Pakistan Economy: News & Discussion

[MonaLazy]

23 billion $

Shoddy editing by dunyanews- inflated the number by 10x!

Cumulative deposit inflow under the Roshan Digital Account (RDA) has amounted to $2.11 billion in its first year, stated the State Bank of Pakistan (SBP).

Roshan Digital Account: Full-year inflow clocks in at $2.11 billion

* Pakistan attracts $245 million in August, taking cumulative amount to $2.114 billion

www.brecorder.com

Wiki confirms the same:

Roshan Digital Account (RDA) is a banking facility available to Non-resident Pakistanis, this facility allows Pakistani nationals living abroad to have access to banking services within Pakistan without having to visit a consulate, embassy or a physical bank branch. The initiative was launched by the government of Imran Khan, who inaugurated the programme in September 2020.[1] Toward the end of August 2021, RDA deposits had exceeded $2 billion

Pretty sure Paxis (handsome included) won't bother double checking it. The urdu press of Paxtan will multiply it another 10x. Everyone's happy.

 

[HitmanBlood]

Post again about pak railways.

It all started 2 years ago when I heard the news about train fire in Pakistan caused by passengers cooking food inside a passanger train car using a gas cylinder that they brought with them. As per Pakistani railway minister bringing gas cylinders and cooking in passanger car is a comman practice in Pakistani trains.

After reading that I was like WTF... Then I started doing deep research on Pakistani railway system and many surprising figures came out of it.

First Pakistanis railway did not expand like Indian railways after 1947. Instead Pakistani railway track declined from 8,124 km of track in 1947 to 7,791 km at present. Its not that they didn't build any new tracks. They did but they abandoned more than they build therefore reduction in number of total lines.

Here is a list of lines abandoned by Pakistani railways

Abandoned and dismantled railway lines in Pakistan - Wikipedia

en.m.wikipedia.org

Because of lack of funds Pakistan also abandoned most narrow and meter gauge lines instead of upgrading them. Therefore Pakistan today only has broadgauge lines.

Pakistan railways only has 190 working locomotives in entire country. This includes both passanger and freight. All their locos are diesel because Pakistan has zero electrification of railways. In past they had one electric line but it was scraped because as per Paki railways minister, "people were stealing electric overhead cables".

Rail coaches of pakistan aren't good either. Some of them don't even have proper seats and only offer side wall seating as shown below. In such cars, during crowding people just sit on the floor.

There are 3339 railway crossings in Pakistan, majority of them 1875 are unmanned crossings. Only a minority of crossing 1514 have any barriers to stop road traffic when train is passing.

Pakistan has only one railway factory called Pakistan Locomotive Factory. However unlike its name it doesn't make locos but its more like a service station for imported locomotives in Pakistan.


In short Pakistani railways is a neglected rust bucket.


Here is an NYT article on sorry state of Paki railways

After Decades of Neglect, Pakistan Rusts in Its Tracks (Published 2013)

A journey across Pakistan’s crumbling railway presents a picture of the country’s troubles: natural disasters and hardened insurgencies, abject poverty and feudal kleptocrats, and an economy near meltdown.

www.nytimes.com

 

[ezsasa]

It all started 2 years ago when I heard the news about train fire in Pakistan caused by passengers cooking food inside a passanger train car using a gas cylinder that they brought with them. As per Pakistani railway minister bringing gas cylinders and cooking in passanger car is a comman practice in Pakistani trains.

After reading that I was like WTF... Then I started doing deep research on Pakistani railway system and many surprising figures came out of it.

First Pakistanis railway did not expand like Indian railways after 1947. Instead Pakistani railway track declined from 8,124 km of track in 1947 to 7,791 km at present. Its not that they didn't build any new tracks. They did but they abandoned more than they build therefore reduction in number of total lines.

Here is a list of lines abandoned by Pakistani railways

Abandoned and dismantled railway lines in Pakistan - Wikipedia

en.m.wikipedia.org

Because of lack of funds Pakistan also abandoned most narrow and meter gauge lines instead of upgrading them. Therefore Pakistan today only has broadgauge lines.

Pakistan railways only has 190 working locomotives in entire country. This includes both passanger and freight. All their locos are diesel because Pakistan has zero electrification of railways. In past they had one electric line but it was scraped because as per Paki railways minister, "people were stealing electric overhead cables".

