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HaMoTZeMaS

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Jan 21, 2020
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Hasad ki Aag ---- I am sure Lahore metro also haunts you in dreams.

no mention of big toys of elite class --- land cruisers, parados, audis --- ?
Being a Lahori, Metro has been a disaster. I will refer students "How to waste money" and "how to derogate aesthetics of your city"
i have seen it being constructed they literally F***ed up the city

1st they connected the villages and towns to central city - overpopulating the already congested city Instead of providing facilities to them at their door step or ensuring the city remains in boundaries and dont expand beyond its means See Karachi A beautiful piece of Mess
 

Imran Khan

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remember,
the moment Pak Rupee becomes equal to Indian Rupee
No businesses will stay in Pak. They will all jump to india to get compensations from international establishments

Pak deliberately need to keep rupee lower to attract businesses so they could get some extra profit - No profit No business No international Business - No Tech / Knowledge Transfer - Be prepared to be stagnant and left behind
why its not happen in bd vs ind currencies ? why not all industry of china moved to india ? why not indian industry moved to indonesia ?
 

Patriot forever

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Jun 2, 2020
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PTI claimed, with much fanfare, that they will re-negotiate electricity contracts, what have they done till now?

they claimed that they will provide healthcare and education to all, that went down the crapper due to massive cuts in HEC's budget, federal universities' budgets, and the reduction in budget of hospitals plus promulgation of teaching medical institutes act (which effectively turns govt owned hospitals into private ones, thus denying healthcare to 90% of Pakistan's population). The prime idiot IK takes advice from nosherwan burki on this issue, a guy sitting in USA, and trying to implement USA's healthcare system in Pakistan, which btw is the worst system in all of developed countries.

They claimed to collect gst from all retailers, those retailers have increased prices citing this tax collection (which they do not pay), and fbr and pti have failed to collect it from them.

They also claimed to carry out an audit of industries and manufacturing units to determine right prices, which they failed to do.

As far as food security is concerned, they incentivized sugar cane growth, leading to a reduction in cotton plantation, and then exported already reduced produce of cotton, and then imported cotton to meet national demand. mis-management of the highest order.

They also talked about civil service and police reforms, which are remarkably still missing in both federal and punjab govts.

They also talked about increasing exports, and yet rising dollar rate causes expensive raw material import, and an increase in electricity cost, which causes expensive production,....... so........ the net effect of currency devaluation is just rising inflation, marginal increase in exports have been achieved, whereas huge increase in imports have been seen. Failed here as well.

I am sure i will be able to think of a few more things.

didnt pti claim that they will renegotiate the deal? to tie the payment to rupees instead of dollars? and the reduce the rate of return?

also, as the rupee keeps on falling, that price will keep on increasing. dream on that situation will get better.
1) They did renegotiate both 2002 policy and before contracts are renegotiated. Only 2015 policy IPP is left ( CPEC IPPs). Sofar Chinese companies have not agreed. Who would let go of their golden goose. Dealing with international contracts is very tricky. These are contributing majority of capacity payment and extremely high ROI is bleeding us.

2) Cotton crop is a high risk crop in Pakistan, farmers do not want to plant cotton. You can not force farmers to plant anything, with the high cotton prices set this year along with other facilitations let's see how much we get this year.

3) Imports are high, because of global inflationary cycle. AUGUST

Petroleum products imports are around $1.8b.

TERF roll out is happening. Our machinery imports is $984m.


Corona vaccine import has swelled our medicinal import to $450m

Chems group import is around $1.2b ( DAP fertiliser is record high)

Food group is around $700m. No significant wheat and sugar import. Prices of Palm oil (ghee) soya bean oil (cooking oil) tea, pulses etc are record high.



There is nothing significant that we can cut in our imports.

SBP has not intervined. Our financial account statement shows no such transaction in August. Rupee is facing pressure due to mainly global inflation and Afghanistan situation where we previously had a net inflow now outflow.


Our exports have grown but it takes time to increase capacity, that's what schemes like TERF are all about.
 

H!TchHiker

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He was most quoted and favorite economic expert of PTI during last regime ..now that the time has changed he is no longer in good books
 

Patriot forever

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why its not happen in bd vs ind currencies ? why not all industry of china moved to india ? why not indian industry moved to indonesia ?
REER index of our currency is same now as Bangladesh and India.

