, our leaders signed on to the historic Millennium Development Goals (which were later complemented by the Sustainable Development Goals), committing themselves to eradicating poverty and hunger. Unfortunately, we are at the same stage as before, or perhaps we have regressed further. Economic instability, maladministration, corruption and political bickering have blighted the hopes and dreams of the present generation.

Today’s Pakistan is economically weak and warnings are being issued that it is on the verge of bankruptcy. We have taken bailout packages from various agencies and countries, but our condition continues to worsen. A significant number of people in Pakistan live below the poverty line, in extremely difficult circumstances. Unfortunately, the number is increasing day by day at an alarming rate. The recent economic meltdown has added extra anxiety to our already deep-rooted troubles. This is obviously not something that the founding fathers had envisioned.

It is the dream of every Pakistani to get rid of poverty, but the question that torments us is: how can this goal be achieved? The answer lies in the Quranic verdict which says, “and that man can have nothing but what he strives for” (53:39). Struggle is the meaning of life; it leads to success and prosperity for the one who strives and struggles for a just cause. Allah does not disappoint anyone and He has promised blessings for those who strive to do good. It can be a struggle to break free from the poverty trap once and for all. It can also be a struggle to search for livelihood and raise one’s quality of life.

We are a resource-rich country but we are unable to break the poverty trap. What we need is an honest struggle to build a future edifice — even if it takes one or two generations — that will help lift the poor out of poverty and bring dignity to their lives and give hope to future generations. Our resources are spread all over the country but they need a well-planned strategy that can lead to their judicious use. There are a number of countries that have limited resources, but they have made sustained efforts to provide their people with a better quality of life. Their examples are worth emulating.

In order to overcome the problem of poverty, the government usually provides cash handouts under BISP or free wheat flour in the holy month of Ramazan to the poorest of the poor. Arguably, this will not tackle the problem of poverty; rather, it will create lethargy and open the door of corruption. Therefore, instead of providing cash or free items, the government should subsidise essential items for a limited period and ensure that the subsidy reaches the poor end user.

The economic struggle is to begin with education. Here, education does not mean getting degrees but learning practical skills for earning a livelihood. People should be given incentives to learn skills to earn their livelihood. Our education system needs an overhaul in order to address issues like poverty. Ultimately, to banish poverty, there is a need to radically reform the education sector and start from ground zero.

[Dilbu]

$6 billion financing plan remains elusive

ISLAMABAD: The International Monetary Fund (IMF) on Thursday did not accept Pakistan’s request to reduce the additional loan requirement to $5 billion, as its deputy managing director sought further clarifications about the viability of an official plan to raise the loans.

The Ministry of Finance did not report any breakthrough after a virtual contact between Finance Minister Ishaq Dar and IMF Deputy Managing Director Antoinette Monsio Sayeh.

An official handout by the ministry reproduced content almost similar to what had been reported a day earlier after a meeting between Dar and IMF Director Jihad Azour. The points of discussion and the responses too remained almost the same during the second consecutive day.

[Manish_P]

Wait what..

The IMF chaps name is 'Jihad' Azour

Wallah... all the stars are lining up for Pakistan. Now only the moon needs to be sighted.

[chetak]

Wait what..

The IMF chaps name is 'Jihad' Azour

Wallah... all the stars are lining up for Pakistan. Now only the moon needs to be sighted.

Manish ji,

that has happened earlier

the IMF has already mooned them, as have the cheenis, the saudis, the amerikis, and their steadfast pals, the japs, and the germans too

[gakakkad]

^ believe it or not Jihad azour is a Maronite xtian from Lebanon and not Muslim . Turns out jihad or gehad is not an uncommon name for Christians in Syria and Lebanon.

[Manish_P]

....
the IMF has already mooned them, as have the cheenis, the saudis, the amerikis, and their steadfast pals, the japs, and the germans too

Chetak ji, the pakis are known to be ass lickers. i guess it's a win win.

[Manish_P]

^?... Turns out jihad or gehad is not an uncommon name for Christians in Syria and Lebanon.

Interesting. I wonder if it is just another case of early appropriation.

[Dilbu]

IMF puts a damper on early deal hopes

ISLAMABAD: The International Monetary Fund (IMF) on Saturday said that it was still waiting for the “necessary financing assurances” for the successful conclusion of the review talks -- dampening the expectations for a deal until Pakistan arranges the remaining $3 billion.

