Pakistan Economy: News & Discussion

[Suryavanshi]

What are steps India can take to damage their economy?

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[nongaddarliberal]

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I keep hearing that its not possible to significantly stop the Indus water from going into pakistan becaude we dont have that infrastructure. Is that true?

 

[Suryavanshi]

I keep hearing that its not possible to significantly stop the Indus water from going into pakistan becaude we dont have that infrastructure. Is that true?

Yes it's true the Pakistan lover congress never bother to build dams in Kashmir.
After Modis arrival he has sanctioned three big dam projects there.

 

[Mikesingh]

I keep hearing that its not possible to significantly stop the Indus water from going into pakistan becaude we dont have that infrastructure. Is that true?

Damn true! We've been sleeping since the IWT was signed half a century ago. We need to build catchment areas, canals and storage reservoirs before we can divert the water. And that water is our Treaty share that is flowing into Pak which in turn is wasting this precious resource by letting it flow into the sea due to their gross mismanagement of water resources.

It will take a good five to six years at least to start diverting these waters now. I believe some construction has finally begun.

 

[nongaddarliberal]

Damn true! We've been sleeping since the IWT was signed half a century ago. We need to build catchment areas, canals and storage reservoirs before we can divert the water. And that water is our Treaty share that is flowing into Pak which in turn is wasting this precious resource by letting it flow into the sea due to their gross mismanagement of water resources.

It will take a good five to six years at least to start diverting these waters now. I believe some construction has finally begun.

Don't you mean.... DAM TRUE?....

I'll show myself out.

 

[ezsasa]

I always wondered why pakis are doing reaction videos to our cities.
This is mahaaz on Hyderabad, Sindh , Pakistan
---------
Pakistani reactions on Hyderabad, Telangana..





https://www.youtube.com/watch?v=c7VE6CwpUCw

and many more.......

 

[sthf]

I always wondered why pakis are doing reaction videos to our cities

Because Indians are complete and utter morons who flock to these videos and give them money for sitting in front of a camera.

 

[Butter Chicken]

TCS alone is bigger than total m-cap of all listed stocks in Pakistan

NEW DELHI: India has just got its first company with $100 billion market-capitalisation as, TCSNSE 0.52 %, the crown jewel of Tata Group, zoomed past the magic number in morning trade on Monday.


The $100 billion market-cap catapults TCS to an elite club. World over, there are only 63 other companies in this league, including the likes of Amazon and Facebook.

The figure equals the GDP of as many as 128 countries the world over, is bigger than the total market capitalisation of all the stocks listed on Pakistan Stock Exchange and almost one-third of India’s total Budget expenditure for FY19.

 

[Mikesingh]

I always wondered why pakis are doing reaction videos to our cities.
This is mahaaz on Hyderabad, Sindh , Pakistan
---------

Oh man! Pak Hyderabad sucks! What a contrast with our Hyderabad!

 

[AMCA]

Exactly. We must make a list of what they're exporting to which country, and sell our product at a higher quality and cheaper price there. This will bring pakistan to its knees economically when they can't export even 1 billion dollars worth of goods. The next thing we should target is their energy supply. I don't know how we can do it, but if we squeeze their oil supply through some deal with the gulf states and Iran, their entire domestic economy will also come to a grinding halt. We can cause the worst recession and hyper-inflation combo for them if we simply adopt a coherent foreign-economic policy. They will not even be able to afford bullets for LOC firing if that happens.

11 Pakistani rice exporters were arrested in Kenya on charges of terrorist funding (According to paki media it happened because of indian lobby)
06:16 onwards

 

[lcafanboy]

China is sucking Pakistan inside-out into a web of Debts
Monday, April 23, 2018
By: Forbes.com

Source Link: CLICK HERE

One day, China will turn Pakistan into its own “semi-colony,” as it did recently with Sri Lanka.

China has been nice to Pakistan, on the surface that is. It has been building the China Pakistan Economic Corridor (CPEC), which will connect Western China with the Indian Ocean, provided of course that India will allow it.

That could certainly benefit Pakistan, helping the country make a big step forward, from an emerging to a mature economy, creating a lot of jobs in the process.

But it could hurt Pakistan, too. Like adding to Pakistan’s corruption, which keeps pushing the costs of the project higher by the day, making Pakistan more indebted to China, which has been financing the project.

Rising indebtedness comes at a time when the country is already living beyond its means, as evidenced by persistent current account deficits, government debt, and external debt.


Pakistan recorded a Current Account deficit of 3867 USD million in the fourth quarter of 2017, according to Tradingeconomics.com. The country’s Current Account averaged -587.18 USD million from 1976 until 2017, reaching an all-time high of 1418 USD million in the Q3 of 2002 and a record low of -4419 USD million in the Q2 of 2017.

Pakistan accumulated a government debt equivalent to 67.20% of the country's Gross Domestic Product in 2017. The country’s government debt to GDP averaged 69.30% from 1994 until 2017, reaching an all-time high of 87.90% in 2001 and a record low of 56.40% in 2007.

