Pakistani Economic Stress Watch
Pakistani Economic Stress Watch
S&P BSE SENSEX
Index Current : 41,055.69 - Pt. Change : -202.05 - % Change : -0.49
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,57,35,893.37 - $ 1 / I N R = 71.3425
Market Capitalization of BSE Listed Co. (U S $.) : 2,205.68 Billion
P S E
Current Index : 40,276.93 – Change : 33.67 - % Change : 0.08% - High : 40,521.69 – Low : 40,047.93
Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,560,041,132,228 - $ 1 / T R = 154.40
Market Capitalization of PSE Listed Co. (U S $.) : 48.96 Billion
B S E : P S E : : 45.05 : 1
Cheers
Index Current : 41,055.69 - Pt. Change : -202.05 - % Change : -0.49
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,57,35,893.37 - $ 1 / I N R = 71.3425
Market Capitalization of BSE Listed Co. (U S $.) : 2,205.68 Billion
P S E
Current Index : 40,276.93 – Change : 33.67 - % Change : 0.08% - High : 40,521.69 – Low : 40,047.93
Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,560,041,132,228 - $ 1 / T R = 154.40
Market Capitalization of PSE Listed Co. (U S $.) : 48.96 Billion
B S E : P S E : : 45.05 : 1
Cheers
Pakistani Economic Stress Watch
X Posted on the Terroristan Thread
‘No prior action required’ to secure third IMF tranche, finance ministry reacts to media report - Tahir Sherani
The finance ministry on Monday dispelled reports that "tough prior actions" were needed before Pakistan could secure the third tranche of Rs452 million from the International Monetary Fund (IMF).
On Sunday, The News had reported that the government will have to "take prior actions by placing a viable fiscal adjustment plan, hiking gas and power tariff and ensuring Chinese loans rollover in order to strike a staff-level agreement with the IMF".
In an official statement released on Monday, the finance ministry said: "It is completely normal for quarterly reviews to take a few more days than planned, which must never be viewed as something extraordinary."
"The second and third quarterly reviews will be presented before the IMF board separately as planned. No decision has been taken as to any prior actions. China is Pakistan’s brother and there is no apprehension whatsoever on the roll-over/refinancing of Chinese loans," the statement added.
The ministry explained that the IMF team had "constructive and productive discussions" with Pakistani authorities and commended Pakistan on the progress made during the last few months regarding "advancing reforms and continuing with sound economic policies".
"All the performance criteria [for the end of December] were met, and structural benchmarks have been completed. The finance division would like to make it very clear that the government’s reform programme supported by the IMF’s extended fund facility is on track," it added.
The finance ministry statement added that the news report suggesting prior action was needed is "ill-conceived in trying to portray that only a miracle can save the IMF programme".
Cheers
‘No prior action required’ to secure third IMF tranche, finance ministry reacts to media report - Tahir Sherani
The finance ministry on Monday dispelled reports that "tough prior actions" were needed before Pakistan could secure the third tranche of Rs452 million from the International Monetary Fund (IMF).
On Sunday, The News had reported that the government will have to "take prior actions by placing a viable fiscal adjustment plan, hiking gas and power tariff and ensuring Chinese loans rollover in order to strike a staff-level agreement with the IMF".
In an official statement released on Monday, the finance ministry said: "It is completely normal for quarterly reviews to take a few more days than planned, which must never be viewed as something extraordinary."
"The second and third quarterly reviews will be presented before the IMF board separately as planned. No decision has been taken as to any prior actions. China is Pakistan’s brother and there is no apprehension whatsoever on the roll-over/refinancing of Chinese loans," the statement added.
The ministry explained that the IMF team had "constructive and productive discussions" with Pakistani authorities and commended Pakistan on the progress made during the last few months regarding "advancing reforms and continuing with sound economic policies".
"All the performance criteria [for the end of December] were met, and structural benchmarks have been completed. The finance division would like to make it very clear that the government’s reform programme supported by the IMF’s extended fund facility is on track," it added.
The finance ministry statement added that the news report suggesting prior action was needed is "ill-conceived in trying to portray that only a miracle can save the IMF programme".
Cheers
Pakistani Economic Stress Watch
The cost of IMF dollars - Syed Asif Ali
It’s not a confusing mathematical word problem. It’s simple arithmetic. If you go for fiscal tightening – by cutting down the volume of imports to tackle current account deficit and putting a cap on spending to tackle budget deficit – your tax collection is bound to fall.
It does not make even a shred of economic sense as to why our economic wizards agreed with the IMF to raise the tax collection target by a mammoth 39% – to Rs5,555 billion for the ongoing fiscal year from Rs4,398 billion in the preceding one – at a time when they were exercising austerity and pursuing fiscal discipline to achieve economic stabilisation.
