Pakistani Economic Stress Watch
Re: Pakistani Economic Stress Watch
Long live IK, very good batting, just hit a 4, from 185 to 189. Master batsman.
Dollar breaches Rs189 as IMF facility stalled, political turmoil persists
The US dollar continued its surge against the rupee on Thursday, breaching the Rs189 barrier in the interbank trade, a trend that is largely attributed to the stalling of an International Monetary Fund (IMF) loan facility as well as rising imports.
https://www.dawn.com/news/1683873/dolla ... l-persists
Dollar breaches Rs189 as IMF facility stalled, political turmoil persists
The US dollar continued its surge against the rupee on Thursday, breaching the Rs189 barrier in the interbank trade, a trend that is largely attributed to the stalling of an International Monetary Fund (IMF) loan facility as well as rising imports.
https://www.dawn.com/news/1683873/dolla ... l-persists
Re: Pakistani Economic Stress Watch
^now that's more like it
It was boring to see updates of 50 paise (paki) 80 paise surge etc (not even 0.5%)
BRF should maintain a certain standard or limit even as the Baki rupee doesnt
Looking forward to a sixer next
It was boring to see updates of 50 paise (paki) 80 paise surge etc (not even 0.5%)
BRF should maintain a certain standard or limit even as the Baki rupee doesnt
Looking forward to a sixer next
Re: Pakistani Economic Stress Watch
I was hoping and praying for 1$ = PKR 200 by Dec 2022.
Our boys are surprisingly playing well.
Under the watchful eyes of Pindi and on a steady diet of pindi chana they have achieved the following...all in March/April
- 3 prime ministers
- 2 or 3 Chief ministers of Punjab
- Chief justices (number unknown)
- unknown no of (self appointed) Army, Navy, ISS, Airforce, Spaceforce, etc
PKR went from 185 to 189 yesterday.
Tomorrow is holy month special fridin and I am sure special prayers and dharnas are planned to achieve $1 = PKR 200
Boys have over achieved.
Time to set the next target
Hoping and praying now for 1$ = PKR 300 by Dec 2022.
Our boys are surprisingly playing well.
Under the watchful eyes of Pindi and on a steady diet of pindi chana they have achieved the following...all in March/April
- 3 prime ministers
- 2 or 3 Chief ministers of Punjab
- Chief justices (number unknown)
- unknown no of (self appointed) Army, Navy, ISS, Airforce, Spaceforce, etc
PKR went from 185 to 189 yesterday.
Tomorrow is holy month special fridin and I am sure special prayers and dharnas are planned to achieve $1 = PKR 200
Boys have over achieved.
Time to set the next target
Hoping and praying now for 1$ = PKR 300 by Dec 2022.
Re: Pakistani Economic Stress Watch
The electronic signs outside currency exchanges in Doha already have PKR at Rs 193/1 USD. Their SBP has no ammo to intervene unless the iron brothel or one of the sugar daddies from gulf intervene, but the shiekhs have been p1ssed about pakis for a while now and i doubt if even cheenis will be keen this time . No wonder paki generals are willing to crawl on broken glass to go back to the US camp ! Hope Allah the most merciful , most gracious will make the paki rupee a beautiful round figure of Rs 200 against the dollar soon.
Pakis are a lot like Lebanese (minus the class, the finesse and the beauty ofcourse), the wealthy and the upper middle class all have a 2nd passport and all their savings in dollars/dinars/pounds. The lower middle class and the poor will be the ones stuck holding the bag.
Pakis are a lot like Lebanese (minus the class, the finesse and the beauty ofcourse), the wealthy and the upper middle class all have a 2nd passport and all their savings in dollars/dinars/pounds. The lower middle class and the poor will be the ones stuck holding the bag.
Re: Pakistani Economic Stress Watch
Just having 1USD = 200 PKR isn't enough. I wish them double the bond yield as that of India's, atleast a double-digit inflation, and an ever increasing BoP deficit.
Re: Pakistani Economic Stress Watch
Ju are never satisfied. Country has destroyed itself to satisfy ju......but ju are putting the bar higher and higher. ju bad bad kafir.
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Re: Pakistani Economic Stress Watch
Is there a way to calculate the mathematical tipping point, where the USD-PKR exchange rate will make the Pakis default on their dollar loans?
