Pakistan Economy: News & Discussion

[ezsasa]

Support for Pakistan has ebbed away – yet its deadly floodwaters have not

it's been months, yet they keep saying floods haven't receded, and no independent images to confirm this.

 

[NutCracker]

One by one All temporary Shutdowns will turn into permanent

Textile, automobile...all

Pak Suzuki extends plant shutdown

Sales of Pak Suzuki fell by 35pc in five months of FY23 to 37,042 units from 57,200 in the same period last fiscal year.

www.dawn.com

 

[The Juggernaut]

it's been months, yet they keep saying floods haven't receded, and no independent images to confirm this.

I read some reports that water table level is dangerously high, may place even graves are full of water. Crops are getting hurt because of too much water content. But no images. Life struck back to many years.

 

[Indx TechStyle]

There are no permanent enemies or friends. Indonesia is a country with potential, economically and militarily and if they succeed economically they will have a strong Navy. Just because they are relatively friendly today doesn't mean that it won't change.

Current projections says that Indonesia could become a 10 trillion economy by 2050. If they do, they can build a navy that can challenge IN. Might not be able to defeat IN but certainly have the potential to challenge.

I don't know where this assumption that Indonesia won't become hostile came from. They were once and they could be again. Coupled with economic growth, it's can be a problem.

Can you define parameters for "challenging" and gaps given that current military gap is nowhere near to be filled at best? A military expansion and development of expeditionary capabilities require a room for expansion. There is no breathing room given presence of great powers in IOR, Indonesia's lack of experience, it's proximity to India, it being a group of islands. Indonesia turning against India isn't a prudent anticipation, it's a mere wild assumption.

I don't know where this assumption that Indonesia won't become hostile came from.

It came from lack of chances and reasons of and Indo-Indonesian hostility in short or long term. It's a fantasy good as return of Soviet Union or Mexico conquering USA.

 

[Anandhu Krishna]

A military expansion and development of expeditionary capabilities require a room for expansion.

It's not about what the enemy would do, it's about what they could do.

Indonesia doesn't have to leapfrog in it's naval buildup to be a potential threat. Their natural growth will be enough

Can you define parameters for "challenging"

Parameters are the potential of its mere existence.

It came from lack of chances and reasons of and Indo-Indonesian hostility in short or long term. It's a fantasy good as return of Soviet Union or Mexico conquering USA.

Hopping on someone else's benevolence. US already implemented the Monroe Doctrine and they dabble in the domestic politics of countries around them enough to make sure that the possibility doesn't exist.

 

[Indx TechStyle]

It's not about what the enemy would do, it's about what they could do.

Only if just "IFs" and not "HOWs" and "WHYs" are the basis of formulation, India must rather start to look upon militaries of east Africa and Vietnam. Policies are formulated on strength of current enemy so that time could be bought for economic build up for which defence advancement is meant for its first place.
India formulates it's position vis a vis China and against P5 countries by a greater vision which covers theeat from all smaller potential powers. Scope of preventing IOR from China covers all neighbors by a good margin.

Indonesia doesn't have to leapfrog in it's naval buildup to be a potential threat.

It will have to revolutionize and not just leapfrog to be a stakeholder after assuming its natural growth given that you are comparing a smaller "what if it becomes so" navy with an already far bigger navy which is not "if" and actually expanding.

Indonesia is rather potential strategic partner for a military alliance in future.

Parameters are the potential of its mere existence.

No, they fail statistically.

Hopping on someone else's benevolence. US already implemented the Monroe Doctrine and they dabble in the domestic politics of countries around them enough to make sure that the possibility doesn't exist.

That would have materialized long ago.

Indonesia will also be quite intelligent posturing itself against Indian military in immediate neighborhood for countries thousands of miles away. Indeed, no reasoning was done while writing this awful thesis.

 

[Indx TechStyle]

ECP issues bailable arrest warrants for Imran, other PTI leaders in contempt cases
The Election Commission of Pakistan (ECP) on Tuesday issued bailable arrest warrants for PTI chairman Imran Khan and party leaders Fawad Chaudhry and Asad Umar in cases related to the contempt of the electoral body.

