Are we going in economic shock ? IMF doing their job

[blueazure]

1. GDP projections are down to 2 % yoY

2. rampant dollar rate hike + interest rate hike has raised prices

3. vehicle prices are now out of reach for middle class. a crappy wagon R is 17 lac after registration

4. just talked to friends in mobilink, telenor, nestle etc. they are laying off and leaning operations

5.lets not even talk about the stock mkt

6. 200 textile mills went on strike today ( it is being dismissed as fake news by PTI club but i HAVE SEEN NO clarification from APTMA yet)
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IMRAN KHAN, wtf is going on sir

 

[1Paki$tani]

1. GDP projections are down to 2 % yoY

2. rampant dollar rate hike + interest rate hike has raised prices

3. vehicle prices are now out of reach for middle class. a crappy wagon R is 17 lac after registration

4. just talked to friends in mobilink, telenor, nestle etc. they are laying off and leaning operations

5.lets not even talk about the stock mkt

6. 200 textile mills went on strike today ( it is being dismissed as fake news by PTI club but i HAVE SEEN NO clarification from APTMA yet)
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IMRAN KHAN, wtf is going on sir

1. That is as a result of what the previous government had done but one fact remains and that is our exports are going up in dollar figure (which means they have increased more in rupees as dollar is now higher). It will take time to fix structural issues and power issues.

2. Interest are increased to control prices and not increase prices. read up how interest is used as a tool. You are getting it all wrong how interest works. Price increases due to cost and also due to demand.

3. How so? Can you put the prices in both before and after. Beside car is a luxury at the moment and is not a tool for improvement in living standards as of yet.

4. yes talked to a friend. Great... abi chiryia say bhi pooch lo.

5. Who cares. Stock market is corrupt and there is massive insider trading. It is not measure of peoples living standards. Off course those who dont want to pay taxes are pulling their money out before they get caught in the crackdown. rule no 1. Pay your share of taxes.

6. Dont care. let them cry for all I care. They are crying because they no longer receive the tax concessions. Why should they. it seems everyone wants to run away from paying taxes.

 

[Arsalan]

1. GDP projections are down to 2 % yoY

2. rampant dollar rate hike + interest rate hike has raised prices

3. vehicle prices are now out of reach for middle class. a crappy wagon R is 17 lac after registration

4. just talked to friends in mobilink, telenor, nestle etc. they are laying off and leaning operations

5.lets not even talk about the stock mkt

6. 200 textile mills went on strike today ( it is being dismissed as fake news by PTI club but i HAVE SEEN NO clarification from APTMA yet)
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IMRAN KHAN, wtf is going on sir

Fake as explained in detail on the other thread. I am telling you as i am part of these associations and not being part of PTI club!

 

[Arsalan]

6. Dont care. let them cry for all I care. They are crying because they no longer receive the tax concessions. Why should they. it seems everyone wants to run away from paying taxes.

Wrong. The cry is because they wont be able to ABUSE that tax concession. The concession is still there, no tax imposed on exports just like before!

 

[Areesh]

Fake as explained in detail on the other thread. I am telling you as i am part of these associations and not being part of PTI club!

What other thread?

 

[Arsalan]

What other thread?

Link to post:
https://defence.pk/pdf/threads/all-...ls-from-tomorrow.625282/page-10#post-11588958

 

[Fahad Khan 2]

Stock market is down because interest rate is up.. so no one is investing in stock market investor are playing safe by buying long term bond.

 

[Fahad Khan 2]

Dollar rate is only concern of mine

 

[ALi Rizwan]

1. GDP projections are down to 2 % yoY

2. rampant dollar rate hike + interest rate hike has raised prices

3. vehicle prices are now out of reach for middle class. a crappy wagon R is 17 lac after registration

4. just talked to friends in mobilink, telenor, nestle etc. they are laying off and leaning operations

5.lets not even talk about the stock mkt

6. 200 textile mills went on strike today ( it is being dismissed as fake news by PTI club but i HAVE SEEN NO clarification from APTMA yet)
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IMRAN KHAN, wtf is going on sir

Why Blame IMF its Our own Fault?

Downfall of economy started with Judiciary Movement. Even Today KSM employees are paid for nothing.
Borrowing is not a solution.
Generally people have zero info including your great great leader Khan sb.
Yesterday he was talking about Pakistan ideal location for china expo and massive china export for which they can use Pakistan.
Cost of production is higher in Pakistan regarding China we need to understand their industries is no where near Pakistan and why use long expensive land route unless its all about time factor.