The reason their currency is stronger then ours at the same REER value is

1) Their exports have grown with their imports over the last decade. In our case artificial manipulated currency maintained with extremely high REER suffocated our export industries. Leading to devaluation.
 

DJ_Viper

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Lemme just reiterate, all of this is happening because of N league and we all should just shutup and drink IK kool aid. Tabdeli agaiii
Are these "highest" items due to current semi collapse of the Pakistani economy? It's getting reported on business channels too. Pakistan needed to ink joint agreements with the Chinese to get equal access to their market. Instead, it gave them access to it's poor economy and damaged it further. Immediate action's needed it seems.
 

Vapnope

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Nov 11, 2015
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who will pay 400 billion annually to IPPs ?? It was Noora thug and ppp who stuck the most expensive deal with ipps and no doubt we all will payback
I have zero sympathy for PMln and PPP however this hike in price is because IMF has asked incumbent govt to manage the payments and easiest way to do is to either increase GST or increase utility costs just like what Pmln and ppp did.
 

HaMoTZeMaS

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why its not happen in bd vs ind currencies ? why not all industry of china moved to india ? why not indian industry moved to indonesia ?
wrong comparison

India has a Huge buffer and do you think Induvita would move to Any muslim country to strengthen its economy?

Chinese companies enters india for their strategic goals Not to again strengthen the India because they are opponent

BD is not a threat to international establishment Infact BD is fallen to them long ago. BD is booming because of theri lower curreny value once they have total control over BD

Pak is bone of contention for international establishment. None would like its economy to get competitive or grow
Only chance we have is to attract them with high profit margins otherwise need to go indigenous that is not gonna happen in near future
Outside world markets are growing at pace we cannot keep upto
 

blueazure

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May 29, 2015
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154 ka tha tab kyn nahi liya tha?

bought a lot at 158

not selling
remember,
the moment Pak Rupee becomes equal to Indian Rupee
No businesses will stay in Pak. They will all jump to india to get compensations from international establishments

Pak deliberately need to keep rupee lower to attract businesses so they could get some extra profit - No profit No business No international Business - No Tech / Knowledge Transfer - Be prepared to be stagnant and left behind

yeap

lets crash pkr to 220 /-


bring all that foreign investment
 

S.Y.A

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Mar 21, 2008
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1) They did renegotiate both 2002 policy and before contracts are renegotiated. Only 2015 policy IPP is left ( CPEC IPPs). Sofar Chinese companies have not agreed. Who would let go of their golden goose. Dealing with international contracts is very tricky. These are contributing majority of capacity payment and extremely high ROI is bleeding us.

2) Cotton crop is a high risk crop in Pakistan, farmers do not want to plant cotton. You can not force farmers to plant anything, with the high cotton prices set this year along with other facilitations let's see how much we get this year.

3) Imports are high, because of global inflationary cycle. AUGUST

Petroleum products imports are around $1.8b.

TERF roll out is happening. Our machinery imports is $984m.


Corona vaccine import has swelled our medicinal import to $450m

Chems group import is around $1.2b ( DAP fertiliser is record high)

Food group is around $700m. No significant wheat and sugar import. Prices of Palm oil (ghee) soya bean oil (cooking oil) tea, pulses etc are record high.



There is nothing significant that we can cut in our imports.

SBP has not intervined. Our financial account statement shows no such transaction in August. Rupee is facing pressure due to mainly global inflation and Afghanistan situation where we previously had a net inflow now outflow.


Our exports have grown but it takes time to increase capacity, that's what schemes like TERF are all about.
What are the terms of renegotiation? Did they manage to delink it from USD(if they didnt then its useless, price will increase every time our currency falls) ? What is the revised rate of return?

And as for second point, isnt it a bit late? They got us into this mess despite warning from ministry of food security. Were they sleeping last year? Who was the idiot who decided to export cotton?
 

IbnAbdullah

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Jul 26, 2018
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Salaam


Imran khan may have good reasons for doing a lot of the stuff he's doing. The issue people have is that he oversold his capabilities and made promises he couldn't realistically keep.

He is, indeed, better than NS and AAS but that's not a high bar to begin with. He really should have spent more time administering KPK to gain valuable experience for managing the country.
 

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