I think it belongs here:https://twitter.com/MATRIBHUMISEVAK/sta ... 8331400192
For those who doubted @narendramodi 's Pakistan policy, let me share details of data of Pakistan Senate Committee on "Indian policy impact on Pakistan economy - Paper1". This data was sent to LUMS for regulatory measures to stabilize Pak economy from where it was leaked.
Points to note.
1. Circular debt rose 1.6 times since Modi came to power. Real debacle started from 2017.
2. Pak Rupee fell to 145. Expected to fell another 30% at 180.
3. Tax collection fell by 485 billion Pak rupees due to shut down of businesses as they could not compete.
Gas prices to consumers shot anything between 10% to 143%. The Sui gas project went into red for the first time. It shows a loss of 450 billion Pakistan rupees. 40% lost their jobs within 7 months of Imran Khan coming to power. Imran proposed poultry farming (I am serious).
PSU suffered loses of 1100 billion Pakistani rupees due to non availability of power & raw materials. India denied them iron ore, cotton, engineering goods, processed fibers etc. Major sufferers were Pakistan Steel Mill, Itefaq foundry, Pak Airlines and textile industries.
China is due to receive 9 billion dollars from Pakistan (as part of installment from Loan+interest on CPEC). China gave this loan @5.85% per annum. Pakistan rupee fell by 40% in last 7 months and expected to fall 30% by June end. The interest rate effectively is 33.15 p.a.
The Senate Committee pointed out that the Finance minister Asad Umar is in direct contradiction with the papers submitted by the 'State Bank of Pakistan'. Asad Umar lied to the IMF and World Bank that the fiscal position of Pakistan's economy was stable to get loans from IMF.
Asad Umar conducted a meeting in November 2018, after Pakistan got a Saudi Loan of 1 billion dollars. He said Pakistan has overcome challenges of overseas debts. Similarly, In December 2018 he said that Pakistan internal debt challenges have been met too. He simply lied.
he State Bank of Pakistan,said the Finance Minister lied. It pointed 3 things in its report.
1. Prices are at an all time high and will increase due to Indian policy.
2. Large Scale industrial productions are in spiral decline.
3. Budgetary losses will increase drastically.
The State Bank of Pakistan in the Senate Committe has submitted that due to the policies of India, both the agricultural & Industrial production have gone down by around 32% on average. Earlier India used to send industrial raw materials, urea, compost etc. It's stopped now.
The HR committee in Paper 2, submitted to the Senate Committee of the house, have said that more than 10 lakh Pakistanis have lost their jobs in the automobile sector alone due to Modi's policy. Modi put in stringent measures to all Paki exports. 3000 mediamen lost jobs too.
Pakistan has increased it's domestic interest rates to 10.75%, however IMF is insisting on Pakistan to cap in another 25% for shortfall in rupee. IMF anticipates that Pakistani rupee is going for a free fall can touch 180 rs per dollar by year end, courtesy Modi's Pak policy
Before Imran Khan took over Pakistan, Pakistan was reeling under external debts and borrowing of 1100 billion. But within 7 months, due to Modi's foreign policy, Pakistan was put in the grey list of Financial Action Task Force (FATF) and external borrowings rose to 1600 bn.
Cost of power generation rose by 40% in the last 3 months. Pakistan has failed to offer any long term plan to the IMF, on how to repay the Circular debt that is hanging over their head. With Modi's initiative, the India chair in the IMF is not letting Pakistan through.
The IMF is asking Pakistan counter valence measures which they wish to adopt to narrow the margin of budget deficit, which rose from 2000 bn to 2700 bn rupees. With Modi's initiative of not giving Pakistan MFN status anymore, this budgetary deficit will rise by 27 to 30%.
The public welfare and health care department reporting on economic index of middle class pakistanis said that due to stoppage of food & supplementary items from India, the Food index increased 80%.Those earning 50000 rs have now come into lower income groups. Modinomics.
Imran Khan had made 3 promises when he came to power.
1. One Crore Jobs
2. 50 Lakh homes.
3. Bringing back black money.
The Senate Committee as of now looks at:
1. 1 Cr 15 lakh job loses.
2. No houses built.
3. Not a paisa of black money.
Arshad H Abbasi had submitted a report to the Senate Committee (HELP- Hydrocarbon Exploration & Licencing Policy). It says 85% energy needs of Pakistan is met by imports. With Pak rupee falling due to Indian trade embargo & Modi's policy, it is not feasible anymore.
With the current reserves that Pakistan has as of now,it's crude imports will fall by 75%,this will directly affect it's exports as industrial production will hit an all time low. Reason Imran khan is doing 2 things:
1. Begging Modi to talk to him
2. Encouraging poultry farm
Imran is facing the biggest energy crisis in Pakistan's history. He needs investments in oil exploration & drilling in Pak (areas marked out) and approached Aramco (Saudi), but the technology lies with US, Britain & India.China refused as it does not want Saudi in picture.