Does that mean the incumbent government’s economic managers are devoid of common economic sense? Well, that can’t be so. What then prompted the government into agreeing to simultaneously slow down the economy and raising the tax target to an insurmountable level – simply ignoring that the two incompatible conditions are increasingly likely to cause a revenue shortfall and consequently add to the tax burden on the common man?
In fact, a combination of factors forced the PTI government into accepting the harsh IMF conditions in lieu of the $6 billion loan. Lack of experience at the negotiating table was definitely one factor that resulted in the government succumbing to the IMF diktats. Next up: Prime Minister Imran Khan seemed expecting his honest and reputed self to magnetise generous inflows from the nearly nine million-strong expatriate community, both as investment in commercial projects as well as doles for public welfare initiatives like the dam(ned) fund. The PM, thus, delayed approaching the IMF, thereby squeezing the negotiating space for his economic team. And then there was a balance-of-payments crisis to the tune of $12 billion that stood tall and threatening after monetary assistance from “friendly” countries had melted away like a snowman in the sun.
Thus came the bailout agreement with the IMF under which the PTI government also consented to a market-determined currency exchange rate, apart from the hefty tax target. For a developing country struggling to earn foreign exchange and running into high external debts, foregoing control on the exchange rate adjustment tool so easily does warrant debate – well, a serious one. And the knock-on effect of the bold move was there pretty soon: the dollar winged into the highs never ventured earlier, not only adding to the volume of external debts by about 30%, but also enlarging the budget deficit due to rise in the cost of debt servicing.
Let’s now see how these two IMF conditionalities – i.e. the unrealistic tax target and the free-floating exchange rate – fell in conflict with each other, terribly affecting government’s economic pursuits and wreaking havoc with the home budgets.
The government adopted the free-floating exchange rate regime with the stated aim of encouraging exports and improving, thereby, the current account balance position. But the steps it took in pursuit of its overambitious tax target turned out to be big irritants to growth in the exports sector itself. How so? In fact, the repeated increases in the power and gas tariffs to make up for the revenue shortfall jacked up the cost of production, besides causing a rise in inflation. And to offset the impact of inflation, the government raised the interest rate, almost doubling it in its 18 months of rule so far, propelling the cost of working capital in the process. As if all this was not enough to demotivate manufacturers and exporters, it also withdrew the zero rating facility on exports. The result? Neither did the exports grow nor was the tax target reached. The real economy, the one that concerns the common man, stands messed-up too, with food inflation having galloped past 23% and utilities’ charges getting unbearable.
IMF programme is, by definition, anti-growth and calls for steps to do away with macroeconomic imbalances. But it was the government’s weak negotiations that hugely added to the usual impact of an IMF programme.
Cheers
It’s not a confusing mathematical word problem. It’s simple arithmetic. If you go for fiscal tightening – by cutting down the volume of imports to tackle current account deficit and putting a cap on spending to tackle budget deficit – your tax collection is bound to fall.
It does not make even a shred of economic sense as to why our economic wizards agreed with the IMF to raise the tax collection target by a mammoth 39% – to Rs5,555 billion for the ongoing fiscal year from Rs4,398 billion in the preceding one – at a time when they were exercising austerity and pursuing fiscal discipline to achieve economic stabilisation.
Does that mean the incumbent government’s economic managers are devoid of common economic sense? Well, that can’t be so. What then prompted the government into agreeing to simultaneously slow down the economy and raising the tax target to an insurmountable level – simply ignoring that the two incompatible conditions are increasingly likely to cause a revenue shortfall and consequently add to the tax burden on the common man?
In fact, a combination of factors forced the PTI government into accepting the harsh IMF conditions in lieu of the $6 billion loan. Lack of experience at the negotiating table was definitely one factor that resulted in the government succumbing to the IMF diktats. Next up: Prime Minister Imran Khan seemed expecting his honest and reputed self to magnetise generous inflows from the nearly nine million-strong expatriate community, both as investment in commercial projects as well as doles for public welfare initiatives like the dam(ned) fund. The PM, thus, delayed approaching the IMF, thereby squeezing the negotiating space for his economic team. And then there was a balance-of-payments crisis to the tune of $12 billion that stood tall and threatening after monetary assistance from “friendly” countries had melted away like a snowman in the sun.
Thus came the bailout agreement with the IMF under which the PTI government also consented to a market-determined currency exchange rate, apart from the hefty tax target. For a developing country struggling to earn foreign exchange and running into high external debts, foregoing control on the exchange rate adjustment tool so easily does warrant debate – well, a serious one. And the knock-on effect of the bold move was there pretty soon: the dollar winged into the highs never ventured earlier, not only adding to the volume of external debts by about 30%, but also enlarging the budget deficit due to rise in the cost of debt servicing.
