Pakistani Economic Stress Watch

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Peregrine
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Pakistani Economic Stress Watch

Postby Peregrine » 01 Apr 2019 18:19

Vips wrote:Peregreneji, Watch 2.30 onwards Interest rate (Prime lending) to be 12.5%



Also watch 6:00 onwards Pakistani deficit even after taking out the total interests payments dues has reached 3% of GDP. truly a shithouse situation :lol:
Vips Ji :

As we learnt in School "Terroristan" is up "Shit Creek" without a Paddle!

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Peregrine
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Pakistani Economic Stress Watch

Postby Peregrine » 01 Apr 2019 18:30

S&P BSE SENSEX

Index Current : 38,871.87 – Pt. Change : +198.96 - % Change : +0.51%

Market Capitalization of BSE Listed Co. (Rs.Cr.) 1,52,19,034.71 - $ 1 / IN RS : 69.11

Market Capitalization of BSE Listed Co. (U S $.) : 2,202.14 Billion

P S E[/b]

Index Current : 38354.85 - Pt. Change : -294.49 - % Change : -0.76%

Market Capitalization of PSE Listed Co.. (Rs.Tr.) : 7,794,947,571,594 - $ 1 / T R : 141.00

Market Capitalization of PSE Listed Co. (U S $.) : 55.28 Billion

B S E : P S E : : 38.84 : 1


Vips Ji :

I started Posting the BSE / PSE figures the Ratio was 32 : 1! One should congratulate the Terroristani Rulers for Emulating the One and Only Col. Cargill of "Catch 22" as Every Teroristani Government has followed Col. Cargill's path "To the Letter" as follows :

“Colonel Cargill was so awful a marketing executive that his services were much sought after by firms eager to establish losses for tax purposes. His prices were high, for failure often did not come easily. He had to start at the top and work his way down, and with sympathetic friends in Washington, losing money was no simple matter. It took months of hard work and careful misplanning. A person misplaced, disorganized, miscalculated, overlooked everything and open every loophole, and just when he thought he had it made, the government gave him a lake or a forest or an oilfield and spoiled everything. Even with such handicaps, Colonel Cargill could be relied on to run the most prosperous enterprise into the ground. He was a self-made man who owed his lack of success to nobody.” - ― Joseph Heller, Catch-22

ENJOY!
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Pakistani Economic Stress Watch

Postby Peregrine » 02 Apr 2019 00:22

Pakistan's External Debt and Liabilities - Outstanding Provisional (Million US$) - 31-Dec-18

Total external debt & liabilities (A+B+C+D+E) : US$ 99,108 i.e. US$ 99.108 BILLION

GDP (Current Market Price) : US$ 277,206 Million i.e. : US$ 277.206 BILLION

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Last edited by Peregrine on 02 Apr 2019 02:25, edited 1 time in total.

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Re: Pakistani Economic Stress Watch

Postby nachiket » 02 Apr 2019 01:54

Pakistan hikes fuel prices amid spiralling inflation

Islambad, Pakistan – Pakistan's government has hiked fuel prices by up to 6.45 percent, as the country continues to face widening fiscal and current account deficits amid spiralling inflation.

On Monday, countrywide fuel prices increased to Rs98.89 ($0.70) per litre, with diesel prices at Rs117.43 ($0.83), a government notification said, hitting nine-month highs.

Pakistan subsidises the price of most fuels in the country, but has been cutting those payments in recent months as the newly elected Pakistan Tehreek-e-Insaf (PTI) government struggles to contain ballooning government expenditure amid an overall economic slowdown.


The fuel price hike comes amid spiralling consumer inflation in the South Asian country, with consumer price inflation (CPI) hitting 8.21 percent last month, according to the Pakistan Bureau of Statistics (PBS), the highest level since June 2014.


"The current account deficit remains high, fiscal consolidation is slower than anticipated and core inflation continues to rise," said a statement accompanying the announcement.

As a result, the central bank has pared back its expected annual GDP growth rate projection from around 6 percent to 3.5 percent.