The order was passed by a four-member ECP bench headed by member Nisar Durrani.

The ECP had in August and September last year issued notices, in exercise of its powers of contempt, to Imran, Umar, Chaudhry, Mian Shabbir Ismail and Danial Khalid Khokhar for allegedly using “intemperate” language against Chief Election Commissioner Sikander Sultan Raja and the electoral watchdog.

Party leaders have repeatedly bashed the commission and Raja over what they claim is their partisanship and frequently pillory the electoral body as a “subsidiary of the PML-N”.

At the previous hearing, the ECP had given the PTI leaders a last chance to appear before the commission, warning that their absence before the commission at the next hearing on January 17 would result in the issuance of arrest warrants.

During the hearing today, the ECP rejected the pleas of PTI leaders seeking an exemption from appearing before the commission and issued arrest warrants for them against surety bonds worth Rs50,000 each.

The bench, subsequently, adjourned the hearing till Jan 17.

Reacting to the development, Umar tweeted that the ECP, instead of fulfilling its responsibilities, had indulged in such actions. “They themselves are guilty of contempt of court by not holding Islamabad elections,” he said.

Chaudhry said he would file contempt of court proceedings against the electoral watchdog.

“The case was supposed to be heard on Jan 17 but it was fixed today in violation of the rules. This is another biased verdict issued by the ECP members,” he added.

Meanwhile, PTI lawyer Babar Awan claimed that the ECP was being used to run a campaign against Imran.

“They are just trying to somehow disqualify him. But let me tell you, this minus-one formula won’t work on Imran Khan,” he told reporters outside a court in Islamabad.

Dawn Today on Instagram: "PTI leader Babar Awan on Tuesday accused the government for collaborating with the Election Commission of Pakistan to disqualify former prime minister Imran Khan. Speaking to the media in Islamabad, Awan said Imran was the last hope of the people and this is why they were standing with him. #DawnToday #PTI #ImranKhan"

206 likes, 1 comments - dawn.today on January 10, 2023: "PTI leader Babar Awan on Tuesday accused the government for collaborating with the Election Commission of Pakistan to disqualify former p...".

www.instagram.com

Contempt cases

When the ECP had issued contempt notices to PTI leaders last year, it had instructed them to appear in person or through their counsels before the commission to explain their position.

However, instead of appearing before the ECP, the PTI leaders challenged in various high courts the ECP notices and contempt proceedings on the grounds that Section 10 of the Elections Act 2017, which is the statutory provision regarding the commission’s power to punish for contempt, was against the Constitution.

According to the Election Act 2017, Section 10 titled “Power to punish for contempt” states that the “election commission may exercise the same power as the high court to punish any person for contempt of court and the Contempt of Court Ordinance, 2003 (V of 2003), or any other law pertaining to contempt of court shall have effect accordingly[…]”

The PTI leaders had also sought from the high courts a declaratory relief from the charges.

Later, a petition was filed in the Supreme Court through Advocate Sajeel Sheryar Swati on behalf of the ECP with a request to order consolidation of all six petitions before one high court instead of defending the commission’s stance over the issuance of contempt notices against PTI leaders in different high courts.

Last week, the apex court had held that since the objections to ECP authority were raised by the respondents in the pending proceedings under Section 10, the same was required to be considered and decided by ECP before passing a final order on the matter.

Regarding ECP’s request to club together all petitions pending against it before the high courts, the top court accepted the ECP plea that it would be satisfied if the high courts were directed to decide the pending petitions at the earliest.

 

[Hari Sud]

Zulficar Bhutto promised in 1971 that ‘Pakistan will have the bomb even if the population had to eat the grass’.

Well they are in that state in Pakistan today. Given below is the synopsis of Pakistan’s economic mess as published in the Times of India, today. The begging bowl is empty as most donors have given whatever they can and no more. This mess is their own creation……. That is, too much expense on military, ISI and kept the Kashmir fight going for 75 years which has drained all resources, excessive emphasis on Muslim fundamentalism, manufacture and maintenance of nuclear bombs which are worthless for a fight when your adversary has the same etc.