Let’s now see how these two IMF conditionalities – i.e. the unrealistic tax target and the free-floating exchange rate – fell in conflict with each other, terribly affecting government’s economic pursuits and wreaking havoc with the home budgets.
The government adopted the free-floating exchange rate regime with the stated aim of encouraging exports and improving, thereby, the current account balance position. But the steps it took in pursuit of its overambitious tax target turned out to be big irritants to growth in the exports sector itself. How so? In fact, the repeated increases in the power and gas tariffs to make up for the revenue shortfall jacked up the cost of production, besides causing a rise in inflation. And to offset the impact of inflation, the government raised the interest rate, almost doubling it in its 18 months of rule so far, propelling the cost of working capital in the process. As if all this was not enough to demotivate manufacturers and exporters, it also withdrew the zero rating facility on exports. The result? Neither did the exports grow nor was the tax target reached. The real economy, the one that concerns the common man, stands messed-up too, with food inflation having galloped past 23% and utilities’ charges getting unbearable.
IMF programme is, by definition, anti-growth and calls for steps to do away with macroeconomic imbalances. But it was the government’s weak negotiations that hugely added to the usual impact of an IMF programme.
Cheers
Pakistani Economic Stress Watch
S&P BSE SENSEX
Index Current : 40,894.38 - Pt. Change : -161.31 - % Change : -0.39
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,56,65,941.87 - $ 1 / I N R = 71.5800
Market Capitalization of BSE Listed Co. (U S $.) : 2,188.59 Billion
P S E
Current Index : 40,175.35 – Change : -101.58 - % Change : -0.25% - High : 40,600.80 – Low : 40,065.86
Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,507.238,391,086 - $ 1 / T R = 154.5011
Market Capitalization of PSE Listed Co. (U S $.) : 48.59 Billion
B S E : P S E : : 45.04 : 1
Cheers
Index Current : 40,894.38 - Pt. Change : -161.31 - % Change : -0.39
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,56,65,941.87 - $ 1 / I N R = 71.5800
Market Capitalization of BSE Listed Co. (U S $.) : 2,188.59 Billion
P S E
Current Index : 40,175.35 – Change : -101.58 - % Change : -0.25% - High : 40,600.80 – Low : 40,065.86
Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,507.238,391,086 - $ 1 / T R = 154.5011
Market Capitalization of PSE Listed Co. (U S $.) : 48.59 Billion
B S E : P S E : : 45.04 : 1
Cheers
Re: Pakistani Economic Stress Watch
Pakis write big as if aam Abdul will think twice before swallowing down non veg. What are standards of being second fastest growing veg country. It is like Syed Ali mia writing article above pretending to be not paying back in the first place without telling so and blaming bad negotiation skills.second-fastest growing vegetarian country in the world. Analysts say high inflation is impacting the food patterns of many Pakistanis, compelling them to give up eating meat.
Pakistani Economic Stress Watch
S&P BSE SENSEX
Index Current : 41,170.12 - Pt. Change : -152.88 - % Change : - 0.37 %
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,58,50,719.62 - $ 1 / I N R : 71.6750
Market Capitalization of BSE Listed Co. (U S $.) : 2,211.47 Billion
P S E
Current Index : 40,481.65 – Change : -92.87 - % Change : -0.23% - High : 40,697.05 – Low : 40,445.78
Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,564,142,741,243 - $ 1 / T R : 154.4674
Market Capitalization of PSE Listed Co. (U S $.) : 48.97 Billion
B S E : P S E : : 45.16 : 1
Cheers
Index Current : 41,170.12 - Pt. Change : -152.88 - % Change : - 0.37 %
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,58,50,719.62 - $ 1 / I N R : 71.6750
Market Capitalization of BSE Listed Co. (U S $.) : 2,211.47 Billion
P S E
Current Index : 40,481.65 – Change : -92.87 - % Change : -0.23% - High : 40,697.05 – Low : 40,445.78
Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,564,142,741,243 - $ 1 / T R : 154.4674
Market Capitalization of PSE Listed Co. (U S $.) : 48.97 Billion
B S E : P S E : : 45.16 : 1
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Pakistani Economic Stress Watch
Pakistan's Debt and Liabilities Profile Provisional(In Billion Rupees) - Q2FY20P
Pakistan's Total Debt and Liabilities (I +II) : 40,993.5 Billion Pk. Rupees
GDP (current market price) : 43,585.0 Billion Pk. Rupees
Pakistan Debt : Pakistan GDP = 94.05%
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Pakistan's Total Debt and Liabilities (I +II) : 40,993.5 Billion Pk. Rupees
GDP (current market price) : 43,585.0 Billion Pk. Rupees
Pakistan Debt : Pakistan GDP = 94.05%
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Re: Pakistani Economic Stress Watch
Also No mention of FATF outcomes in any of Paki newspapers (Albeit the final decision is on Friday meeting)
https://timesofindia.indiatimes.com/wor ... 219895.cms
If the 'Toiletstan' continues of Grey List what are the implications for the disbursement of the further tranche from IMF??
https://timesofindia.indiatimes.com/wor ... 219895.cms
If the 'Toiletstan' continues of Grey List what are the implications for the disbursement of the further tranche from IMF??
