CAD to swell further by 2022

[The Accountant]

Lol we'll need to rig elections cause PMLN never believed in exports in the first place

And as of now if we don't rig elections, they'll win

Educating people is the better way. Ends does not justify the means. Mark my words if we willfully allow Imran khan to rig the election then we r no better than pmln supporter.

 

[ziaulislam]

BTW, 1.2 billion USD have already been burned by the SBP in the past few months (Dar economics) to stem further devaluation of PKR.

I didnt know that state bank reserves dropped from 20b to 18.8b$

Dont trust every fake news hear

I would recomend just looking at a single indicator for simplicity..CAD<2%

Educating people is the better way. Ends does not justify the means. Mark my words if we willfully allow Imran khan to rig the election then we r no better than pmln supporter.

I think the best teacher will be default
We need to default the economy give up kashmir may be break up the country and then people will learn
Some might still not learn

 

[Patriot forever]

BTW, 1.2 billion USD have already been burned by the SBP in the past few months (Dar economics) to stem further devaluation of PKR.

That is not true. It was deliberate propaganda to create destability and encourage speculation. So was the statement that curb market hit 174 by Mifta.

It's laughable.

When state Bank buys dollars from market and when it intervines is visible. Furthermore forex market denied any intervention.

 

[Zibago]

105

Nope it was 128

 

[The Accountant]

I didnt know that state bank reserves dropped from 20b to 18.8b$

Dont trust every fake news hear

I would recomend just looking at a single indicator for simplicity..CAD<2%

I think the best teacher will be default
We need to default the economy give up kashmir may be break up the country and then people will learn
Some might still not learn
View attachment 778624

Still brother dishonesty is not the solution. May be we have to do away with democracy for sometime.

Media is the biggest traitor. They are not highlighting any of the good thing happening...

Our production capacity which is the real fuel of economy is being enhanced at a very rapid pace. Be it agriculture in the form of economy and forest after forest of olive oils ... Be it assembly units of cars mobile and other products... Be it privatisation of steel mill, modernization of oil refineries and bringing agriculture product price to market sustem making them profitable to enhanve firther productivity ... All these actions being taken now will bear the fruits in 8 to 10 years time ...

However media being the traitor not educating the masses. Infact the are at the front foot to misguide and making fool of the masses as they themselves corrupt to the core and beneficiary of this system which is made for elite ...

 

[ziaulislam]

Still brother dishonesty is not the solution. May be we have to do away with democracy for sometime.

Media is the biggest traitor. They are not highlighting any of the good thing happening...

Our production capacity which is the real fuel of economy is being enhanced at a very rapid pace. Be it agriculture in the form of economy and forest after forest of olive oils ... Be it assembly units of cars mobile and other products... Be it privatisation of steel mill, modernization of oil refineries and bringing agriculture product price to market sustem making them profitable to enhanve firther productivity ... All these actions being taken now will bear the fruits in 8 to 10 years time ...

However media being the traitor not educating the masses. Infact the are at the front foot to misguide and making fool of the masses as they themselves corrupt to the core and beneficiary of this system which is made for elite ...

Media is not a traitor

People never liked imran khan before they dont like him now
Cent.Punjab and int. Sindh will never vote for an outsider
He got elected via a slim majority miracle and south punjab engnr. This is will not happen again

 

[Affan-khan]

BTW, 1.2 billion USD have already been burned by the SBP in the past few months (Dar economics) to stem further devaluation of PKR.

Btw how u got this number ?

 

[The Accountant]

Media is not a traitor

People never liked imran khan before they dont like him now
Cent.Punjab and int. Sindh will never vote for an outsider
He got elected via a slim majority miracle and south punjab engnr. This is will not happen again

How come racism linked with media reporting false position ?

I am telling u about apples and u r replying oranges.

On racism about people not liking him, over the period pmln and ppp has successfully reduced IQ of the people of sindh and central punjab. I feel sorry for the people with reduced IQ who believe in the slogan khata ha tu lagata bhi tu ha ... Mr. 10% 1 zardari sb per bhari ...

Our industry got destroyed, our economy got destroyed and we were on verge of collapse and default.

I can only pray for those racist to give them hidayat.

 

[Maula Jatt]

Media is not a traitor

People never liked imran khan before they dont like him now
Cent.Punjab and int. Sindh will never vote for an outsider
He got elected via a slim majority miracle and south punjab engnr. This is will not happen again

Very unfair as in Faisalabad and other industrial cities of CP, PPP always had a strong showing (LW- workers rights crap)
Its just that PTI is not appealing to them, they want CP to vote for em without putting in proper effort

Like come from a CP perspective why would they vote for PTI
They offer them nothing different from PMLN (PPP at least said something about workers rights), they removed their CM, and Sharifs are local guys

So blaming CP alone is wrong

One positive I can see is during PMLN industries stopped but PTI started them in Faisalabad, so maybe just maybe this can lead to a strong showing of PTI in CP industrial cities

 

[Pak Nationalist]

Btw how u got this number ?

It was from a scoop by an ET journo. No formal denial of the scoop has come from SBP.

The issue is that he used up all reserves to stable rupee and not let it depreciate. Our reserves literally depleted from $25B to $9B. How is this comparable when even after SBP used up money, they are still at $24B...

How long would these stay there? There is a reason we are going back to continue the IMF program. It is alarming that even after burning around 1 billion USD, the PKR's slide has not been stemmed. Telling about the pressure it is under and the dire fundamentals behind it.

