Pakistani Economic Stress Watch

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chetak
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Re: Pakistani Economic Stress Watch

Post by chetak »

anupmisra wrote:
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/
it's not the food per se

bajwa's boyz will drain most of the liquid funds that come in via trade, exports etc minus the saudi FD and such like


that's why the pakis are desperate for kirket and other matches, and their share of royalty from the telecast, sponsors and ad rights, including getting Modi to agree to cross border trade with India

niazi is an immature charasi, a political minnow who has so far got by, just on his good looks only. bajwa has also openly tried to make headway with India but has been rebuffed/ignored.
anupmisra
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

chetak wrote:bajwa's boyz will drain most of the liquid funds that come in via trade, exports etc minus the saudi FD and such like
That's the plan and the west keeps falling for it.
Aditya_V
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Re: Pakistani Economic Stress Watch

Post by Aditya_V »

Nobody falls for it, they have a plan
RKumar

Re: Pakistani Economic Stress Watch

Post by RKumar »

Bakre ki maa kab tak khair managayi, these are all temporary solutions.

Image
Vips
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Re: Pakistani Economic Stress Watch

Post by Vips »

How should Pakistan oversome its economic/financial challenges?

Simple according to one paki: ask demand $100 Billion from China at 0% interest :rotfl:

anupmisra
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

Here's one way to earn some dollahs!

Markhor trophy hunting permit auctioned at record price
Four permits auctioned for the markhor trophy hunting for year 2021-2022.
The highest amount obtained for the trophy hunting permit was $160,250.
The auction of permits fetch Pakistan a record-high revenue of $575,500 in total.
A statement issued by the Wildlife Department said that this was the highest bid offered so far for the trophy hunting of the animal.
The trophy hunting has produced positive results as the markhor population has now increased to 3,500-4,000 in the country as compared to 1,500-2,000 in 2001.
This programme is now cited as a huge victory in biodiversity preservation in Pakistan.
this trophy hunting greatly helps save a rare and endangered species from potential extinction. :roll:
Image
CalvinH
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Re: Pakistani Economic Stress Watch

Post by CalvinH »

PKR crossed 170 again today. Saw a real dip below 170 after Afghanistan banned foreign currencies. The upswing after KSA gave baksheesh to Pakis.

Paki government is talking about a bumper cotton crop and Sugarcane crop while the prices of Cotton and Sugar has reached all time high in Pakistan. Petrol prices and electricity prices are at all time high.
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Re: Pakistani Economic Stress Watch

Post by Mort Walker »

There's very little fundamental strength and economic growth for TSP. I suspect their currency is being propped by the west and Chinese. It should be $1 USD = PKR Rs. 200 realistically.
Vips
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Re: Pakistani Economic Stress Watch

Post by Vips »



Worst example of candle kissing Wokeism.
Most Dangerous ''businessmen" who under the garb of 'doing business for mutual benefits' advocates a foreign policy disaster for India. While saying more then couple of time i am a businessmen and not a military or political expert, he advocates:

-India should be a magnanimous big brother, show large heartedness and give concessions.
-India should do what US did for Europe after World War II: give a Marshall Plan for Pakistan.
-India should give an open line of credit to Pakistan
-Wants to give Pakistan access to everything that makes India a winner: Education, IT, Infrastructure, Milk Processing Knowhow, Pharma manufacturing Knowhow. In short handover all the crown jewels of India to pakistan on a platter.
-Help in the Railways Sector(Giving away India's diesel engines at one fifth the price).
-Wants India to import all its Coal and Marble from Pakistan directly. Wants a volume of trade of $250 Billion with Pakistan.
-Give up on Kashmir by accepting the LOC as border.
-Contacted the host of this channel on his own in an attempt to propagate and gain traction for his plan and catch attention of the Aman ki Asha brigade in India (Paki sympathizing individuals and Pro pakistani media houses in India).

This Marwari businessmen has visited Pakistan 14 times, and for someone who is Mumbai based is using typical urdu words more comfortably then the corresponding Indian ones. Insidious snake most certainly looks a blackmail/honey trap case of ISI. Needs to be kept watch on very closely.
Last edited by Vips on 09 Nov 2021 22:39, edited 1 time in total.
kit
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Re: Pakistani Economic Stress Watch

Post by kit »

Vips wrote:

This Marwari businessmen has visited Pakistan 14 times, and for someone who is Mumbai based is using typical urdu words more comfortably then the corresponding Indian ones. Insidious snake most certainly looks a blackmail/honey trap case of ISI. Needs to be kept watch on very closely.
yep., Mashall indeed

Well some one should make it easy for him on how its done. Absolutely no trade with the pakis or the pakiban until Kashmir is returned. Then we will talk. No guarantees.

