Re: Pakistani Economic Stress Watch
Posted: 10 May 2019 13:28
Now the real game of Chickens will start! AoA.
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CheersISLAMABAD: The country’s economic growth rate has slowed down to 3.3% — the lowest in nine years — in the first year of Prime Minister Imran Khan’s government, which missed its targets set for all major sectors of the economy.
Peregrine wrote:Growth rate slumps to lowest in 9 years
CheersISLAMABAD: The country’s economic growth rate has slowed down to 3.3% — the lowest in nine years — in the first year of Prime Minister Imran Khan’s government, which missed its targets set for all major sectors of the economy.
If we consider that the real population of Pakistan is about 220 million at least, a $280 million GDP leaves them at the $1200-1300 per capita level.The slow pace of economic growth coupled with currency devaluation has caused the size of the economy — in the US dollar terms — to slip to around $280 billion from $313 billion at the end of the Pakistan Muslim League-Nawaz (PML-N) government’s term.
Reminds me of Ras Al ghul, with China Pakistan has tried a new weapon Economics. Whether we like it or not, they will be responsible for a superpower in this century (along with themselves): Most likely its gonna be china.pankajs wrote:Now the real game of Chickens will start! AoA.
Bart S wrote:If we consider that the real population of Pakistan is about 220 million at least, a $280 million GDP leaves them at the $1200-1300 per capita level.The slow pace of economic growth coupled with currency devaluation has caused the size of the economy — in the US dollar terms — to slip to around $280 billion from $313 billion at the end of the Pakistan Muslim League-Nawaz (PML-N) government’s term.
Bart S Ji :Bart S wrote:The slow pace of economic growth coupled with currency devaluation has caused the size of the economy — in the US dollar terms — to slip to around $280 billion from $313 billion at the end of the Pakistan Muslim League-Nawaz (PML-N) government’s term.If we consider that the real population of Pakistan is about 220 million at least, a $280 million GDP leaves them at the $1200-1300 per capita level.
Peregrine wrote:CheersISLAMABAD: The country’s economic growth rate has slowed down to 3.3% — the lowest in nine years — in the first year of Prime Minister Imran Khan’s government, which missed its targets set for all major sectors of the economy.
menon s Ji:menon s wrote:GDP of Tamil nadu is more than this?
Not yet, but probably will be next FY.menon s wrote:Bart S wrote:
If we consider that the real population of Pakistan is about 220 million at least, a $280 million GDP leaves them at the $1200-1300 per capita level.
GDP of Tamil nadu is more than this?
After wasting far too much time watching Paki TV shows and especially the ones having Paki economists (a better form of entertainment than any Indian comedy show), I have come to the conclusion that they are not really giving genuine economic gyan (probably don't have any real insight either). Rather, they seem to be just putting across whatever political viewpoint suits them depending on which musical chair (metaphorically speaking) they happen to be sitting on. For e.g a guy who has been excluded from some committee will invariably heap abuse on the govt, those aligned with different political parties will put across what is convenient for their masters, and the ones who are not capable of being employed internationally and hence have to settle for a teaching job in Pakistan will lash out at anybody with a real career out of jealousy and spite.Peregrine wrote:Capitulating to IMF will cause massive unemployment, warns economist
The International Monetary Fund (IMF) has one-point agenda in Pakistan, namely the privatisation of all the assets of the country which will cause large-scale unemployment.
Economist and former adviser to the Sindh and Balochistan chief ministers Dr Kaiser Bengali stated this while speaking on Thursday evening at a consultation meeting, titled ‘The current economic scenario and its effects on the common man’, at the Arts Council of Pakistan.
Yagnasri wrote:1. Even my madarasa education tells me that they are living/begging for day to day needs from now onwards. One year time fly just like that and there will be further payments due. Then what? One more round of begging?
Unless they cut their defense spending in a very big way there is no chance they can even make reasonable effort to save themselves with other reforms. The spending is simply too big to sustain now. But that is not going to happen at any cost.
