Pakistani Economic Stress Watch

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Re: Pakistani Economic Stress Watch

Post by hnair »

Anujan wrote: Essentially Al-Bakistan's one testimonial is in Massa's hand, another testimonial is in China's hand. Massa and China want both testimonials for themselves. Therefore they are squeezing their hand into a fist and trying to punch each other. You can imagine the plight of the testimonial owner.
:lol: Yeowww… that hit my chonies. Can so imagine paki screaming at both “stop hitting my friend with my berry”

But you got to give it to them. As part of their Mughalai-fantasies, they have invested heavily over decades into inserting smooth talking Uber-RAPES into positions of influence in DC. They provide good insider intel on who is who and whom to influence, back to the khakis. Basically “unregistered foreign agents” as per khan lingo, who are not straightened out by khan because they provide a conduit back to khakis too, for influence inside pakland since the U2 flights.

Sri Lankans and rest of Sooth-assians are naive and don’t have any leader of ummah delusions. So they never tried to do what Paks did with their uber-RAPEs in wes and hence will continue to squirm while pakis will walk out of this too with the help of their unregistered agents and billions of western taxpayer monies. IMF/WB will have quite a few of these types, who helped with this employee level agreement BS.
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Re: Pakistani Economic Stress Watch

Post by g.sarkar »

See:
National debt of Pakistan
https://en.wikipedia.org/wiki/National_ ... 20billion).
Mindboggling and rising.
Gautam
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Re: Pakistani Economic Stress Watch

Post by Atmavik »

g.sarkar wrote:See:
National debt of Pakistan
https://en.wikipedia.org/wiki/National_ ... 20billion).
Mindboggling and rising.
Gautam

Hajam sethi did a show a few days ago saying paki debt to gdp is about 70 % and not that bad as some countries are above 100. Some one should tell him abt japan
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Re: Pakistani Economic Stress Watch

Post by Vadivel »

nachiket wrote:Bajwa himself is now openly begging the Americans for $1.2bn. :rotfl:

https://asia.nikkei.com/Politics/Intern ... bt-default

As funny as this whole situation is, I think most of the recent fall in value is due to a combination of speculation and typical paki political chaos. This will get reversed to an extent after Showbaaz sells their asses to the Sheiks. That is an elusive bit of non-debt forex inflow that the pakis will salivate over. Once they get the IMF bailout restarted, the Saudis and Chinese will restart their loan programmes too and it will be back to business as usual for a while with the PKR climbing to 210 or so again till the next inevitable crisis. And a crisis there will be because I fully expect the current govt. to restart fuel and electricity subsidies as soon as they get some money to avoid Showbaaz from getting thrown out on his Musharraf or worse by the angry Abduls.
Moi, SDRE have a simple question. Does Bajwa’s use military grade begging bowl unlike civilians who use off market begging bowl. :rotfl:
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Re: Pakistani Economic Stress Watch

Post by mody »

https://timesofislamabad.com/29-Jul-202 ... r-big-blow

"The foreign exchange reserves held by the central bank decreased 8.1 percent on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On July 22, the foreign currency reserves held by the SBP were recorded at $8.575 billion, down $754 million compared to $9.329 on July 15 mainly due to due to external debt and other payments.

Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $14.414 billion. Net reserves held by banks stood at $5.839 billion, registering a decrease of $73 million."
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Re: Pakistani Economic Stress Watch

Post by Neela »

Paki twiitar gommunity is a world unto itself


it is a YYY kanspiracy onlee
https://twitter.com/syedruban/status/15 ... 8417904640
Pakistan will not get default by any means
It is our Pakistan, which will fight with Yahoodis at the end because It is a saying of Hazrat Muhammad(S.A.W) that he smells fragrance from sub-continent Asia.
Pakistan se Allah ne kaam lena h Inn Shaa Allah inshAllah
Yasss! Show them Pakis...Show Amerikees that you dont have to crawl on all four. Allah will save you....you just arent praying hard enough

https://twitter.com/BleedGreen777/statu ... 3696715776
Maybe because usa wants Pakistan to default
Karrect my man...YYY kanspiracy onlee

https://twitter.com/syed1108/status/1553250127476916224
Economy is in shambles, are on a verge of default, and people here are chanting "Kashmir baney ga Pakistan"
Now now now....dont go that far to give up on Kashmir. Between defaulting and eating grass, there is some time to go

https://twitter.com/NatureRules2014/sta ... 0642650112
Who imposed them on us by force and now begging USA to rescue Pakistan from default. Better this country to default in the presence of Bajwa in order to get rid of fascit army.
[/quote]"Fascit" army needs to knock on this fellow's doors.
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Re: Pakistani Economic Stress Watch