That guy can shove his business elsewhere., can someone revoke his visa ?!
kit
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Re: Pakistani Economic Stress Watch

Post by kit »

Mort Walker wrote:There's very little fundamental strength and economic growth for TSP. I suspect their currency is being propped by the west and Chinese. It should be $1 USD = PKR Rs. 200 realistically.
likely some hedge funds looking to make money off a crash at their timing !
chetak
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Re: Pakistani Economic Stress Watch

Post by chetak »

kit wrote:
Vips wrote:[youtube]1FIh9n8iMOg[youtube]

This Marwari businessmen has visited Pakistan 14 times, and for someone who is Mumbai based is using typical urdu words more comfortably then the corresponding Indian ones. Insidious snake most certainly looks a blackmail/honey trap case of ISI. Needs to be kept watch on very closely.
yep., Mashall indeed

Well some one should make it easy for him on how its done. Absolutely no trade with the pakis or the pakiban until Kashmir is returned. Then we will talk. No guarantees.

That guy can shove his business elsewhere., can someone revoke his visa ?!

what cashmere


just last week, the pakis have officially published a map showing junagadh as part their territory


next on their jehadi agenda is hyderabad of the nizam time
sanjaykumar
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Re: Pakistani Economic Stress Watch

Post by sanjaykumar »

Ghazwa e naqsha has begun. Run for the hills.
anupmisra
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

Martial Law! Bhikaristan beats India again! Proves that the average awaam in pakhanistan can afford to pay more than the SDREs in Yindoostan.

From 2018 to October 2021: Pak inflation rate remained on higher side compared to regional states
Pakistan’s rate of inflation stood at 5.1 percent in 2018 while it stood at 3.9 percent in India...

The rate of inflation went up to 10.6 percent in Pakistan in 2019 while it stood at 3.7 percent in India...

Pakistan’s inflation rate stood at 9.7 percent in 2020 while it remained at 6.6 percent in India...

Till October 2021, the rate of inflation stood at 9.2 percent in Pakistan while it was hovering around 5.3 percent in India...
Harami link: https://www.thenews.com.pk/print/907263 ... nal-states
Haresh
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Re: Pakistani Economic Stress Watch

Post by Haresh »

Whats the big deal, they are all experiencing "the mercy of islam"

‘Imran Khan is crushing the poor’: anger rises as inflation grips Pakistan
:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:
https://www.theguardian.com/world/2021/ ... s-pakistan
shravan
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Re: Pakistani Economic Stress Watch

Post by shravan »

“Gas to residential sector shall be provided three times a day for cooking only,” the meeting was informed by the Ministry of Energy (Petroleum Divi­sion)

https://www.dawn.com/news/1657596
Aditya_V
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Re: Pakistani Economic Stress Watch

Post by Aditya_V »

They should restrict this to 3 times a week, Pakistan can completely use their livestock for Meat, which can be cooked stored and used out of this 3 times a week cooking.

Pakistani public can using wood for cooking, limited number of Vehicles, all excess limestone etc should be exported at cheap rates to India via gulf.

That way Paki can save a lot of Forex.
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Re: Pakistani Economic Stress Watch

Post by yensoy »

177, gosh this is collapsing faster than I expected... https://hamariweb.com/finance/forex/usd-to-pkr.aspx

Looks like IMF bailout is not happening anytime soon.
Aditya_V
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Re: Pakistani Economic Stress Watch

Post by Aditya_V »

But not as much as I wish, a simple INR:PKR 3:1 in a month or two will be nice.
anupmisra
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

yensoy wrote:177, gosh this is collapsing faster than I expected... https://hamariweb.com/finance/forex/usd-to-pkr.aspx
The half-hearted saudi bail-out effect lasted, like what, a week? Now the pakis owe their birathers 3% per year plus. I wonder how many FX short-sellers made out like bandits in a country of..er...bandits?

