Pakistani Economic Stress Watch

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stephen
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Re: Pakistani Economic Stress Watch

Post by stephen »

Namo's visit is linked with improving ties with India, the main reason for which is to improve their economic condition, not because they have any love for the banias but only for self preservation. If Namo is visiting Pakistan in a month's time it means normalization of ties and their business folks can hope for trading with India again and as he had stated in that presser, Pakistan's economy will only improve if this happens.
Aditya_V
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Re: Pakistani Economic Stress Watch

Post by Aditya_V »

Namo would be a fool to visit Pakistan - I hope its a Wet dream of the Pakis- most probably, the Dawn is full of BS and probably muddle Indian Voters before Elections
Cyrano
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Re: Pakistani Economic Stress Watch

Post by Cyrano »

Apart from getting bankrupt, nothing has fundamentally changed in Pakiland. Same madrassa bred retrograde Abduls ruled by the Gazwa e Hind mindset Pak Establishment. The status quo is fine with India, why on earth would we want to "normalise" relations with Pakis? Just to let them get stronger and create trouble in India once again?

Their recent NS Policy, 100 yrs of no war etc etc are all clever ploys to revive candle wallahs in India. They keep dangling the "access to religious sites" stick as well, which Punjabi some groups love. If the Govt gives into this itch, it would be akin to scratching one's back with a burning stick. If NaMo goes along, will hit his chances in 2024. May be thats the real motive.
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

Aditya_V wrote:
IMF okays 6th review, ready to release $1bn tranche
Baki leaderans are actually congratulating each other for securing the next round of IMF bheek. Shame has no definition or boundaries in al bakistan.
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

Aditya_V wrote:Namo would be a fool to visit Pakistan
Modi should lay down half a dozen impossible conditions for visiting, say, Kartarpur Sahib (it is bakistan territory and Im the Dim would have to walk barefooted in a turban to meet Modi)...two can play that game.
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Re: Pakistani Economic Stress Watch

Post by Cyrano »

Why shame? Does the OIC run an Islamic Monetary Fund based on sharia principles? No ! If the Kaffir west runs IMF on kaffir khujli principles, Pakis will be proud to have swindled another billion from these kaafirs who run such stupid institutions. Jaayiz celebrations onlee.
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

What the...hey? When a pakjabi opens his mouth...spit and revelations emerge!

Need to work on regional trade: Mian Mansha
LAHORE: Noted businessman Mian Mansha has said that we have to make peace with neighbours and work on regional trade.
he said peace eventually prevailed after Europe and world wars. He said he was aware that talks were underway with India.
He said humiliation of people should end. He said if the economy was not put on the right track, God forbid there might be another Bangladesh.
“Confrontation is leading us nowhere and might cause irreparable loss to the federation.”
It was revealed that the size of the Bangladeshi government is very small. Even the size of its army is 112,000. Bangladesh, which is a truncated part of Pakistan, has been ruled by two women in most of its history.
Moreover, we allow foreign airlines to land at night in our airports to provide advantage to PIA which incidentally is dysfunctional.
The unnecessary hassle of checking the foreigners passing through cantonments on the plea that they cannot enter the cantonment area (there is no other route) deters prospective buyers of our products.
All I can do is... :rotfl:

Harami link: https://www.thenews.com.pk/print/930468 ... ian-mansha
Anujan
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Re: Pakistani Economic Stress Watch

Post by Anujan »

I think India should give up Cashmere so that Pakistan can have better trade ties with India and shore up its economy.
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

Anujan wrote:I think India should give up Cashmere so that Pakistan can have better trade ties with India and shore up its economy.
And Junagarh. Don't forget Junagarh.
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Re: Pakistani Economic Stress Watch

Post by kit »

stephen wrote:Namo's visit is linked with improving ties with India, the main reason for which is to improve their economic condition, not because they have any love for the banias but only for self preservation. If Namo is visiting Pakistan in a month's time it means normalization of ties and their business folks can hope for trading with India again and as he had stated in that presser, Pakistan's economy will only improve if this happens.
Right :((

and no ., NaMo has better things to do
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Re: Pakistani Economic Stress Watch

Post by Dilbu »

Growth may slow down to 4.5%: Baqir
ISLAMABAD: State Bank of Pakistan (SBP) Governor Dr Reza Baqir said on Thursday that economic growth may slow down to around 4.5% in current fiscal year and inflation and current account deficit would remain the two key challenges.