External Debt in Pakistan jumped to 88891 USD million in the fourth quarter of 2017 from 85052 USD million in the third quarter of 2017. The country’s external debt averaged 53029.34 USD Million from 2002 until 2017, reaching an all-time high of 88891 USD million in the fourth quarter of 2017 and a record low of 33172 USD million in the third quarter of 2004.

Meanwhile, Pakistan’s foreign currency reserves and foreign capital flows are falling, making it increasing likely that Pakistan will seek to reschedule its debt to China. Perhaps, by swapping debt with equity, which in essence will handle CPEC to Beijing.

That’s the model China applied in rescheduling Sri Lanka’s debt, turning the country’s Hambantota port officially into China’s own port, for 99 years. That’s according to a landmark agreement signed early last year, which gives China Merchants Ports Holdings—an arm of the Chinese government—70% stake in the Indian Ocean’s prominent outpost.

As was the case with CPEC, the Hambantota port expansion began with loans from China. But when Shri Lanka could not pay back the loans, Beijing converted these loans to equity, in essence turning Sri Lanka into a "semi-colony," in a subtle way.

That’s what will eventually happen to Pakistan when China takes over CPEC, and end up collecting tolls from every vehicle that passes through.
http://www.defencenews.in/article/China-is-sucking-Pakistan-inside-out-into-a-web-of-Debts-547796

So their great friend turned out to be blood sucking parasite...... lizard.... @Neo your chinese friends @nimo_cn , @badguy2000 @j20 turned out to be blood sucking parasites

 

[lcafanboy]

Rapidly depleting dollar reserves can crush Pakistan's economy: reportM
Monday April 23, 2018
By: Nation.com.PK

Source Link: CLICK HERE

• 

Pakistan is depleting its dollar reserves at the fastest pace in Asia and may soon have a buffer that’s smaller than Cambodia, an economy that’s less than a 10th of its size, reported by Bloomberg.

Reserves have dropped by about a fifth in the past year to reach $13.5 billion in February, while in Cambodia they’ve increased a third to $11.2 billion in January, according to data from the International Monetary Fund. Pakistan’s reserves are expected to drop as much as $2.2 billion by June, according to Insight Securities Pvt.

Pakistan is facing a balance of payments crunch. Its current-account deficit has ballooned by 50 percent in the past eight months to $10.8 billion, fueled by rising imports as the economy grows close to 5 percent and Chinese funders add new power plants. With reserves coming under pressure, authorities devalued the currency for the second time in four months last week.

“Your hot money capital inflows are not coming in. Real conditions of the economy are that exports are not picking up,” said Turab Hussain, head of the economics department at the Lahore University of Management Sciences. “Bangladesh are the ones that are a stronger economy now.”

Once known as East Pakistan before being separated in 1971, Bangladesh’s reserves are now more than double those of Pakistan’s, with exports that exceed its South Asian counterpart. Both nations as well as Cambodia are competitors in global textile markets.

New Zealand and Kazakhstan are among other Asia Pacific countries with smaller economies but more reserves than Pakistan, according to data compiled by Bloomberg.

There’s no respite seen for Pakistan’s reserves with authorities deciding not to sell global bonds this month because of rising global interest rates. Zubair Ghulam Hussain, chief executive officer at Insight Securities, is forecasting a decline in reserves even after factoring in $2.5 billion in borrowing and excluding inflows from a planned tax amnesty that’s scheduled to be announced this month.

“There is no easy fix,” said Uzair Younus, a South Asia director at Washington-based consultancy Albright Stonebridge Group LLC. “The solution lies in improving the business climate” to attract greater foreign direct investment inflows and implementing reforms to make exports more competitive globally, he said.
http://www.defencenews.in/article/R...ves-can-crush-Pakistans-economy-report-547798

 

[ezsasa]

Rapidly depleting dollar reserves can crush Pakistan's economy: reportM
Monday April 23, 2018
By: Nation.com.PK

Source Link: CLICK HERE

• 

Pakistan is depleting its dollar reserves at the fastest pace in Asia and may soon have a buffer that’s smaller than Cambodia, an economy that’s less than a 10th of its size, reported by Bloomberg.

Reserves have dropped by about a fifth in the past year to reach $13.5 billion in February, while in Cambodia they’ve increased a third to $11.2 billion in January, according to data from the International Monetary Fund. Pakistan’s reserves are expected to drop as much as $2.2 billion by June, according to Insight Securities Pvt.

Pakistan is facing a balance of payments crunch. Its current-account deficit has ballooned by 50 percent in the past eight months to $10.8 billion, fueled by rising imports as the economy grows close to 5 percent and Chinese funders add new power plants. With reserves coming under pressure, authorities devalued the currency for the second time in four months last week.

“Your hot money capital inflows are not coming in. Real conditions of the economy are that exports are not picking up,” said Turab Hussain, head of the economics department at the Lahore University of Management Sciences. “Bangladesh are the ones that are a stronger economy now.”

