Pakistan Economy: News & Discussion

HitmanBlood

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Pakistani economy is in decline for quite a while because of neglect. Almost every sector of economy in Pakistan is suffering.

After posting on decline of Paki railways, I thought I should dive deeper into decline of other avenues in Pakistan.

Here is a little insight into the decline of Paki cinemas.

Pakistan in 2008 had only 203 cinemas. The number was low but it was still relatively a much better period for cinemas in Pakistan. After 2008 numbers started declining but they managed to be in 3 digits. Things really took a nose dive after a ban from Imran Khan on Indian movies. It went from 116 to 72 in just one year. In 2019 this number reduced to just 72 cinemas in entire country.

Out of 72 cinemas 56 are in punjab province alone. That leaves just 16 cinemas for rest of the Pakistan. These are 2019 numbers, After Coronavirus restrictions things have become even worst.

On OTT front too things aren't good either. The biggest online streaming provider in Pakistan is Netflix, which only has around 87 thousand Netflix subscribers total in entire country of Pakistan.
 

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Maharaj samudragupt

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Pakistani economy is in decline for quite a while because of neglect. Almost every sector of economy in Pakistan is suffering.

After posting on decline of Paki railways, I thought I should dive deeper into decline of other avenues in Pakistan.

Here is a little insight into the decline of Paki cinemas.

Pakistan in 2008 had only 203 cinemas. The number was low but it was still relatively a much better period for cinemas in Pakistan. After 2008 numbers started declining but they managed to be in 3 digits. Things really took a nose dive after a ban from Imran Khan on Indian movies. It went from 116 to 72 in just one year. In 2019 this number reduced to just 72 cinemas in entire country.

Out of 72 cinemas 56 are in punjab province alone. That leaves just 16 cinemas for rest of the Pakistan. These are 2019 numbers, After Coronavirus restrictions things have become even worst.

On OTT front too things aren't good either. The biggest online streaming provider in Pakistan is Netflix, which only has around 87 thousand Netflix subscribers total in entire country of Pakistan.
Post again about pak railways.
 

THESIS THORON

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Makes sense that they want to reduce imports but without proper domestic industry to provide alternative of imports it will lead to price hikes and most likely create a black market for smuggling.

Restricting GDP growth may sound weird but given the fact that Pakistani economy is heavily dependent on imports any growth in GDP will lead to higher demand for imports which is a big worry for bankrupt Pakistan. Such policy will have disastrous effect for middle class in short term and if proper steps to permanently reduce dependency on imports are not taken it could slide Paki economy in a long recession.

This is what happens when you set your priorities wrong.

A small example of wrong priorities:
In 1947 Pakistan had 8,124 km of railways, today it is 7,791 km.


View attachment 112016

But they have nuclear bomb.
this thing is even worse than extinct dc emu of mumbai o_Oo_Oo_O
 

Dark Sorrow

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Pakistan army makes cornflakes , cement , sugar , processed meat , they make buildings and have a lot of other businesses
This is the reason why PA is sitting in the head of their government. Armed forces should never be allowed participate in commercial or civilian activity.
Flow of money is the only way civilian government can control armed forces.
 

Abdus Salem killed

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Pakistani economy is in decline for quite a while because of neglect. Almost every sector of economy in Pakistan is suffering.

After posting on decline of Paki railways, I thought I should dive deeper into decline of other avenues in Pakistan.

Here is a little insight into the decline of Paki cinemas.

Pakistan in 2008 had only 203 cinemas. The number was low but it was still relatively a much better period for cinemas in Pakistan. After 2008 numbers started declining but they managed to be in 3 digits. Things really took a nose dive after a ban from Imran Khan on Indian movies. It went from 116 to 72 in just one year. In 2019 this number reduced to just 72 cinemas in entire country.

Out of 72 cinemas 56 are in punjab province alone. That leaves just 16 cinemas for rest of the Pakistan. These are 2019 numbers, After Coronavirus restrictions things have become even worst.