“We are trying our best to contain the current account deficit through exchange rate and interest rate policies and hope that we will weather it much better than before,” said Baqir. The governor delivered a speech on the economic outlook of Pakistan at Swiss embassy in Islamabad.
Baqir hoped that against $19 billion in current account deficit in 2018, the gap would be lower in the ongoing fiscal year and while showing a slide put the deficit below $15 billion.

The current account deficit is primarily driven by commodity prices as non-oil balance is projected to remain in surplus in response to the coordinated monetary and fiscal policies, he added.

He spoke a day after the International Monetary Fund (IMF) warned of elevated risks to Pakistan’s economy from the growing current account deficit that it projected would widen to 4% of gross domestic product (GDP) in the current fiscal year.
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Re: Pakistani Economic Stress Watch

Post by Deans »

The IMF estimate for 2021-22 is a 4.0% GDP growth for Pak.
That's a approx. 1.6% per capita GDP growth

India's estimate is 9.2% with a population growth of 1% Approx a 8.2% per capita growth.

The problem for Pak is not just lower growth compared to India, but a higher population growth.
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

Deans wrote:The problem for Pak is not just lower growth compared to India, but a higher population growth.
Do the unbankable paki GDP growth projections adjust for their higher than the Himalaya inflation rates? If not, then their "projections" would sink deeper than the deepest oceans.
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Re: Pakistani Economic Stress Watch

Post by Vips »

Deans wrote:
The IMF estimate for 2021-22 is a 4.0% GDP growth for Pak.
That's a approx. 1.6% per capita GDP growth

The problem for Pak is not just lower growth compared to India, but a higher population growth.
This per capita growth rate too is based of the Paki Population figure of 22 Crores. Pakis have under reported their population figures in Sind and KPK by at least 2-4 crore.
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Re: Pakistani Economic Stress Watch

Post by Vips »

Pakistan, China to ink $10-15 billion pacts.
Pakistan and China are all set to sign different agreements worth $10-15 billion during the ongoing visit of Pak Prime Minister Imran Khan to China, including rollover of $4 billion deposits, fresh loan of $4 billion, and other projects, The News reported.

However, both sides have so far been unable to make progress on the much-delayed multibillion-dollar project of Mainline-1 (ML-1) despite making efforts, as the financing agreement has not yet been firmed up yet.
Ola-Ho-Uber. Porkistan gets another 4 Months to be a nuisance on Mankind.
Deans
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Re: Pakistani Economic Stress Watch

Post by Deans »

anupmisra wrote:
Deans wrote:The problem for Pak is not just lower growth compared to India, but a higher population growth.
Do the unbankable paki GDP growth projections adjust for their higher than the Himalaya inflation rates? If not, then their "projections" would sink deeper than the deepest oceans.
GDP growth is after inflation. However, you raise an important point:
A simplified example;
Assume average inflation in Pak is 10% Nominal GDP growth is 14% so real GDP growth is 4%
However, the top 5% of Pakistan own 50% of GDP and have an inflation of 5% Their real income growth is 14-5 = 9%
(or 6.5% per capita, which is similar to India).

The bottom 95% (50% of the economy) have inflation of 15%. so real income growth is - 1%
This is before population growth. So per capita real GDP growth for 95% of the population is about -3 % at the least.

The further problem is that incomes of the top 5% will grow faster than the bottom 95% so in reality, the overwhelming majority of the country have an income drop of (conservatively) closer to 4%. For a poor country with low savings, that can be catastrophic.
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Re: Pakistani Economic Stress Watch

Post by chetak »

kit wrote:
stephen wrote:Namo's visit is linked with improving ties with India, the main reason for which is to improve their economic condition, not because they have any love for the banias but only for self preservation. If Namo is visiting Pakistan in a month's time it means normalization of ties and their business folks can hope for trading with India again and as he had stated in that presser, Pakistan's economy will only improve if this happens.
Right :((

and no ., NaMo has better things to do



yes, indeed.