Post by Dilbu »

Just like in 1972 pakis should surrender again. This time to the IMF.
Rupee witnesses worst month since 1972
KARACHI: Amid a dollar shortage and concerns over a delay in an International Monetary Fund (IMF) bailout programme, the Pakistani rupee witnessed its worst month since 1972, The News reported Saturday.

The local currency depreciated nearly Rs34.5, or more than 14%, against the US dollar in July — the biggest monthly drop in history on possible default jitters as foreign currency reserves hit rock bottom.

It should also be noted that it is also the worst decline globally after Ukraine’s currency for the month.
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Re: Pakistani Economic Stress Watch

Post by Manish_P »

Neela wrote:Paki twiitar gommunity is a world unto itself
So are their 'experts'

One economy PhD said in an article on yawn, that there is nothing to worry about as Pakistan is fortunate to have experts who have been in such situations all their life. He goes on to state that it is India which should worry because India has no experience of handling such tough crisis.
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Re: Pakistani Economic Stress Watch

Post by Dilbu »

Here are some of those expert comments and solutions.
Why Pakistan will not default despite the dismal economic situation
Some financial pundits and economists have sounded the alarm that a default risk and the debt crisis are not hypotheticals; however, the government and some analysts insist that Pakistan’s economic ship will not sink. As things stand, Pakistan is unlikely to default on its foreign debt. Pakistan has enough foreign reserves to continue to service its debt obligations. Pakistan's external financing challenge is more strongly tied to the import bill, than the debt servicing obligations.

Much of Pakistan's foreign debt is to other countries and international financial institutions, like the IMF, as opposed to commercial debt which makes managing obligations easier for the government.

A case in point is that much of the debt owed to Saudi Arabia and China are often rolled over easily.
{This solid plan is counting on not having to repay loans provided by so called 'friendly countries' and they are also expected to provide another round of funding after IMF approval.}
— University of Oxford Economist Shahrukh Wani
In the current state that we are in, I don't think there are any imminent signs of Pakistan defaulting because the SBP has already confirmed that they have payments that are enough to cover imports and debt servicing for the next fiscal year.

Also, Pakistan is in contact with multilateral and bilateral partners, seeking a rollover on the debt repayment as the period for paying them back is getting close.

In light of the Russia-Ukraine war, our lenders are aware that countries such as Pakistan have been unnecessarily :D hit with high oil prices and inflation, therefore, I am hoping they will take a sympathetic approach. {So this plan depends on not having to pay back existing loans and also a 'hope' that other countries will show sympathy. Very solid argument onlee.}
— Sustainable Development Policy Institute Deputy Executive Director Vaqar Ahmed
Our bond repayment of $1 billion is due in Dec 2022, and not immediate, while the total gap is around $4 billion, over the course of many months.

By December 2022, the finance ministry, is expected to have arranged over $5 billion (IMF $1.2 billion, friendly countries $3-4 billion cash deposits/rescheduling with oil and gas on deferred payments, sell-off of assets with buyback arrangements), followed by World Bank and Asian Development Bank and other donors with their long-term project and programme funding/debts, offsetting total financing needs for a typical year. {This expert's expectation about the dekhonomoney is based on the expectation of finance ministry, which is in turn is based on the expectation that all of the following things will happen one after the other within a specific deadline - IMF deal going through, friendly countries providing beekh, fire sale of assets and oil and gas suppliers agreeing to a payment deferral, and even then they are just about meeting the current gap of $5 billion. Brilliant.}
— Alpha Beta Core CEO Khurram Schehzad
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Re: Pakistani Economic Stress Watch

Post by Dilbu »

Pakistan's total foreign debt is $126bn
ISLAMABAD (Dunya News) - The total foreign debt owed by Pakistan is $126billion as of May 31, 2022, according to the details presented in the National Assembly on Thursday.

