Pakistan Economy: News & Discussion

[Kshatriya87]

Pakistan Stock Market (KSE100) - Forecast
The Pakistan Stock Market (KSE100) is expected to trade at 40397.36 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 38842.04 in 12 months time.

Pakistan Markets Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 123 123 124 125 126 130
Stock Market 39226 40397 39873 39354 38842 36861
Government Bond 10Y10.7 10.32 10.49 10.66 10.84 11.57

 

[The Ultranationalist]

Now we should force porkistan to spend more and more on defence which eventually will lead porkistan to total bankruptcy.

 

[lcafanboy]

Now we should force porkistan to spend more and more on defence which eventually will lead porkistan to total bankruptcy.

That's what is precisely being done by current government. Pakistani economy's present dire condition is partly due to India's covert threats and surgical strikes and border shelling, ins Arihant chakra, agni 5, which is forcing them to spend more than they can afford. Now with S-400 & Rafale deal they will be forced to spend more. You can see them crooning about S-400 how it blunts their defence preparedness and overtly telling russia to not bet on India alone....:biggrin2::biggrin2:

Final nail in the coffin is India with the help of US stopping pakistan from getting any type of loan from IMF and other financial institutions which will speed up Pakistani bankruptcy....:biggrin2::biggrin2:

 

[Kumaoni21]

Although they are approaching IMF for bailout but still they want to fly armed drones.

http://www.globaltimes.cn/content/1122171.shtml

China, Pakistan to jointly manufacture Chinese aerial drones: report
By Liu Xuanzun Source:Global Times Published: 2018/10/8 23:18:39

Pakistan will reportedly import 48 Chinese drones in what a Chinese military observer said must be the largest such arms deal of its kind.

Announcing the deal on its official Facebook account on Sunday, the Pakistan Air Force's Sherdils Aerobatic Team did not reveal how much it was worth, when it was struck or when the Wing Loong IIs will be delivered.

But the air force academy aerobatics team announced that in the future the Pakistan Aeronautical Complex Kamra and the Aviation Industry Corporation of China's Chengdu Aircraft Industrial (Group) Company will jointly manufacture the drones.

Wing Loong II, made by Chengdu Aircraft Industrial (Group) Company, is a high-end reconnaissance and strike multi-role endurance unmanned aircraft system.

It made its maiden flight in February last year, the Xinhua News Agency reported.

The largest overseas order for Wing Loong IIs was obtained even before the maiden flight, Xinhua reported. The report did not specify the buyer.

A deal involving as many as 48 Wing Loong IIs, if confirmed, would be China's largest export deal for drones to date, Song Zhongping, a military expert and TV commentator, told the Global Times on Monday.

Chengdu Aircraft Industrial Group did not confirm the deal when reached by the Global Times as of press time.

It makes sense the aerobatic team was closely involved with the deal, Song said, noting that the team is expected to train the drone operators.

The deal is trustworthy given the close military ties between the two countries and Pakistan's need for drones, Song said.

US drones like the MQ-1 Predator and MQ-9 Reaper are technologically more advanced, but Washington limits their export, Song said.

Chinese drones will enjoy more success in the international market in the future, he said, as they perform similarly at a lower cost.

"Chinese UAVs (unmanned aerial vehicles) like Caihong series also has clients from countries like Iraq and Saudi Arabia," Song said.

 

[Kshatriya87]

Now we should force porkistan to spend more and more on defence which eventually will lead porkistan to total bankruptcy.

A small war will do that .

 

[Kshatriya87]

You can see them crooning about S-400 how it blunts their defence preparedness and overtly telling russia to not bet on India alone....:biggrin2::biggrin2:

S400 affects their "strategic balance".

 

[Kshatriya87]

Pakistan to approach IMF for a bailout, Asad Umar announces
@sorcerer

 

[Kshatriya87]

Pakistan has gone to the IMF repeatedly since the late 1980s. The last time was in 2013, when Islamabad got a $6.6 billion loan to tackle a similar crisis.

 

[Kshatriya87]

KSE-100 Index slides 1,328 points amidst global sell-off

AFP | Dawn.comUpdated October 08, 2018
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The Pakistan Stock Exchange's benchmark KSE-100 Index plummeted 1,328 points (3.39 per cent) amidst a global market sell-off as investors abandoned positions fearing macroeconomic headwinds and trade weaknesses.

 

[Kshatriya87]

Rupee falls to 3-mth low of 128.50

 

[Adioz]

Pakistan to approach IMF for a bailout, Asad Umar announces
@sorcerer

Lets just hope Uncle Sam is able to ensure that Porkies do not get a penny from IMF until they shut their terror network and hand over Hafiz Saed to India. (Which might mean never)

Forcing this bailout is a job well done by India and China.

 

[Kshatriya87]

Lets just hope Uncle Sam is able to ensure that Porkies do not get a penny from IMF until they shut their terror network and hand over Hafiz Saed to India. (Which might mean never)

Forcing this bailout is a job well done by India and China.

Yeah. I just hope USA doesn't allow the IMF to fund bailout to porkis as a punishment to India for buying S400.

 

[sorcerer]

Yeah. I just hope USA doesn't allow the IMF to fund bailout to porkis as a punishment to India for buying S400.

The current Indian Stance will ensure that USA dont use TERRORISM or Terroristan as a leverage against India.

 

[The Ultranationalist]

A small war will do that .

An actual war is not necessary, just an atmosphere of imminent war would do. We should wait till the porkies get the installments of loan sanctioned for them by the IMF and then start moving troops and armour to the border and start shelling paki posts, activate all our forward airbases and start combat air patrols and also naval movements. Pakis will then be forced to spend all their borrowed money on war preparations and when they have had spent the last penny of their loan, we should move back and take defensive positions. Money spent on defence and social sector does not generate wealth in a country. Heavy spending on these two sectors caused an economic crisis in our country back in 1991. Hows that for a plan

 

[Butter Chicken]

Pakistan rupee falls almost 9% today,hits 138 to the dollar !

 

[Kshatriya87]

Pakistan rupee falls almost 9% today,hits 138 to the dollar !

Must be because of the news that pakis started seeking IMF bailout officially.

 

[Butter Chicken]

Meanwhile World No.1 Fauj wants to buy 2550 Honda cars,even with Pakistan in an economic crisis

 

[aarav]

Currency depreciation is just one of the conditions of IMF ,other is no subsidy to citizens , increase in commodity rates and increase tax base and get them to pay bills ,Naya Bakistan of Taliban Khan , still US has veto over IMF ,pakis are US bitch now after Saudi and Chinks ditched them ,need to see if the same script repeats of US coming to Paki rescue and saving their defaulting asses,if that's the case then we 'll decide our policy accordingly

 

[Jackd]

Meanwhile World No.1 Fauj wants to buy 2550 Honda cars,even with Pakistan in an economic crisis

They could have just bought the cars sold by imran Khan

 

[Kshatriya87]

Pakistan’s stock market keeps losing amid uncertainty over external funding

• PM Imran Khan’s administration remains indecisive about availing IMF program to steer the country out of financial trouble
• “In case of availing IMF program a big disaster would be knocking at our doors”, says Dr Shahida Wizarat

On Sunday Pakistan’s Prime Minister Imran Khan hinted at approaching the IMF, saying: “We may approach the IMF for support to the country’s financial problems,” but he insisted on looking toward other countries: “We have requested three countries to deposit funds in the State Bank of Pakistan that would boost the country’s foreign exchange reserves.”