Daronomics - Dar's attack on exports has begun

[Maula Jatt]

https://twitter.com/x/status/1575869952946409472

Truly evil reincarnated - miftah eventhough a Nooni was an angel compared to this animal

Dar to pakistani exporters

 

[Valar.]

Miftah was just dumb but Dar on the other hand is pure evil and a fkn traitor.

 

[Hexlor]

What did you expect? Reducing exports is literally PMLN/PDM's trademark. PMLN reduced exports by $3-5 billion from 2013 to 2018 while increasing imports by $10-20 billion. Putting restrictions on exports is a classic corrupt rat move by them.

 

[Pakstallion]

The blame is not on the idiots but Mir Bajwa who sold out our country and brought these thieves back. He’s the reason and source of the disaster Pakistan is going through and will go through over next many years - no matter who’s in power. May he get in this life and the next what he deserves for the pain and death from poverty of Pakistanis.

 

[crankthatskunk]

if you see my old posts regarding Dar. I have always said this man is far greater evil than dumb Sharif brothers, who know nothing about anything, they both are uneducated thieves and thugs.

This bastard design and implemented 18th ammendment with the help of Zardaris, who wanted to make Sind as their source of income, the budget goes to them not to the Sind public.

He is the economic hitman, it has been arranged for him to come back and finish off his project.
Now Pakistan would be destroyed to the point that its existence would not be possible economically. Denuke Pakistan had been and is the main agenda, make no mistakes.

 

[PradoTLC]

https://twitter.com/x/status/1575869952946409472

Truly evil reincarnated - miftah eventhough a Nooni was an angel compared to this animal

Dar to pakistani exporters
View attachment 884254

nice job!

with lower exports...Noonies have a great plan to close the current account debt..

 

[PakFactor]

if you see my old posts regarding Dar. I have always said this man is far greater evil than dumb Sharif brothers, who know nothing about anything, they both are uneducated thieves and thugs.

This bastard design and implemented 18th ammendment with the help of Zardaris, who wanted to make Sind as their source of income, the budget goes to them not to the Sind public.

He is the economic hitman, it has been arranged for him to come back and finish off his project.
Now Pakistan would be destroyed to the point that its existence would not be possible economically. Denuke Pakistan had been and is the main agenda, make no mistakes.

Some on this forum believe Dar to be some sort of saint cause he was bacha bazing around a darbar.

 

[Olympus81]

I don’t understand if it’s a very hard concept for some Pakistanis to understand.

If Mr.X is corrupt, no amount of spirituality, religiousness can be a waiver for a person from disqualification.

Simply put, Allah (SWT) has mentioned very clearly in the Quran, what happens to nations who let the corrupts back in power and rule over them.

Coming back to Dar, he is a bastard of the highest degree. He is corrupt. The prick spilled the beans on his and Sharifs corruption and money laundering in writing and yet he was let go by the courts. Read the Hudaibya Paper reference.

To add salt, this twat knowingly grounded Pakistan’s economy near the point of no return. His own buddy Miftah told the Army Chief that we hope PMLN loses the next elections.

And now he is back. If some of you think he has changed and got some sort of Ruhaani or Mazhabi hidayat, then I think you need to tell me what is it that you are smoking.

 

[ghazi52]

Populism on IMF and interest rate hikes​

Populism around the rupee and interest rate must be avoided as it can jeopardise the IMF programme and undermine the State Bank of Pakistan's (SBP) autonomy. The previous government had brought the IMF programme to a halt by its populist policy of freezing fuel prices in March, which took the country near default.

The outgoing finance minister has done much-needed work and reforms to get the IMF programme back on track. These efforts must not be wasted by artificially fixing the currency price and asking the SBP in public gatherings to cut policy rates. The government must act on what the country committed, including a market-determined exchange rate.

Additionally, the new economic team must engage with the IMF to ease some tough conditions, particularly related to inflationary revenue sources. With a priority focus, the new finance minister, as he has already indicated, must sit with the IMF for relief in the ongoing programme.

As floods have washed out almost 10pc of last year's GDP, the revenue target must be revised accordingly. At the very least, the IMF should be convinced to cut it by 10pc, leading to a revenue target of Rs6,723 billion for FY23 instead of Rs7,470bn. The majority of the cut must be aimed at petroleum levy and electricity prices which will significantly ease inflationary pressure.

Fixing currency price by freezing impact of economic fundamentals​

A market-based exchange rate functions only when changes are caused by market or economic fundamentals. If speculations or sentiments start to play a larger role or begin to influence currency deviation, the situation becomes very dangerous and has a negative effect on the effort to establish an efficient market-based exchange rate.

Efforts to get the rupee back its worth must not be confused with not letting economic changes pass on to the PKR and fixing the currency price. There are fears that the approach to stabilise the currency shall be the same as the one taken in 2013-2017, in which dollars were injected into the market and an artificial exchange rate was created.

This has a serious long-term impact on the economy, and hence should be avoided. The exchange rate is the price of currency and like any other prices, it is damaged if distorted.

Policies undermining the SBP's autonomy​

While arresting the rupee’s fall, the new finance minister must work with the SBP as managing the exchange rate is a core responsibility of the central bank. A close collaboration between monetary and fiscal policy must be ensured. But any policies that bypass the SBP or compromise its autonomy must be avoided.

After the SBP Amendment Bill, 2021, which granted full autonomy to the central bank, it becomes the SBP's responsibility to come up with a mechanism or a framework to pre-empt speculative pressures on the rupee and make independent decisions about the policy rate.

The new finance minister must strengthen the SBP so that there is no perception of unduly intervention of the finance ministry in the SBP’s roles.

'Rupee's guardian angel': Will the new finance minister be able to fulfil all expectations tied to him?

The new finance minister has a much better environment than his predecessor did.

www.dawn.com

 

[SoulSpokesman]

@ghazi52

There are fears that the approach to stabilise the currency shall be the same as the one taken in 2013-2017, in which dollars were injected into the market

Ghazi sb, You can relax on this count at least. There are no dollars left to inject into the market any more (unless Dar sb by some magic is able to secure zillions of dollars from somewhere)

Regards

 

[I.R.A]

Ghazi sb, You can relax on this count at least. There are no dollars left to inject into the market any more (unless Dar sb by some magic is able to secure zillions of dollars from somewhere)

Bajwa and his visit to US.

 

[Wood]

The twitter handle (used as information source in OP) is a well known pro PTI outlet. I've seen several PTI followers use this as a source to deliberately disseminate a skewed perception about macro economic indicators on this forum. Readers beware.

As for the information presented, rational readers must ask: Who decides what are competitive rates for different industries? Have we looked at peer countries in the region to identify the power tariff for high tension consumers? In India for example, many states give free electricity to farmers. This inevitably means that high tension customers are charged a premium and this collection is cross subsidized to low productive agricultural farms. This is hailed as welfare socialism and the electorate demands this benevolence from the elected politicians.

 

[SoulSpokesman]

@I.R.A

Bajwa and his visit to US.

If indeed he is able to secure dollars in the form of grants/aids that is to be welcome. But if he gets dollars, which are then used for speculation, in the form of debt and which have to be repaid, then he is creating a bigger problem. Let's hope it is the former.

Regards

 

[Ssan]

Miftah has already started to castigate his own government. Dar is a horrible finance minister- easily the worst one we have ever had.

 

[lastofthepatriots]

Miftah has already started to castigate his own government. Dar is a horrible finance minister- easily the worst one we have ever had.

Muftah said that the noonies wouldn’t let him implement any policies. He claims he was being dictated.