In the NA session, a document on details of foreign debts was presented, according to which the government s foreign debt reached $85.64bn. According to the details, Pakistan s debt to the International Monetary Fund (IMF) is $7.29bn. According to the written answer, the foreign debt of the private sector is $11.58bn. From 2022 to 2059, Pakistan will have to pay $95.4bn in interest and principal.
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Re: Pakistani Economic Stress Watch

Post by Manish_P »

Dilbu wrote:Here are some of those expert comments and solutions.
..
Yep. Those are some samples of their 'experts' allright

I can't recall the name of the Phd chap though.. maybe i will come across another farticle of his soon enough..
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Re: Pakistani Economic Stress Watch

Post by Mort Walker »

I don't see Pak economic situation deteriorating further. The US & UK will help.

It is more than likely the Xiden admin, and RINOs in US government, are working tirelessly behind the scenes to secure IMF and other bailouts for Pak. They may just let 1 USD = 250 PKR become stable so that Pak military is within US control and away from the Chinese. The RAPES will be allowed to secure their wealth in USD in large multinational banks.
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Re: Pakistani Economic Stress Watch

Post by Manish_P »

Mort Walker wrote:..The US & UK will help.

It is more than likely the Xiden admin, and RINOs in US government, are working tirelessly behind the scenes to secure IMF and other bailouts for Pak. ..
+1

We have to keep growing strongly and make it prohibitively more & more expensive for the 4.5 fathers to support their b@&%@#d child.
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Re: Pakistani Economic Stress Watch

Post by Vips »

^^ The Uber RAPES and Porki Politicians/Army top guns with looted wealth abroad will be happy with the continuous slide of the paki toilet paper against the dollar. After all didnt the ex-governor of State Bank of Pakistan Reza Baqir say that Pakistanis should be happy that they are getting more rupees against the dollar :rotfl:
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Re: Pakistani Economic Stress Watch

Post by S_Madhukar »

How much does PKR have to fall to for bum surrender. We should do a simulation for that . I mean Unkil will directly indirectly bail out to what tune 100B, 200B. At least an open sieve so that the frog can be boiled at will.
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Re: Pakistani Economic Stress Watch

Post by partha »

S_Madhukar wrote:How much does PKR have to fall to for bum surrender. We should do a simulation for that . I mean Unkil will directly indirectly bail out to what tune 100B, 200B. At least an open sieve so that the frog can be boiled at will.
Until the bum becomes a threat to the US, I guess US will let Pakis keep it. It's one way to keep India in check.
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Re: Pakistani Economic Stress Watch

Post by Bart S »

Do they even have it in the first place, for a question of surrender to arise? Their nukes if any are likely to be of Chinese origin, closely monitored and kept under lock and key already by China, with the Americans monitoring the only reliable delivery systems that they have.
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Re: Pakistani Economic Stress Watch

Post by Bart S »

Does the Paki GDP and GDP per-capita in $ terms shrink with the fall in value of PKR? If so can we expect a 25% shrinkage this year?
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Re: Pakistani Economic Stress Watch

Post by ramana »

PKR was 256/$ as of 7/30/022
#AbKiBaarPKR300Paar
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Re: Pakistani Economic Stress Watch

Post by Neela »

What's in it for US now in Afg since their arzez left in a hurry. ?
With UK in a election mood, aid to Pak will see a huge backlash.

Key point is this: Foreign debt repayment in 2022 is $42Billion. Reserves at $8B. Monthly inward remittances are around ~400 million and falling. Those who transfer would worry about a sinking ship
Bajwa begging for $1+ Billion is desperation kicking in , some promotions for middle tier staff in Army means they are preparing for unrest, - it may well be that default is already halfway through. Or so I hope
Last edited by Neela on 31 Jul 2022 12:49, edited 1 time in total.
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Re: Pakistani Economic Stress Watch

Post by Neela »

Google seems to have stopped plot of USD to PKR. :rotfl:

Try it: https://www.google.com/search?q=USD+PKR
Now try with EUR https://www.google.com/search?q=USD+EUR
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Re: Pakistani Economic Stress Watch

Post by g.sarkar »

https://www.dawn.com/news/1702459/is-th ... none-other
Is this a crisis like none other?
Reza Baqir, July 31