& its not 200 Units its much more then that. most of Textile sector specially dealing in local sector were getting closed since we liberate Pakistan from Dictatorship and brought True & Genuine Democracy.

PM can do nothing at the moment expect end his anti Pakistani stance on KB Dam. World Bank will have no issue and its his Govt. in KP Province.
& Downsizing Govt. employees and reduce their salaries. Which is although impossible in Democracy.
Today they are paid more then market standard even without doing their job.

E.g. what we paid to clerk<and he failed to do that job correctly> in 2013 was around 2.8 time the amount paid to 19 Grade officer in 1999 not to forget most of workforce is useless thanks to stupid and useless file+mutidesk operation.

Lot of People talk about Motorway we will see how much we will earn from that Motorway. I would be surprise if it even cover its operational/maintenance cost forget massive earning from tool tax.

 

[Hareeb]

In last 10 years, GDP growth was solely dept-oriented. GOP was borrowing loans, spending it as PSDP thus artifically maintaining GDP growth. To turn this into export oriented GDP, reforms are taking place, and results will be seen atleast after 3-4 years.

Comming towards interest rates, SBP has raised it high to 12.25% thus encouraging savings - less money in market thus reducing inflation- as well as an opportunity for investors to invest in PKR - lowering burden of dollar exchange rate.

Use public transport. Vehicles does not raise the life standard of a common man but petroleum products have the largest chunk in Pak import's bill.

Telecom companies have been doing tax thefts for a very long time. They charge customers but don't pay taxes. It's better that they run out of business if they don't comply with tax laws.

 

[nahtanbob]

In last 10 years, GDP growth was solely dept-oriented. GOP was borrowing loans, spending it as PSDP thus artifically maintaining GDP growth. To turn this into export oriented GDP, reforms are taking place, and results will be seen atleast after 3-4 years.

Comming towards interest rates, SBP has raised it high to 12.25% thus encouraging savings - less money in market thus reducing inflation- as well as an opportunity for investors to invest in PKR - lowering burden of dollar exchange rate.

Use public transport. Vehicles does not raise the life standard of a common man but petroleum products have the largest chunk in Pak import's bill.

Telecom companies have been doing tax thefts for a very long time. They charge customers but don't pay taxes. It's better that they run out of business if they don't comply with tax laws.

interest rates are high because inflation is high. if you do not pay high interest rates the pakistani rupee will fall even further against foreign currencies

 

[Protest_again]

I believe PML-n downfall started just as Modi landed in Pakistan to visit Nawaz. Deep state didn't like it. The next 2 years, PML-N wasn't allowed to run the govt in peace. So the development they envisaged through borrowings never materialised. There were constant dharnas either by imran or by labbaik party etc. Military didn't assist in putting down these dharnas like they are doing for present dispensation. Now Imran is stuck in the rock and a hard place. He cannot blame Deep state because they helped him become PM and cannot develop the economy as there's no scope for further borrowing.

I know most of you will not like my assessment. Please don't ban me for this.

 

[Longhorn]

Regardless of who's imposing this, this is exactly what the country needs. It will be painful but we have to go through this to come out stronger and leaner at the other end.

 

[Hareeb]

interest rates are high because inflation is high. if you do not pay high interest rates the pakistani rupee will fall even further against foreign currencies

As I said, interest rates are raised to encourage savings and to control inflation. It would encourage Pakistani investors holding $bn USD to invest in PKR at higher interest rates than the profit they are expecting on selling USD at higher price due to exchange rate movements. In return, investors will let go off USD, lowering the burden on PKR exchange rate.

Your point of falling PKR doesn't stand because for the last 40 months, Interest rate parity (IRP) does not hold for USD and PKR.

 

[313ghazi]

Considering we're near bankrupt, we should be glad we're not in recession. I suspect there are better ways of dealing with things though. PTI is not a magic pill that will fix everything, it is the least worst option by a clear distance. We still have the same bureaucrats, civil servants - even many of the same political faces who have just jumped ship.

That is not to say there won't be change. We have changed leadership at the top, we can hope for a trickle down in the attitudes. We have some new faces in parliament and with time I hope we get new faces in the bureaucracy and civil service. That is where the real change is required to get fresh ideas.