"The Economic situation is deteriorating so quickly that within 1.5 months, none of us will be discussing politics or army chief" - Hammad Azhar

[Jango]

“There’s an energy crisis and the energy minister is totally absent and not addressing the issue”

I was actually wondering about this, where is that pharmacist posing as an energy expert? Nowhere to be found these days.

Khurram Dastagir ki to waisay hi larayi hai because of Shahid Khaqan's interference in the ministry.

 

[Enigma SIG]

Shit bout to hit the fan yo

 

[Ghazwa-e-Hind]

https://twitter.com/i/web/status/1597999722048131073

 

[Baburfromsarmarkand]

politicians can never fix problems. The people make the businesses. We just dont have it in us to create world class companies. During the Korean war, the koreans were fixing the US military equipment and got the same number of funds from the US as we did in both Afghan wars. They built up their car companies we spent it on our elite class.
Its the people. We just dont have the work ethic or desire to win. Possible result of cousin marriage or something but the only way out for us is to find oil or gas somewhere. Thats what worked for the Arabs.

 

[truthseeker2010]

Although I hope default does not happen but given the f up of the system. Default might trigger the hard reset this country desperately needs.

 

[SIPRA]

Tributes to Mir Kanjar Bajwa.

 

[Ghazwa-e-Hind]

اسحاق ڈار نے بھی ہاتھ کھڑے کر دیئے،، لیکن اس بیان پر آپ کو پروگرام ہوتے نظر نہیں آئیں گے،، لیکن ہم آپ کو حقیقت سے آگاہ رکھیں گے،، یہ صیحح معنوں میں اپنی بے بسی اور نااہلی کا اظہار ہے

https://twitter.com/i/web/status/1597990427365629954

 

[epebble]

Default might trigger the hard reset this country desperately needs.

Trust me, you are not going to like it. Just take a look at Sri Lanka and magnify it 10 times.

 

[Ghazwa-e-Hind]

I think imported government is now trying to pull strings in Private banks for loans..

Trust me, you are not going to like it. Just take a look at Sri Lanka and magnify it 10 times.

While I admire your enthusiasm as an outsider in Pakistan's affairs, to put things in perspective, We Pakistanis have been in under default like situation for many decades, at this stage everyone is fed up.

 

[Mobius 1]

TH

I think imported government is now trying to pull strings in Private banks for loans..



While I admire your enthusiasm as an outsider in Pakistan's affairs, to put things in perspective, We Pakistanis have been in under default like situation for many decades, at this stage everyone is fed up.

this. people want change more than ever now.

 

[HAIDER]

Citi warns 'rolling recessions' will shake global economy in 2023​

Brian Sozzi
·Anchor, Editor-at-Large
Wed, November 30, 2022 at 7:21 AM·3 min read


The global economic outlook for 2023 is murky at best, economists at Citi warn.
"As we survey the prospects for the global economy, we see many reasons for concern, including continued challenges from the pandemic and the Russia-Ukraine war, high inflation, and headwinds from central bank rate hikes," Citi chief economist Nathan Sheets wrote in a client note Wednesday.
"Reflecting these factors, the global economy is likely to endure 'rolling' country-level recessions during the coming year."
Citi believes the eurozone and U.K. will enter a recession by the end of this year. The U.S. stands to enter a recession by mid-2023, Sheets believes, as the full impact of higher interest rates from the Federal Reserve is felt on consumers and businesses.
The relative winner, believe it or not, may be China.
"We see growth [in China] accelerating as the authorities soften the zero-Covid policy," Sheets wrote.
"Still, excluding China, global growth next year will be running close to some definitions of global recession. More positively, many of the recessions in our forecast are relatively mild and should help pave the way for improved performance by early 2024."

 

[epebble]

We Pakistanis have been in under default like situation for many decades, at this stage everyone is fed up.

While I can certainly understand that sentiment, the notion that default is some sort of bitter medicine, once taken will cure the illness, is delusional. What default will lead to is a perennial shortage of capital leading to long term underdevelopment. A good example is Argentina.

 

[Ghazwa-e-Hind]

Citi warns 'rolling recessions' will shake global economy in 2023​

Brian Sozzi
·Anchor, Editor-at-Large
Wed, November 30, 2022 at 7:21 AM·3 min read


The global economic outlook for 2023 is murky at best, economists at Citi warn.
"As we survey the prospects for the global economy, we see many reasons for concern, including continued challenges from the pandemic and the Russia-Ukraine war, high inflation, and headwinds from central bank rate hikes," Citi chief economist Nathan Sheets wrote in a client note Wednesday.
"Reflecting these factors, the global economy is likely to endure 'rolling' country-level recessions during the coming year."
Citi believes the eurozone and U.K. will enter a recession by the end of this year. The U.S. stands to enter a recession by mid-2023, Sheets believes, as the full impact of higher interest rates from the Federal Reserve is felt on consumers and businesses.
The relative winner, believe it or not, may be China.
"We see growth [in China] accelerating as the authorities soften the zero-Covid policy," Sheets wrote.
"Still, excluding China, global growth next year will be running close to some definitions of global recession. More positively, many of the recessions in our forecast are relatively mild and should help pave the way for improved performance by early 2024."

USD losing its dominance in Int'l Market?

While I can certainly understand that sentiment, the notion that default is some sort of bitter medicine, once taken will cure the illness, is delusional. What default will lead to is a perennial shortage of capital leading to long term underdevelopment. A good example is Argentina.

Did Iran collapse after sanctions?

Iran test launches new satellite-carrying rocket

Tehran refutes US concerns that the same long-range ballistic technology could also be used to launch nuclear warheads.

www.aljazeera.com

 

[HAIDER]

USD losing its dominance in Int'l Market?



Did Iran collapse after sanctions?

Iran test launches new satellite-carrying rocket

Tehran refutes US concerns that the same long-range ballistic technology could also be used to launch nuclear warheads.

www.aljazeera.com

Chinese factor .... Yuan trading currency ..not good sign .

 

[epebble]

Did Iran collapse after sanctions?

Iran does not have to import fuel. So, the economy will not come to a screeching halt. They have a fairly well-developed industrial base that appears self-sufficient. Iran has a much smaller population. It will take a couple of decades of difficulty for Pakistan to reach Iran's self-sufficiency. Not impossible, just a matter of time. They also seem to have fairly stable political system in spite of the street riots one sees on TV.