The Senate Committee report suggests that Pakistan wanted to engage services of National Oil & Gas Company, OGDCL & MOL in the KPK region. The expected exploration cost is 30 dollars per barrel. Pakistan approached New Development Bank but Indian Chair refused grants.
Pakistan does not have funds to repair the SNGPL Pipelines which could support Pak Industries by transferring LNG from KPK. Pakistan tried to get LNG from Qatar but they are not willing to provide it on deferred payment. Qatar asked India to get involved but India refused.
The TAPI project failed due to bad judgement of the UPA2 government. Modi abandoned that project and insisted on LNG agreement with Iran (it's a Shia nation). Without Indian participation the entire Gas pipeline of Qatar becomes non feasible. Pakistan suffers. And there were a lot of people who wanted a pipeline through pakistan
A report on internal security to the house Senate states that Modi's government has been funding various regional political parties including Bilawal Bhutto's PPP to resist changes in the 18th Amendment of the Constitution. This blocks exploration & development works.
Imran admitted that Pakistan has become a bankrupt State. Federal revenue collected is 5500 bn rupees. 2000 bn rupees goes to debt servicing, 2500 bn rupees for plan outlay to States, 1700 bn rupees to Pak Army. Fiscal deficit is 700 bn rupees. Revenue expected to fall 60%.
This sums up Modi's long term and short term plan to hit Pakistan at the economic front in Paper-1. There are a few more details which I will share very shortly. I will be taking up Internal Security threats to Pakistan in Paper-2, which Pakistan blames on Modi and Doval
Paper - 2
Internal Security in Pakistan.
House Senate committee in Pakistan had been submitted an IR, which holds India responsible for internal destabilization in Pakistan. Six major incidents have been marker out by them..
Paper - 2 https://twitter.com/MATRIBHUMISEVAK/sta ... 2343500802
Internal Security in Pakistan.
House Senate committee in Pakistan had been submitted an IR, which holds India responsible for internal destabilization in Pakistan. Six major incidents have been marker out by them.
One such incident relates to kidnapping of Haji Abdullah & his brother from Peshawar. An Indian businessman KJ, was abducted from Iran by Pakistani intelligence agencies. Pakistan claimed that KJ was arrested from Mashkel, near Chaman, Balochistan and he was an Indian spy.
The lynchpin of this entire operation was this Haji Abdullah. He resided both in Islamabad and Peshawar. Haji Abdullah was instrumental in framing the Indian businessman KJ. Then someday, some people abducted Haji Abdullah and his brother. The matter was sensitive for Pak.
The matter was raised in the internal briefings of the house Senate. Haji Abdullah's fingers were chopped off. He had to pay a ransom of 30 million rupees. Now there is no trace of the family. Paki agencies think of Uzair Baloch as an Indian agent and the man behind it.
Uzair Baloch and his brother were arrested by ISI. He was charged with multiple cases of abduction, extortion, rackettering, murders. He was charged by the Pakistani intelligence to work for foreign intelligence agencies both for India & Iran. He is still in custody.Rao Anwar, the SSP of Karachi and CIU (Counter Intelligence Unit) chief, in a written sealed submission to the Supreme Court of Pakistan has admitted that they had to undertake more than 500+ encounters in the Lyari & rest of Karachi region because RAW had set up bases there
The State Bank of Pakistan (SBP) submitted a report before the House Senate Committee, which they had sent to the IMF declaring the financial condition of Pakistan in Feb 2019. This was a Central Bank Survey stating that the deficit as on date stood at 313697 ml rs.
This Data was challenged by Dr Ishaq Ahmed Ansari, Deputy Director of the Planning Commission of Pakistan. He contended that these data did not match with the 'ecodata' of State Bank of Pakistan, which is the internal report sharing system where Every Paki Bank is linked.
Dr Ishaq further contended that there is a separate Statistical bulletin system, which classifies data based on sector. These statistics too do not match the data submitted to the IMF, requisitioned se per Monetary & Financial Statistics manual 2000. Pak is duping IMF.
The addl director, claims that the Pakistani establishment fudged with the figures on at least 3 counts.
a) Monetary, Gold Coins & Bullion's - He contends that the 'ecodata' shows 40% of stock what's sent to the IMF.
b) Deposits - It includes remittances from overseas Pakis.
c) Deposits (in liabilities to non-residents) - The figure shared with IMF is much lower. The actual figure is higher.
Dr Ishaq, addl director, opines that the Pakistani government has deliberately kept the rupees overvalued in comparison to the USD and a correction needed.
The finance minister of Pakistan Asad Umer has admitted that Pakistan's Foreign reserves can sustain 1.5 months of import costs. The former finance minister, mifta Ismael differs, he says that Pakistan can default any moment and pak rupee can touch 200 to a dollar.
