Pakistan Economy: News & Discussion

[nongaddarliberal]

On the other hand, I'm still suspicious about the Chinese. I know they're greedy, but will they let pakitan economically collapse at this juncture, when they want to prove the viability of their BRI? They have 3 trillion in foreign reserves. They can spare a few billion every year in propping up the pakis against India, and as a propaganda tool for BRI. Pakistan's primary utility for China is to keep us bogged down in the western border. Will they not be ready to pay for this service?

 

[Chinmoy]

Wish Inzi would have been the PM right now. I would have loved to hear him describing the PKR vs USD game in his own words during interview.

Bishmilaah-E-Rehman-E-Rahim. Boys played well. Wicket was good and 150 was a low score. Inshallah we would be crossing 200 mark soon enough.

 

[Butter Chicken]

Time to eat grass is here.....

 

[Illusive]

Time to eat grass is here.....

View attachment 35277 View attachment 35278

They have been eating that........Now they can't even afford that.

 

[Haldiram]

>> Dollar climbs to Rs153.50 in open market

>> PM considering proposal to allow low-grade petrol for motorcycles

Petrol me paani mila mila ke gaadi chala rahe hain, aur inhe Kashmir chahiea

 

[Mikesingh]

36% on only debt servicing?! Excellent. Porks at this point can never even imagine spending adequately on education, healthcare, skill development etc. Without these it will NEVER leave the low income category. Forget the middle income trap. Pakis have invented the low income trap. Who told pakis aren't creative?

You think the Islamist Army of Porkistan cares? It's no big deal so long as they get funded for purchasing the 8 Chinese-made modified diesel-electric attack subs, 20 attack choppers from Turkey, more F-16s from Jordan, missiles, aircraft and surface ships to augment their navy and of course, increasing their useless nuke stockpile etc.

With tomatoes selling at Rs 250 per kg, it's time they started eating grass. Isn't this what Bhutto said so they can build a credible deterrence against India? His prediction is coming true!! And Pak is imploding faster than one thought! Lol!!

 

[Haldiram]

Pakistan's economy on the brink of collapse

“Average GDP growth of 4 per cent cannot be expected to raise the per capita income sufficiently to reduce poverty,” the study states.

“Agriculture, the core of economy, has performed worse. Major crops sectors have grown at less than3 per cent and minor crops sector at less than 2 per cent. Large scale manufacturing has grown at just about 5 per cent.”

This country's gonna implode soon...

INSHA--

Spoiler

 

[Mikesingh]

The news from our Western neighbour is getting better and better by the day!! :biggrin2:

 

[nongaddarliberal]

You think the Islamist Army of Porkistan cares? It's no big deal so long as they get funded for purchasing the 8 Chinese-made modified diesel-electric attack subs, 20 attack choppers from Turkey, more F-16s from Jordan, missiles, aircraft and surface ships to augment their navy and of course, increasing their useless nuke stockpile etc.

With tomatoes selling at Rs 250 per kg, it's time they started eating grass. Isn't this what Bhutto said so they can build a credible deterrence against India? His prediction is coming true!! And Pak is imploding faster than one thought! Lol!!

Oh I'm betting on the paki army not caring about it's bakrichod awaam. And none of their weapons purchases will prevent the royal ass kicking they will get from us.

 

[Haldiram]

Oh I'm betting on the paki army not caring about it's bakrichod awaam.

That's true but having a disgruntled and angry aawam is a ripe tinderbox for protests, leading to insurgencies, leading to independence movements. Strategically placed protests can be used to hinder the movement of Paki troops to the frontline. During Bangladesh liberation movement, the protesters doubled up as saboteurs and disappeared in the cover of the bheed.

Murica has used such color revolutions to ferry their trained saboteurs in Ukraine and in several Arab Spring protests. That is why even powerful states like Russia and China are keen on clamping down on protests at an early stage. They know what it could lead to.

Tis forth generatiun or feeffth generatiun waarfair or sum sheet.

 

[Immortal]

Pakistan's economy on the brink of collapse



This country's gonna implode soon...

INSHA--

Spoiler

I am eagerly waiting for 11 jun when their budget will be presented under tough conditions of IMF where they have to collect 700 billion rupees of extra tax, primary surplus of 0.6 percent of GDP they have to show. It’s going to bring a tsunami of inflation.