Re: Pakistani Economic Stress Watch
Dimran getting ousted probably gives them a breather.
He had successfully pissed off everyone who was willing to help. Wanted to set up a Turkey-Pakistan-Malaysia alternative to OIC pissing off the Saudis. Wanted to go slow on CPEC pissing of the Cheenis. Openly celebrated massa, visited russia pissing off Massa, there was nobody to give Al-Bakistan money even if they GUBO'ed
The new dispensation, under Shahbaz Sharif will probably repair all the relations and get some moolah flowing. Probably will also take some tough decisions vis-a-vis the economy and when elections are due a year from now, will be unpopular, will end up with a hung assemby that the Boyz can then manipulate
I, for one, want Kaptaan to rule for 20 more years!!
We all stand behind you Kaptaan!! Play till the last ball, dont mind the other ball that is in Bajwa's hand,
He had successfully pissed off everyone who was willing to help. Wanted to set up a Turkey-Pakistan-Malaysia alternative to OIC pissing off the Saudis. Wanted to go slow on CPEC pissing of the Cheenis. Openly celebrated massa, visited russia pissing off Massa, there was nobody to give Al-Bakistan money even if they GUBO'ed
The new dispensation, under Shahbaz Sharif will probably repair all the relations and get some moolah flowing. Probably will also take some tough decisions vis-a-vis the economy and when elections are due a year from now, will be unpopular, will end up with a hung assemby that the Boyz can then manipulate
I, for one, want Kaptaan to rule for 20 more years!!
We all stand behind you Kaptaan!! Play till the last ball, dont mind the other ball that is in Bajwa's hand,
Re: Pakistani Economic Stress Watch
Possibly, but if you remember it was PML's FM Ishaq Dar who first got bakistan deeper and deeper into the mess by artificially maintaining the PKR value at too high a level and continuously eroding their forex reserves. IK got he blame for the exchange rate collapse but that was unavoidable by the time Nawaz was ousted. You might even see a return to that time where the pakis again spend money they don't have to raise the PKR rate artificially high while everyone who was pissed with IK gives them money....till eventually that runs out too and the cycle repeats.Anujan wrote: The new dispensation, under Shahbaz Sharif will probably repair all the relations and get some moolah flowing. Probably will also take some tough decisions vis-a-vis the economy and when elections are due a year from now, will be unpopular, will end up with a hung assemby that the Boyz can then manipulate
Re: Pakistani Economic Stress Watch
Porkistan beggars do not care about any tipping point with regards to the dollar price. They will not care even if the $ touches 250 or even 300 so long as there are enough suckers to refinance or roll over their loans and interest payments.Shaktimaan wrote:Is there a way to calculate the mathematical tipping point, where the USD-PKR exchange rate will make the Pakis default on their dollar loans?
Re: Pakistani Economic Stress Watch
https://www.dawn.com/news/1684027/i-acc ... -to-nation
I accept Supreme Court's decision, says PM Imran in address to nation
April 8, 2022
Prime Minister Imran Khan in an address to the nation on Friday said he accepts the Supreme Court's verdict issued a day ago.
He also vowed to not accept what he termed as an "imported government" and called on the nation to come out on Sunday (April 10) after isha prayers to hold peaceful protests.
"I am saddened by the verdict, but I accept it," the premier said at the start of his speech.
He said the deputy speaker prorogued the assembly and set aside the no-confidence motion in light of Article 5 of the Constitution.
"There was foreign interference in Pakistan's no-confidence. I wanted the SC to at least look at it. It was a very serious allegation that a foreign country wants to topple the government through a conspiracy."
The premier said he was at least expecting a probe by the SC.
"The SC could have at least asked for and looked at the document to gauge whether we're speaking the truth. I was a bit disappointed because this is a very big issue and there was no discussion on it in the SC."
PM Imran said he was also saddened at the haste with which the court made its decision.
He said open horse-trading and "buying and selling of consciences of lawmakers" was going on in the country. "Every child knows the price at which consciences are being sold."
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Gautam
Dimran has gone the way of AAK Niazi, with the same kind of false bravado. A dead man walking, as we used to say. I pray to Almighty Allah that they select another kirketer and not someone from Sharif family. I hope to see the Pak rupee to fall further during this unsettled period.