Like shipping 50,000 tons of wheat through pukestan when the same could have been done via chabahar. Iran actually offered this route to the GoI for the wheat to reach afghanistan.

sometimes the finer points of diplomatese and strategy are beyond me.

when the pakis are down, build the max pressure you can.

one can never be all things to all people
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Re: Pakistani Economic Stress Watch

Post by nishant.gupta »

chetak wrote:
Like shipping 50,000 tons of wheat through pukestan when the same could have been done via chabahar. Iran actually offered this route to the GoI for the wheat to reach afghanistan.

sometimes the finer points of diplomatese and strategy are beyond me.

when the pakis are down, build the max pressure you can.

one can never be all things to all people
50K tonnes with around 18 tonnes per truck will be >2700 trucks of wheat passing through a jannat having bhooki awaam will raise a lot of queries in the minds of the said awaam. (Just my thought) And that was possibly why India wanted its own trucks and then finally decided on Afghan trucks while bluntly refusing Paki khataaras. Number plates will matter...
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Re: Pakistani Economic Stress Watch

Post by Dilbu »

Pakistan's economy is once again at crossroads: IMF
Pakistan has a long history of stop-and-go economic policies and weak implementation of structural reforms. This has resulted in elevated vulnerabilities and low investment and growth, which weigh on the population, including through high poverty incidence, weak development indicators, and limited progress in achieving the UN’s Sustainable Development Goals (SDGs).“Despite significant efforts to bring the programme back on track earlier in the year (which led to the completion of the combined second–fifth EFF reviews in March 2021), the authorities’ efforts shifted toward expansionary macroeconomic policies and reversed some earlier reforms in an attempt to spur growth, ” the IMF report stated and added that as a result of buoyant domestic demand and the terms of trade shock, external imbalances increased rapidly in the early months of FY 2022.
Aditya_V
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Re: Pakistani Economic Stress Watch

Post by Aditya_V »

Well can be expect another 20-25% depreciation soon in PKR?
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Re: Pakistani Economic Stress Watch

Post by yensoy »

chetak wrote:Like shipping 50,000 tons of wheat through pukestan when the same could have been done via chabahar. Iran actually offered this route to the GoI for the wheat to reach afghanistan.
sometimes the finer points of diplomatese and strategy are beyond me.
Depends on where in Afghanistan one wants to deliver the goods. Roads in Afghanistan aren't really the best, nor is it guaranteed that the convoys will make the delivery to Kabul after traversing eight hundred kilometers thru a war-torn land. Possibly the road from Pakistan is the least worst.
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Re: Pakistani Economic Stress Watch

Post by Mort Walker »

Aditya_V wrote:Well can be expect another 20-25% depreciation soon in PKR?
Nope. PKR has improved from around 177 to 174.75. It was near 180 at the end of December. Have to wait and see what happens in the next two quarters. Have to push TSP to spend more on defense and less on health, education and infrastructure. They need to eat more grass to teach the Endians a lesson.
SRajesh
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Re: Pakistani Economic Stress Watch

Post by SRajesh »

^^^Mortji
Is this an attempt by vested interest inimical to India, to prop up a crumbling edifice until 2024 and hope for a more supplicant government in India??
Aditya_V
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Re: Pakistani Economic Stress Watch

Post by Aditya_V »

Mort Walker wrote:
Aditya_V wrote:Well can be expect another 20-25% depreciation soon in PKR?
Nope. PKR has improved from around 177 to 174.75. It was near 180 at the end of December. Have to wait and see what happens in the next two quarters. Have to push TSP to spend more on defense and less on health, education and infrastructure. They need to eat more grass to teach the Endians a lesson.
Over the last 3-4 years- PKR tend s to by propped up by SBP for 1-2 months before the next dive, same with Turkish Lira. They defy gravity before the laws catch up with them
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Re: Pakistani Economic Stress Watch

Post by chetak »

yensoy wrote:
chetak wrote:Like shipping 50,000 tons of wheat through pukestan when the same could have been done via chabahar. Iran actually offered this route to the GoI for the wheat to reach afghanistan.
sometimes the finer points of diplomatese and strategy are beyond me.
Depends on where in Afghanistan one wants to deliver the goods. Roads in Afghanistan aren't really the best, nor is it guaranteed that the convoys will make the delivery to Kabul after traversing eight hundred kilometers thru a war-torn land. Possibly the road from Pakistan is the least worst.
How do the roads matter.

It has to be delivered to the taliban who are destination, delivery point and distribution center.

They will not allow anyone else to "distribute" the grains, no NGOs or aid agencies.