FOR crisis managers, each economic crisis appears like none other. The perception of our current economic challenge and the commentary around it seems no exception.
This is at least the third pronounced economic challenge that our country has faced in the past three years. The spring and summer of 2019 were marked by sharp uncertainty about our economic future and about whether Pakistan would turn yet again to the IMF. In July 2019, when the IMF finally announced a $6 billion programme — of which we are scheduled to receive the seventh and eighth tranche this August — it noted that Pakistan’s economy was “at a critical juncture” and was “facing significant economic challenges on the back of large fiscal and financial needs and weak and unbalanced growth”. A combination of measures that were undertaken then soon restored stability. The rupee strengthened four per cent between end-July 2019 and end-February 2020 — just before the start of Covid-19 — to Rs154 to the dollar and gross reserves rose by about $5 billion over the same period.
Just when economic stability was restored after the 2019 balance-of-payments crisis, we were struck by a second crisis in March 2020 that appeared truly unprecedented at the time. The IMF managing director Kristalina Georgieva declared about the Covid-19 crisis that “a global crisis like no other needs a global response like no other”. Indeed, the world had not seen such a confluence, and at such a scale, of both public health and economic challenges. Pakistan responded to this crisis with innovative and timely measures that saved lives and livelihoods and engendered a quick economic recovery. For a country that was historically prone to economic mismanagement, our response to Covid-19 was noted internationally for its targeted cash transfer scheme under Ehsaas to protect the poor and for the government and central bank’s proactive economic measures. Moreover, unlike most countries where public debt rose significantly during Covid-19, we were able to reduce our public debt-to-GDP ratio by about five percentage points through Covid-19.
Given that we successfully restored stability and growth in the recent two challenging crises, why is there not a shared sense of calm confidence that we should be able to do the same this time round? This question is particularly relevant because our reserves and public debt are better today than they were in the 2019 balance-of-payments crisis before the start of the IMF programme. At end-June 2019, our gross reserves had dipped to around $7bn; at end-June 2022 they were around $10bn. The State Bank’s forward liabilities, including swaps, which are a measure of possible short-term net drains on reserves, were about $8bn back then; today they are about $4bn. In effect, our quality of reserve buffers is about $7bn better than it was then. Our average monthly current account deficit in the first half of 2019 was approximately in the same range as it is today, notwithstanding that oil prices are about $40 higher today. Moreover, our public debt is estimated at 75pc of GDP at June 2022 compared to around 80pc two years earlier. The KSE-100 index of the stock market, more a function of sentiment and other factors than fundamentals, sank to around 27,000 in 2019 and again during Covid; today, it is around 40,000.
.....
Gautam
I just love these guys.
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Re: Pakistani Economic Stress Watch

Post by Dilbu »

RISK OF DEBT DEFAULT: APTMA DEMANDS ‘ENERGY EMERGENCY’ IN PAKISTAN
KARACHI: All Pakistan Textile Mills Association (APTMA) has expressed concern over the country’s economic situation and demanded the government to impose ‘energy emergency’ in Pakistan, ARY News reported on Friday.

In a statement, the APTMA suggested the government declare ‘energy emergency’ and introduce measures to conserve energy “which can save Pakistan’s economy in more than one ways’

The APTMA said that Pakistan was currently on the brink of economic collapse. “With depleting foreign currency reserves, rising inflation, rupee free-fall and irrationally high interest rates, the country is headed towards a path similar to Sri Lanka,” it added.
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Re: Pakistani Economic Stress Watch

Post by CalvinH »

Just when economic stability was restored after the 2019 balance-of-payments crisis, we were struck by a second crisis in March 2020 that appeared truly unprecedented at the time.
COVID was a boon for Pakistan's failing economy and got them an extra lease of time. Pakis were able to manage their CAD with record decreases in trade balance because of COVID.
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Re: Pakistani Economic Stress Watch

Post by g.sarkar »

https://www.dawn.com/news/1702092/impor ... ems-lifted
Import ban on luxury items lifted
Khaleeq Kiani, Published July 29, 2022