Rail coaches of pakistan aren't good either. Some of them don't even have proper seats and only offer side wall seating as shown below. In such cars, during crowding people just sit on the floor.

View attachment 112390

There are 3339 railway crossings in Pakistan, majority of them 1875 are unmanned crossings. Only a minority of crossing 1514 have any barriers to stop road traffic when train is passing.

Pakistan has only one railway factory called Pakistan Locomotive Factory. However unlike its name it doesn't make locos but its more like a service station for imported locomotives in Pakistan.


In short Pakistani railways is a neglected rust bucket.


Here is an NYT article on sorry state of Paki railways

After Decades of Neglect, Pakistan Rusts in Its Tracks (Published 2013)

A journey across Pakistan’s crumbling railway presents a picture of the country’s troubles: natural disasters and hardened insurgencies, abject poverty and feudal kleptocrats, and an economy near meltdown.

www.nytimes.com

Niazi is now dumping 120 million $ on reviving karachi circular railway (KCR), with none of it planned to be spent on trains themselves but rather on railway crossings.

 

[Marliii]

It all started 2 years ago when I heard the news about train fire in Pakistan caused by passengers cooking food inside a passanger train car using a gas cylinder that they brought with them. As per Pakistani railway minister bringing gas cylinders and cooking in passanger car is a comman practice in Pakistani trains.

After reading that I was like WTF... Then I started doing deep research on Pakistani railway system and many surprising figures came out of it.

First Pakistanis railway did not expand like Indian railways after 1947. Instead Pakistani railway track declined from 8,124 km of track in 1947 to 7,791 km at present. Its not that they didn't build any new tracks. They did but they abandoned more than they build therefore reduction in number of total lines.

Here is a list of lines abandoned by Pakistani railways

Abandoned and dismantled railway lines in Pakistan - Wikipedia

en.m.wikipedia.org

Because of lack of funds Pakistan also abandoned most narrow and meter gauge lines instead of upgrading them. Therefore Pakistan today only has broadgauge lines.

Pakistan railways only has 190 working locomotives in entire country. This includes both passanger and freight. All their locos are diesel because Pakistan has zero electrification of railways. In past they had one electric line but it was scraped because as per Paki railways minister, "people were stealing electric overhead cables".

Rail coaches of pakistan aren't good either. Some of them don't even have proper seats and only offer side wall seating as shown below. In such cars, during crowding people just sit on the floor.

View attachment 112390

There are 3339 railway crossings in Pakistan, majority of them 1875 are unmanned crossings. Only a minority of crossing 1514 have any barriers to stop road traffic when train is passing.

Pakistan has only one railway factory called Pakistan Locomotive Factory. However unlike its name it doesn't make locos but its more like a service station for imported locomotives in Pakistan.


In short Pakistani railways is a neglected rust bucket.


Here is an NYT article on sorry state of Paki railways

After Decades of Neglect, Pakistan Rusts in Its Tracks (Published 2013)

A journey across Pakistan’s crumbling railway presents a picture of the country’s troubles: natural disasters and hardened insurgencies, abject poverty and feudal kleptocrats, and an economy near meltdown.

www.nytimes.com

What's the condition of their roads? Porks in quora always say that they have the best roads in all of south asia and because India is a large country it funded on railways and pakistan on roads.

 

[FalconSlayers]

 

[avknight1408]

 

[HitmanBlood]

What's the condition of their roads? Porks in quora always say that they have the best roads in all of south asia and because India is a large country it funded on railways and pakistan on roads.

Roads in Pakistan are much better compared to their railway system. Their motorway is especially good. Until a few years ago Pakistan had more KMs of expressway compared to India. However their regular highways are mostly 2 lane roads and their rural and mountain roads aren't that good either. Pakistan also has a low density of roads in comparison to their land area.

Their flagship road network is Motorways. Which looks good in pictures but for everage pakis the toll cost is so much that it has become a road for privileged class only. Most vehicles in Pakistan avoid motorways and use regular roads because its toll free.

WITNESS: Failed state? Try Pakistan's M2 motorway

Alistair Scrutton first joined Reuters in 1998 as correspondent in Peru. Then he moved to Buenos Aires as senior correspondent for southern Latin America, covering coups in Bolivia, rebel violence in Peru and Argentina's 2001-2002 economic explosion which sparked the world's biggest sovereign...

www.reuters.com

For most part Pakistani flagship roads are heavily underutilised and since have become white elephants. They aren't generating enough cash and paki gov has even leased/sold parts to foreign companies to generate money.