They need an outside force which is , independent of their military, Muslim fundamentalists and help them to dump the Kashmir issues, take away their nuclear bombs, force the fundamentalists back to the mosque etc. May be all Pakistan”s best friends can help them do that.

It is for Pakistanis to bite the bullet and do something quick.

Read more at:
http://timesofindia.indiatimes.com/...rest&utm_medium=text&utm_campaign=cppst_prime

 

[Rassil Krishnan]

Zulficar Bhutto promised in 1971 that ‘Pakistan will have the bomb even if the population had to eat the grass’.

Well they are in that state in Pakistan today. Given below is the synopsis of Pakistan’s economic mess as published in the Times of India, today. The begging bowl is empty as most donors have given whatever they can and no more. This mess is their own creation……. That is, too much expense on military, ISI and kept the Kashmir fight going for 75 years which has drained all resources, excessive emphasis on Muslim fundamentalism, manufacture and maintenance of nuclear bombs which are worthless for a fight when your adversary has the same etc.

They need an outside force which is , independent of their military, Muslim fundamentalists and help them to dump the Kashmir issues, take away their nuclear bombs, force the fundamentalists back to the mosque etc. May be all Pakistan”s best friends can help them do that.

It is for Pakistanis to bite the bullet and do something quick.

Read more at:
http://timesofindia.indiatimes.com/...rest&utm_medium=text&utm_campaign=cppst_prime

can you an archived version.

 

[ezsasa]

this guy is saying, cost to farmer per acre for wheat in pakiland is 75000 pkr.
what's the cost in India?

 

[notaname]

this guy is saying, cost to farmer per acre for wheat in pakiland is 75000 pkr.
what's the cost in India?

Purely depends on the variety used for sowing, as the main part is the type used, Sharbati is costly compared to Lokwan and other varieties.

And the pesticides used depending on the soil and the soil quality also as if I am using organic manure it will be less costly compared to urea.

 

[Lord Darklord]

Shares at PSX nosedive amidst political uncertainty, delay in IMF review

Benchmark index loses 1,379 points or 3.47pc to close at a 30-month low of 38,342 points.

www.dawn.com

“The political uncertainty already exists but there is added pressure over the IMF’s demands such as ending circular debt and adhering to a free-floating exchange rate. The main reason the market is under pressure today is that matters with the IMF are unlikely to be settled soon,” he commented.

 

[SilentlAssassin265]

this guy is saying, cost to farmer per acre for wheat in pakiland is 75000 pkr.
what's the cost in India?

It took 50k for to grow soybean on my 1acre land including seeds, sowing,tractor hiring, pesticides,labour cost .
Only on rainwater

 

[Indrajit]

it's been months, yet they keep saying floods haven't receded, and no independent images to confirm this.

Must be some special flood, even the biblical one receded finally.

 

[another_armchair]

UAE approves $2 billion funding to cash-strapped Pakistan

Another muh bola baap of Pakistan comes to their aid.

UAE approves $2 billion funding to cash-strapped Pakistan

Pakistan on Thursday announced that the UAE has rolled over its deposits of $2 billion, providing critical support to the cash-strapped country's depleting foreign exchange reserves. The confirmation came days after Prime Minister Shehbaz

news.rediff.com

Pakistan on Thursday announced that the UAE has rolled over its deposits of $2 billion, providing critical support to the cash-strapped country's depleting foreign exchange reserves.

The confirmation came days after Prime Minister Shehbaz Sharif visited the oil-rich Gulf country seeking help to improve the balance of payments.

Finance Minister Ishaq Dar confirmed on social media that the Dhabi Fund for Development had deposited $2 billion with the State Bank of Pakistan.

"Abu Dhabi Fund for Development has rolled over their deposit of $2 billion with the State Bank of Pakistan as discussed by PM Shehbaz Sharif with His Highness the President of UAE during last week's official visit. Long live Pak-UAE friendship!' he tweeted on Wednesday night.

The United Arab Emirates last week announced to provide a $3 billion lifeline to Pakistan in the shape of a rollover of the existing $2 billion debt and another $1 billion in new financing.