ISLAMABAD: The government has increased dealers’ commission on the sale of petroleum products by up to an unprecedented 70 per cent and lifted a ban imposed in May on the import of “non-essential and luxury items”, excluding automobiles, cell phones and electronics.
The decisions were taken on Thursday at a meeting of the Economic Coordination Committee (ECC) of the cabinet presided over by Finance Minister Miftah Ismail.
The committee also approved tenders for 200,000 tonnes of wheat at about $408 a tonne and allowed $11.6 million goodwill compensation for the Chinese casualities at the Dasu hydropower project in July last year.
The meeting approved an increase of 70pc in the dealers’ commission on the sale of high-speed diesel (HSD) to Rs7 per litre from Rs4.13 at present.
......
The ECC also lifted the ban on imported goods except for completed built units (CBUs) of automobiles, mobile phones and home appliances.
The meeting was told the ban had helped cut the imports of banned items, which shrank by around 70pc from $399.4 million to $123.9 million between May 20 and July 19.
The major contributors to this reduction of about $275m were automobile and mobile phone CBUs, which had a share of 79pc in the total import reduction. The remaining 21pc reduction was spread over 810 tariff lines impacting multiple sectors of the economy, including foreign investments.
......
Gautam
What is going on?
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Re: Pakistani Economic Stress Watch

Post by yensoy »

Why ban something when you can tax it heavily? Makes sense to me that they would allow luxury items but heavily taxed so it can add to the coffers.
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Re: Pakistani Economic Stress Watch

Post by Manish_P »

yensoy wrote:Why ban something when you can tax it heavily? Makes sense to me that they would allow luxury items but heavily taxed so it can add to the coffers.
Making sense is not the raison d'etre of Al Bakistan

Yawn - Tax rolled back to mollify angry traders :mrgreen:
Finance Minister Miftah Ismail on Sunday announced the withdrawal of a fixed tax on small traders with electricity consumption of less than 150 units per month in a bid to calm angry traders who have been protesting after receiving additional charges of Rs 3,000 in their electricity bills for the month of July.

In the federal budget 2022-23, the government, after consultations with trade bodies, had imposed a Rs 3,000 per month ‘full and final’ tax on small traders to be collected through their electricity bills. The government had also guaranteed the traders that they wouldn’t be questioned by the authorities after paying the tax.

However, as recoveries began through electricity bills, various trade associations, particularly those in Karachi — the country’s largest business hub — launched protests.
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Re: Pakistani Economic Stress Watch

Post by Dilbu »

yensoy wrote:Why ban something when you can tax it heavily? Makes sense to me that they would allow luxury items but heavily taxed so it can add to the coffers.
This is difficult in a country where tax is viewed as some kind of extortion by the government. You cannot fault the mangoes as they are seeing the RAPEs getting away with minimum to none taxation while the bhooka nangas are expected to pay taxes. Also reducing and cancelling taxes are lauded as good governance in general and by political parties in particular. The RAPEs, including politicians, will have to introduce a luxury tax and pay it themselves. Not happening.
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Re: Pakistani Economic Stress Watch

Post by Dilbu »

One by one dominoes will continue fall until the fourfathers step in to save TSP.
ECC okays Rs30b bailout to save PSO from default
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet released on Sunday Rs30 billion funds to help the Pakistan State Oil (PSO) come out of financial constraints and prevent the state-run company from defaulting on international payments.

The PSO was heading towards a default situation, as the receivables swelled an all-time high of Rs605 billion. The Petroleum Division had submitted a summary for funds for the PSO to meet the company’s international contractual payments during 1-14 August, 2022.
The bailout money is coming from additional taxes.
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Re: Pakistani Economic Stress Watch

Post by Dilbu »

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Re: Pakistani Economic Stress Watch

Post by Dilbu »

More towels are getting thrown.
Economic suicide
As per the World Bank report tilted ‘Pakistan@100: Shaping the Future’, “Pakistan can become a $2 trillion dollar economy….when Pakistan is 100 years old”. The report adds that a “$2 trillion economy means an upper middle-income country where per capita income will be $5,702….”
According to the US Energy Information Administration (EIA), a principal agency of the US Federal Statistical System, “Pakistan may have over 9 billion barrels of petroleum oil…” The EIA further claims that “Pakistan holds sizable shale gas reserves of 105 trillion cubic feet (Tcf).” At our current rate of consumption, it will take us 50 years to finish our reserves. Alas, Pakistan’s politics is keeping Pakistan far far away from Pakistan’s full potential.