"The increase in petrol and diesel prices tend to raise inflationary expectations among consumers," said Saad Ali, head of research at Karachi-based Inter Market Securities. "Almost all sectors are affected by it, because in Pakistan most goods are still transported via road."

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Re: Pakistani Economic Stress Watch

Postby ramana » 02 Apr 2019 04:07

mmasand wrote:
ramana wrote:Very good tweets series on Pak economy.

https://twitter.com/MATRIBHUMISEVAK/sta ... 00192?s=19


Sadly some of the interpretations of the visuals are far from accurate. For ex, in tweet 3/n, he mentions a loss of Rs1100b to PSU's, when it actually reads PSE (Pak Stock Exchange). I don't know where that figure came from, because capitalisation data is available in the open source.

In tweet 5/n, he mentions a loss of jobs to the tune of 40%, if he is referring to the figure, it mentions 'bijli'/electricity price is up 40% (don't know cost or unit price).

It's somewhat strange to me that a paper with Urdu has been accepted at LUMS even as an abstract considering that they are very picky about it's english language req's for entry.


Our own SaiK has a tweet of the INR vs PR over last five years which shows the rise of INR especially after Demonetization.

I suggested to do the inverse i.e. PR vs INR and will shows it in doldrums.

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Re: Pakistani Economic Stress Watch

Postby kit » 02 Apr 2019 04:23

ramana wrote:
mmasand wrote:
Sadly some of the interpretations of the visuals are far from accurate. For ex, in tweet 3/n, he mentions a loss of Rs1100b to PSU's, when it actually reads PSE (Pak Stock Exchange). I don't know where that figure came from, because capitalisation data is available in the open source.

In tweet 5/n, he mentions a loss of jobs to the tune of 40%, if he is referring to the figure, it mentions 'bijli'/electricity price is up 40% (don't know cost or unit price).

It's somewhat strange to me that a paper with Urdu has been accepted at LUMS even as an abstract considering that they are very picky about it's english language req's for entry.


Our own SaiK has a tweet of the INR vs PR over last five years which shows the rise of INR especially after Demonetization.

I suggested to do the inverse i.e. PR vs INR and will shows it in doldrums.


small wonder the cricketer is praying for raga to come to power !!.. Modi knows he can destroy the pakis without firing a single shot .. witness his recent remarks to forget about Pakistan !!

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Pakistani Economic Stress Watch

Postby Peregrine » 02 Apr 2019 13:42

mmasand wrote:
Sadly some of the interpretations of the visuals are far from accurate. For ex, in tweet 3/n, he mentions a loss of Rs1100b to PSU's, when it actually reads PSE (Pak Stock Exchange). I don't know where that figure came from, because capitalisation data is available in the open source.

In tweet 5/n, he mentions a loss of jobs to the tune of 40%, if he is referring to the figure, it mentions 'bijli'/electricity price is up 40% (don't know cost or unit price).

It's somewhat strange to me that a paper with Urdu has been accepted at LUMS even as an abstract considering that they are very picky about it's english language req's for entry.
ramana wrote:Our own SaiK has a tweet of the INR vs PR over last five years which shows the rise of INR especially after Demonetization.

I suggested to do the inverse i.e. PR vs INR and will shows it in doldrums.
ramana Ji :

Also please Post the following on Twitter :

INDIA

PRESS NOTE ON SECOND ADVANCE ESTIMATES OF NATIONAL INCOME 2018-19AND QUARTERLY ESTIMATES OF GROSS DOMESTIC PRODUCT FOR THE THIRD QUARTER (Q3) OF 2018-19 = 28-02-2019

GDP : 19,053,967 CRORES = 190.539.67@ US$ 1 / RS. 69 = $ 2,761.44 BILLION

POPULATION : 1.332 MILLION


PAKISTAN

Pakistan's External Debt and Liabilities - Outstanding Provisional (Million US$) - 31-Dec-18

Total external debt & liabilities (A+B+C+D+E) : US$ 99,108 i.e. US$ 99.108 BILLION

GDP (Current Market Price) : US$ 277,206 Million i.e. : US$ 277.206 BILLION

POPULATION : 210 MILLION


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Last edited by Peregrine on 02 Apr 2019 13:55, edited 4 times in total.