I accept Supreme Court's decision, says PM Imran in address to nation
April 8, 2022
Prime Minister Imran Khan in an address to the nation on Friday said he accepts the Supreme Court's verdict issued a day ago.
He also vowed to not accept what he termed as an "imported government" and called on the nation to come out on Sunday (April 10) after isha prayers to hold peaceful protests.
"I am saddened by the verdict, but I accept it," the premier said at the start of his speech.
He said the deputy speaker prorogued the assembly and set aside the no-confidence motion in light of Article 5 of the Constitution.
"There was foreign interference in Pakistan's no-confidence. I wanted the SC to at least look at it. It was a very serious allegation that a foreign country wants to topple the government through a conspiracy."
The premier said he was at least expecting a probe by the SC.
"The SC could have at least asked for and looked at the document to gauge whether we're speaking the truth. I was a bit disappointed because this is a very big issue and there was no discussion on it in the SC."
PM Imran said he was also saddened at the haste with which the court made its decision.
He said open horse-trading and "buying and selling of consciences of lawmakers" was going on in the country. "Every child knows the price at which consciences are being sold."
.....
Gautam
Dimran has gone the way of AAK Niazi, with the same kind of false bravado. A dead man walking, as we used to say. I pray to Almighty Allah that they select another kirketer and not someone from Sharif family. I hope to see the Pak rupee to fall further during this unsettled period.
Re: Pakistani Economic Stress Watch
An economic catastrophe
PAKISTAN has been brought to the edge of an economic catastrophe that it has not seen for decades. While the recent ‘constitutional fraud’, and the political crisis created by the now former PTI government, is a major cause, it is not the only one. The responsibility for much of the mess lies with many governments and the ruling elite of Pakistan, both military and civilian, who have failed their constituencies, their representatives and the people in whose name, and for whom, they claim to govern.
Key indicators reveal the nature of the grave economic crisis which persists. While some correction in the rate of the rupee to the dollar was necessary, the loss in value by 40 per cent does not count as a correction. This is the result of the absence of an exchange rate and trade policy, and the speculation which hit the rupee is based on the complete lack of political vision, adding fuel to the extreme political uncertainty.
Similarly, while many economists have been warning about the deteriorating current account deficit, which could rise to 6pc of GDP
Pakistan’s economic policy has been dependent on a short-sighted, one-window operation: beg and borrow from foreign donors. The ‘war on terror’ in Pakistan and our neighbourhood exposed what development was perceived to be — mainly real estate speculation, a vision which the previous government also deluded itself into replicating. Since that costly arrangement came to an end, all governments have relied on other countries and the IMF. Each handout has come with costlier, harsher conditionalities, whether economic or geopolitical.
No government, given Pakistan’s political disequilibrium, can survive the economic storm awaiting it. It would be foolish and opportunistic of the government which replaces the PTI to stay in power for more than a few weeks. Staying on longer, rather than announcing elections, will be a decision they will regret and which will cost them the elections. One can expect more instability and agitation over the next few weeks and no new government will be allowed to govern with a belligerent PTI in opposition. The economic crisis is so deep that drastic measures will be made, which will result in further inflation, much higher petrol and electricity rates, a dollar closer to Rs200, and a higher interest rate. The economic meltdown will continue for some time.
Re: Pakistani Economic Stress Watch
[quote="Dilbu"]An economic catastrophe
[quote]
What kind of opportunities will it open for India. What should we be prepared for to maximize our benifits from those opportunities.
For one I know it will make any arm imports expensive and hence maintenance will suffer.So key systems may not be working.
But will it help us to reclaim PoK or get Baluchis their freedom ? What else will be needed.
[quote]
What kind of opportunities will it open for India. What should we be prepared for to maximize our benifits from those opportunities.
For one I know it will make any arm imports expensive and hence maintenance will suffer.So key systems may not be working.
But will it help us to reclaim PoK or get Baluchis their freedom ? What else will be needed.