Karma is a she-dog!
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Re: Pakistani Economic Stress Watch

Post by AkshaySG »

Imo for Pakistan to truly fall off a cliff it's more important for the Chinese economy to take a hit than any USD/PKR depreciation or Imdim's policy failures

As long as Chinese economy thrives they will keep Pakistan propped up since combating it takes up a big chunk of India's attention, forces and budget which would otherwise be turned against China.

So for China simply giving Pak a Billion $ which they can use to fund all sorts of terror creates more nuisance for India than putting that Billion $ in its own forces.

So for this to go away and for Pakistan to really be in an economic shitshow the Chinese economy needs to take a hit, Be it Evergrande and its fallout or other actions once China starts feeling the pinch then they'll throw Pakistani demands off like a used tissue.


Similarly the US and EU will keep them afloat with occasional bailouts for nothing else but to keep India's aspirations in check.
chetak
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Re: Pakistani Economic Stress Watch

Post by chetak »

yensoy wrote:177, gosh this is collapsing faster than I expected... https://hamariweb.com/finance/forex/usd-to-pkr.aspx

Looks like IMF bailout is not happening anytime soon.
It may look like the IMF but it is really the ameriki hand clamped tight on niazi's little jehadi goolies

apart from the initial $30 mil, the hans are staying very very clear onlee.

No aid or recognition from them of the taliban govt
anupmisra
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

AoA!
IMF rejects borrowing request
Doesn’t allow Pakistan to keep doors open for taking loans from central bank
The International Monetary Fund (IMF) has rejected Pakistan’s request to keep a door open for borrowing from the central bank and also did not agree on any meaningful accountability of the State Bank of Pakistan (SBP). :((
The central bank’s profit would also not be transferred 100% to the federal government until the SBP gets cover to back its monetary liabilities.
The IMF has rejected almost all major proposals of Pakistan for amendments to the SBP Act 1956, except for accepting the federal government’s right to appoint SBP board members and retaining finance secretary on the board.
The global lender turned down the government’s proposal to allow it to take loans equal to 2% of the gross domestic product (GDP) in a fiscal year. :rotfl:
The bank shall not purchase securities issued by the government or any government-owned entity or any other public entity in the primary market.
The ban on borrowing from the central bank has left the government at the mercy of commercial banks that have in recent weeks demanded an interest rate that is significantly higher than the key policy rate.
The IMF also did not agree to change the SBP profit distribution formula.
A major concession that Tarin managed to secure was the right of the federal government to appoint the SBP board of directors. 8)
Haramiyon ka link: https://tribune.com.pk/story/2330846/im ... ng-request
bharathp
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Re: Pakistani Economic Stress Watch

Post by bharathp »

not going to post haram link - dont want to provide backlink $$ to them

Pakistan’s debt, liabilities cross Rs50tr
Burden increased by Rs20.7 trillion in past 39 months

ISLAMABAD:
For the first time ever, Pakistan’s total debt and liabilities have crossed Rs50.5 trillion, an addition of Rs20.7 trillion under the current government alone, revealed the official figures released on Wednesday.

The State Bank of Pakistan (SBP) released the debt figures till September 2021, a day after Prime Minister Imran Khan described the increasing debt as a “national security issue”.

Figures showed that the total debt and public debt situation deteriorated during the tenure of current Pakistan Tehreek-e-Insaf (PTI) government.

Pakistan’s total debt and liabilities jumped to the record Rs50.5 trillion at the end of September 2021, an addition of Rs20.7 trillion in the past 39 months. There was an increase of nearly 70% in total debt of the country.

In June 2018, every Pakistani owed Rs144,000, which increased to Rs235,000 by September 2021, an additional burden of Rs91,000 or 63% during PTI’s tenure.

Like its predecessor, the PTI government too is running on foreign and domestic loans and has failed to enhance revenues to such levels where its debt burden can be reduced.

The situation is no different when it comes to the public debt, which is the direct responsibility of the federal government.

The government has added Rs16.5 trillion to the public debt during its tenure, which was equal to 165% of the debt the previous Pakistan Muslim League-Nawaz (PML-N) government acquired in five years.

The public debt increased to Rs41.5 trillion by September this year, an addition of Rs16.5 trillion during PTI’s tenure. Total public debt increased 66% from July 2018 to September 2021, showed the official bulletin.