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Re: Pakistani Economic Stress Watch

Postby sudhan » 02 Apr 2019 13:46

Peregrine wrote:
POPULATION : 210 BILLION[/color][/b]
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Minor pitpick.. Population in Million

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Pakistani Economic Stress Watch

Postby Peregrine » 02 Apr 2019 17:38

S&P BSE SENSEX

Index Current : 39,056.65 - Pt. Change : +184.78 - % Change : +0.48%

Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,52,50,598.56 - $ 1 / IN RS : 69.3600

Market Capitalization of BSE Listed Co. (U S $.) : 2,198.76 Billion

P S E

Index Current : 38036.03 - Pt. Change : -318.8 - % Change : -0.83%

Market Capitalization of P S E Listed Co. (Rs.Tr.) : 7,727,868,317,064 $ 1 / 142.70

Market Capitalization of PSE Listed Co. (U S $.) : 54.16 Billion

B S E : P S E : : 40.60 : 1
MERA DIL MANGAY MORE!

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Pakistani Economic Stress Watch

Postby Peregrine » 02 Apr 2019 17:47

Inflation hits over five-year high in March
KARACHI: Consumer inflation rose to its highest level in more than five years in March, according to an official data on Monday that could make the central bank more likely to keep its hawkish stance on monetary tightening.
Annual consumer price inflation rose to 9.41 percent year-on-year in March from 8.21 percent a month earlier and 3.2 percent in March 2018, the Pakistan Bureau of Statistics (PBS) said, beating most of the market analysts’ average expectation and marking the fastest rise since December 2013.
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Pakistani Economic Stress Watch

Postby Peregrine » 02 Apr 2019 18:16

SBP summons dealers as dollar touches Rs144 - Shahid Iqbal
KARACHI: The State Bank of Pakistan (SBP) summoned currency dealers after the dollar touched an intraday high of Rs144, eventually closing at Rs 142.7 in the open market.
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Re: Pakistani Economic Stress Watch

Postby arun » 03 Apr 2019 13:15

Nothing not long ago anticipated here on BRF. The News, citing an anonymous “National Accounts Committee member” and additionally a Member of Economic Advisory Council (EAC), one Dr Ashfaque Hasan Khan, reporting that the Mohammadden Terrorism Fomenting Islamic Republic of Pakistan is staring at a GDP contraction in US Dollar terms to around USD 280 Billion in Fiscal Year 2018-19 from USD 330 Billion for FY 2017-18.

This after all being the Mohammadden Terrorism Fomenting Islamic Republic of Pakistan which has a penchant for putting out Sialkot Statistics and Madrassah Maths, no comment on the report that GDP for Fiscal 2017-18 was indeed USD 330 Billion:


ISLAMABAD: In a major setback to the country, Pakistan’s GDP size is feared to be contracted by 15 percent from $330 billion in current financial year 2017-18 to almost $280 billion in 2018-19 and accordingly the per capita income that represents the average living standards of everyone in the country will decline by 16.7 percent from $1,640 to $1,366.

Though the National Accounts Committee will finalise the GDP size and per capita income and growth of economic sectors of economy by first week of May as the government has so far planned to present the budget of the country for 2019-20 on May 17 but this date is not yet finalised.

However, one of the National Accounts Committee members confirmed to The News that Pakistan’s GDP size is to decline in dollar terms to almost $280 billion from $330 billion showing the contraction by 15 percent. He said that per capita income will also plummet by almost 16.7 percent to $1,366 per person from $1,640. Keeping in view the eight months data and expected GDP growth that is to hover between 3.5 to 4 percent, it can easily be gauged that GDP size of the country is going to contract to $280 billion in dollar terms. To a question, he said the NAC will finalise the GDP growth based on the nine months data.

Member of Economic Advisory Council (EAC) and Principal and Dean of School of Social Sciences and Humanities at NUST Dr Ashfaque Hasan Khan also came up with the working about the GDP growth of the current financial year confirming that that GDP size is expected to go down to almost $280 billion. He said depreciation of Pak Rupee is far greater than the nominal GDP at price market owing to which size of the GDP will alarmingly shrink.