Once known as East Pakistan before being separated in 1971, Bangladesh’s reserves are now more than double those of Pakistan’s, with exports that exceed its South Asian counterpart. Both nations as well as Cambodia are competitors in global textile markets.

New Zealand and Kazakhstan are among other Asia Pacific countries with smaller economies but more reserves than Pakistan, according to data compiled by Bloomberg.

There’s no respite seen for Pakistan’s reserves with authorities deciding not to sell global bonds this month because of rising global interest rates. Zubair Ghulam Hussain, chief executive officer at Insight Securities, is forecasting a decline in reserves even after factoring in $2.5 billion in borrowing and excluding inflows from a planned tax amnesty that’s scheduled to be announced this month.

“There is no easy fix,” said Uzair Younus, a South Asia director at Washington-based consultancy Albright Stonebridge Group LLC. “The solution lies in improving the business climate” to attract greater foreign direct investment inflows and implementing reforms to make exports more competitive globally, he said.
http://www.defencenews.in/article/R...ves-can-crush-Pakistans-economy-report-547798

So Madeline Albright’s lobby group got the contract for Pakistan.

Madeline Albright was former US Secretary of State.

 

[Mikesingh]

11 Pakistani rice exporters were arrested in Kenya on charges of terrorist funding (According to paki media it happened because of indian lobby)

These Pakis buggers have this habit of blaming the world especially India for their gross incompetence and inefficiency. But then passing the buck makes them feel good as they're basically a bunch of losers.

 

[Mikesingh]

Rapidly depleting dollar reserves can crush Pakistan's economy: report
Monday April 23, 2018

Jinnah seems pissed off in the Paki currency note. So they are now printing new notes with Hafiz Saeed to improve and bring cheer to their economy!!

 

[Butter Chicken]

Foreign exchange: SBP's reserves continue to fall, now stand at $10.9b

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) continued to remain under pressure, shrinking 4.1% on a weekly basis, according to data released by the central bank on Thursday.

The fall marks the 19th successive week of decline, fuelling concern over Pakistan’s ability to meet future payment obligations and manage a bulging current account deficit.

On April 20, foreign currency reserves held by the central bank were recorded at $10,917 million, down $462.6 million or 4.1% compared to $11,379.6 million in the previous week.

Pakistan raised $2.5 billion in November 2017 by floating dollar-denominated sovereign bonds in the international market in a bid to shore up official reserves.

A few months ago, foreign currency reserves surged due to official inflows including $622 million from the Asian Development Bank (ADB) and $106 million from the World Bank.

Earlier, the SBP received $350 million under the Coalition Support Fund (CSF). In January, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.

Rupee weakens to over Rs119 against dollar in open market as panic buying continues

KARACHI: The open market continued to remain in the grip of panic buying as the currency weakened to as much as Rs119.5 against the US dollar, two days after the central bank held an “emergency meeting” with dealers to keep the gap with the inter-bank rate as low as possible.

 

[Flame Thrower]

Anyone tracking Iran pipeline (with Pak) saga!!!

It might cost them $1.5 billion plus fine of $1 million everyday from Jan 1st 2015 for not building the gas pipeline!!!??

Any updates on this news!!??

 

[nongaddarliberal]

Foreign exchange: SBP's reserves continue to fall, now stand at $10.9b

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) continued to remain under pressure, shrinking 4.1% on a weekly basis, according to data released by the central bank on Thursday.

The fall marks the 19th successive week of decline, fuelling concern over Pakistan’s ability to meet future payment obligations and manage a bulging current account deficit.

On April 20, foreign currency reserves held by the central bank were recorded at $10,917 million, down $462.6 million or 4.1% compared to $11,379.6 million in the previous week.

Pakistan raised $2.5 billion in November 2017 by floating dollar-denominated sovereign bonds in the international market in a bid to shore up official reserves.

A few months ago, foreign currency reserves surged due to official inflows including $622 million from the Asian Development Bank (ADB) and $106 million from the World Bank.

Earlier, the SBP received $350 million under the Coalition Support Fund (CSF). In January, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.

Rupee weakens to over Rs119 against dollar in open market as panic buying continues

KARACHI: The open market continued to remain in the grip of panic buying as the currency weakened to as much as Rs119.5 against the US dollar, two days after the central bank held an “emergency meeting” with dealers to keep the gap with the inter-bank rate as low as possible.

The Indian rupee has also fallen sharply to 66.75. I remember just a few months ago it was 64. What's the reason for it?

 

[Chinmoy]

The Indian rupee has also fallen sharply to 66.75. I remember just a few months ago it was 64. What's the reason for it?

One reason might be...

the dollar grew in strength as US treasury yields moved upward of the 3 percent mark earlier this week and hit 4-year highs.

https://www.moneycontrol.com/news/b...t-are-likely-to-benefit-the-most-2558165.html

 

[nongaddarliberal]

Shifting this to indian economy thread.