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Re: Pakistani Economic Stress Watch
Only in the land of pure
https://www.dawn.com/news/1535358/umar- ... ant-racket
LAHORE: A joint team of the Federal Investigation Agency (FIA) and the Human Organ Transplant Authority (HOTA) on Tuesday raided the house of transplant surgeon Dr Fawad Mumtaz in Bahria Town, Lahore, when it transpired that known comedian Umar Sharif’s daughter died from serious complications after he carried out her allegedly ‘illegal kidney transplant’ at an undisclosed location in Azad Jammu & Kashmir.
https://www.dawn.com/news/1535358/umar- ... ant-racket
LAHORE: A joint team of the Federal Investigation Agency (FIA) and the Human Organ Transplant Authority (HOTA) on Tuesday raided the house of transplant surgeon Dr Fawad Mumtaz in Bahria Town, Lahore, when it transpired that known comedian Umar Sharif’s daughter died from serious complications after he carried out her allegedly ‘illegal kidney transplant’ at an undisclosed location in Azad Jammu & Kashmir.
Re: Pakistani Economic Stress Watch
After Ardogan's visit, Porkis are that Pakistanis are being targeted by Saudi Arabia for deportation as a retaliatory measure.
Last edited by Vips on 21 Feb 2020 00:49, edited 1 time in total.
Re: Pakistani Economic Stress Watch
So the Turks just did tuqia(-within) after offering free visits on tourist papers and such. Ardogan isn't all arrogance but less turbulent than total riot loving comeuppance.
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Re: Pakistani Economic Stress Watch
Only NK and Iran are on the black list. TSP will remain on the grey list.Rsatchi wrote:Also No mention of FATF outcomes in any of Paki newspapers (Albeit the final decision is on Friday meeting)
https://timesofindia.indiatimes.com/wor ... 219895.cms
If the 'Toiletstan' continues of Grey List what are the implications for the disbursement of the further tranche from IMF??
Re: Pakistani Economic Stress Watch
vishvak wrote:So the Turks just did tuqia(-within) after offering free visits on tourist papers and such. Ardogan isn't all arrogance but less turbulent than total riot loving comeuppance.
There is a video in the link, below, its the president of Turkmenistan, talking about turks " they lie to your face and kick you on your back"
https://www.youtube.com/watch?v=Q1AOK8N9imw
Pakistanis think, they alone are the biggest scammers? Wait till they travel to isthanbul!
Re: Pakistani Economic Stress Watch
Just a couple of months saw a talk show where the participants were that Pakistan got conscessional access to EU for its exports but Turkey is consistently denying access to their Textiles in its markets
Pakistani Economic Stress Watch
S&P BSE SENSEX
Index Current : 41,170.12 - Pt. Change : -152.88 - % Change : -0.37%
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,58,50,719.62 - $ 1 / I N R = 71.6750
Market Capitalization of BSE Listed Co. (U S $.) : 2,211.47 Billion
P S E
Current Index : 40,249.22 – Change : -232.43 - %Change : -0.58% - High : 40,527.08 – Low : 40,171.10
Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,530,971,422,106 - $ 1 / T R = 154.4198
Market Capitalization of PSE Listed Co. (U S $.) : 48.77 Billion
B S E : P S E : : 45.35 : 1
Cheers
Index Current : 41,170.12 - Pt. Change : -152.88 - % Change : -0.37%
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,58,50,719.62 - $ 1 / I N R = 71.6750
Market Capitalization of BSE Listed Co. (U S $.) : 2,211.47 Billion
P S E
Current Index : 40,249.22 – Change : -232.43 - %Change : -0.58% - High : 40,527.08 – Low : 40,171.10
Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,530,971,422,106 - $ 1 / T R = 154.4198
Market Capitalization of PSE Listed Co. (U S $.) : 48.77 Billion
B S E : P S E : : 45.35 : 1
Cheers
Re: Pakistani Economic Stress Watch
http://a.msn.com/01/en-gb/BB10fjqO?ocid=se
Pak on grey list but with August company:Jamaica Barbados Myanmar Uganda Mauritius take that u evil yindoo
Eyeranians and Kim Ding Dong is still on blacklist
If Napak is upgraded to Black will still be in great company (all nuklear blackmailers)
Pak on grey list but with August company:Jamaica Barbados Myanmar Uganda Mauritius take that u evil yindoo
Eyeranians and Kim Ding Dong is still on blacklist
If Napak is upgraded to Black will still be in great company (all nuklear blackmailers)
Re: Pakistani Economic Stress Watch
Why myanmar?Rsatchi wrote:http://a.msn.com/01/en-gb/BB10fjqO?ocid=se
Pak on grey list but with August company:Jamaica Barbados Myanmar Uganda Mauritius take that u evil yindoo
Eyeranians and Kim Ding Dong is still on blacklist
If Napak is upgraded to Black will still be in great company (all nuklear blackmailers)
Re: Pakistani Economic Stress Watch
GDP is bound to take a hit when the population whiles away it's time romancing goats
GSDP of Gujarat : $240 billion 2019-20
GDP of Pakistan : $284 billion 2019-20
Population of Gujarat : 6.27 crore (2020 estimates)
Population of Pakistan : 21.9 crore (2020 estimates)
Re: Pakistani Economic Stress Watch
Tug of war between Imran Khan and World Bank imposed Finance Minister Hafeez Shaikh regarding approval for expenses.