Re: Pakistani Economic Stress Watch
India should not make a unilateral armed effort to reclaim PoK. India should not be seen as a military aggressor. It will unnecessarily complicate things, could backfire and make India's case weaker. We should wait for Kargil like "opportunity". Pakis being Pakis, they will give us such an opportunity.isubodh wrote:
But will it help us to reclaim PoK or get Baluchis their freedom ? What else will be needed.
Re: Pakistani Economic Stress Watch
^^ The problem is we may not have a strong willed PM at that time.
Re: Pakistani Economic Stress Watch
These things take time. It took how many years to fix art 370 mistake? Even after so many years the window of opportunity was so small.Avinandan wrote:^^ The problem is we may not have a strong willed PM at that time.
Re: Pakistani Economic Stress Watch
This is not the correct thread but it was asked in the Terroristan thread as well .. when we say we will take back POK what is our thinking about the population which resides there.
The official population as per their census (if we are willing to believe it) was around 40 lakhs. Realistically it might well be twice or even thrice that number. And we know how they have pushed the pakjabis in that area, for decades, changing the ethnic composition, even if it was Islamic to begin with.
Try to push them into Pak, to cries and condemnation of causing a refugee crisis.. or keep them in and risk future insurgency?
The official population as per their census (if we are willing to believe it) was around 40 lakhs. Realistically it might well be twice or even thrice that number. And we know how they have pushed the pakjabis in that area, for decades, changing the ethnic composition, even if it was Islamic to begin with.
Try to push them into Pak, to cries and condemnation of causing a refugee crisis.. or keep them in and risk future insurgency?
Re: Pakistani Economic Stress Watch
We take most of the Non populated areas , and many will flee given the Propaganda, We need the Poonch Bulge, Neelum valley and Gilgit Baltistan, they can keep Muzaffarabad, Mirpur, Kotli, Rawalkot. We should also get the Shakargarh bulge and an Independent Baluchistan.
Re: Pakistani Economic Stress Watch
This being the economy thread, a pertinent question is how many would flee to sinking bakistan rather than remain where they are and take chances with India.
Remember how they (not referring to the people of POK per se) voted overwhelmingly for partition, but majorly chose to remain here.
Edit - agree with taking over the non-populated areas...
Edit 2 - couldnt agree more about independent Baluchistan. Strong believer that jihadistan must be broken into at least 4 parts... and each part must be kept occupied by being made to fight with each other.
Remember how they (not referring to the people of POK per se) voted overwhelmingly for partition, but majorly chose to remain here.
Edit - agree with taking over the non-populated areas...
Edit 2 - couldnt agree more about independent Baluchistan. Strong believer that jihadistan must be broken into at least 4 parts... and each part must be kept occupied by being made to fight with each other.
Re: Pakistani Economic Stress Watch
If Indian parliament has made a resolution that PoK is integral part of India. We should get some population records collected ( be it secondary collection from pak cences) and then issue a statement that when PoK joins India only original inhabitants will be allowed and any migrant from other areas will be sent out. Post these in printed format to the PoK addresses.Manish_P wrote: The official population as per their census (if we are willing to believe it) was around 40 lakhs. Realistically it might well be twice or even thrice that number. And we know how they have pushed the pakjabis in that area, for decades, changing the ethnic composition, even if it was Islamic to begin with.
Creating this fear itself should be good to restrict this migration. Else what a waist of time and effort in Indian Parliament.
Re: Pakistani Economic Stress Watch
If and when India attempts to take PoK, we should make it clear that we are interested in land only, not people. Else everyone who can in Pak will claim PoK residency. There has been so much deliberate influx of outside people into PoK since 75 years that its hard to tell them apart from original locals. Any Paki records are documents are suspect.
Re: Pakistani Economic Stress Watch
https://www.sundayguardianlive.com/news ... -pak-lanka
Xi stares at write-off of PRC’s investments in Pak, Lanka
Abhinandan Mishra, April 9, 2022
New Delhi: The ongoing economic and political turmoil in Pakistan and Sri Lanka is going to hurt severely the $150 billion investment made by the Xi Jinping-led People’s Republic of China (PRC) in these two countries. As per China Global Investment Tracker (CGIT)—the only public accounting mechanism that tracks China’s investments in the world—China has invested $15 billion in Sri Lanka and $66 billion in Pakistan. This $66 billion, however, does not include $62 billion that China had committed to spend separately as part of its Belt and Road Initative (BRI). BRI was officially launched in Pakistan in April 2015 by Chinese President Xi Jinping when he visited Pakistan.
