• Thursday, January 17, 2019

POLITICS & POLICY Pakistan can manage financial crisis without IMF: Asad

Discussion in 'Pakistan Economy' started by OsmanAli98, Jan 12, 2019 at 5:41 AM.

  1. OsmanAli98

    OsmanAli98 FULL MEMBER

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    ISLAMABAD: Finance Minister Asad Umar has said that Pakistan can manage its financial crisis and improve the economy without approaching International Monetary Fund (IMF) for loan.

    Talking to a private news channel, he said the Saudi financial package for Pakistan is unconditional and on minimum interest rate of three percent.

    He said there was a huge increase in country’s exports volume last month. Responding to a question, he said the government would not increase prices of electricity and gas for low-income people.





    Copyright PPI (Pakistan Press International), 2019
     
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  2. Skull and Bones

    Skull and Bones ELITE MEMBER

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  3. nahtanbob

    nahtanbob FULL MEMBER

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  4. Yaseen1

    Yaseen1 SENIOR MEMBER

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    Living in foolsparadise and delusions will not be solution to problems unless he has complete economic plan as alternative to imf
     
  5. nahtanbob

    nahtanbob FULL MEMBER

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    to be fair someone or he is working hard on friendly states even though I do not believe the claims of unconditional aid
     
  6. Yaseen1

    Yaseen1 SENIOR MEMBER

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    Economy not work on doubts and ambiguoty about govt policy stock market already lost 50billion valuation in first four months of govt mainly due to govt policy is not clear and investor confidence has damaged
     
  7. nahtanbob

    nahtanbob FULL MEMBER

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    i am sure all the crackdowns on corruption does not help. government needs to carefully evaluate how far they want to go
     
  8. AZ1

    AZ1 SENIOR MEMBER

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    Yeah thats why export increase, import decrease and decifit shrinks.

    https://tribune.com.pk/story/1885631/2-trade-deficit-shrinks-5-16-8b-imports-go/


    Hater can see only hate and talk nonsense yet manage to not go to IMF when $40 billion loans has been taken by PMLN govt.

    ISLAMABAD - The Pakistan Muslim League-Nawaz (PML-N) government has broken all previous records of taking foreign loans, as it borrowed $40 billion from external sources during its four and half years tenure.

    https://nation.com.pk/26-Dec-2017/government-got-record-40b-loans

    PML-N govt took record loans that will take generations to pay, Senate

    PML-N government adds to country's indebtedness | Business Recorder
     
    Last edited: Jan 12, 2019 at 12:26 PM
  9. Max

    Max SENIOR MEMBER

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    He is confused so does economy of Pakistan. If you are not going to IMF then address media and tell them your future plans instead of addressing chosen people.
     
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  10. Yaseen1

    Yaseen1 SENIOR MEMBER

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    deficit decrease due to fall in international oil prices and not mainly due to increase in exports .Also economy is in slowdown and economic activity has decreased
     
  11. AZ1

    AZ1 SENIOR MEMBER

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    Please share something rather than just words.


    Pakistan trade deficit narrows in July-December 2018

    https://in.reuters.com/article/pakistan-tradefigures-idINKCN1P42GF

    When good thing happens its by nature and not by PTI but when paying back loans of old govt doing its PTI fault? Do you know the definition of hypocrates?
     
  12. Yaseen1

    Yaseen1 SENIOR MEMBER

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    one main quality of good leader is that he takes responsibility for what is happening under his leadership instead of blaming what wrong happened in past if leaders not take responsibility and continue to blame all their mistakes on others they will become failed leaders
     
  13. AZ1

    AZ1 SENIOR MEMBER

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    Hahaha wow so if nawaz and zardari loot the country current leader Imran khan should be held responsible for them because he is current leader?

    What currently Imran has done is posted above. I have not posted UAE, Saudia relationship to Pakistan due to Imran khan and upcoming oil refinery agreement which will handle 2lac+ barrel capacity which is huge. $10 billion of investment.
    Please do enlighten me if any previous govt has brought such investment in span of 4-5 month after came in power.

    Yet you have not given any link just words on economy.

    So far its all payment back of loans that previous govt has taken and yet you held responsible PTI & Imran khan.

    Just after they came in power they have to arrange $9 billions and that is just payback



    ISLAMABAD - Pakistan’s overallexternal debt servicing obligation would be $9.3 billion in the current fiscal year.

    https://timesofislamabad.com/21-Aug-2018/how-much-loans-pti-government-has-to-repay-in-fy-2018-19


    Just listen to this



    I have.no hope that this wi open your eyes but if this doesnt then I think nothing will.
     
    Last edited: Jan 12, 2019 at 1:42 PM
  14. Yaseen1

    Yaseen1 SENIOR MEMBER

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    joblessness has increased due to economic slow down.stock market has lost 50 billion of valuation in their first 4 months due to their bad policies and investor confidence has decreased this is their achievement so far lets wait and see what they do in next two years and whether there is reality in their claims of huge foreign investments or not
     
  15. AZ1

    AZ1 SENIOR MEMBER

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    See after all I have posted you are still stuck where you were.

    After careem and uber launch I dont think anyone having job problem if anyone want to earn as they hire everyone even bikers. Besides jobs in Pakistan other country also giving jobs
    Qatar urged to fulfil 100,000 jobs promise



    $10 billion investment coming to you country as oil refinery in 4-5 months.

    Share the link which says about investor confidence otherwise $10 billion investment is the reflection. Exxon mobil searching for oil is another investment.

    What else you want? As i said hater cant see anything beyond their hate.
    Enjoy propaganda.
     
    Last edited: Jan 12, 2019 at 3:59 PM
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