The addition of Rs16.5 trillion to the public debt in the past 39 months was equal to what the last two governments of Pakistan Peoples Party (2008-2013) and PML-N (2013-2018) added in 10 years.

With the addition from fiscal year 2018-19 to September 2021, the total public debt as of June 30, 2021 increased to Rs41.5 trillion, or 77% of GDP, the central bank reported.

The PTI government added, on average, Rs14 billion a day to the public debt, which was more than double the daily average addition of Rs5.8 billion by the PML-N government.

When the PML-N government completed its five-year term, the total public debt stood at Rs24.95 trillion, or 72.5% of GDP.

In February 2019, PM Khan had vowed to bring the public debt down to Rs20 trillion. He had been very critical of the economic policies followed by the previous PPP and PML-N governments and had set up the Debt Inquiry Commission to investigate the reasons behind the addition of Rs18 trillion to the debt stock in 10 years. Despite completion of the inquiry, the premier has withheld the release of the report.

The accumulation of debt is a direct result of the gap between expenditures and revenues, which is widening due to the inelasticity of debt servicing and defence needs and the Federal Board of Revenue’s (FBR) failure to enhance tax collection significantly.

Under the IMF’s loan condition, the government will cut the contingency grants budget by Rs50 billion and the Public Sector Development Programme by Rs200 billion, which will slow down the journey towards development.

Debt breakdown

The federal government’s total domestic debt increased to Rs26.4 trillion, an addition of Rs10 trillion or 61% since June 2018. At the end of PML-N’s tenure, the domestic debt stood at Rs16.4 trillion.

The external debt of the federal government increased 77% to Rs13.8 trillion in the past 39 months. There was a net increase of Rs6 trillion in the external debt, largely due to currency depreciation and building of foreign currency reserves through borrowing.

At the end of PML-N’s tenure, the external debt had stood at Rs7.8 trillion.

The Rs13.8 trillion of external government debt does not include loans obtained for building forex reserves and under the currency swap arrangements. These loans are the responsibility of the central bank.

The steep currency depreciation also contributed to the federal government’s debt. By September 2021, the rupee-dollar parity stood at Rs170.37. In June 2018, the value of the dollar was equal to Rs121.54, showing a massive depreciation of nearly Rs49 or 41%. The current parity is around Rs175.

Total external debt and liabilities, which were $95.2 billion in June 2018, jumped to a record high of $127 billion, an addition of $32 billion under the PTI government. During the five-year tenure of the PML-N, the total increase in the external debt was $34 billion.

The external public debt, which is the direct responsibility of the federal government, increased from $75.3 billion in June 2018 to $99.7 billion in September this year, an addition of $24.4 billion.

The IMF debt, which was $6.1 billion three years ago, jumped to $7.1 billion by September this year, according to the central bank.

The direct consequence of the growing debt pile is a huge increase in the cost of debt servicing.

In June 2018, the country spent $7.5 billion in external debt repayment and its servicing. This cost increased to $13.4 billion by June this year, a surge of 79% in three years. But repayments are being made by signing new loans.
anupmisra
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

USD to PKR Rate in Pakistan Today - Friday 26th of November 2021 09:16:21 AM - The current USD to PKR buying exchange rate is 178.25 as per Pakistan Open Market and USD/PKR selling exchange rate for 1 US Dollar is PKR 178.25.

Haram link: https://www.forex.pk/currency-usd-to-pk ... dollar.php
anupmisra
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

SBP reserves hit FY22’s lowest level

Image
The foreign exchange reserves of the State Bank of Pakistan (SBP), which have been declining fast since August, took the biggest drop of $691 million to $16.254 billion during the week ended on Nov 19.
Harami link: https://www.dawn.com/news/1660325/sbp-r ... west-level
Aditya_V
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Re: Pakistani Economic Stress Watch

Post by Aditya_V »

That is still good for Pakistan, in fact USD 16 Billion is too much, they must Defund education, must export food, Use wood for cooking , all livestock must be killed for meat.
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Re: Pakistani Economic Stress Watch

Post by souravB »

anupmisra wrote:AoA!
IMF rejects borrowing request
Doesn’t allow Pakistan to keep doors open for taking loans from central bank
I do not get it. My Madrasa logic says it is beneficial for Pak(i)land in the long term. If they keep on borrowing from the central bank, they would need to print more money and PKR value goes the TurkFather way. Why is IMF doing it? :cry:
chetak
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Re: Pakistani Economic Stress Watch

