Artificially maintaining high value of rupee damaged economy: Asad Umar

[Khafee]

Devaluation doesn't work like this.......with double digit inflation and interest rates along with -ve LSM...

Please elaborate, in simple english.

Thanks!

 

[maithil]

https://twitter.com/x/status/1114181836522102784

Looks like Asad Umar has lost lots of respect. He is meme material now.

 

[Khafee]

https://twitter.com/x/status/1114181836522102784

Looks like Asad Umar has lost lots of respect. He is meme material now.

 

[H!TchHiker]

Please elaborate, in simple english.

Thanks!

Sheikh sahb welcome....Jany do song suno inspiration lo..We have to import even daal , tamatar let alone OIL and other basic commodities ...Inputs to the industry is getting more expensive and with no major value added export..Other then garment we have nothing to export ..which is also not that much competitive..just 2% increase in export while awam is facing inflation and paying double in gas bill with increase in utility charges..I am all for it if "just devaluation can decrease CAD"...
Bangladesh have duty free access to China as recently agreed ..Why don't we asked for that..Ya power plant lagany sa ahca ha agar koi IC kaplant laga lain with local technical skills or help from other countries..Malaysia earn 45b USD just with export of IC........Thaikay pa zameen dayka araam krty hain on agri land..Just with introduction of cooperate farming we can increase the yield more then 30% percent..Yaha ajtak faslo ko pani ka lya 100 saal purana nizam ha...Barish hjay to fasal khatm hjti ...drip irrigation system pa pa ka koi kam nai krta ..that save 40% of water.wastage through current Irrigation system

 

[Khafee]

Sheikh sahb welcome....Jany do song suno inspiration lo..We have to import even daal , tamatar let alone OIL and other basic commodities ...Inputs to the industry is getting more expensive and with no major value added export..Other then garment we have nothing to export ..which is also not that much competitive..just 2% increase in export while awam is facing inflation and paying double in gas bill with increase in utility charges..I am all for it if "just devaluation can decrease CAD"...
Bangladesh have duty free access to China as recently agreed ..Why don't we asked for that..Ya power plant lagany sa ahca ha agar koi IC kaplant laga lain with local technical skills or help from other countries..Malaysia earn 45b USD just with export of IC........Thaikay pa zameen dayka araam krty hain on agri land..Just with introduction of cooperate farming we can increase the yield more then 30% percent..Yaha ajtak faslo ko pani ka lya 100 saal purana nizam ha...Barish hjay to fasal khatm hjti ...drip irrigation system pa pa ka koi kam nai krta ..that save 40% of water.wastage through current Irrigation system

Points to be noted!

 

[rak_987]

Can someone slap this ch***** and remove him or will their be early elections. Bloody pig Finance Minister, the medicine and other important items have jumped up but this beghairat has no conscience to resign. Can't run a ministru or even do a basic job right.

 

[Crusher]

I think Asad Umar is not an economist so I don't expect any well thought out economic strategy and policy from him, he is acting like a typical CEO of a corporation which he indeed was in the past and making decisions without taking the social implications of his financial and economic policies. The guy is letting devaluation of currency and appreciation of prices of electricity and other commodities over night at a full throttle speed without taking into account the social implications of the effects of his full throttle hasty approach.

A properly trained economist with an academic background in economics usually takes full picture of social implications of his economic policies unlike asad umar who is an MBA trained only to work as business administrator of a company or financial organization and always thinking in terms of quarterly balancing sheet of the company in terms of profit and loss without taking social implications of his policy decisions particularly the pace of the implementation of those decisions.