Pakistan Economy: News & Discussion

[Sukrut]

$150 billion this year

Does this number count only the exports from indian companies? I believe the actual number should be much higher.

 

[Concard]

Does this number count only the exports from indian companies? I believe the actual number should be much higher.

It is in fact more.

According to a Reserve Bank of India survey, released in September, exports of software services, including services delivered by foreign affiliates of Indian companies, stood at USD 148.3 billion in the fiscal year to March 31, 2021. This is more than USD 145.3 billion the world's top oil exporter, Saudi Arabia expects from oil sales in 2021.

With PLI schemes & global demand recovery, India exports likely to fly high in New Year

After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets

www.business-standard.com

This was last year. So this year it will be more.

 

[FalconSlayers]

Pakistan’s external debt is at $127 Billion (45% of Paki GDP)

View attachment 121588

$130.632 bn debt as of 31st December 2021 (40% of the Paki GDP after rebasing)

 

[FalconSlayers]

Pakistan faces staggering 52% water shortage, essential services disrupted
Pakistan faces a staggering 52% water shortage with the acute water crisis causing disruptions in even essential services like healthcare, local media reported on Tuesday

www.business-standard.com

Pakistan faces staggering 52% water shortage, essential services disrupted

Pakistan faces a staggering 52% water shortage with the acute water crisis causing disruptions in even essential services like healthcare, local media reported on Tuesday

www.business-standard.com

 

[AVERAGE INDIAN]

Drug makers threaten to close 600 factories next week

ISLAMABAD: After failing to convince the Ministry of Finance over the issue of tax imposed on raw material used to manufacture medicines, the Pakistan Pharmaceutical Manufacturers Association (PPMA) gave an ultimatum that it would close around 600 pharma production units across the country next week.

In reply to a question, Usman Shaukat said the finance ministry had offered the industry that it could get interest-free loan from the State Bank of Pakistan, but even it was not feasible.


“We have been left with no option but to close 600 pharmaceutical production units and it has been decided that the chemist and drugs association will also close their medical stores,” he said.


“Government should understand that there is already shortage of a number of medicines just because of narrowing profits on medicines,” he said, adding that energy cost was also continuously increasing due to which the government should take steps to provide relief to the pharma industry. Otherwise, he warned, medicines would either disappear from the market or their prices would go up.

MUJRA NEWS

Drug makers threaten to close 600 factories next week

Give govt five days to withdraw 17pc tax on raw material.

www.dawn.com

 

[AVERAGE INDIAN]

Pakistan Post unable to clear Rs40bn electricity bills

ISLAMABAD: Pakistan Post has been unable to clear more than Rs40 billion in utility bills it has accumulated on behalf of electricity distribution companies (Discos), including K-Electric, and other public service agencies.

The power secretary has called an emergency meeting on Thursday of electricity distribution companies, representatives of the ministries of finance and communications, the Pakistan Post director general and others to address the challenge, given the fact that power companies had to resort to expensive bank borrowing despite government guarantees to clear liabilities of fuel suppliers and power producers.

In its notice to the relevant stakeholders, the Power Division said Discos had claimed that “post officers have been illegally retaining their electricity bill collection since July 2021 and not transferring the collected amount to them, resulting in huge cash shortfalls”.

Data shows that a total amount of Rs35.34bn of 10 electricity companies is stuck up with Pakistan Post while over Rs4bn is payable to other agencies like gas companies (Rs2bn each of SSGCL and SNGPL) and water supply agencies of Karachi, Lahore, Gujranwala and Faisalabad.


The liabilities include Rs8.2bn of Multan Electric, Rs5.14bn of Lahore Electric, Rs4.9bn of Peshawar Electric, Rs4.1bn of K-Electric, Rs4bn of Gujranwala Electric, Rs3bn of Faisalabad Electric, Rs2.4bn of Hyderabad Electric, Rs2.1bn of Islamabad Electric, Rs900 million of Quetta Electric and Rs700m of Sukkur Electric.


MUJRA NEWS

Pakistan Post unable to clear Rs40bn electricity bills

Power secretary calls emergency meeting to address the challenge.

www.dawn.com

 

[AVERAGE INDIAN]

US dollar hits an all time high against Pakistani Rupee

The US dollar link with an increase of 66 paisas on Thursday reached an all-time high link record at Rs180.10 in the country's history.


On Wednesday, the interbank closing of US dollar link was Rs179.44 after an increase of 22 paisas in a day in comparison to Tuesday closing Rs179.22 against Pakistani rupee link.

MUJRA LINK

US dollar hits an all time high against Pakistani Rupee

The US dollar link with an increase of 66 paisas on Thursday reached an all-time high link record at Rs180.10 in the country's history. On Wednesday, the

timesofislamabad.com

 

[Love Charger]

US dollar hits an all time high against Pakistani Rupee

The US dollar link with an increase of 66 paisas on Thursday reached an all-time high link record at Rs180.10 in the country's history.


On Wednesday, the interbank closing of US dollar link was Rs179.44 after an increase of 22 paisas in a day in comparison to Tuesday closing Rs179.22 against Pakistani rupee link.

MUJRA LINK

US dollar hits an all time high against Pakistani Rupee

The US dollar link with an increase of 66 paisas on Thursday reached an all-time high link record at Rs180.10 in the country's history. On Wednesday, the

timesofislamabad.com

Write haram link next time please

 

[AVERAGE INDIAN]

US court denies relief to Pakistan in Reko Diq case

District court tells Pakistan to comply with the $6bn award


ISLAMABAD:
Washington DC’s District Court has dismissed Pakistan’s motions for stay enforcement of $6 billion award against the country in Reko Diq case by the International Centre for Settlement of Investment Disputes (ICSID) in July 2019.