According to the NAC member, if the average exchange rate of dollar during the current year is set at Rs135 and fiscal deficit is kept close to 4 percent, the GDP size will climb down to $280 billion. To a question, he said the current value of dollar is at Rs143 and if it is assumed to go by June 30, 2019 up to Rs150 after joining the IMF programme, the average exchange rate will stand at Rs135. ……..


From the News:


No jobs, houses for three years

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Re: Pakistani Economic Stress Watch

Postby nachiket » 03 Apr 2019 13:55

^^ Well PKR has depreciated almost 28% between Jan 2018 and April 2019. Even Sialkot statistics have their limits :lol:

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Re: Pakistani Economic Stress Watch

Postby menon s » 03 Apr 2019 15:07

OGDCL has been to asked to procure LNG, keeping pkr 180.00 to a dollar, by the finmins office! Hows that?

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Re: Pakistani Economic Stress Watch

Postby Singha » 04 Apr 2019 08:18

a series of charts that show the rise in prices of commodities in Pak over the last 1 year

https://twitter.com/MATRIBHUMISEVAK/sta ... 87746?s=20

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%

we need to focus and keep at it. send them into a permanent economic slump and very high consumer and wholesale goods inflation no matter periodic infusions of cash from saudi, uae and china

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Re: Pakistani Economic Stress Watch

Postby arun » 04 Apr 2019 10:27

:wink: Tabdeeli! The Mohammadden Terrorism Fomenting Islamic Republic of Pakistan will get opportunity to fulfil Z.A. Bhutto’s boast of eating grass in full measure and then some :rotfl: . Finance Minister Asad Umar, in a social media interaction says “Our basic debts are so big that we are near bankruptcy” 8) .

Excerpt from the transcript of the social media interaction from the website of the Imran Khan Niazi led ruling Pakistan Tehreek-e-Insaf (PTI) party:


………….. But the difference is, in the words of the IMF in this very room, when I was telling them that I don’t want to burden our own awaam... the imf reps themselves said to me that the burden of debt you have inherited is unprecedented. The long speeches that they do today, look at the situation they left Pakistan in. Our basic debts are so big that we are near bankruptcy. You are going go the IMF with these massive debts in toe for a bailout. We have had to fill big gaps; the last three months of PMLn we were bleeding 2 billion dollars a month. Immediate measures we had to take were to squeeze imports to in the long run increase our exports. Think of it as entering an operation theatre where a surgeon is standing to save a persons life post heart attack; will you say he’s cutting him open or he’s saving his life? You have to treat the condition to cure it. We have taken on a vested interest which no one thought we would ever take on. If you are not ready to take on these tough decisions then forget reforms. ……………..



From the Pakistan Tehreek-e-Insaf (PTI) website:

Finance Minister Asad Umar's Exclusive Interview For Social Media

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Re: Pakistani Economic Stress Watch

Postby srin » 04 Apr 2019 10:29

How does IMF bailout decision process work ? And how much can we influence that ?

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Re: Pakistani Economic Stress Watch

Postby arun » 04 Apr 2019 10:40

^^^ My {flawed?} understanding is that IMF Executive Board approves loans by majority. India holds one of the 24 spots on the Executive Board. Voting power of each Executive Board Director is available at the below link:

IMF Executive Directors and Voting Power

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Re: Pakistani Economic Stress Watch

Postby mody » 04 Apr 2019 15:25

By June-July, India's GDP will be 10 times the size of Napaki GDP in dollar terms. Napaki 270-280 Billion, India 2.7-2.75 Trillion.

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Pakistani Economic Stress Watch

Postby Peregrine » 04 Apr 2019 16:39

ADB estimates Pakistan’s growth to slow down to 3.9% - Shahbaz Rana

ISLAMABAD: The Asian Development Bank (ADB) has painted a worrying picture of Pakistan’s economy, saying that economic growth will slow down to 3.9% with higher inflation and there will be continued pressure on the exchange rate and current account deficit.

