Pakistan Economy: News & Discussion

[Mikesingh]

Bankrupt Pakistan! The inevitable slide to Doom!

Check out this video from a Pak analyst. Watch till the end. It's worth a dekho!


That said, seeing Pakistan's precarious economic situation, it is still buying 28 Chinese J-10C fighter aircraft for approx $1.2 billion dollars (Rs 14,000 crores PKR) and 8 diesel-electric submarines for $5 billion (Rs 75,000 crores PKR). It is also buying 4 frigates for approx $1.5 billion (One delivered already). This totals $7.7 billion (Rs 100,000 crores PKR). Where is all this money coming from?? Drug trade and mortgaging Pak to China?

 

[Shuturmurg]

Bankrupt Pakistan! The inevitable slide to Doom!

Check out this video from a Pak analyst. Watch till the end. It's worth a dekho!


That said, seeing Pakistan's precarious economic situation, it is still buying 28 Chinese J-10C fighter aircraft for approx $1.2 billion dollars (Rs 14,000 crores PKR) and 8 diesel-electric submarines for $5 billion (Rs 75,000 crores PKR). It is also buying 4 frigates for approx $1.5 billion (One delivered already). This totals $7.7 billion (Rs 100,000 crores PKR). Where is all this money coming from?? Drug trade and mortgaging Pak to China?

Most probably chinese giving them stuff for free. Chinese want to make sure that balance of power is maintained is south asia so that India is busy with pakistanis instead of expanding influence.

 

[Abdus Salem killed]

Bankrupt Pakistan! The inevitable slide to Doom!

Check out this video from a Pak analyst. Watch till the end. It's worth a dekho!


That said, seeing Pakistan's precarious economic situation, it is still buying 28 Chinese J-10C fighter aircraft for approx $1.2 billion dollars (Rs 14,000 crores PKR) and 8 diesel-electric submarines for $5 billion (Rs 75,000 crores PKR). It is also buying 4 frigates for approx $1.5 billion (One delivered already). This totals $7.7 billion (Rs 100,000 crores PKR). Where is all this money coming from?? Drug trade and mortgaging Pak to China?

28 Chinese J-10C fighter aircraft for approx $1.2 billion dollars
Isn't that throwaway price how is it so cheap
Mind-boggling

 

[Covfefe]

Bankrupt Pakistan! The inevitable slide to Doom!

Check out this video from a Pak analyst. Watch till the end. It's worth a dekho!


That said, seeing Pakistan's precarious economic situation, it is still buying 28 Chinese J-10C fighter aircraft for approx $1.2 billion dollars (Rs 14,000 crores PKR) and 8 diesel-electric submarines for $5 billion (Rs 75,000 crores PKR). It is also buying 4 frigates for approx $1.5 billion (One delivered already). This totals $7.7 billion (Rs 100,000 crores PKR). Where is all this money coming from?? Drug trade and mortgaging Pak to China?

Money is coming by skinning Pakistanis alive thru their taxes and other monopolistic control by Fauji foundation derivatives. Pakistan is a poor state, Pakistani army is not a poor military. The 9 billion dollars of stated budgetary figures are joke- the real budget is hard to estimate. China may donate a few hundred million dollars in kind(like it recently gave to Phillipines after Brahmos deal; announced a 500 million USD investment in the central asian states after 26 Jan meet), but they will never bankroll a country as big as Pakistan.

Edit: SBP chairman recently in a video interaction cautioned the commercial banks of Pakistan against giving any loans to Paki government. He clearly called out a very real possibility of default by the government

 

[FalconSlayers]

Money is coming by skinning Pakistanis alive thru their taxes and other monopolistic control by Fauji foundation derivatives. Pakistan is a poor state, Pakistani army is not a poor military. The 9 billion dollars of stated budgetary figures are joke- the real budget is hard to estimate. China may donate a few hundred million dollars in kind(like it recently gave to Phillipines after Brahmos deal; announced a 500 million USD investment in the central asian states after 26 Jan meet), but they will never bankroll a country as big as Pakistan.

Edit: SBP chairman recently in a video interaction cautioned the commercial banks of Pakistan against giving any loans to Paki government. He clearly called out a very real possibility of default by the government

Online Pakis vent their frustrations posting articles showing how India is drowning as they think their country is not in a financial crises, validating my Nazariah of “Dono barabari ke mulq” regarding Paki mentality that both India and Pakistan are equal in everything just because our streets look similar. They think that India is as rich as Pakistan, India is as developed as Pakistan, and so on and so forth. They are deluded to the core.

And ya propaganda warfare is a meme, 10 years of growth in India and making sure Pakistan crumbles economically will be the biggest propaganda victory, as success is the best revenge.

 

[Concard]

Most probably chinese giving them stuff for free. Chinese want to make sure that balance of power is maintained is south asia so that India is busy with pakistanis instead of expanding influence.

Chinese will give few crumbs but not millions let alone billions in military equipment.

 

[Mikesingh]

Most probably chinese giving them stuff for free. Chinese want to make sure that balance of power is maintained is south asia so that India is busy with pakistanis instead of expanding influence.

There are no free lunches where the Hans are concerned. They are 100% businessmen. They will take their pound of flesh come what may! Either your money or your life! In this case it's the land and assets of Pak. Gwadar they've taken on an indefinite extendable lease for 40 years. Port Qasim is next. Pak has already mortgaged their highways, airports, etc

The wave began with highways, later extending to motorways, airports, PTV, Radio Pakistan, and parks in this list.