 

[S.A.T.A]

Pakistanis, historically speaking, do not have the appetite for tough austerity measures. Any attempt to expand the tax net (esp any attempt to bring in the wealthy land lords) or raise new tax, is sure to be bring the opposition to the streets. This govt is bound to collapse under the prevailing circumstances.

 

[Haldiram]

I am eagerly waiting for 11 jun when their budget will be presented under tough conditions of IMF where they have to collect 700 billion rupees of extra tax, primary surplus of 0.6 percent of GDP they have to show. It’s going to bring a tsunami of inflation.

Most of the Pakistanis are not a part of the formal economy. They don't earn from a formal job, so no records in the tax department. All cash transactions. Doesn't matter where they raise the tax, the product, be it corn flakes or cement, ultimately comes from military factories. The only units under the tax net will be businesses like big malls and urban retail shops etc, which are either owned by military gernails or the raw material comes from fauji factories.

This will probably be the first time that the military elites wont find a way to offload their bad debt on to unsuspecting public. Timatar is already 250rs, how much more can they offload?

Their trade with Sri Lanka, Bangladesh, Afghanistan and India has stopped. Iran is preoccupied in a potential war preparation with the US, so not much trade from there. CPEC has frozen and Chinese are kidnapping Pakistani wammen. And Paki accounts on the forum be busy discussing whether India has enough tanks for Cold Start. Benco, you don't even have enough grains for the next month. People will start drinking each other's blood.

Sindh imposes ban on interprovincial movement of wheat

 

[Haldiram]

SBP warns of higher inflation next fiscal year

State bank of Pakistan has increased lending rates from 6% to 12.25%.

Industry leaders shocked by rate hike, blame decision on ‘IMF pressure’

Dayum! The Pakistan economy thread has finally become more interesting than Indian economy thread

 

[Butter Chicken]

Foreign Direct Investment in Pakistan drops by 52% in 10MFY19

LAHORE: The Foreign Direct Investment (FDI) in Pakistan plunged by 51.7 per cent to $1.376 billion during the first 10 months of current fiscal year, i.e. July to April, as compared to FDI of $2.849 billion reported in the corresponding period last year.

According to the latest data released by State Bank of Pakistan, the FDI for the month of April-19 amounted to $101.8 million, which is lower by 42.6 per cent as compared to $177.5 million reported in March 2019 and 55.2 per cent as compared to $227.5 million reported in April-18.

 

[Lord Darklord]

Fiscal blowout as deficit jumps to 5pc, revenues flat

The details of fiscal operations released by the ministry of finance on Tuesday put the country’s nine-month total fiscal deficit at Rs1.922 trillion — the highest 3rd quarter deficit recorded in a decade, which is the time period for which data is maintained on the ministry’s website. It was Rs1.48tr in the same period last year.

All major fiscal indicators — both on expenditure and revenue side — showed a marked deterioration across the board. There appeared to be no control on runaway expenditures as revenue collection turned flat.

 

[Haldiram]

I had seen in the comment section of a Pakistani news site last week...

Paki : Timatar nahi toh dahi se kaam chala lenge..

Indian : Dahi ka ketchup tere baap ne dekha tha kabhi?

 

[Haldiram]

Imports shrink, exports stagnate, FDI plummets: Current account deficit drops 27pc

The CAD, during the last fiscal year, hit record high of $18.619bn depleting reserves at roughly $1.5bn per month stressing government’s ability to payback liabilities.

The FDI inflows fell to $101.8 million in April, down 42.6 per cent compared to $177.5m in March and plunged by 55.2pc year-on-year compared to $227.5m in April 2018.

 

[nongaddarliberal]

Imports shrink, exports stagnate, FDI plummets: Current account deficit drops 27pc

If imports have shrunk so suddenly it means they don't have any money to import anything. Though i was hoping that they would keep their imports high and worsen their trade deficit and forex reserves. I'm still wondering when we can expect real recession in the paki economy. (-4% GDP growth).

 

[IndianHawk]

If imports have shrunk so suddenly it means they don't have any money to import anything. Though i was hoping that they would keep their imports high and worsen their trade deficit and forex reserves. I'm still wondering when we can expect real recession in the paki economy. (-4% GDP growth).

It will come soon. On exchange rate basis there economy is already shrinking. They have no foreign reserve to sustain high import but they don't have any meaningful industry to substitute imports either.
Paki army would still eat 4-5 % of there GDP .
The will spiral down and down. Riots on streets are coming soon.

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