Even banana republic's would be better. Paki PM has to follow diktats of his own finance minister for getting Money approved for policy matters
Even banana republic's would be better. Paki PM has to follow diktats of his own finance minister for getting Money approved for policy matters
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Re: Pakistani Economic Stress Watch
I would bet in 20-21 Gujarat GDP may match that of TSP due to growth of the state and TSP’s currency devaluation.chetak wrote:GDP is bound to take a hit when the population whiles away it's time romancing goats
GSDP of Gujarat : $240 billion 2019-20
GDP of Pakistan : $284 billion 2019-20
Population of Gujarat : 6.27 crore (2020 estimates)
Population of Pakistan : 21.9 crore (2020 estimates)
Re: Pakistani Economic Stress Watch
Dimran Khan Niazi has solved the economic problems of Pakistan by giving away buffaloes:
https://www.dawn.com/news/1535928/pakis ... isis-imran
Pakistan has come out of economic crisis: Imran
Malik Tahseen Raza | Fareedullah Chaudhry, February 22, 2020
LAYYAH / MUZAFFARGARH: Prime Minister Imran Khan on Friday launched the ‘Ehsaas Aamdan’ programme by distributing assets such as agricultural equipment, retail shop inputs and livestock worth Rs60,000 among 10 beneficiaries selected on the basis of poverty cards here at the sports complex.
While addressing a simple ceremony, the prime minister announced that Pakistan was on the brink of default when the PTI government took over but the country had finally come out of the economic crisis as the current account deficit had been minimised and the rupee value was sound in the market. He added that he was also keeping a check on the price hike.
He said his government was trying hard to make Pakistan a welfare state as no country could develop if the rich became richer and the poor turned poorer. Citing the example of China where 700 million people living below the poverty line had been uplifted, he said the Ehsaas Aamdan programme would create opportunities for the poorest of the poor to earn and increase their income in a respectable manner.
....
Gautam
https://www.dawn.com/news/1535928/pakis ... isis-imran
Pakistan has come out of economic crisis: Imran
Malik Tahseen Raza | Fareedullah Chaudhry, February 22, 2020
LAYYAH / MUZAFFARGARH: Prime Minister Imran Khan on Friday launched the ‘Ehsaas Aamdan’ programme by distributing assets such as agricultural equipment, retail shop inputs and livestock worth Rs60,000 among 10 beneficiaries selected on the basis of poverty cards here at the sports complex.
While addressing a simple ceremony, the prime minister announced that Pakistan was on the brink of default when the PTI government took over but the country had finally come out of the economic crisis as the current account deficit had been minimised and the rupee value was sound in the market. He added that he was also keeping a check on the price hike.
He said his government was trying hard to make Pakistan a welfare state as no country could develop if the rich became richer and the poor turned poorer. Citing the example of China where 700 million people living below the poverty line had been uplifted, he said the Ehsaas Aamdan programme would create opportunities for the poorest of the poor to earn and increase their income in a respectable manner.
....
Gautam
Re: Pakistani Economic Stress Watch
Governor state ban of pakistan, on Exports?
and these porks, make fun of our exports of 360 bn USD.
And, he has done the most foolish thing of all...3.5 BN of hot money has been brought in as T Bills, carrying an interest rate of 13.5% in dollars!
In this day and age? who pays interest of 13% in dollarhs?
and these porks, make fun of our exports of 360 bn USD.
https://www.thenews.com.pk/print/617280 ... reza-baqirGovernor State Bank of Pakistan (SBP) Reza Baqir on Thursday said Pakistan stood with Afghanistan, Sudan, Yemen and Ethiopia in terms of exports adding that with this trend, no country could be run successfully.