In 2006, amidst hymns to ‘high growth’, Rs 6 billion PKR was raised by mortgaging toll-yielding roads like M-1, M-4, IMDC, and Okara Bypass. In 2014, $1bn was raised by pledging the Hafizabad-Lahore section of the Motorway. An additional Rs 49 billion PKR was raised through pledging the Faisalabad-Pindi Bhatia section of the Motorway (other sections too have been pledged over time). From 2013 to 2016, Karachi’s Jinnah International Airport was mortgaged for raising a sum of around Rs 492 billion PKR. And then to top it all, PTV’s assets plus that of Radio Pakistan were also mortgaged to their Han masters during that time.

In a nutshell, Pak is hurtling down the road to becoming the next province of China.

 

[FalconSlayers]

Next in pipeline is bheekh from Somalia

 

[Mikesingh]

Next in pipeline is bheekh from Somalia
View attachment 134973

$1000 from Burkina Faso next!!!! And $500 from Guinea Bissau!!

 

[Op Kahuta]

After getting their govt nd army personnel compromised repeatedly by our APT groups, pigs are asking abbu to help when abbu himself got hacked by daddy taiwan

 

[FalconSlayers]

And how does that happen? Paki day dreaming has no cure.

 

[HawkisRight]

And how does that happen? Paki day dreaming has no cure.

Since 1952 Paxtan has achieved 5% gdp growth rate...And Since 1952 Paxtan has had 22 bailout packages from IMF...inbred porks think they are some Mughaliya Sultanate supapowa..they always talk big and never admit ground realities..porks are third class convert filth on bailout since its independence... Eternal Bhikharis

 

[Concard]

Since 1952 Paxtan has achieved 5% gdp growth rate...And Since 1952 Paxtan has had 22 bailout packages from IMF...inbred porks think they are some Mughaliya Sultanate supapowa..they always talk big and never admit ground realities..porks are third class convert filth on bailout since its independence... Eternal Bhikharis

Pakistan will continue to run to IMF for the simple reason that they have no industrial base other than in textiles which also runs on old machinery. If their textile export market is captured slowly in the coming years by India and Bangladesh or SEA countries, they will be doomed. They will be running even huge trade deficits which they cannot sustain and have to seek IMF help eventually. Look at their export map. Unlike India they don't even have service industry. If India PLI scheme succeeds in Textiles we can totally knock them out of their export markets in EU and North America.

Everything in that map is low value added products. It is either textiles or agricultural products. India hit $50 billion in agricultural exports alone this year. Given enough support for our agricultural sector in the form of tech and new export markets, our products will surely win with economies of scale. The same goes for our textile sector.

 

[ezsasa]

And how does that happen? Paki day dreaming has no cure.

and because of revision of base year, it now takes 3.5 billion $ to grow 1 % , which is more than 2.7 billion $ before base year revision.

because of currency devaluation,5-6% growth is next to impossible without cooking the books.

 

[FalconSlayers]

and because of revision of base year, it now takes 3.5 billion $ to grow 1 % , which is more than 2.7 billion $ before base year revision.

because of currency devaluation,5-6% growth is next to impossible without cooking the books.

Their currency is stable as of now, and the way Paki currency has been depreciating it usually stays stable after a crash and then after remaining stable crashes again. Expecting another crash in a few months.

 

[Dr_Deep]

Pakistan will continue to run to IMF for the simple reason that they have no industrial base other than in textiles which also runs on old machinery. If their textile export market is captured slowly in the coming years by India and Bangladesh or SEA countries, they will be doomed. They will be running even huge trade deficits which they cannot sustain and have to seek IMF help eventually. Look at their export map. Unlike India they don't even have service industry. If India PLI scheme succeeds in Textiles we can totally knock them out of their export markets in EU and North America.
View attachment 135778
Everything in that map is low value added products. It is either textiles or agricultural products. India hit $50 billion in agricultural exports alone this year. Given enough support for our agricultural sector in the form of tech and new export markets, our products will surely win with economies of scale. The same goes for our textile sector.

InshaGanesha ... Badshahi Mosque banega Bhagwaan Ram ka Mandir..Ameen

 

[Shuturmurg]

We should lobby EU to kick Pakistan out of GSP+

 

[FalconSlayers]

Huge investment on the way as PM finalises deals with chinese firms

PM Imran finalises deals with major investment companies in China | The Express Tribune

Thousands of jobs will be created as a result of more Chinese investment in different sectors of Pakistan

tribune.com.pk

 

[FalconSlayers]

We should lobby EU to kick Pakistan out of GSP+

Pakis will rather get GSP+ extended by EU given that GSP+ will expire in 2024 and Pakis don’t have anything competitiveness. Much of their export growth is caused by US and EU GSP schemes. And EU will extend their GSP+ knowing that Pakis will literally collapse if their exports stop growing and we know what will happen next.

 

[blackleaf]

Pakistan will continue to run to IMF for the simple reason that they have no industrial base other than in textiles which also runs on old machinery. If their textile export market is captured slowly in the coming years by India and Bangladesh or SEA countries, they will be doomed. They will be running even huge trade deficits which they cannot sustain and have to seek IMF help eventually. Look at their export map. Unlike India they don't even have service industry. If India PLI scheme succeeds in Textiles we can totally knock them out of their export markets in EU and North America.
View attachment 135778
Everything in that map is low value added products. It is either textiles or agricultural products. India hit $50 billion in agricultural exports alone this year. Given enough support for our agricultural sector in the form of tech and new export markets, our products will surely win with economies of scale. The same goes for our textile sector.

The only thing that makes Pakistan's textile exports even somewhat competitive is the duty free access it gets to western markets due to being a LDC.
India needs to sign free trade agreements with the EU and US and other current account deficit countries as well in order to compete.
It would be good if India could convince the EU and others to remove Pakistan's GSP benefits for it's support of terror but that might be hoping for too much.