Officials from both sides involved in implementing the $46 billion China-Pakistan Economic Corridor (CPEC), which is a part of the BRI, were tasked to complete the majority of the CPEC projects by 2025. However, due to perennial problems, these projects are unlikely to be completed on time. Factors that have delayed the projects include local governance issues and terror threat, money being embezzled by government officials and the return on investment that was envisaged not being achieved because of which China has tightened its purse.
In February 2017, it was revealed that of the total revenue from the Gwadar port, considered to be the grand pearl of CPEC, 91% of it would go to China, while the Gwadar Port Authority (that will have local officials as members) would get the remaining 9% share in the income for the next 40 years. The port is being developed on a build-operate-transfer model, spread over 40 years. Under this scheme, Pakistan will take over the operation of the port along with the infrastructure, maintain it but will only be able to keep 9% of the revenue received from it. Of the total 95 projects that are to be completed under CPEC, they have been divided into following sub-heads: energy (21), transport infrastructure (24), Gwadar projects (14), SEZs (9) and social and economic developments related projects (27).
However, out of the 68 projects under four heads (excluding social and economic developments related projects), only 17 have been completed till now with many of the remaining still awaiting approval or awaiting the issuance of a letter of intent. The Gwadar port, spread across 2,281 acres, is being developed at a cost of $300 million; however, it is still to see substantial traffic with unloading of liquified petroleum gas that comes from Qatar and Oman in ships happening once a month, as a local resident told The Sunday Guardian—a far cry from what the Chinese investors had imagined.
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Gautam
Xi stares at write-off of PRC’s investments in Pak, Lanka
Abhinandan Mishra, April 9, 2022
New Delhi: The ongoing economic and political turmoil in Pakistan and Sri Lanka is going to hurt severely the $150 billion investment made by the Xi Jinping-led People’s Republic of China (PRC) in these two countries. As per China Global Investment Tracker (CGIT)—the only public accounting mechanism that tracks China’s investments in the world—China has invested $15 billion in Sri Lanka and $66 billion in Pakistan. This $66 billion, however, does not include $62 billion that China had committed to spend separately as part of its Belt and Road Initative (BRI). BRI was officially launched in Pakistan in April 2015 by Chinese President Xi Jinping when he visited Pakistan.
Officials from both sides involved in implementing the $46 billion China-Pakistan Economic Corridor (CPEC), which is a part of the BRI, were tasked to complete the majority of the CPEC projects by 2025. However, due to perennial problems, these projects are unlikely to be completed on time. Factors that have delayed the projects include local governance issues and terror threat, money being embezzled by government officials and the return on investment that was envisaged not being achieved because of which China has tightened its purse.
In February 2017, it was revealed that of the total revenue from the Gwadar port, considered to be the grand pearl of CPEC, 91% of it would go to China, while the Gwadar Port Authority (that will have local officials as members) would get the remaining 9% share in the income for the next 40 years. The port is being developed on a build-operate-transfer model, spread over 40 years. Under this scheme, Pakistan will take over the operation of the port along with the infrastructure, maintain it but will only be able to keep 9% of the revenue received from it. Of the total 95 projects that are to be completed under CPEC, they have been divided into following sub-heads: energy (21), transport infrastructure (24), Gwadar projects (14), SEZs (9) and social and economic developments related projects (27).
However, out of the 68 projects under four heads (excluding social and economic developments related projects), only 17 have been completed till now with many of the remaining still awaiting approval or awaiting the issuance of a letter of intent. The Gwadar port, spread across 2,281 acres, is being developed at a cost of $300 million; however, it is still to see substantial traffic with unloading of liquified petroleum gas that comes from Qatar and Oman in ships happening once a month, as a local resident told The Sunday Guardian—a far cry from what the Chinese investors had imagined.
.....
Gautam
Re: Pakistani Economic Stress Watch
World Bank slashes Pakistan’s growth forecast to 4.3pc
ISLAMABAD: Reducing Pakistan’s economic growth rate forecast for current fiscal year by almost one per cent, the World Bank (WB) on Wednesday said the last ditch energy subsidies by the outgoing government put an additional burden on budget and threaten the International Monetary Fund (IMF) programme.