In an early morning statement, Nathan Porter, IMF Mission Chief to Pakistan, said that the IMF “looks forward to obtaining the necessary financing assurances as soon as possible to pave the way for the successful completion of the 9th EFF (Extended Fund Facility) review”.

Highly-placed sources told The Express Tribune that the IMF was seeking confirmation for the total $6 billion loans that Pakistan urgently needs to bridge the external financing gap. They said that the government was trying hard to secure commitments for the rest of the $3 billion by next week.

[Dilbu]

After petrol, LPG price also goes up]After petrol, LPG price also goes up

LAHORE: Taking advantage of the rise in the prices of petrol and kerosene, the gas mafia has also increased the price of the Liquefied Petroleum Gas (LPG) by Rs10. The LPG’s official price is Rs229 per kg. However, it is sold in all the major cities of the country at Rs310 per kg.

A day earlier, the federal government had increased the price of petrol by Rs10 and the price of kerosene oil by Rs5.78. After this increase, the prices of petrol and kerosene oil respectively rose to Rs282 per litre and Rs186.07 per litre. These fuels were earlier available at Rs272 and Rs180.29 per litre.

[vimal]

^^ Dilbuji I’m happy to see pakis hitting triple century

[Dilbu]

^^ Dilbuji I’m happy to see pakis hitting triple century

Same like their currency. It has already hit triple in Kabul rate.

[Dilbu]

LOSS OF BUSINESS CONFIDENCE

The socio-political and economic situation of Pakistan is dire and it is not surprising that every aspect of its fabric is bearing the brunt of instability. The business sector resisted the pressure as much as it could but it was simply not possible that it did not feel the effects of despondency spread all around.

Business morale was kept high by the vast grey economy but it soon started to feel the pressure with the result that overall business confidence started to slide down further depressing the economic activity.

A long period of instability triggered the economic uncertainty and the business circles went numb as they did not know how to cope with this difficulty.

More than sixty per cent businesses have expressed doubts about their future and less than thirty-five per cent are hopeful about their future prospects. The overall business confidence has considerably dwindled with hardly any prospects for improvement in the near future.

The prevailing situation is indeed very tough to do business and it appears quite justified that business confidence plummeted and the overarching perception held by the business community is negative.

The corporate sector is overwhelmingly convinced that the economic policy makers are taking the country in wrong direction and that they should immediately review their approach.

The business community is extremely mindful about the increasing costs of utilities that they find difficult to bear and are also wary about increasing costs of output that ultimately suppresses demand. The frequent load-shedding of electric power is proving harmful for their production and they deeply resent in. Lack of gas supply is also a problematic issue as a sizeable number of business enterprises run on gas that is considered cheaper fuel and is much more easily affordable than electricity.

The three biggest challenges identified were inflation, high taxation and currency devaluation. Other key findings indicate that businesses may be considering shelving expansion and investment plans and curbing new hiring.

[Manish_P]

Paki-nomics for the win. Take that IMF

Govt goes ahead with petrol subsidy scheme

Contrary to the assurance given to the International Monetary Fund (IMF) of shelving the petrol subsidy scheme, the government has moved a summary for a relief package for motorcyclists and small vehicle owners.

In February, Prime Minister Shehbaz Sharif gave go ahead to petrol subsidy to motorcyclists and car owners of up to 800 cc vehicle by charging Rs 50 per litre higher price from lower middle income to rich class owning vehicles of above 800 cc.

The summary shows that the government has planned to collect up to Rs 75 per litre additional amount from consumers, who are already struggling to pay a record-high price of Rs 282 per litre.

Critics say that the owner of a 1000cc taxi, valuing at less than Rs 1 million, will also be forced to pay up to Rs 75 per litre extra as subsidy for an expensive 660cc small car, having value of around Rs 3 million. # a fine example of madarssa maths applied with lahori logic to sialkoti statisics

The sources said that in a meeting with the IMF deputy managing director Pakistan assured that the government did not have the plan to implement the subsidy scheme. The Ministry of Finance held the consistent view that the scheme was still being finalised.