GoI does not have an official presence in afghanistan.

essentially, the taliban is being funded and.......

talibani khayenge piyenge aish karenge aur kya
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Re: Pakistani Economic Stress Watch

Post by Dilbu »

India-Pakistan trade remains in deep freeze
LAHORE: The sour relationship between India and Pakistan, owing to the former’s inhumane stance on Kashmir :(( , now into its third year is impacting bilateral trade worth billions between the two nations with no visible signs of resuming anytime soon.

Even though recently, the Narendra Modi led government has opened its side of the Kartarpur Corridor after consistent protests by the Sikh community on both sides of the border, trade has been terminated with India since August of 2019 when the neighboring country abolished the special status of Occupied Kashmir.

As a result, thousands of traders, contractors, and middlemen in both countries TSP have lost millions of rupees, especially those who relied on trade through the Wagah border.
Earlier this year, in March, the Ministry of Commerce sent a summary of imports of sugar, cotton, and yarn from India, to the Federal Cabinet, which could have led to the resumption of trade between the two countries but the summary was rejected. :twisted:

Some traders like Qayyum Khan, a resident of Lahore, who were hopeful that the summary would be approved were left dejected. Khan, who imports gypsum from India, a substance used as fertilizer and in plasters, while talking to The Express Tribune, lamented, “my gypsum worth millions of rupees, lying near the Wagah border, has deteriorated and I have made a massive loss.”
They are begging TSP govt to resume trade with India in this paragraph.
While Khan, and other traders like him, support the government’s position that relations with India cannot be restored until the special status of Kashmir is restored, they questioned why had the Pakistani government granted permission for Afghan-India transit.

“If Afghan-India trade can be made through Wagah, trade between our two countries should also be resumed,” he implored. Back in 2003, the bilateral trade between the two significant players in Southeast Asia stood at 250 million dollars but from 2004 to 2007 when there was peace between the two, these bilateral trade numbers rose to roughly 3 billion dollars, as per Former Ambassador Jalil Abbas Jilani.
And here they are blaming India for spoiling the atmosphere.
Jilani, who has served as Pakistan’s ambassador to the United States, while talking to the Express Tribune, said, “the onus of the suspension of trade is on India as they abolished Article 37, in violation of the bilateral agreements with Pakistan and created an atmosphere of unrest and tension.”

He was of the view that India had more to lose due to trade closures as it exports a significant number of its goods to Pakistan. :mrgreen: Jilani believes that trade between the two neighbors can only be restored once there is a resolution on Kashmir.
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Re: Pakistani Economic Stress Watch

Post by Vips »

Pakistan has to return $3 billion to Saudi Arabia within one year: Finance Minister.
Under an agreement, Saudi Arabia revived its financial support to Pakistan, including about $3 billion in deposits and $1.2 billion to $1.5 billion worth of oil supplies on deferred payments. Pakistan also pledged to return the $3 billion within a year.

Tarin said that the interest rate on the loan was four per cent which would have to be paid every three months.

He said there was no clause in the agreement to extend the loan.

"The Saudi government has told us that they can ask for their money back if Pakistan defaults at any point," Tarin said and added that there was no question of default.
Have to pay back $3 billion within a year. How can the ummah does not give porkistan free money? :((
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Re: Pakistani Economic Stress Watch

Post by anupmisra »

Vips wrote:Have to pay back $3 billion within a year. How can the ummah does not give porkistan free money? :((
Correction. $3.12Bn. But...tomatoes, tomahtoes.

Ummah and bakistan have a relationship similar to a master with a stick and his dog (you know who is who). Master houses and feeds the dog until it stops barking/attacking at the command of its master. Master wields his stick and takes away the free food, and the rest of the story has a familiar ending.
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Re: Pakistani Economic Stress Watch

Post by mody »

Vips wrote:Pakistan, China to ink $10-15 billion pacts.
Pakistan and China are all set to sign different agreements worth $10-15 billion during the ongoing visit of Pak Prime Minister Imran Khan to China, including rollover of $4 billion deposits, fresh loan of $4 billion, and other projects, The News reported.