Pakistan has been tethering on the edge of default with just about $4 billion of reserves while facing the daunting task to make $13 billion in debt repayments in six months.

Apart from the UAE, Saudi Arabia also provided support of USD 5 billion in critical times to Pakistan.

But it is not sufficient to meet the shortfall unless the country wins the support of the International Monetary Fund.

The fund last August revived a stalled $6 billion loan programme but has refused to release any more funds unless its tough conditions are fulfilled by Islamabad. -- PTI

 

[SilentlAssassin265]

UAE approves $2 billion funding to cash-strapped Pakistan

Another muh bola baap of Pakistan comes to their aid.

UAE approves $2 billion funding to cash-strapped Pakistan

Pakistan on Thursday announced that the UAE has rolled over its deposits of $2 billion, providing critical support to the cash-strapped country's depleting foreign exchange reserves. The confirmation came days after Prime Minister Shehbaz

news.rediff.com

Pakistan on Thursday announced that the UAE has rolled over its deposits of $2 billion, providing critical support to the cash-strapped country's depleting foreign exchange reserves.

The confirmation came days after Prime Minister Shehbaz Sharif visited the oil-rich Gulf country seeking help to improve the balance of payments.

Finance Minister Ishaq Dar confirmed on social media that the Dhabi Fund for Development had deposited $2 billion with the State Bank of Pakistan.

"Abu Dhabi Fund for Development has rolled over their deposit of $2 billion with the State Bank of Pakistan as discussed by PM Shehbaz Sharif with His Highness the President of UAE during last week's official visit. Long live Pak-UAE friendship!' he tweeted on Wednesday night.

The United Arab Emirates last week announced to provide a $3 billion lifeline to Pakistan in the shape of a rollover of the existing $2 billion debt and another $1 billion in new financing.

Pakistan has been tethering on the edge of default with just about $4 billion of reserves while facing the daunting task to make $13 billion in debt repayments in six months.

Apart from the UAE, Saudi Arabia also provided support of USD 5 billion in critical times to Pakistan.

But it is not sufficient to meet the shortfall unless the country wins the support of the International Monetary Fund.

The fund last August revived a stalled $6 billion loan programme but has refused to release any more funds unless its tough conditions are fulfilled by Islamabad. -- PTI

Roll over deposit means they have not withdrawn their money from state bank

 

[Love Charger]

Roll over deposit means they have not withdrawn their money from state bank

To matalab is baat se ye nai confirm karsakte ki pakistan ko paisa hai ki nai ?
Unhone udhar maaf kiya hai , paisa diya nai hai .
To pakistan ko koi aur paisa mila nai hai, bas ek party me udhar maaf kiya hai , sahi na ?

 

[SilentlAssassin265]

To matalab is baat se ye nai confirm karsakte ki pakistan ko paisa hai ki nai ?
Unhone udhar maaf kiya hai , paisa diya nai hai .
To pakistan ko koi aur paisa mila nai hai, bas ek party me udhar maaf kiya hai , sahi na ?

Imagine if you have bank account with 1 lakh rupees.
I decided to put 2 lakh in your account for 1 year so your account balance will be 3 lakh.
After 1 year if i decide not to withdraw my money from your account and roll over it for another 1 year.

This is what happened with uae and porkistan

 

[Love Charger]

Imagine if you have bank account with 1 lakh rupees.
I decided to put 2 lakh in your account for 1 year so your account balance will be 3 lakh.
After 1 year if i decide not to withdraw my money from your account and roll over it for another 1 year.

This is what happened with uae and porkistan

Okay say, If I spend your part money to go to thailand
Then do I owe that money to you ? Or you have placed certain conditions that I cannot withdraw more than 1 lakh rupees from my rupees and to withdraw more I have to ask you everytime , as that 2 lakh is your money ,right

 

[another_armchair]

Imagine if you have bank account with 1 lakh rupees.
I decided to put 2 lakh in your account for 1 year so your account balance will be 3 lakh.
After 1 year if i decide not to withdraw my money from your account and roll over it for another 1 year.

This is what happened with uae and porkistan

They have given an additional $1 billion in new financing besides rolling over $2 billion which was due for repayment.