The Asian Development Outlook 2019 – the flagship publication of the Manila-based lending agency – has affirmed all the apprehensions about the flagging economy for at least two years.

“Until macroeconomic imbalances are alleviated, the outlook is for slower growth, higher inflation, pressure on the currency and heavy external financing needed to maintain even a minimal cushion of foreign exchange reserves,” said the report.

The gross domestic product (GDP) growth will decelerate for the second consecutive year and could hit 3.9% in the current fiscal year ending June 30. For the next fiscal year 2019-20, the economic growth could further slow down to 3.6%, it added.

At 3.9% growth rate, Pakistan’s economy will be the sixth slowest growing economy in a bloc of eight South Asian nations.

The ADB noted that average inflation at the end of current fiscal year would be 7.5% due to continued heavy government borrowing from the central bank, hike in domestic gas and electricity tariffs, further increase in regulatory duties on luxury imports and the lagged impact of currency depreciation.

The current account deficit will remain high at 5% of GDP or $14 billion because of a large trade deficit, according to the ADB. However, it will be $5 billion less than the last fiscal year.

Financing the high current account deficit in FY19 will require substantial borrowing and will consume much of the bilateral lending support announced in the early months of 2019 to finance the deficit in balance of payments. The Pakistan Tehreek-e-Insaf (PTI) government has so far obtained loans of $7.2 billion from three friendly countries to avoid default on international debt payments.

Also, the foreign exchange reserves, which dropped to $8.1 billion in February 2019, will likely remain stressed at the end of FY19. The reserves later increased to $10.6 billion after another injection of $2.1 billion by China.

The ADB underlined that macroeconomic stability was needed to create an environment that inspired business confidence and was conducive to investment and trade. Facing twin deficit in fiscal and current accounts, the government has long been bedeviled by difficult policy choices that pitted improved tax revenues against enhanced competitiveness.

The bank predicted that the government would miss its revised budget deficit target of 5.6% of GDP.

Public debt will also remain elevated in the current fiscal year, which increased to 72.5% of GDP by the end of last fiscal year, above the 60% threshold stipulated in the Fiscal Responsibility and Debt Limitation Act.

Finance Minister Asad Umar said on Wednesday the public debt as a percentage of GDP would gradually fall, but it would still remain far above the statutory limit of 60% of GDP.

However, the most worrisome aspect is the slowing of the real economy, which will increase unemployment and poverty in the country.

The ADB said the supply side of the economy was already showing signs of slowdown. Agriculture is expected to underperform and miss the 3.8% growth target after water shortages struck as wet season crops were being sown.

Large-scale manufacturing contracted 1.5% in the first half as domestic demand shrank and rising world prices crimped demand for raw material. The contraction hit all key categories, including a 0.2% decline in textiles. A slowdown in agriculture and industry as domestic demand shrank would keep growth in services subdued, it added.

The ADB stated that the International Monetary Fund (IMF)-backed stabilisation policies and rising inflation were likely to contain growth in private consumption and investment, while public-sector development spending had already slackened. With exchange rate flexibility and declining imports, net exports are expected to contribute to growth.

The government also faces serious problems in managing its budgetary books. Budget expenditure increased 5.5% in the first half of FY19 over the same period a year earlier as current spending rose for interest payments and defence.

Lower revenue collection and higher current expenditure pushed the budget deficit from 2.3% of GDP in the first half of FY18 to 2.7% a year later. This situation will make it a challenge for the government to achieve reduction in the budget deficit it targets for FY19.

The second supplementary budget, adopted on March 6, 2019, without information on the projected deficit, focuses on an economic reform package envisaging incentives and measures to encourage investment and exports, enhance the ease of doing business and strengthen export-oriented activities, added the ADB.