However, both sides have so far been unable to make progress on the much-delayed multibillion-dollar project of Mainline-1 (ML-1) despite making efforts, as the financing agreement has not yet been firmed up yet.
Ola-Ho-Uber. Porkistan gets another 4 Months to be a nuisance on Mankind.
All of paki dreams dashed by the so called Iron Brother.

https://www.msn.com/en-in/news/opinion/ ... d=msedgntp

CPEC phase-II not going anywhere in a hurry. ML-1 funding agreement still stuck.
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Re: Pakistani Economic Stress Watch

Post by Dilbu »

The situation has become so serious that they are now clamoring for trade with India to be opened.
Trade with India need of the hour, says Razak Dawood
LAHORE: Adviser to the Prime Minister on Commerce, Textile, Industry and Production, and Investment Abdul Razak Dawood has said trade with India is the need of the hour and beneficial to both countries.
“As far as the ministry of commerce is concerned, its position is to do trade with India. And my stance is that we should do trade with India and it should be opened now,” Mr Dawood said in an interaction with media at an exhibition on engineering and healthcare organised by the Trade Development Authority of Pakistan.

The trade with India is very beneficial to all, especially Pakistan. And I support it,” he added.
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Re: Pakistani Economic Stress Watch

Post by g.sarkar »

https://www.timesnownews.com/internatio ... oat/860842
As economy tanks, Pak govt covets citizen's gold to boost forex reserves. Will this keep the country afloat?
WorldTimes Now, Feb 21, 2022

As Pakistan's foreign exchange reserves continue to sink, the Imran Khan government has now planned to borrow gold bars and biscuits from the vault of its citizens.
The Imran Khan government has a new proposal to boost the country’s foreign exchange reserves. The proposal involves more borrowing for the Pakistan economy that is already crippled under rising debts, but this time the plan is to borrow gold from its citizens.
According to a report in Pakistani daily The Express Tribune that cites sources in the Ministry of Finance, the proposal has been discussed in the Economic Executive Council (EEC) — the body which comprises all economic ministers and the State Bank of Pakistan (SBP) governor.
The government plans to borrow gold bars and biscuits from the vault of its citizens through the commercial banks against a negotiable discounted instrument to the gold owner along with an interest paid on the gold borrowed. The idea to borrow gold from citizens did not come to Imran Khan originally. This was initially floated by an expatriate — Tahir Mehmood. Khan then referred it to the EEC, which then fine-tuned it to increase reserves and bring more cash into the market against gold, which is considered to be an idle asset.
As the proposal now stands, after ‘borrowing’ gold from the citizens, the commercial bank will deposit it with the SBP — the country’s central bank. The SBP already has 2.01 million fine troy ounces of gold reserves valued at USD 3.8 billion, according to its reserves position statement as of December 31, 2021.
The borrowed gold will be then monetised by SBP to increase the foreign exchange reserves which have been built by expensive foreign loans. According to media reports, Pakistan's foreign exchange reserves are continuously on a downfall despite loans over USD 5 billion from bilateral and multilateral creditors in the past three months. These include a loan of USD 3 billion from Saudi Arabia, USD 1 billion from the IMF, and another USD 1 billion loan through the Sukuk bond at a record 7.95 per cent interest rate — what is considered to be the most expensive debt in Pakistan's history and is the highest cost that the cash-strapped country has ever agreed to pay in its history on an Islamic bond. Further, the Imran Khan government has also agreed to mortgage a portion of the Lahore-Islamabad Motorway in return for the loan.
......
Gautam
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Re: Pakistani Economic Stress Watch

Post by Mort Walker »

^^^Now is the time to increase shelling and shooting across the LoC and IB, aggressive patrolling, and increased CAPEX by India on domestic arms to push TSP over the edge. A bank run in TSP is now due where people will empty all safe deposit boxes (bank lockers) and savings accounts.
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Re: Pakistani Economic Stress Watch

Post by Cyrano »

Expect most of the gold to find it way to Switzerland and US to feed the future generations of Pak Army offspring. Superb idea they have come up with to keep the loot levels up despite foreign aid drying up. Applause !!

What can they come up with next as the economy hurtles into the abyss ?
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Re: Pakistani Economic Stress Watch

Post by S_Madhukar »

We should have let the hungry bunnies and fat jabis feed of f each other. No dollar no gold no grain. If it was the Israelis they would have set up a fake bank and promised all kinds of loans and drained all the remaining gold and resources. I am not sure why we are playing nice here, nothing for us to gain :((
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Re: Pakistani Economic Stress Watch

Post by yensoy »

Cyrano wrote:Expect most of the gold to find it way to Switzerland and US to feed the future generations of Pak Army offspring. Superb idea they have come up with to keep the loot levels up despite foreign aid drying up. Applause !!