And, he has done the most foolish thing of all...3.5 BN of hot money has been brought in as T Bills, carrying an interest rate of 13.5% in dollars!
In this day and age? who pays interest of 13% in dollarhs?
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Re: Pakistani Economic Stress Watch
NOW BREAKING! PAKISTAN WINS HUGE VICTORY AT FATF. INDIA SUFFERS HUMILIATING DEFEAT!!
Pakistan manages to stay the cynosure of all FATF eyes: to stay on Grey List
Pakistan manages to stay the cynosure of all FATF eyes: to stay on Grey List
Re: Pakistani Economic Stress Watch
g.sarkar wrote:Dimran Khan Niazi has solved the economic problems of Pakistan by giving away buffaloes:
https://www.dawn.com/news/1535928/pakis ... isis-imran
Pakistan has come out of economic crisis: Imran
Paki TV programs stating that Imran is giving away 1 cow, 1 buffalo and 1 goat to Paki wimmens. Will probably result in Paki mens going after the goat rather than the wimmens.
Re: Pakistani Economic Stress Watch
Maybe it is a family planning program?Bart S wrote: Paki TV programs stating that Imran is giving away 1 cow, 1 buffalo and 1 goat to Paki wimmens. Will probably result in Paki mens going after the goat rather than the wimmens.
Gautam
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Re: Pakistani Economic Stress Watch
Har har and double har
Re: Pakistani Economic Stress Watch
Probably after Rohingya problems??chetonzz wrote:Why myanmar?Rsatchi wrote:http://a.msn.com/01/en-gb/BB10fjqO?ocid=se
Pak on grey list but with August company:Jamaica Barbados Myanmar Uganda Mauritius take that u evil yindoo
Eyeranians and Kim Ding Dong is still on blacklist
If Napak is upgraded to Black will still be in great company (all nuklear blackmailers)
Pakistani Economic Stress Watch
S&P BSE SENSEX
Index Current : 40,281.20 - Pt. Change : -82.03 - % Change : -0.20 %
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,54,81,921.55 - $ 1 / I N R = 71.89
Market Capitalization of BSE Listed Co. (U S $.) : 2,153.56 Bilion
P S E
Current Index : 38,858.45 – Change : -285.28 - % Change : -0.73% - High : 39,247.75 – Low :38,693.02
Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,294,063,008,029 – $ 1 / T R = 154.4272
Market Capitalization of BSE Listed Co. (U S $.) : 45.23 Billion
B S E : P S E : : 45.59 : 1
Cheers
Index Current : 40,281.20 - Pt. Change : -82.03 - % Change : -0.20 %
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,54,81,921.55 - $ 1 / I N R = 71.89
Market Capitalization of BSE Listed Co. (U S $.) : 2,153.56 Bilion
P S E
Current Index : 38,858.45 – Change : -285.28 - % Change : -0.73% - High : 39,247.75 – Low :38,693.02
Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,294,063,008,029 – $ 1 / T R = 154.4272
Market Capitalization of BSE Listed Co. (U S $.) : 45.23 Billion
B S E : P S E : : 45.59 : 1
Cheers
Pakistani Economic Stress Watch
World Bank delays two of Pakistan's budgetary support loans - Shahbaz Rana
CheersISLAMABAD: The World Bank has delayed the approval of two budgetary support loans worth $750 million due to lack of progress on some of the agreed prior conditions, including disagreement among provinces over harmonisation of the general sales tax (GST) on services.
Pakistani Economic Stress Watch
Charges piling up on Chinese goods at Pakistani ports - Our Correspondent
CheersKARACHI: A ban on imports from China, slapped by the government in order to prevent the spread of coronavirus to Pakistan, has resulted in imposition of “unfair” demurrages on importers whose merchandise is waiting for clearance at Pakistani ports.
Re: Pakistani Economic Stress Watch
Peregrine wrote:Charges piling up on Chinese goods at Pakistani ports - Our CorrespondentCheersKARACHI: A ban on imports from China, slapped by the government in order to prevent the spread of coronavirus to Pakistan, has resulted in imposition of “unfair” demurrages on importers whose merchandise is waiting for clearance at Pakistani ports.
A good idea. Actually a very good one to be used by India against China if they act stupid, Corona or not , it is not going anywhere soon
Re: Pakistani Economic Stress Watch
All the big talk and walking around in mob like bodyguards and then that virus transmitted like flu hits.
Pakistani Economic Stress Watch
Halt to Pak-India trade forces several out of work - Asif Mehmood
LAHORE: In the wake of ongoing crisis plaguing Indian-occupied Kashmir (IOK), tense relations between India and Pakistan have led to a halt to bilateral trade between the two countries.