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Pakistani Economic Stress Watch

Postby Peregrine » 04 Apr 2019 17:32

PTI govt banks on IMF to prevent economic havoc - Shahbaz Rana
ISLAMABAD.: The rupee will further plummet against the dollar and new investment will come to a halt if Pakistan does not strike a deal with the International Monetary Fund (IMF), Finance Minister Asad Umar warned on Wednesday.
“Inflation will actually rise more if we don’t enter the IMF programme,” he maintained while addressing a live question and answer session on the state of the country’s economy.
“In case of a no-IMF deal scenario, new investment will cease and the rupee will nosedive against the dollar,” he added.
However, the minister hoped that an agreement would be reached with the IMF soon.
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Pakistani Economic Stress Watch

Postby Peregrine » 04 Apr 2019 18:04

S&P BSE SENSEX

Index Current : 38,684.72 - Pt. Change : -192.40 - % Change : -0.49%

Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,51,04,506.64 - $1 / I R : 69.4075

Market Capitalization of BSE Listed Co. (U S $. ) : 2,176.21 Billion

P S E

Index Current : 37516.11 - Pt. Change : -506.69 - % Change : -1.33%

Market Capitalization of BSE Listed Co. (Rs.Tr.) : 7,628,264,542,659 - $1 / T R : 143.00

Market Capitalization of BSE Listed Co. (U S $.) : 53.35 Billion

B S E : P S E : : 40.79 : 1


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Re: Pakistani Economic Stress Watch

Postby Suraj » 05 Apr 2019 03:53

ADB Asian Development Outlook 2019
TSP has a grim GDP and inflation scenario next 2 years, with inflation running 2x GDP growth rate.

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Re: Pakistani Economic Stress Watch

Postby Vips » 05 Apr 2019 04:19

It is clear to Im the Dimm that by the time he faces the next election there would not be anything worthwhile to show for all the promises that he has made, worse Paki aam abduls and ayeshas are going to bear the brunt of stagflation under a IMF regime. The charsi is going to be very careful who he is going to select as the next army chief as he is going to need another engineered election to win again.

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Re: Pakistani Economic Stress Watch

Postby Bart S » 05 Apr 2019 04:22

Vips wrote:It is clear to Im the Dimm that by the time he faces the next election there would not be anything worthwhile to show for all the promises that he has made, worse Paki aam abduls and ayeshas are going to bear the brunt of stagflation under a IMF regime. The charsi is going to be very careful who he is going to select as the next army chief as he is going to need another engineered election to win again.


Gauging from the way that the media talk shows are turning against him, it is clear that the Army is getting ready to throw him under the bus as the scapegoat for their failed state. Then it will be rinse and repeat, with the next guy blaming the predecessors for all ills, pledging jihad and talking of YYY conspiracy.

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Re: Pakistani Economic Stress Watch

Postby banrjeer » 05 Apr 2019 06:42

For quite some time my daily commute was longer than the distance btw Amritsar & Lahore.

Having a failed state within sneezing distance can be disastrous for India inc, assets, not to speak of our own growth agenda and need for reform.

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Re: Pakistani Economic Stress Watch

Postby Bart S » 05 Apr 2019 06:57

banrjeer wrote:For quite some time my daily commute was longer than the distance btw Amritsar & Lahore.

Having a failed state within sneezing distance can be disastrous for India inc, assets, not to speak of our own growth agenda and need for reform.


When said state is determined to use every ounce of it's capabilities to destroy India, it's failure is a good thing.

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Re: Pakistani Economic Stress Watch

Postby Vivasvat » 05 Apr 2019 08:19

Petrol price high in naPak
https://youtu.be/1btwGScH500

naPak battles to control inflation
https://youtu.be/EbTbq6dJyMg

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Re: Pakistani Economic Stress Watch

Postby A_Gupta » 05 Apr 2019 17:52

https://www.dawn.com/news/1474039
Pakistan’s GDP growth to fall behind Nepal, Maldives this year: UN

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Re: Pakistani Economic Stress Watch

Postby gaurav.p » 05 Apr 2019 18:11

Baki mentality is hinged on Im the Dim as the rescuer of some sorts. The only crown in baki achievements is the 92 world cup. He might be a sly lucky kaptaan but as an administrator he is a populist and hardly an able administrator. Hollow plans, pipedreams, inflection point, hero worship. Seems like a struggling small-cap who is soon going to be delisted. Bureaucracy is broken, establishment rules in consonance, Taliban khan has a compromised value system with dreams of egalitarian utopia.