Yagnasri Ji :There will be all kinds of CTs and evil baniya hindoo will be blamed anyway. So let is impose some sanctions on the banks and other institutions doing business with Pakis asap.
Peregrine wrote:Capitulating to IMF will cause massive unemployment, warns economist
The International Monetary Fund (IMF) has one-point agenda in Pakistan, namely the privatisation of all the assets of the country which will cause large-scale unemployment.
Economist and former adviser to the Sindh and Balochistan chief ministers Dr Kaiser Bengali stated this while speaking on Thursday evening at a consultation meeting, titled ‘The current economic scenario and its effects on the common man’, at the Arts Council of Pakistan.
Bart S Ji :Bart S wrote:After wasting far too much time watching Paki TV shows and especially the ones having Paki economists (a better form of entertainment than any Indian comedy show), I have come to the conclusion that they are not really giving genuine economic gyan (probably don't have any real insight either). Rather, they seem to be just putting across whatever political viewpoint suits them depending on which musical chair (metaphorically speaking) they happen to be sitting on. For e.g a guy who has been excluded from some committee will invariably heap abuse on the govt, those aligned with different political parties will put across what is convenient for their masters, and the ones who are not capable of being employed internationally and hence have to settle for a teaching job in Pakistan will lash out at anybody with a real career out of jealousy and spite.
jash_p Ji:jash_p wrote:What happen to IMF - Paki signing today scheduled combined press conference today ?
Atmavik wrote:what abt these questions
1. reveal the terms of Chinese loans part of cpec
2. defence budget cuts
3. publish a green paper on sialkot statistics and Djinn technology?
Pakistan reaches agreement with IMF, to receive $6 billion over 3 years
They are not after the 6 billion but rather the IMF letter of comfort that lets them take low interest loans from elsewhere like the WB or ADB.Supratik wrote:Is this enough for a country of 220 million. Me thinks not.
This is not enough but letter from IMF will allow Pakis to get about 22 billion $ from ADB, WB, IDM etc. also can float bonds on ;ow intrest rate, improvr credit ratings, attract foreign investment.Is this enough for a country of 220 million. Me thinks not.
I don't think anyone is giving them 22 billion. Maybe a couple of billion here and there.
[/quote]dhyana wrote:Pakistan & IMF Seal the Deal
[quote=""AOA"]–$6 billion bailout package will be given over a period of 3 years
Guys ., you are missing the core point. It actually benefits the Pakistani "army". An educated well fed population may not exactly what the army wants (their kids go abroad anyway).so "army" leeches off the populace that is more concerned about their day to day life than taking a good look at what their "army" actually does.Peregrine wrote:Peregrine wrote:Capitulating to IMF will cause massive unemployment, warns economist
The International Monetary Fund (IMF) has one-point agenda in Pakistan, namely the privatisation of all the assets of the country which will cause large-scale unemployment.
Economist and former adviser to the Sindh and Balochistan chief ministers Dr Kaiser Bengali stated this while speaking on Thursday evening at a consultation meeting, titled ‘The current economic scenario and its effects on the common man’, at the Arts Council of Pakistan.Bart S Ji :Bart S wrote:After wasting far too much time watching Paki TV shows and especially the ones having Paki economists (a better form of entertainment than any Indian comedy show), I have come to the conclusion that they are not really giving genuine economic gyan (probably don't have any real insight either). Rather, they seem to be just putting across whatever political viewpoint suits them depending on which musical chair (metaphorically speaking) they happen to be sitting on. For e.g a guy who has been excluded from some committee will invariably heap abuse on the govt, those aligned with different political parties will put across what is convenient for their masters, and the ones who are not capable of being employed internationally and hence have to settle for a teaching job in Pakistan will lash out at anybody with a real career out of jealousy and spite.
That is a Fact NO ONE CAN DENY!
BTW : I hope you calculate the Aam Abdul Population and confirm that the Terroristanis tell LIES without Moving their Lips!
Cheers