On OTT front too things aren't good either. The biggest online streaming provider in Pakistan is Netflix, which only has around 87 thousand Netflix subscribers total in entire country of Pakistan.
72 what a good number the porkies write Thier own comedy
 

Chandragupt Maurya

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This is the reason why PA is sitting in the head of their government. Armed forces should never be allowed participate in commercial or civilian activity.
Flow of money is the only way civilian government can control armed forces.
And this is all what Pakistan army can do they can’t fight they fear death more than even the civilians in Pakistan
 

pankaj nema

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I was just seeing the Pakistani people's Reaction on Twitter on this subject of USD -- PKR value

Two things stand out

1 The Dollarisation of Pakistan Economy will happen much faster ,this means more demand for dollars and fall of Pakistan Rupee


2 Present and Future Inflation is a huge concern and will definitely lead to law and order problems

Discontent with Niazi is growing rapidly

We must take advantage of this situation

Give them more pain

After 15 th November , China will be able to do nothing because of winter
 

FalconSlayers

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I was just seeing the Pakistani people's Reaction on Twitter on this subject of USD -- PKR value

Two things stand out

1 The Dollarisation of Pakistan Economy will happen much faster ,this means more demand for dollars and fall of Pakistan Rupee


2 Present and Future Inflation is a huge concern and will definitely lead to law and order problems

Discontent with Niazi is growing rapidly

We must take advantage of this situation

Give them more pain

After 15 th November , China will be able to do nothing because of winter
The more their exports grow, then so grows imports and hence demand for dollar will increase as well, in case of pakistan it’s more severe because they have next to no domestic economy, it’s mostly import based due to high remittances which they get from a big diaspora, which is why I reiterate that paki economy has stagnated, and is no longer a threat. They axed their own economic feet every year since 1947.
 

THESIS THORON

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I was just seeing the Pakistani people's Reaction on Twitter on this subject of USD -- PKR value

Two things stand out

1 The Dollarisation of Pakistan Economy will happen much faster ,this means more demand for dollars and fall of Pakistan Rupee


2 Present and Future Inflation is a huge concern and will definitely lead to law and order problems

Discontent with Niazi is growing rapidly

We must take advantage of this situation

Give them more pain

After 15 th November , China will be able to do nothing because of winter
how much will pkr fall (any estimates) before it stops falling >??
 

saneel2014

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I was just seeing the Pakistani people's Reaction on Twitter on this subject of USD -- PKR value

Two things stand out

1 The Dollarisation of Pakistan Economy will happen much faster ,this means more demand for dollars and fall of Pakistan Rupee


2 Present and Future Inflation is a huge concern and will definitely lead to law and order problems

Discontent with Niazi is growing rapidly

We must take advantage of this situation

Give them more pain

After 15 th November , China will be able to do nothing because of winter
If, the evergrande chinese economic crisis explodes, china will cut pakistan loose and demand their loans back. Pakistani economy will crash.
 

pankaj nema

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how much will pkr fall (any estimates) before it stops falling >??
A lot depends on IMF meeting next month

If IMF imposes more taxes and higher gas and electricity prices which Pakistan refuses , then it is going to be a freefall

If IMF releases money then they get more time to arrange more for more dollars from other lenders

Then it will be a case of a slow descent into a Debt Trap and slow descent for the PKR

But they have definitely entered a Debt trap

The PTI govt wants to spend money on Public welfare before elections

But that leads to increased Trade deficit and demand for dollars

Everything depends on US mood whether they want to suffocate Pakisani economy

Pakistani channels clearly say

Let us sell Gwadar and other areas to China for Debt relief

Finally they will sell land to China just like that Karachi coastal development plan announcement
 

ezsasa

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something is off here..

23 billion $ over 204000 accounts, is 112745 $ average deposit per account.
=========

ISLAMABAD (Dunya News) - Prime Minister Imran Khan was on Wednesday told that with a total of 204,000 Roshan Digital Accounts (RDAs) opened by Overseas Pakistanis, an amount of US $ 23 billion has so far been deposited in RDAs.

The Prime Minister was told this by Governor State Bank Raza Baqir, who called on him here and briefed him about economic revival as well as the digital and current accounts.

He was further told that the number of digital accounts was increasing by around 1000 per day.

The Prime Minister said that increase in the number of Roshan Digital Accounts reflected confidence of the Overseas Pakistanis in the government’s policies.

 

Abdus Salem killed

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something is off here..

23 billion $ over 204000 accounts, is 112745 $ average deposit per account.
=========

ISLAMABAD (Dunya News) - Prime Minister Imran Khan was on Wednesday told that with a total of 204,000 Roshan Digital Accounts (RDAs) opened by Overseas Pakistanis, an amount of US $ 23 billion has so far been deposited in RDAs.

The Prime Minister was told this by Governor State Bank Raza Baqir, who called on him here and briefed him about economic revival as well as the digital and current accounts.

He was further told that the number of digital accounts was increasing by around 1000 per day.

The Prime Minister said that increase in the number of Roshan Digital Accounts reflected confidence of the Overseas Pakistanis in the government’s policies.

What is off sorry'bad at eco?
 

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