Six months into the crisis, the suspension of trade through the Wagah-Attari border has stopped the flow of state revenue and left thousands who rested on cross-border trade for their livelihood, unemployed.
CheersFollowing the Pulwama attack, India had introduced 200% duty on the import of commercial goods and withdrew the Most Favored Nation (MFN) status of Pakistan. However, in August 2019, when India abolished the special status given to IOK, Pakistan in retaliation suspended all trade relations with the neighbouring country, rendering thousands out of work on either side of the border.
Pakistani Economic Stress Watch
Ten questions
First question: The Monthly Review on Price Indices by the Pakistan Bureau of Statistics (PBS) states that over the past 12 months the prices of ‘perishable food items’ have gone by a hefty 78 percent. Can the government please explain why the prices of perishable food items have gone up an unprecedented 78 percent?
Question 2: The prices of ‘perishable food items’ in rural areas have gone up by 90 percent. Can the government please explain why the prices of perishable food items have gone up by 90 percent in rural areas?
Question 3: The government allowed the export of 470,322 tons of wheat (July-Jan 2018-19). Now the government has decided to import 500,000 tons of wheat. Why? The government allowed the export of 276,000 tons of sugar (July-Jan 2018-19). Now the government has decided to import 300,000 tons of sugar. Why?
Question 4: When the PML-N left, the price of flour was Rs44 a kilogram. Our honourable Minister of National Food Security and Research Makhdoom Khusro Bukhtiar told us that there is ‘sufficient wheat stock to meet all our needs’. Why did the price of flour go up to Rs70 a kilogram?
Question 5: Fourteen months ago, the price of sugar stood at Rs53 a kilogram. The price has since jumped to Rs80 a kilogram, a 50 percent increase. Why has the price jumped from Rs53 a kilogram to Rs80 per kilogram in the past fourteen months?
Question 6: The PTI’s manifesto under chapter 3 promised to “alleviate poverty across Pakistan”. For the record, over the past year, around 8 million Pakistanis have dropped below the line of poverty. Can the government please explain why that has happened?
Question 7: The PTI’s manifesto under chapter 4 had pledged to “create 10 million jobs and strengthen the labor market”. Over the past year, around a million Pakistanis have lost their jobs. Can the government please explain why that has happened?
Question 8: Over the past six weeks, the OPEC basket price has dropped from $71 a barrel to $54 a barrel, a 24 percent decline. Will the price of petrol and diesel now come down by around Rs20 a liter?
Question 9: The PTI’s manifesto released in 2018 had promised to “depoliticize and strengthen police”. Has the process of depoliticizing and strengthening of the police begun? If not, why not?
Question 10: Other promises made in chapter 4 of the manifesto include ‘reforming FBR, fixing Pakistan’s energy challenge, transforming key economic institutions and reforming government procurement (chapter 2)’. Would the government please share the progress?
Cheers
First question: The Monthly Review on Price Indices by the Pakistan Bureau of Statistics (PBS) states that over the past 12 months the prices of ‘perishable food items’ have gone by a hefty 78 percent. Can the government please explain why the prices of perishable food items have gone up an unprecedented 78 percent?
Question 2: The prices of ‘perishable food items’ in rural areas have gone up by 90 percent. Can the government please explain why the prices of perishable food items have gone up by 90 percent in rural areas?
Question 3: The government allowed the export of 470,322 tons of wheat (July-Jan 2018-19). Now the government has decided to import 500,000 tons of wheat. Why? The government allowed the export of 276,000 tons of sugar (July-Jan 2018-19). Now the government has decided to import 300,000 tons of sugar. Why?
Question 4: When the PML-N left, the price of flour was Rs44 a kilogram. Our honourable Minister of National Food Security and Research Makhdoom Khusro Bukhtiar told us that there is ‘sufficient wheat stock to meet all our needs’. Why did the price of flour go up to Rs70 a kilogram?
Question 5: Fourteen months ago, the price of sugar stood at Rs53 a kilogram. The price has since jumped to Rs80 a kilogram, a 50 percent increase. Why has the price jumped from Rs53 a kilogram to Rs80 per kilogram in the past fourteen months?
Question 6: The PTI’s manifesto under chapter 3 promised to “alleviate poverty across Pakistan”. For the record, over the past year, around 8 million Pakistanis have dropped below the line of poverty. Can the government please explain why that has happened?
Question 7: The PTI’s manifesto under chapter 4 had pledged to “create 10 million jobs and strengthen the labor market”. Over the past year, around a million Pakistanis have lost their jobs. Can the government please explain why that has happened?
Question 8: Over the past six weeks, the OPEC basket price has dropped from $71 a barrel to $54 a barrel, a 24 percent decline. Will the price of petrol and diesel now come down by around Rs20 a liter?