“GDP growth is expected to slow to 4.3pc in FY22 (against 5.6pc last year) and to 4pc in FY23”.
In January, Pakistan’s GDP growth was put at 5.2pc which has since been changed. This comes amid monetary tightening measures that began in September 2021, high base effects from the previous year, and continued high inflation eroding real private consumption growth,” the bank said.
Re: Pakistani Economic Stress Watch
^^ Thats ok, Kaptaan made sure that Pakis hit safe ground shots only instead of sixers.
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Re: Pakistani Economic Stress Watch
How does Baki still grow at 4% … rupee at 300 and growth at -4% should be new target. Kaptaan batted well but now time for some reverse swing. Oiropeans are sweating at 7-8% inflation surely Bakis can do better !
Re: Pakistani Economic Stress Watch
It’s seems like Paxi economy is completely screwed-up none of optics like “Paxistan Speed”, early working hours of Govt staff or reduced holidays going to help.
As all their 3.5 fathers’ a$$ are on fire there is no one to the rescue. This delusional country is literally living from begging bowl to begging bowl.
https://thediplomat.com/2022/04/economi ... al-crisis/
As all their 3.5 fathers’ a$$ are on fire there is no one to the rescue. This delusional country is literally living from begging bowl to begging bowl.
Haram link:Inflation in Pakistan is expected to cross 15 percent by summer and with U.N.’s Food and Agriculture Organization showing record-high food prices through its Food Price Index, which now stands at 159 – the highest since it was formed in 1990 – this will put further upward pressure on food prices in Pakistan. The country is already suffering from a double-digit inflation. Food prices have registered an uptick of 14.5 to 15.5 percent in March on a year-on-year basis and experts have already warned about an impending threat to food security, which I had highlighted in an article in The Diplomat back in December 2021. Food prices are directly correlated with an increase in social unrest.
Furthermore, Pakistan may also face a serious balance of payment (BoP) crisis as the State Bank of Pakistan’s reserves have fallen to a perilous level of $11 billion, which is not enough to even cover one-and-a-half months of imports. The country’s reserves dropped by a whopping $5 billion in one month (of March). Imports are on the rise as highlighted by the fact that 52.2 percent of the recent increase in tax collection came from imports. The country’s trade deficit stands at a concerning $35 billion. With reserves alarmingly low, Pakistan is expected to service liabilities of $2.5 billion in the ongoing quarter alone (April to June). The composition of our reserves is also tenuous with most of it being debt financed. The IMF and China have given Pakistan $6.7 billion and $6 billion. respectively, with the rest of it coming from Saudi Arabia ($2 billion), UAE ($2 billion) and other assets.
https://thediplomat.com/2022/04/economi ... al-crisis/
Re: Pakistani Economic Stress Watch
Why is PKR showing short term recovery?
Re: Pakistani Economic Stress Watch
Massive 2.5% rate increase by SBP and formation of the new government.Thakur_B wrote:Why is PKR showing short term recovery?
Re: Pakistani Economic Stress Watch
Hope the reincarnation of John Maynard Keynes and Milton Friedman , the greatest of the greatest and first among the equals, economic genius Ishaq Dar comes back from London and takes his righteous role as the next finance minister of Pakistan. By the time establishment gets bored of the new administration (usually happens between the 3rd and the 4th year), Ishaq Dar would have ensured the economy of al bakistan joins the titanic at the bottom of the ocean.
Re: Pakistani Economic Stress Watch
^^^ Ishaq Dar far is a CA and Maryam sharifs father in law. He considers the PKR to $ rate to be a matter of ‘H&D’ and tries to artificially keep the PKR high which will result in a step ladder graph for the PKR. I expect the PKR to be stable at 180 for a year before it shoots up to 220 or higher
Re: Pakistani Economic Stress Watch
https://timesofislamabad.com/14-Apr-202 ... -ishaq-darI am coming back to Pakistan and will bring down US dollar to Rs 140: Ishaq Dar
LAHORE: Pakistan Muslim League-Nawaz (PML-N) leader and former finance minister Ishaq Dar has given good news to the people.
He claimed that he will bring back the US dollar to Rs. 140 so that the economic situation can be improved.
