SBP reserves critically low at $6.9 billion (practically zero)

[Path-Finder]

Please see the above. The Americans really do not care who the PM is, as long as they can work with the real power center in Pakistan. IK was just as disposable as all his predecessors, and thus no need to get rid of him by conspiracy.

everything's a conspiracy, smoke and mirror. cloak'n dagger. If we just go by what we have seen with eyes and with other bodily sensors. one can see what was happening!

yes, everyone is at their own right to accept and deny what they want to.

 

[VCheng]

everything's a conspiracy, smoke and mirror. cloak'n dagger. If we just go by what we have seen with eyes and with other bodily sensors. one can see what was happening!

yes, everyone is at their own right to accept and deny what they want to.

Of course, you can believe in whatever conspiracy theory satisfies your pre-conceived notions, I have no problem with that at all.

But how does that help with the economy, specifically what is being done now, and more importantly, what will IK do anything differently to put it back on track? No one knows.

 

[Path-Finder]

Of course, you can believe in whatever conspiracy theory satisfies your pre-conceived notions, I have no problem with that at all.

But how does that help with the economy, specifically what is being done now, and more importantly, what will IK do anything differently to put it back on track? No one knows.

same to you, you have your own haggard beliefs vis a vis the events and you do your utmost to point it out to us.

Truth will always prevail, we will know what actually happened one day. that's just the law of the universe.

As for the economy, right now all we can do is hope for the best. What will IK do if he returns? I hope he can take it to the +5% growth before he was derailed.(of course everyone can select their own conspiracy theory to the derailment.)

 

[Goenitz]

 

[VCheng]

As for the economy, right now all we can do is hope for the best. What will IK do if he returns? I hope he can take it to the +5% growth before he was derailed.(of course everyone can select their own conspiracy theory to the derailment.)

Let us see first if IK can force early elections, shall we?

 

[Azad_ Kashmiri]

Ohh Namak Haram’s, MOFO’s and blood suckers of the poor @FOOLS_NIGHTMARE @muhammadhafeezmalik, where the hell are you? Kuch be kaho?

 

[Path-Finder]

Let us see first if IK can force early elections, shall we?

well its all about voters casting the ballot. will those delaying elections through hook and crook succeed? I wager that all those opposing him ( including the fella in house blanco (my own conspiracy)) will have to yield to public pressure.

Power to the people.

 

[VCheng]

well its all about voters casting the ballot. will those delaying elections through hook and crook succeed? I wager that all those opposing him ( including the fella in house blanco (my own conspiracy)) will have to yield to public pressure.

Power to the people.

I am content to wait and observe what actually happens and what IK actually achieves. Claims being made are good, but results are better.

 

[Path-Finder]

I am content to wait and observe what actually happens and what IK actually achieves. Claims being made are good, but results are better.

the rumor mill says that a technocratic gormint is being considered, for period of a year. beyond the constitutional time limit. still more fun and games to come

 

[VCheng]

the rumor mill says that a technocratic gormint is being considered, for period of a year. beyond the constitutional time limit. still more fun and games to come

As I said, I am content to wait and observe. No rush.

 

[Path-Finder]

As I said, I am content to wait and observe. No rush.

👍

 

[Ssan]

The only way to avert the crisis is to have IK put back in power. It need not even happen with an election if the establishment hates democracy so much.

The point is that overseas Pakistanis need to start remitting again at the rate they were before VONC. When they do, we will go back to slightly positive CAD and we can at least avert default.

Technocratic govt will not do because overseas will not trust it unless IK is at helm. Plain and simple.

 

[VCheng]

The only way to avert the crisis is to have IK put back in power. It need not even happen with an election if the establishment hates democracy so much.

The point is that overseas Pakistanis need to start remitting again at the rate they were before VONC. When they do, we will go back to slightly positive CAD and we can at least avert default.

Technocratic govt will not do because overseas will not trust it unless IK is at helm. Plain and simple.

Pakistan needs just over $70 billion over the next couple of years to avoid default. Your proposed solution seems to fall well short of the requirements.

 

[Ssan]

Pakistan needs just over $70 billion over the next couple of years to avoid default. Your proposed solution seems to fall well short of the requirements.

Yeah but this shows you are sorely illiterate in finance / economics issues or policies. Pakistan would not really have any issues have a revolving door to the capital to pay off the obligations if it had a positive basic CAD.

Yeah but this shows you are sorely illiterate in finance / economics issues or policies. Pakistan would not really have any issues have a revolving door to the capital to pay off the obligations if it had a positive basic CAD.

This was the case for the three years PTI was in power. They borrowed 10-15 bn $ every year to pay off the yearly financing requirements for accumulated debt.

 

[epebble]

Yeah but this shows you are sorely illiterate in finance / economics issues or policies. Pakistan would not really have any issues have a revolving door to the capital to pay off the obligations if it had a positive basic CAD.


This was the case for the three years PTI was in power. They borrowed 10-15 bn $ every year to pay off the yearly financing requirements for accumulated debt.

If you see https://www.macrotrends.net/countries/PAK/pakistan/external-debt-stock

For the last 10 years, Pakistan has been accumulating net new debt at a steep clip. This is a fundamental structural defect that can't be covered with a band-aid. Put simply, Pakistan has been living way beyond its productive capacity (from external perspective) for too long. The alternatives are greatly enhance exports + remittances or greatly diminish imports.