What can they come up with next as the economy hurtles into the abyss ?
Actually what will happen is that the faujis will come in with their brass medals and stolen shell casings. "Compliant" bank managers, upon payment of their cut of course, will assess these as being made of gold and pay them full money. Once these metals are melted down, nobody will be any wiser.

The Indian approach of Sovereign Gold Bonds is much more practical, but that is to prevent future bleeding by curtailing gold purchases by citizens rather than have them bring in their existing gold jewellery for exchange.
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Re: Pakistani Economic Stress Watch

Post by chetak »

Aditya_V wrote:Namo would be a fool to visit Pakistan - I hope its a Wet dream of the Pakis- most probably, the Dawn is full of BS and probably muddle Indian Voters before Elections
assuming that there is some truth in these reports

one wonders what kind of "accommodations", if any, were made in getting the pakis to "allow" the shipment of 50,000 tonnes of "Indian aid to afghanistan" wheat via the wagah border

paki reports on youtube state clearly that "India has come forward" to sell cotton to the pakis at a "very cheap rate" as per niazi's promise that he will get cotton from India.
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Re: Pakistani Economic Stress Watch

Post by yensoy »

^^^^ Very wrong. We should only sell finished products. Never raw materials. We should buy raw materials from them.
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Re: Pakistani Economic Stress Watch

Post by partha »

chetak wrote:
Aditya_V wrote:Namo would be a fool to visit Pakistan - I hope its a Wet dream of the Pakis- most probably, the Dawn is full of BS and probably muddle Indian Voters before Elections
assuming that there is some truth in these reports

one wonders what kind of "accommodations", if any, were made in getting the pakis to "allow" the shipment of 50,000 tonnes of "Indian aid to afghanistan" wheat via the wagah border

paki reports on youtube state clearly that "India has come forward" to sell cotton to the pakis at a "very cheap rate" as per niazi's promise that he will get cotton from India.
Modi has completely ignored Imran Khan even though Imran Khan has tried to provoke by calling all kinds of names. IK making a suggestion for a TV debate with Modi shows earlier reports in Paki press about Modi's visit to Pakistan was fake news. Why will Modi visit Pakistan? It doesn't make sense at all. It was he who visited Pak last. It is Pakis who are desperate to save their economy so if at all anyone's making a trip, it will be the Paki PM to Delhi with a bowl.

>> one wonders what kind of "accommodations", if any, were made in getting the pakis to "allow" the shipment of 50,000 tonnes of "Indian aid to afghanistan" wheat via the wagah border

I'm sure there were no accommodations of any sort. They have allowed transit of wheat hoping Modi Govt will reciprocate with some positive gesture w.r.t trade which will help their economy.
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Re: Pakistani Economic Stress Watch

Post by chetak »

partha wrote: I'm sure there were no accommodations of any sort. They have allowed transit of wheat hoping Modi Govt will reciprocate with some positive gesture w.r.t trade which will help their economy.

the pakis were quite adamant that paki trucks will be used with paki drivers and India would pay transit and other fees to the pakis for the shipment of wheat.

they have since rolled back these conditions and now afghan trucks with afghan drivers will be used to ship the wheat via the wagah border and no transit fees will be paid by the afghans to the pakis.

sure, there would have been "accommodations" made

and it will cost us more than it will cost them

India had this sadak ka punk niazi just where she wanted him and our dearly beloved buzurg prithviraj may have once again entered the jang ka maidan onlee
srin
BRF Oldie
Posts: 2580
Joined: 11 Aug 2016 06:13

Re: Pakistani Economic Stress Watch

Post by srin »

Ignoring IK and being indifferent to his blabberings is the best thing we've done. He seems to need attention.

Even otherwise, IK meeting NaMo goes against the diplomatic protocol of meeting equals. NaMo is the head of Govt of India, IK is the nominee of Pakistan Army Chief, essentially a spokesperson. IK's equivalent is some GoI spokesperson. Anyway, IK will be discarded as used tissue any moment. Not sure if there is some lamp post being readied in Pindi with his name written on it.
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