The ICSID imposed a $6 billion fine on Pakistan on July 12, 2019 for revoking a contract for mining at Reko Diq in Balochistan. A British Virgin Islands (BVI) court also ruled on the matter, attaching Pakistan International Airlines’ (PIA) assets in New York and Central Paris to enforce the award.
Investment Arbitration Reporter (IA Reporter) has reported that Pakistan argued that it had not waived its sovereign immunity under the Foreign Sovereign Immunities Act
(FSIA) since no valid arbitration agreement existed.

The court, however, emphasised that it was not entitled to review such an arbitrability argument with respect to an ICSID award under the FSIA. It added that even if it were allowed to do so, it would owe deference to the arbitration tribunal’s decision on this issue.

Harami LINK with MUJRA MASALA

US court denies relief to Pakistan in Reko Diq case | The Express Tribune

District court tells Pakistan to comply with the $6bn award

tribune.com.pk

 

[AVERAGE INDIAN]

Not Sure this is posted

our next door whore is looking for it old sugar daddy

Pakistan ready to scrap CPEC: Report

Amid growing economic woes and international isolation forcing over-reliance on China, Pakistani officials are ready to scrap the China-Pakistan Economic Corridor (CPEC) if the US could offer a similar deal, a news report said.

Pakistani authorities who remain predisposed to the West have even offered to scrap or sideline the CPEC if Washington could offer similar financial assistance, said Asia Times citing inside sources.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

 

[Love Charger]

Not Sure this is posted

our next door whore is looking for it old sugar daddy

Pakistan ready to scrap CPEC: Report

Amid growing economic woes and international isolation forcing over-reliance on China, Pakistani officials are ready to scrap the China-Pakistan Economic Corridor (CPEC) if the US could offer a similar deal, a news report said.

Pakistani authorities who remain predisposed to the West have even offered to scrap or sideline the CPEC if Washington could offer similar financial assistance, said Asia Times citing inside sources.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

Pakistan to usa right now -

 

[AVERAGE INDIAN]

Pakistan new YES BOSS IMF ????????????

The International Monetary Fund (IMF) has sought copies of financial agreements with the provincial governments and other details from the federal government to confirm the financing of discounts on electricity and petroleum products announced by Prime Minister Imran Khan, Finance Minister Shaukat Tarin disclosed at a press conference on Sunday.

HARAMI LINK MUJRA NEWS

IMF sought copies of financial agreements with provincial govts

ISLAMABAD: The International Monetary Fund (IMF) has sought copies of financial agreements

www.paktribune.com

 

[AVERAGE INDIAN]

PAKI WHORES BACK to Sucking ARABS

Islamic Development Bank offers $180m to support Pakistan’s green agenda

RIYADH: The Islamic Development Bank has signed three financing agreements, valued at $180 million, with the Government of Pakistan, to support its green agenda, it said, in a statement.

The financing is set to fund the Mohmand Dam and Hydropower Plant project. It aims to add 800 megawatts to Pakistan’s installed hydropower capacity and generate approximately 2,862 gigawatt hours annually.
“We are working with other players from the Arab Coordination Group to develop a multi-purpose dam. It will not only enhance energy and water supply, but also the livelihoods of the local communities, and better protect them against floods,” IsDB’s president said.

“The signing of these agreements is testimony to the continuity of the strong partnership between Pakistan and IsDB Group. It aligns with the country’s priorities and our own commitments to allocate more financing to climate-friendly projects,” Muhammad Al Jasser added.

Upon completion, the dam will enhance energy generation and provide sustainable water resources for agriculture and human consumption in the province, contributing to national energy and water security.
The funding supports Pakistan’s efforts to achieve the goal stated in its Vision 2025 of more than doubling its installed hydropower capacity by 2030.

AL-HABABI LINK

Islamic Development Bank offers $180m to support Pakistan’s green agenda

RIYADH: The Islamic Development Bank has signed three financing agreements, valued at $180 million, with the Government of Pakistan, to support its green agenda, it said, in a statement. The financing is set to fund the Mohmand Dam and Hydropower Plant project. It aims to add 800 megawatts to...

www.arabnews.com

 

[FalconSlayers]

 

[Covfefe]

It's never the "historically accumulated debt" rather debt is a way of financial operation in napakistan. Imranduwalas keep harping the fact that Imrandu had to take loans because his predecessors had left the burden- but if you look at the data even the circular debt has risen in his term. He didn't improve the vicious cycle, he worsened it. Can you believe this meme of a country used to monetize it's deficit using it's central bank, in like non covid years too? That thing is like a big no-no in any sane economy of the world.

 

[FalconSlayers]

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.

Al-Bakistanis are so predictable
View attachment 141801




For folks who want to know the reason for their currency crash
Their Current Account Deficit can never be cured, the whole country is a failed project.

 

[Covfefe]

View attachment 147099

Market mein 185 hoga

 

[FalconSlayers]

Market mein 185 hoga

 

[ezsasa]

youtube algorithm wanted me to see this a few days back, seems to be an electrical wire making factory in pakistan. i am assuming this comes under informal economy.

has anyone seen similar operations in India?

 

[SKC]

youtube algorithm wanted me to see this a few days back, seems to be an electrical wire making factory in pakistan. i am assuming this comes under informal economy.

has anyone seen similar operations in India?

Wire Molding machines. Quite common