Question 9: The PTI’s manifesto released in 2018 had promised to “depoliticize and strengthen police”. Has the process of depoliticizing and strengthening of the police begun? If not, why not?
Question 10: Other promises made in chapter 4 of the manifesto include ‘reforming FBR, fixing Pakistan’s energy challenge, transforming key economic institutions and reforming government procurement (chapter 2)’. Would the government please share the progress?
Cheers
Re: Pakistani Economic Stress Watch
^ The 11th question, which is "What happened to the dam fund?", has been answered:
x-posting
x-posting
Well, at least not all Pakis are under 'economic stress'.Good news for all Pakis...ex-Chief Justice of Pakistan Saquib Nisar and the dam fund that he collected has been put to good use:
https://www.youtube.com/watch?v=s9zJVj6NxBU
Pakistani Economic Stress Watch
S&P BSE SENSEX
Index Current : 38,623.70 - Pt. Change : +479.68 - % Change : +1.26
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,48,19,366.75 - $ 1 / I N R = 73.5325
Market Capitalization of BSE Listed Co. (U S $.) : 2,015.35 Billion
P S E
Current Index : 39,199.68 - Change : -96.62 - % Change : -0.25% - High : 39,866.46 - Low : 39,057.53
Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,299,026,633,351 $ 1 / T R = 154.4896
Market Capitalization of PSE Listed Co. (U S $.) : 47.25 Billion
B S E : P S E : : 42.65 : 1
Cheers
Index Current : 38,623.70 - Pt. Change : +479.68 - % Change : +1.26
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,48,19,366.75 - $ 1 / I N R = 73.5325
Market Capitalization of BSE Listed Co. (U S $.) : 2,015.35 Billion
P S E
Current Index : 39,199.68 - Change : -96.62 - % Change : -0.25% - High : 39,866.46 - Low : 39,057.53
Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,299,026,633,351 $ 1 / T R = 154.4896
Market Capitalization of PSE Listed Co. (U S $.) : 47.25 Billion
B S E : P S E : : 42.65 : 1
Cheers
Pakistani Economic Stress Watch
S&P BSE SENSEX
Index Current : 38,409.48 - Pt. Change : -214.22 - % Change : -0.55
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,46,76,847.32 - $ 1 / I N R = 73.4450
Market Capitalization of BSE Listed Co. (U S $.) : 1,998.21 Billion
P S E
Current Index : 38,906.40 - Change : -293.28 - % Change : -0.75% - High : 39,262.55 - Low : 38,762.44
Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,259,472,071,831 – T R = 154.5073
Market Capitalization of PSE Listed Co. (U S $.) : 46.98 Billion
B S E : P S E : : 42.53 : 1
Cheers
Index Current : 38,409.48 - Pt. Change : -214.22 - % Change : -0.55
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,46,76,847.32 - $ 1 / I N R = 73.4450
Market Capitalization of BSE Listed Co. (U S $.) : 1,998.21 Billion
P S E
Current Index : 38,906.40 - Change : -293.28 - % Change : -0.75% - High : 39,262.55 - Low : 38,762.44
Market Capitalization of PSE Listed Co. (Rs.Tr.) : 7,259,472,071,831 – T R = 154.5073
Market Capitalization of PSE Listed Co. (U S $.) : 46.98 Billion
B S E : P S E : : 42.53 : 1
Cheers
Pakistani Economic Stress Watch
S&P BSE SENSEX
Index Current : 38,470.61 - Pt. Change : +61.13 - % Change : +0.16
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,47,59,908.91 - $ 1 / I N R
Market Capitalization of BSE Listed Co. (U S $ ) : 2,010.22 Billion
P S E
Current Index : 39,382.11 - Change : 475.71 - % Change : 1.21% - High : 39,742.50 - Low : 38,906.40
Market Capitalization of BSE Listed Co. (Rs.Tr.) : 7,342.623,121,173 - $ 1 / T R = 154.4262
Market Capitalization of BSE Listed Co. (U S $.) : - 47.55 Billion
B S E : P S E : : 42.28 : 1
Cheers
Index Current : 38,470.61 - Pt. Change : +61.13 - % Change : +0.16
Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,47,59,908.91 - $ 1 / I N R
Market Capitalization of BSE Listed Co. (U S $ ) : 2,010.22 Billion
P S E
Current Index : 39,382.11 - Change : 475.71 - % Change : 1.21% - High : 39,742.50 - Low : 38,906.40
Market Capitalization of BSE Listed Co. (Rs.Tr.) : 7,342.623,121,173 - $ 1 / T R = 154.4262
Market Capitalization of BSE Listed Co. (U S $.) : - 47.55 Billion
B S E : P S E : : 42.28 : 1
Cheers