Neither there is any other alternative. The opposition is not in good terms with the establishment/army. He will remain

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Pakistani Economic Stress Watch

Postby Peregrine » 05 Apr 2019 18:13

banrjeer wrote:For quite some time my daily commute was longer than the distance btw Amritsar & Lahore.

Having a failed state within sneezing distance can be disastrous for India inc, assets, not to speak of our own growth agenda and need for reform.
Bart S wrote:When said state is determined to use every ounce of it's capabilities to destroy India, it's failure is a good thing.
Bart S Ji :

I would remind you about of Pakistan's Destabilization of Afghanistan i.e. Five Million Afghani Refugees in Terroristan.

Think about the effect of Terroristan's Failure-Destabilization will Entail Millions upon Millions of Teroristani Refugees seeking Refuge in India to loud Applause and Cheering by the Indian Sickular Candle Carrying Brigade Wagah as these Terroristanis will not be entertained by China or Afghanistan or Iran!

India should Build a 100 Feet High, Fifty Feet Deep Underground Foundation and 50 Feet Wide Wall all along the India-Terroristan Border to keep out the Tens nay Hundreds of Millions of prospective Refugee Hordes from Pakistan.

Remember : In Reality Pakistani Population has doubled every 20 Years from 1951 to 1972 and 1961 to 1981 as follows :

TABLE-1: AREA & POPULATION OF ADMINISTRATIVE UNITS BY RURAL/URBAN: 1951-1998 CENSUSES

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Pakistani Economic Stress Watch

Postby Peregrine » 05 Apr 2019 19:16

S&P BSE SENSEX

Index Current : 38,862.23 - Pt. Change : +177.51 - % Change : +0.46

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Singha
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Re: Pakistani Economic Stress Watch

Postby Singha » 05 Apr 2019 21:23

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srin
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Re: Pakistani Economic Stress Watch

Postby srin » 05 Apr 2019 21:32

Hmm, seems like they are completely relying on the IMF bailout. We should do everything we can to nuke it.

sudhan
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Re: Pakistani Economic Stress Watch

Postby sudhan » 05 Apr 2019 21:44

Pakis are pretty much shafted economically.. There is nothing but pain in store for them, whichever way they turn..

Just scratching the surface of their economic mismanagement story makes my eye water.. no one cares for basics and economic fundamentals there.. everything will be taken care of, as long as you scream AoA loud enough.. such a nation with painfully incompetent rulers was allowed to survive.. speaks volumes about the support they have received through out their miserable existence..

Peregrine
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Pakistani Economic Stress Watch

Postby Peregrine » 06 Apr 2019 00:37

Finance minister rules out further rupee devaluation - Salman Siddique

KARACHI: Finance Minister Asad Umar on Friday ruled out the need for further devaluation of the Pakistani rupee as the currency stands at equilibrium.

“The International Monetary Fund (IMF) has made no demand for rupee devaluation,” Umar clarified categorically while addressing at Pakistan Stock Exchange (PSX) through online video conference.

The rupee was overvalued at Rs127 in January. This was the Real Effective Exchange Rate (REER).

SBP official rules out further depreciation of rupee

“Today, the State Bank of Pakistan (SBP) has clarified the rupee is standing at equilibrium,” he said. Dismissing reports of further devaluation, he added: “Stop circulating rumors that Asam Umar has said rupee would depreciate to 160 or 180.”

The finance minister’s statement came after the rupee depreciated 1.8% – or Rs2.55 to Rs141.39 – to the US dollar in the past four weeks.

The Pakistani Tehreek-e-Insaf (PTI) minister encouraged people to invest in stock rather than dollars. The next budget would introduce measures which would help projecting capital market to a historical high.

Umar said the federal government has taken tough decisions to make Pakistan a part of the world economy. Urging people to cope with the current challenges, he said the situation was due to corrective measures taken by the government to improve the economy. “These will bear fruits in shape of foreign investment in good time,” he asserted.