The FBS Pakistan released data on food price & essential commodities index. Inflation in Pakistan since Pulwama attacks has touched 9.41% from feb'2019 to Mar'2019. Other essential commodities inflated as such:http://1.Food
(Projected to rise 15-16% in April
2. Tomato 315%
3. Local transport Cost 48%
4. Car & Gold 20%-25%
5. Sugar 18%
6. Onion 39%
7. Chillies 20%
8. Chicken & meat products 16-20%
9. Airfare 13.5%
Shortfall in revenue collection was 290 bn rs, if Modi ji does not do trade, shortfall will get to 400 bn rs in April
The Senate Committee was informed by FM Asad Umar, that IMF had laid out 2 prominent pre-conditions (apart from other conditions) before it will bail out Pakistan.
The conditions are:
1. Increase Oil & Gas prices through OGRA (Oil & Gas Regulatory Authority) by at least 44%.
The second pre-condition given to Pakistan is to open up trade with India (this completely depends on Modi), and increase inter-trade by $1.2 billion with India by the end of fiscal year 2019-20. IMF wants a composite guarantee that Pakistan could repay the loans. Modinomics
Now let us discuss Paper 2 submitted to the House Senate Committee, which primarily deals with Internal Security threats to Pakistan. The Pakistan Military wishes to continue with the military Courts, whose term have expired, and is arm twisting Pakistan People's Party.
The Military Intelligence, in it's report submitted, that Indian intelligence Agency & NDS, are recruiting hundreds of people in KPK, FATA, NWFP, North and South Waziristan and they are jointly handled by RAW & NDS from numerous embassies set up at Afghan-Pak border.
The MI submitted that alike PMLN, PPP too is compromised in the hands of Indian Intelligence Agencies. They allege that Modi government, helped Zardari launder money through numerous fake Bank accounts, and that the Bhutto family has become an asset in the hands of India.
The MI also alleged in the deposition to the House Senate Committee, that India is funding a separatist movement in FATA & South Waziristan by the name of an organisation "Pashtun Tahafuz Movement" led by Manzoor Pashteen. The ISI allege that he is Ajit Doval's man.
For the Pak Military to attain more power, it needs to dilute the powers vested in the provinces by the 18th Amendment of the Constitution of Pakistan. This amendment was incorporated in 2002, and this has become a headache for the Military.
The 18th Amendment gives considerable powers to the Provinces vis a vis to the Federal Government. Imran Khan is merely a puppet in the hands of the military. Zardari has absolute power in Sindh, and an Indian Asset, overseeing Karachi which generates 50%+ of tax revenues.
Pakistan is all set to increase it's gas prices in April'2019 to around 15% to 16%. This has been suggested by the CCI in the Senate Committee to cover the transmission and distribution loses as PSO's and PLL's by SNGPL. Request to all doubters, not to ask for my source.
Nadeem Haque, Deputy Chairman Planning Commission & VC at Pakistan institute of Developmental Studies, in an in-house briefing to the house Senate, accused Finance Minister of lying in papers submitted to the IMF, of fudging documents and claims of C/A deficit decline of 72%
Nadeem Haque, claims that foreign remittances from non-resident Pakistanis were taken into consideration while making payments and these entire figures are fudged. He claims that Imran in his tenure borrowed $9.5 billion & repaid $3.8bn as interest on loan to China & Saudis.
When Asad Umar could not handle the situation, he accepted the truth both before the house Senate Committe and in the National Economic Committee, that if IMF does not help them out, Pakistan will become bankrupt. IMF is now insisting on trade ties with India. Modinomics.
In the Paper presented in the House Committee, the Dep. Chairman of the planning commission, presented papers that during the 7 months of Imran Khan's rule, foreign debt rose by $6 bn, from 95.3 bn to 101 bn. 35-40% in debt rise was trade embargo by India in last few months.
The Institute of Developmental Studies in its report to the House Committee has charged India of trying to change the economic demography of the region, by initiating projects in Iran & Afghanistan, considered economically unstable earlier. They were major source of...
Capital Influx into Pakistan. With Indian aid & withdrawal of US support to Pakistan, their businesses no longer invest in Pakistan. India is helping them. Afghan inflation has stabilised at 1% while around 41.6 lakh households became poor in last 1 year. 11.4 lakh lost jobsThis data is very important. If one notes, than he/she will realise that around the time when Modi went ahead with demonitization, there was a sudden spurt in circulation of the Pakistani rupees. Pl note that Congress has almost allowed 2 Pak banks to open brc in India 2012
[/img]This plan was held up by Modi when he came to power and later when situation escalated between Indo-Pak in 2017 and "The Habib Bank" was penalized $225 mn, this plan was shelved by Modi. Congress had almost opened up terror funding and hawala racket in India. Modi saved us.
Hundreds of data on Paper 1. Will be posting tomorrow. Thank you everyone for bearing with me. Paper 2 on Internal threat to Pakistan will continue after that.