Lo and behold, Pakistan’s solar power potential stands at '2.9 millionMW' – we are currently producing 530MW. Pakistan’s wind power potential has been estimated at 346,000MW; we are currently producing 1,248MW.
Now potential versus reality. The current economic trajectory is towards economic suicide. The rupee is down by more than 30 per cent in the past 100 days. Pakistan’s oil companies are finding it extremely difficult to buy dollars in the interbank market in order to buy oil. Auto assemblers are shutting down. Some five dozen drugs – including lifesaving drugs – are now in short supply. Cement sales are down 54 per cent.

Yes, the current economic trajectory is towards economic suicide. The trillion dollar question is: who will undertake course correction? The executive is fighting political fires day in, day out. Parliament is dysfunctional. There’s infighting with the judiciary. And the army is ‘neutral’ :) . That sounds like the making of a perfect storm – a ‘particularly violent storm arising from a rare combination of adverse factors’. A perfect storm almost always has disastrous consequences.

We are now trapped in a vicious cycle. We are an import-dependent country. We have been running trade deficits for the past several decades. We have borrowed $135 billion. Now the rupee is crashing. There will be more inflation. There’s social unrest. In Sri Lanka’s case, social unrest converted into violent protests-followed by troop deployment.

We have the potential – all we need is to correct our course. But who will undertake Pakistan’s course correction? Parliament? Cabinet? Judiciary? Neutrals?
We must bring in politics of ‘national interest’. We need watertight economic stabilizers. We need a permanent ‘Economic Emergency Council’. Look at Italy: 69 governments since 1945 but the economic policy remains more or less on course. Economics must take over politics – or we are fast moving towards an economic suicide.
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Re: Pakistani Economic Stress Watch

Post by kit »

yensoy wrote:Why ban something when you can tax it heavily? Makes sense to me that they would allow luxury items but heavily taxed so it can add to the coffers.

What about forex outgo ?!
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Re: Pakistani Economic Stress Watch

Post by Bart S »

CalvinH wrote:
Just when economic stability was restored after the 2019 balance-of-payments crisis, we were struck by a second crisis in March 2020 that appeared truly unprecedented at the time.
COVID was a boon for Pakistan's failing economy and got them an extra lease of time. Pakis were able to manage their CAD with record decreases in trade balance because of COVID.
This is correct, due to their structural problems, the moment their economy starts to 'grow', they immediately end up with forex reserves crisis. During COVID they not only got aid and liberal rescheduling of loans, but their economy slowed, which helped them maintain a bit of stability. The only way that they can maintain stability is if they have little to no growth. As a bonus, commodity prices fell during that time, which helps in a country that imports most basic inputs for their economy.

Yet Pakis try to spin COVID as having caused economic hardship and downturn for them.
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Re: Pakistani Economic Stress Watch

Post by Dilbu »

Pakistan Inflation Surges to 24.93% Amid Rupee Slump
Pakistan’s headline inflation climbed to a 14-year high in July as a weak currency stoked food and fuel prices, boosting the odds of further interest rate hike.

Consumer prices rose 24.93% last month from a year earlier, according to data released by the government Monday. That compares with a median estimate for a 23.5% gain in a Bloomberg survey of economists and a 21.3% jump in June.
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Re: Pakistani Economic Stress Watch

Post by Neela »

Bart S wrote:
CalvinH wrote:
COVID was a boon for Pakistan's failing economy and got them an extra lease of time. Pakis were able to manage their CAD with record decreases in trade balance because of COVID.
This is correct, due to their structural problems, the moment their economy starts to 'grow', they immediately end up with forex reserves crisis. During COVID they not only got aid and liberal rescheduling of loans, but their economy slowed, which helped them maintain a bit of stability. The only way that they can maintain stability is if they have little to no growth. As a bonus, commodity prices fell during that time, which helps in a country that imports most basic inputs for their economy.