[Dilbu]

Lot of creative accounting is happening.
ICBC re-routes $1 billion loan

ISLAMABAD: Industrial and Commercial Bank of China (ICBC) has not directly given a $1.3 billion loan due to Pakistan’s highly risky credit rating and instead disbursed funds through its Karachi branch to help bail out Islamabad.

Because of the re-routing of funds, Pakistan has not recorded $1 billion as foreign debt, disbursed by ICBC in March, according to government sources.

Instead, the $1 billion loan has been treated as foreign currency-denominated domestic debt, an accounting entry that will understate external public debt and reflect lower-than-actual debt repayment. The remaining $300 million was disbursed this month.

The development underscores the challenges that Islamabad is facing in arranging foreign commercial loans as part of plans to raise over $6 billion to meet a core condition of the International Monetary Fund (IMF) for the revival of its loan programme.

[Dilbu]

Wheat production estimated to fall short by 2m tonnes

ISLAMABAD: Pakistan is estimated to produce 26.81 million tonnes of wheat during the ongoing Rabi season against the target of 28.4 million tonnes.

While production will be below the target, the area under wheat cultivation also reduced from 9.3 million hectares to 9.1 million hectares.

However, the reason for below-the-target wheat production was not explained during a meeting of the high-powered Federal Committee on Agriculture (FCA).

[yensoy]

Lot of creative accounting is happening.
ICBC re-routes $1 billion loan

ISLAMABAD: Industrial and Commercial Bank of China (ICBC) has not directly given a $1.3 billion loan due to Pakistan’s highly risky credit rating and instead disbursed funds through its Karachi branch to help bail out Islamabad.

So they will use their stockpiled PKR toilet paper to loan to the Pakis and treat it as a USD loan, i.e. it needs to be paid back in forex. Wow you just can't beat the Chinese at this game!

[Aditya_V]

Wheat production estimated to fall short by 2m tonnes

ISLAMABAD: Pakistan is estimated to produce 26.81 million tonnes of wheat during the ongoing Rabi season against the target of 28.4 million tonnes.

While production will be below the target, the area under wheat cultivation also reduced from 9.3 million hectares to 9.1 million hectares.

However, the reason for below-the-target wheat production was not explained during a meeting of the high-powered Federal Committee on Agriculture (FCA).

Pakistan must go a mass wheat diet and leave these veggie options out, Pakistan is very good at being a slaughterhouse, they should play to their strengths.

[partha]

https://tribune.com.pk/story/2412876/im ... y-partners

IMF struggles to find trustworthy partners
Experts say lender is assessing who holds power in Pakistan

Is IMF trolling Pakistan?
I wonder who holds the power in Pakistan? PM? President? Chief of Navy? SC justice? Hu?

[Anujan]

I dont know who holds power in Pakistan, but it is clear what Power holds in Pakistan: It mostly holds circular debt

[Manish_P]

This is a big insult to the H&D of Pakistan Army and COAS Munir.

Or maybe a halal green signal for him to go ahead and make his move..

[chetak]

This is a big insult to the H&D of Pakistan Army and COAS Munir.

Or maybe a halal green signal for him to go ahead and make his move..

Manish saar,

If the paki army makes a move now, every last bit of aid, including potential aid will immediately dry up.

the jernails are the puppet masters and function best when their coteries are operating from the shadows.

For the jernails, plausible deniability is the name of the game.

ever ready to grab credit, they are equally loathe to accept blame and responsibility, or ever admit to blame and culpability.

kargil was a prime example where the jernails wilfully abandoned their own troops and didn't even care enough to bury their dead.

the jernails are averse to accepting any responsibility, including for the whipping that they got from the Indian forces for all the wars that they started and lost.

In their fundamental role and responsibilities, the clueless jernails are perpetual paupers on the battlefield as far as strategy and tactics are concerned and perennial losers who in the long history of their assumed and acquired culture relish operations like they did against the beedis.

Isn't that what every ghazi did from times immemorial, terrorize, torture, and indiscriminately disseminate genetic material while pilfering treasures, destroying temples, including slave taking, and dutifully "performed" genocides as a routine part of aasmani kitab edicts carved in stone

The self styled "भयंकर योद्धा" pakjabis cannot even fight to save their country so how are they going to manage pukestan in the midst of a full blown economic crises that these jernails, in the first place, may have played a significant part in triggering.