 

[Pak Nationalist]

I didnt know that state bank reserves dropped from 20b to 18.8b$

Dont trust every fake news hear

I would recomend just looking at a single indicator for simplicity..CAD<2%

I think the best teacher will be default
We need to default the economy give up kashmir may be break up the country and then people will learn
Some might still not learn
View attachment 778624

In the past two months, the CAD has exceeded 2 billion USD. Extrapolate that for 10 more months, and the 6-8 billion USD CAD would dissipate into thin air.

Alarm as current account deficit balloons to $1.5bn in August

The deficit has increased by a whopping 81pc over a month.

www.dawn.com

That is not true. It was deliberate propaganda to create destability and encourage speculation. So was the statement that curb market hit 174 by Mifta.

It's laughable.

When state Bank buys dollars from market and when it intervines is visible. Furthermore forex market denied any intervention.

Banks did it at SBP's behest. That is why SBP reserves remain intact.

Still brother dishonesty is not the solution. May be we have to do away with democracy for sometime.

Media is the biggest traitor. They are not highlighting any of the good thing happening...

Our production capacity which is the real fuel of economy is being enhanced at a very rapid pace. Be it agriculture in the form of economy and forest after forest of olive oils ... Be it assembly units of cars mobile and other products... Be it privatisation of steel mill, modernization of oil refineries and bringing agriculture product price to market sustem making them profitable to enhanve firther productivity ... All these actions being taken now will bear the fruits in 8 to 10 years time ...

However media being the traitor not educating the masses. Infact the are at the front foot to misguide and making fool of the masses as they themselves corrupt to the core and beneficiary of this system which is made for elite ...

What are you basing this on? How is the productive capacity increasing? The food import bill has touched 8 billion USD. We are importing both wheat and sugar in repeated trenches.

 

[ziaulislam]

In the past two months, the CAD has exceeded 2 billion USD. Extrapolate that for 10 more months, and the 6-8 billion USD CAD would dissipate into thin air.

Alarm as current account deficit balloons to $1.5bn in August

The deficit has increased by a whopping 81pc over a month.

www.dawn.com

Banks did it at SBP's behest. That is why SBP reserves remain intact.

What are you basing this on? How is the productive capacity increasing? The food import bill has touched 8 billion USD. We are importing both wheat and sugar in repeated trenches.

Thats too much extraprolation..come back with 6 month data
Banks will never do it..i dont even count it.
Why would banks throw their money..thinking this would be nuts

In the past two months, the CAD has exceeded 2 billion USD. Extrapolate that for 10 more months, and the 6-8 billion USD CAD would dissipate into thin air.

Alarm as current account deficit balloons to $1.5bn in August

The deficit has increased by a whopping 81pc over a month.

www.dawn.com

Banks did it at SBP's behest. That is why SBP reserves remain intact.

What are you basing this on? How is the productive capacity increasing? The food import bill has touched 8 billion USD. We are importing both wheat and sugar in repeated trenches.

World food inflation is at 30%
Dollar index at ALL TIME HIGH
I expect for these reasons.CAD to be at 2% or higher but since most will think this transitory you will not see much pressure on reserves(lenders will understnd)

 

[Pak Nationalist]

Thats too much extraprolation..come back with 6 month data
Banks will never do it..i dont even count it.
Why would banks throw their money..thinking this would be nuts

World food inflation is at 30%
Dollar index at ALL TIME HIGH
I expect for these reasons.CAD to be at 2% or higher but since most will think this transitory you will not see much pressure on reserves(lenders will understnd)

Aggregate demand in the economy was not at the level as witnessed in the past two months, and that is why using a dataset with six months limit is unrealistic. The demand would continue to build further, and if anything, the CAD quantum should widen further in the months to come. Banks have done that in the past under the influence of SBP. SBP can push the commercial banks into disposing of their holdings into the open market to increase the dollar supply.

 

[313ghazi]

China started economic reforms in 1979 and they were not even in top 10 exporters in 2000. It took 2t years of reforms to give them benfits.

India was about to bankrupt in 1991 and was in worst condition then we r today. They started reaping benefit in 2007 i e. After 16 years they were able to cross gdp per capita of Pakistan.

All in all its a long haul. We need to build our production capacity.

We need to make our business profitable. These structural changes of adjusting the exchange rate as per market, increase in commodity prices will make the business and farmers profitable.

We will be able to feel the benefits in 10 years time.

U have to invest on a child by sending him school college and university. U dont expect him to earn for u or deliver after 3rd class. Do u? U have to bear the fees for 16 to 18 years only then he will be able to earn for 40 years.

Same is case with Pakistan. We have to work hard for somtime to get the benefits in future.

Dont we remember our market filled with cheap chinese products? We destroyed our production base. Now with increase in dollar they r back in business but it need time to establish production capability.

Oh look a sensible post.

 

[ziaulislam]

Aggregate demand in the economy was not at the level as witnessed in the past two months, and that is why using a dataset with six months limit is unrealistic. The demand would continue to build further, and if anything, the CAD quantum should widen further in the months to come. Banks have done that in the past under the influence of SBP. SBP can push the commercial banks into disposing of their holdings into the open market to increase the dollar supply.

Its never been done except for 1998 when we defaulted
Otherwise we wouldnt have been begging arab countries