Talking on a private TV program, senior PML-N leader Ishaq Dar said that getting a passport is a fundamental right and I will come to Pakistan soon.
Re: Pakistani Economic Stress Watch
Mashallah ! Lord be praised my prayers have been answered ! The greatest economic brain in the history of mankind is returning !
Re: Pakistani Economic Stress Watch
Inshaalla boyz pilayed well!
Re: Pakistani Economic Stress Watch
How are such currency manipulation carried out apart from unreasonable central bank rates?
Re: Pakistani Economic Stress Watch
Ishaq Dar used to purhase $ in the open Market.Thakur_B wrote:How are such currency manipulation carried out apart from unreasonable central bank rates?
Re: Pakistani Economic Stress Watch
Wouldn't that be counterintuitive?Atmavik wrote:Ishaq Dar used to purhase $ in the open Market.Thakur_B wrote:How are such currency manipulation carried out apart from unreasonable central bank rates?
Re: Pakistani Economic Stress Watch
Currency purchase from open market is not manipulation. It's a legitimate too to manage exchange rates.
Re: Pakistani Economic Stress Watch
Do load shedding 16-18 hours a day to Paki households, other than Paki Miltary and media cut all electricity to Paki Industry and commercial enterprises, use Gas for exports instead of cooking, Export excess limestone to through 3rd parties at ultra competitive rates to Indian Cement Industry.
Sell excess scrap steel from Paki railways and Industry at competitive rates as Raw material to Indian steel Industry.
Let education be restricted to Madrasas with no Stem or accounting courses.
Pakis should use Animal transport, use Livestock for food, wood for cooking, build more Mud houses without drainage.
Only exception should be elite areas, Paki Miltary(who should not exercise themselves but must be well feed with very stocky build who do not waste time in the field) and Media. That way Paki Rupee can be easily saved.
Sell excess scrap steel from Paki railways and Industry at competitive rates as Raw material to Indian steel Industry.
Let education be restricted to Madrasas with no Stem or accounting courses.
Pakis should use Animal transport, use Livestock for food, wood for cooking, build more Mud houses without drainage.
Only exception should be elite areas, Paki Miltary(who should not exercise themselves but must be well feed with very stocky build who do not waste time in the field) and Media. That way Paki Rupee can be easily saved.
Re: Pakistani Economic Stress Watch
No one wants to be part of the Paki government, as thy know that the mess is just too deep. PPP refusing to accept any ministerial positions,
https://www.msn.com/en-in/news/world/cr ... 38b56f9313
"It is expected that PML-N will have the majority in the Cabinet with 12 ministers while Bhutto-Zardari’s PPP is likely to get seven ministries in which Sherry Rehman, Khursheed Shah, Naveed Qamar, Shazia Marri, Qamar Zaman Kaira could be the candidates. Jamiat Ulema-e-Islam-F (JUI-F) will get four while MQM-P will be given two ministries. Balochistan National Party (Mengal), Awami National Party, Jamhoori Wattan Party and Balochistan Awami Party will get one ministry each. Sources also told CNN-News18 that no party wants to face the public at this stage since there is apprehension that the new government will face several challenges and may not be able to tide over them.
Adding to the woes of the Sharif government, Pakistan’s economy is in a crippling mess with no money in the treasury and June onwards, they have no funds to pay salaries."
https://www.msn.com/en-in/news/world/cr ... 38b56f9313
"It is expected that PML-N will have the majority in the Cabinet with 12 ministers while Bhutto-Zardari’s PPP is likely to get seven ministries in which Sherry Rehman, Khursheed Shah, Naveed Qamar, Shazia Marri, Qamar Zaman Kaira could be the candidates. Jamiat Ulema-e-Islam-F (JUI-F) will get four while MQM-P will be given two ministries. Balochistan National Party (Mengal), Awami National Party, Jamhoori Wattan Party and Balochistan Awami Party will get one ministry each. Sources also told CNN-News18 that no party wants to face the public at this stage since there is apprehension that the new government will face several challenges and may not be able to tide over them.
Adding to the woes of the Sharif government, Pakistan’s economy is in a crippling mess with no money in the treasury and June onwards, they have no funds to pay salaries."