Pakistan’s misguided obsession with infrastructure

The government is building more airports, roads and railways, even though the existing ones are underused

www.economist.com

Pakistan has spent billions of USD over the decades to build motorways for a country that doesn't need it while completely ignoring key infrastructure projects that could've been useful to their country.

Now coming to paki claims. They are over exaggerated as usual. Their road infra is good but definitely not best in South Asia.

Finally, Roads and railway can't be substituted for eachother. Both are required. Because of over reliance on road network freight movement becomes expencive which adds to price of the goods and for people travelling becomes expencive.

 

[Covfefe]

Tabdeeli vro, tabdeeli-

Fitch expects Pakistani rupee to weaken further in 2022

Fitch Ratings revised down its forecasts for the Pakistani rupee on Thursday for both this year and next due to a variety of factors including an increased flow of U.S. dollars into neighbouring Afghanistan.

www.reuters.com

 

[FalconSlayers]

Tabdeeli vro, tabdeeli-

Fitch expects Pakistani rupee to weaken further in 2022

Fitch Ratings revised down its forecasts for the Pakistani rupee on Thursday for both this year and next due to a variety of factors including an increased flow of U.S. dollars into neighbouring Afghanistan.

www.reuters.com

 

[Haldilal]

Ya'll Nibbiars

 

[LaIllahaSigmar]

What's the condition of their roads? Porks in quora always say that they have the best roads in all of south asia and because India is a large country it funded on railways and pakistan on roads.

Delhorny here also had the same point but didn't provide any proof or evidence.

Maybe it was based on some report from early 2000s or late 1990s.

 

[ezsasa]

Congratulations CCP!!! apparently Islam has been your state religion, you just didn't know about it.
Imran Khan Niazi always know more about other countries than that country themselves, after all he lived 30 years mulk ke bahir.
=====================

The reason China progressed was that it followed the model of Riyasat-e-Madina, he added.

PM Imran launches 'landmark' Kamyab Pakistan Programme

Premier says country made "huge mistake" by not following founding fathers' ideas of a welfare state.

www.dawn.com

 

[Haldilal]

Congratulations CCP!!! apparently Islam has been your state religion, you just didn't know about it.
Imran Khan Niazi always know more about other countries than that country themselves, after all he lived 30 years mulk ke bahir.
=====================

PM Imran launches 'landmark' Kamyab Pakistan Programme

Premier says country made "huge mistake" by not following founding fathers' ideas of a welfare state.

www.dawn.com

Ya'll Nibbiars nahi Janab aap ki soch jahil hain CCP are the true gods. They are the Kingdome under the Heaven.

 

[Covfefe]

Congratulations CCP!!! apparently Islam has been your state religion, you just didn't know about it.
Imran Khan Niazi always know more about other countries than that country themselves, after all he lived 30 years mulk ke bahir.
=====================

PM Imran launches 'landmark' Kamyab Pakistan Programme

Premier says country made "huge mistake" by not following founding fathers' ideas of a welfare state.

www.dawn.com

They misspelled 'lundmark' in their headlines.

 

[Haldilal]

They misspelled 'lundmark' in their headlines.

Ya'll Nibbiars ji janab wahi likha hai bas apne padhne mein galti kar de. Yeh Paki Mullahs ki bhasa mein aise hei likha jata hai.

 

[ezsasa]

Congratulations CCP!!! apparently Islam has been your state religion, you just didn't know about it.
Imran Khan Niazi always know more about other countries than that country themselves, after all he lived 30 years mulk ke bahir.
=====================

PM Imran launches 'landmark' Kamyab Pakistan Programme

Premier says country made "huge mistake" by not following founding fathers' ideas of a welfare state.

www.dawn.com

and by the way, this speech from a prime minister of a country for launching training material for bank agents to give out mudra loan type scheme.

 

[Haldilal]

and by the way, this speech from a prime minister of a country for launching training material for bank agents to give out mudra loan type scheme.

Ya'll Nibbiars Ji Janab is mein bhi Modi aya. Kafir ki chal janab kafir ki chal.

 

[FalconSlayers]

View attachment 112522

 

[Chandragupt Maurya]

View attachment 113128

Tabdeeli

 

[Tshering22]

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 cinemas and only 87K Netflix subscribers!? In 2019?