Post by chetak »

souravB wrote:
anupmisra wrote:AoA!
IMF rejects borrowing request
Doesn’t allow Pakistan to keep doors open for taking loans from central bank
I do not get it. My Madrasa logic says it is beneficial for Pak(i)land in the long term. If they keep on borrowing from the central bank, they would need to print more money and PKR value goes the TurkFather way. Why is IMF doing it? :cry:


for the first time, pukestan's total debt and liabilities have crossed PKR 50 trillion which is why the IMF has backed off
anupmisra
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

souravB wrote:I do not get it. My Madrasa logic says it is beneficial for Pak(i)land in the long term. If they keep on borrowing from the central bank, they would need to print more money and PKR value goes the TurkFather way. Why is IMF doing it? :cry:
SBP would lend to toiletistan against its US$ reserves otherwise, without backing, this would amount to printing more worthless paper money. IMF has barred the pakhani goberment from borrowing from the SBP. In effect, IMF is telling the pakis that you cant use our loan to backstop your borrowing habits.

But note, SBP is not barred from lending (to others). Enter stage left, quasi-private borrowers who front the shadow goberment. Pakis will find a way to keep the spigot running.
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Re: Pakistani Economic Stress Watch

Post by disha »

Some bad news. Please hold of on your dreams of 272 PKR to 1 USD

https://m.timesofindia.com/world/pakist ... 948650.cms

Barbaria is parking $3 BN in SBP. Also allows direct flights from Bakistan.

What an enterprising sindhi must do is export millions of bakis into barbaria & park them near Yemen border.
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Re: Pakistani Economic Stress Watch

Post by Vips »

Islamic Birather Saudi Arabia is not only charging 3% interest on the $3 Billion to be "parked" with State Bank of Pakistan but is also charging interest on the oil purchased on deferred credit facility and included terms that when demanded all outstanding dues of $4.2 Billion including the $1.2 Billion Oil on should be repaid in 72 Hours (72 Houris) :rotfl:

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Re: Pakistani Economic Stress Watch

Post by anupmisra »

AoA!
Monday 29th of November 2021 08:31:00 AM - The current USD to PKR buying exchange rate is 179 as per Pakistan Open Market and USD/PKR selling exchange rate for 1 US Dollar is PKR 179.
Harami link: https://www.forex.pk/currency-usd-to-pk ... dollar.php
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

Vips wrote:Islamic Birather Saudi Arabia is not only charging 3% interest
From the camel's mouth:

Cabinet approves $4.2b Saudi loan package
The federal cabinet on Saturday approved two loan agreements worth $4.2 billion reached with Saudi Arabia, including the $3 billion cash deposit that the kingdom has extended for a period of one year but can withdraw it anytime by giving a three-day notice.
Pakistan will pay 4% interest on the cash deposit and 3.8% on the oil on deferred payment facility, according to the terms agreed between both countries.
this time there is also no option for rollover of the Saudi loan and the country will have to return it at once after one year.
The finance ministry sources said that the $3 billion cash facility has been secured at an interest rate of 4%. The rate is by one-fourth times higher than the previous similar facility that Pakistan had obtained at a 3.2% interest rate.
At the new rate, Pakistan will pay $120 million interest on the loan
Pakistan had to accept tough loan conditions due to the prevailing external sector vulnerabilities.
Pakistan will be bound to return $3 billion to Saudi Arabia within 72 hours of a written request by Saudi Arabia at any time during the term of the agreement.
A delay in timely interest payment would be deemed as default on the agreement.
An end to the IMF membership will also be treated as default
The finance ministry sources said that in case of a dispute, Saudi law will be applicable.
Pakistan has surrendered its sovereign claim of immunity from suit, execution, attachment or other legal processes in relation to the $3 billion cash deposit agreement, the sources added.
The sources said that the office of the Attorney General for Pakistan had cautioned the finance ministry that waiver of the sovereign immunity may carry serious implications for the country.
However, the finance ministry sources said that such an eventuality would never occur as Pakistan never defaulted on its international payments obligations. :lol:
Haram ka link: https://tribune.com.pk/story/2331463/ca ... an-package
Cyrano
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Re: Pakistani Economic Stress Watch

Post by Cyrano »

I thought interest was haraam as per islamic tenets? Tsk tsk....
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

Cyrano wrote:I thought interest was haraam as per islamic tenets? Tsk tsk....
Not unless the interest is charged to a harami country. Then it is halal.
Manish_P
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Re: Pakistani Economic Stress Watch

Post by Manish_P »

Why hasn't jihadistan switched to Sharia compliant Islamic banking yet?