These things require brains and banias onlee and sadly for them, the same banias who popped the pakjabi cherries four or five times thus far....

[Manish_P]

This is a big insult to the H&D of Pakistan Army and COAS Munir.

Or maybe a halal green signal for him to go ahead and make his move..

Manish saar,

If the paki army makes a move now, every last bit of aid, including potential aid will immediately dry up.

....

Chetak sir, that depends on what exactly the aid giver wants doesn't it...

Black can be made white, grey can have many shades and what not

If anything, the US is even more creative than China when it comes to accounting. If they can give Pakistan millions for gender studies then why not billions to study say for eg- 'Effects of climate change on the evolution of Donkeys in semi-arid region of sooth asia'. It is very important for food security of millions you see

Then if when the bakis step out of line they can always pass some bill with a senators name to act as the reins through the nostrils of the 2 legged donkeys.

[chetak]

Manish saar,

If the paki army makes a move now, every last bit of aid, including potential aid will immediately dry up.

....

Chetak sir, that depends on what exactly the aid giver wants doesn't it...

Black can be made white, grey can have many shades and what not

If anything, the US is even more creative than China when it comes to accounting. If they can give Pakistan millions for gender studies then why not billions to study say for eg- 'Effects of climate change on the evolution of Donkeys in semi-arid region of sooth asia'. It is very important for food security of millions you see

Then if when the bakis step out of line they can always pass some bill with a senators name to act as the reins through the nostrils of the 2 legged donkeys.

Manish saar

The US is always funneling money to the pakis, no matter the "head" under which it is accounted because, at the end of the day, there will be no audit.

the jernails and the paki cabinet even get (and always have got) a good share of the IMF funds that come to pukestan, along with all other "aid"

Some years back the pakis slyly tried to bury payments for amriki F-16s deep in the IMF budget proposals under some farzi "head" but got caught red handed. Nothing happened to the pakis because the IMF mai baaps are the amrikis themselves

Heads like gender studies are merely creative tactics to "(nudge nudge, wink wink)" get it past congress. Everyone knows what it is for and people in the loop will always get their cut from the pakis, be it drugs for the culinary institute or some other cozy off the book arrangements. charlie wilson's war would never have got off the ground if there had been strict audits of the funds sent to pukestan, and afghanistan, and many other countries of amriki interest. The amrikis don't do bookkeeping on regime change and revolution fomenting initiatives. A lot of these "sanctioned" funds are always kicked back by PMCs and "infrastructure" building contractors.

If the amrikis so easily overlooked the genocide that the pakjabis committed in beediland, then the amrikis will, even more easily, overlook what the pakjabi jernails do in pukestan as well. That is why there is no meaningful reportage on the baluch massacres by the paki jernails. It fits in very neatly under the "head" of "housekeeping and domestic services" provided in Baluchistan.

These housekeeping staff usually arrive in F-16s, tanks, APCs, and gunships with a full weapon loadout

[Manish_P]

Literally poor Pakistan

https://tribune.com.pk/story/2413278/80 ... nimum-wage

80% workers denied minimum wage

According to the Pakistan Institute of Labour Education and Research (PILER), an estimated 80% of unskilled workers are not receiving the minimum wage of Rs 25,000 per month, which was awarded ten months ago. Furthermore, a recent World Bank report found that 83% of households in Pakistan are not receiving the minimum $2 a day needed to sustain basic needs.

The WB report is 18-months-old and since then, inflation has almost doubled while the rupee has lost over half of its value against the US dollar.

Ali says that economic slowdown has spiked unemployment in Pakistan, with reports suggesting that five million people have lost their jobs in the ongoing economic crisis.

The rising unemployment rate and denial of basic rights are causing people to become violent, and the government should take the situation seriously before it’s too late.

Would it be safe to assume that now almost 90% of paki households are receiving (earning) less than 2$ a day? Effectively 18,000 PKR or less a month?

As per the International Labour Organisation the informal sector constitutes a very halal 72% of the overall work force of Pakistan.

[Neela]

https://twitter.com/sulovchoudhury/stat ... 8974790656

[yogi]

https://twitter.com/sulovchoudhury/stat ... 8974790656

Sir, this cartoon is not worthy of a member of your status.
Hunger is a human suffering that should not be made fun of by other humans irrespective of the differences. We have to be better than them!