Yet Pakis try to spin COVID as having caused economic hardship and downturn for them.
When you have begging as a primary economic policy, every action is tailored to suit it.
This is what happens when you have a country that essentially is based on stolen lands and on barbaric genocide - there will NEVER be a person or entity in Pakistan who can define a common goal for the country - and with that comes no direction, no initiatives to make anything better. Each to himself and loot for personal enrichment when the chance comes. If you have a gun, you have the upper hand until you have someone who has a tank and a mob. They can have a parliament and elections, PM, mayors, judiciary but fundamentally Pakistan is a flawed by birth and construct.
kit
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Re: Pakistani Economic Stress Watch

Post by kit »

spin doctors again showing bum or else :(( .. that god forsaken country should break up and people take care of the "army"
CalvinH
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Re: Pakistani Economic Stress Watch

Post by CalvinH »

There is a large section of Pakis elite that can afford imported goods at high prices and taxes. Spending $100M-$200M across Pakistan on foreign cars and fancy phones by these elites is not a large number.

Overall looks like Pakis are going back on the imports ban. Good for them. Wish to see USD crossing 250PKR.
Rupesh
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Re: Pakistani Economic Stress Watch

Post by Rupesh »

Zawahiri is droned. Pakis will get IMF bailout soon.
CalvinH
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Re: Pakistani Economic Stress Watch

Post by CalvinH »

hainji...you mean Pakis sold him out?

Thats geoeconomics right there..!!!
g.sarkar
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Re: Pakistani Economic Stress Watch

Post by g.sarkar »

https://www.npr.org/2022/08/01/11150357 ... fghanistan
The U.S. has killed top al-Qaida leader and key 9/11 plotter, Ayman al-Zawahiri
Ximena Bustillo, August 1, 2022

Top al-Qaida leader and key 9/11 plotter Ayman al-Zawahiri was killed by a drone strike carried out by the U.S. on July 30, according to President Joe Biden.
"For decades he was the mastermind behind attacks against Americans," Biden said on Aug. 1, also noting the 2000 USS Cole attack and the 1998 bombings of the U.S. embassies in Kenya and Tanzania.
Biden detailed al-Zawahiri's role leading al-Qaida since Osama bin Laden was killed by U.S. forces in 2011, including calling on followers in recent weeks to attack the U.S. and allies in videos.
"We make it clear again tonight that, that no matter how long it takes, no matter where you hide, if you are a threat to our people, the United States will find you and take you out," Biden said.
Biden said that no one else was hurt in the strike, including al-Zawahiri's family, who were elsewhere in a safehouse, and there were no civilian casualties.
An administration official who briefed reporters ahead of Biden's remarks said al-Zawahiri was an active threat to U.S. national security and that his death is a "hugely significant blow" to al-Qaida.
"And to those around the world who continue to seek to harm the United States, hear me now: We will always remain vigilant and we will act and we will always do what is necessary to ensure the safety and security of Americans at home and around the globe," Biden said.
The U.S. has been aware of a network that protected al-Zawahiri for several years, the senior administration official said.
Biden was briefed on the proposed operation, and he convened a meeting on July 25 with key cabinet members and top officials for a final briefing on the intelligence assessment, the official said. There was unanimous support to strike the target and Biden authorized a "tailored" airstrike to minimize civilian casualties.
......
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https://www.politico.com/news/2022/08/0 ... e-00049089
U.S. kills al Qaeda leader Ayman al-Zawahri in drone strike
“Justice has been delivered, and this terrorist leader is no more,” said President Joe Biden.
ALEXANDER WARD, PAUL MCLEARY, NAHAL TOOSI and LARA SELIGMAN, 08/01/2022

The United States killed al Qaeda leader Ayman Al-Zawahri in a drone strike over the weekend, an operation that included tracking him down through his family, a senior administration official confirmed to reporters.
The strike, carried out by a CIA-operated Air Force drone, occurred at 6:18 a.m. Sunday local time in Kabul as the al Qaeda leader stood on the balcony of his house, the official said. A person familiar with the operation separately said it took “a few days” to confirm the killing because the U.S. doesn’t “have many assets on the ground.”
Zawahri never achieved the household name status of his predecessor, Osama bin Laden, but his killing is nonetheless a major win for the United States in the ongoing struggle against Islamist terrorism, especially as the United Nations warns that the terrorist group is outpacing its peers — like the Islamic State — as a long-term global threat.
.......
Gautam
Did the Pakistani National Bird fly from the Land of the Pure?
Is Kabul the new place to be? Is Pakistan loosing out to Afghanistan in this respect?
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