As the nuclear powered leader of the Islamic ummah shouldn't bakistan lead the way...
Manish_P
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Re: Pakistani Economic Stress Watch

Post by Manish_P »

Just a month or so ago (when the Saudi loan came in) Bakis were celebrating the PSX.

And now this...which is becoming fairly common in al-Bakistan.

Some non-inbred baki abduls have figured this out as like a almost regular income opportunity - buy at low levels and sell at high levels
(when the next loan is announced)

Yawn- Bloodbath at PSX as benchmark index nosedives by more than 2,000 points in intraday trading
The Pakistan Stock Exchange (PSX) witnessed a massive selling pressure on Thursday as the benchmark KSE-100 index shed more than 2,000 points in intraday trading.

The market began its slide soon after opening at 45,369.14 points, with the benchmark KSE-100 index down 2,005 points, or 4.42 per cent, by 1:30pm. As per the PSX Rulebook, if the index goes five per cent above or below its last close and stays there for five minutes, trading in all securities is halted for a specified period.

Intermarket Securities' head of equities Raza Jafri cited the widening trade deficit as the reason behind the plunge, saying it will keep the rupee under pressure and lead to "aggressive" increases in the interest rate.
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Re: Pakistani Economic Stress Watch

Post by ArjunPandit »

people are commiting suicides due to inflation, recently a man in karachi did that

https://www.youtube.com/watch?v=ay7yrdiJKz8

https://www.dawn.com/news/1661161

An unemployed young man committed suicide by jumping from the third floor of Karachi's Lucky One Mall on Tuesday, police said.

FB Industrial Area Station House Officer (SHO) Jamil Abbasi said that the victim, Zuhair Asim, sustained critical injuries when he jumped from the third floor of the shopping centre.

"He was taken to a private hospital in Karachi's Gulshan-i-Iqbal area where he was pronounced dead," he said. The officer attributed unemployment as the probable motive for the suicide.

The victim's relatives took the body, telling investigators they did not want to initiate any legal proceedings.

Meanwhile, the management of the mall called it an "unfortunate incident" and said an "individual jumped before he could be stopped".


"The mall authorities immediately took him to the nearest hospital and informed the police, who are now investigating the case," the statement said.

"This incident makes us all realise how fragile human life is and that it should be cherished. We offer our sincere and deepest condolences to his family on their sad loss," the statement said.

"Please note that neither Lucky One Mall nor any of its staff or tenants were responsible for or involved in his actions," the statement added.

Several people expressed shock at the incident after videos of the man were shared on social media.

"So painful to see people ending their life due to joblessness and increasing inflation," journalist Faizan Lakhani wrote on Twitter.

Filmmaker Furqan T. Siddiqui said it was becoming increasingly difficult for middle and lower-middle class to manage financially.
SRajesh
BRF Oldie
Posts: 2069
Joined: 04 Aug 2019 22:03

Re: Pakistani Economic Stress Watch

Post by SRajesh »

Can I ask a noob pooch??
Napak downhill slide since 2014 is that anything to do with the present BJP in power.
The reason I am asking is during the NDA apart from lining their pockets there were various nefarious deal through UAE and Wagah border!
Furthermore, Napak were printing more Indian Currencies than the RBI(courtesy Chiddu)
Plus blind Khan support for the sake of Afghan was probably keeping the pot boiling.
Has remittances from Gulf drastically reduced since 2014?? or has there been a slow slide since the beginning of 2000's.
Has INDUS WATER checks from our side has had an impact on the agriculture production and thereby affecting the GDP?? or is it sheer mismanagement from the agriculture ministry of Pakistan??
Apart from these points I dont think Jihadi ever produced a scooter or a rakit( not then nor will they ever do :rotfl: ) to affect their GDP in a big way!
Or is it the effects of Zia's islamization of education paying dividends now!!
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