“Pakistan’s documented economy size is $300-350 billion. It has to be part of the world $70 trillion economies,” he said and stressed on the increase in exports. Liar Lair Pants on Fire - This Link states External Debt and Liabilities - Outstanding Provisional Billion US$ in Billions in GDP (Current Market Price) US$ 277.206 Billion!

Gold touches new peak at Rs72,200 per tola

Umar’s comments follow a statement by the State Bank of Pakistan’s Banking Policy and Regulations Group Executive Director Syed Irfan Ali saying that the rupee will not depreciate against the US dollar anymore, with the government making six major foreign payments last week.

The statement was released by the Pakistan Forex Association after the central bank official met a delegation of currency dealers.

“The government has no intentions of letting the rupee lose more value,” he was quoted. “The rupee may go down at times when the demand for the dollars increases. However, that would be a temporary phenomenon as the rupee would later recover against the dollar.”

The six major payments include the one for imported crude oil that makes about one-fourth of the total import bill of an average $4.4 billion a month, forex association president Malik Bostan told The Express Tribune.

The government has allowed the local currency to depreciate by 1.8%, or Rs2.55, to Rs141.39 against the dollar in the inter-bank market in four weeks since March 8. Cumulatively, the rupee has dropped 33.7% in a free-fall against the US dollar since December 2017.

Accordingly, the rupee fell to Rs143 against the greenback in the open market.

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Peregrine
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Pakistani Economic Stress Watch

Postby Peregrine » 06 Apr 2019 02:32

Broken promises – Editorial

As broken promises go, Wednesday’s announcement by the finance minister was a doozy. The “PTI will free Pakistan from the IMF” has turned into “the sky will fall if the IMF doesn’t help us”. To be more precise, Asad Umar has claimed that inflation would rise even further, new investment would dry up, and the dollar would continue to soar if the government did not approach the IMF. That just about covers everything that can go wrong with an economy.

Umar defended the PTI’s economic measures thus far, claiming that correcting the plethora of problems needed serious and immediate solutions, along with medium and longer-term ones. He then drew an analogy between surgery and fixing the economy. “It seems [to observers] that [the patient] has been cut open by a man with a knife, but the fact is that [the patient] is being operated on by a surgeon.” To this, one must ask, was the surgery necessary, or were there other options? Was the surgeon qualified, or was he trying to perform beyond his capabilities? Was the patient anesthetised or did the cut come without warning?

Then there is the tax amnesty scheme. The PTI government is touting the benefits of something that is essentially a carbon copy of the kind of proposal that Imran Khan had opposed when it was presented by a previous government, down to the ineligibility of bureaucrats and politicians. As for the impact of high inflation, two excuses have been presented. One is that it was due to the government’s austerity measures which were necessary to keep the economy afloat. And the other is that this time the inflation has been borne mostly by the rich, and not the poor like in the past.

The minister seems unaware that the rates of vegetables have gone up 24% this month and 28% this year. Besides, the rate of Moong daal is up 12% this month and 23% this year. And natural gas has been costlier by 85% this year.The doctor is apparently unfamiliar with the dietary habits of his patients, especially the poor ones.

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bhavani
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Re: Pakistani Economic Stress Watch

Postby bhavani » 06 Apr 2019 09:25

What would happen if inflation touches 50-60% and PKR falls to 200 vs Dollar. I would think there will be streams of refugees towards India. How would be react in such a scenario?

nachiket
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Re: Pakistani Economic Stress Watch

Postby nachiket » 06 Apr 2019 09:29

bhavani wrote:What would happen if inflation touches 50-60% and PKR falls to 200 vs Dollar. I would think there will be streams of refugees towards India. How would be react in such a scenario?

There is a thread for such discussions: viewtopic.php?f=1&t=7680&start=360

Aditya_V
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Re: Pakistani Economic Stress Watch

Postby Aditya_V » 06 Apr 2019 10:30

bhavani wrote:What would happen if inflation touches 50-60% and PKR falls to 200 vs Dollar. I would think there will be streams of refugees towards India. How would be react in such a scenario?


Given they way they are Islamised , they will probably fight and go westwards through Afganistan, Iran , Turkey to Europe by hook or crook, Some firing by BSF will keep them in check.


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