Economic Bloodbath on a Colossal Scale?

[Patriot forever]

Dont need to write volumes of mismanagement at the moment but the current state of affairs has hurt me to the core. I have never felt so depressed in my whole life spanning more than five decades. The State and the Govt seem clueless in steering the ship to its correct course. This economic crises is creating a lot of security issues as well with the belligerent enemy sensing a sinking titanic and taking advantages of the current situation. What can be more heartbreaking that all the big and small countries in SAARC will be ahead of us by 2020 in GDP growth. I seek a solution with collective wisdom and national unity and not witch hunting. Our Motherland belongs to the Govt and opposition alike,need to formulate a Charter of Economy at the earnest. The figures below need to improve drastically,1 year economic scorecard.
- growth rate 5.8% to 2.4%
- budget deficit highest ever 8.9%
- FDI -50%
- Inflation 4.5% to 10.3% and increasing
- Discount rate 5.75% to 13.25%
- Debt highest ever Rs 7.8 tr in 1 year
- Tax revenue shortfall highest ever Rs 600b
- Dev budget -50% cut
- PSX 14000 points down
- Dollar up 40%
I can go on and on , elders suggested the Govt of Yahya Khan was the worst in our history which lead to the dismemberment of Pakistan. To be fair the current indicators and sequences are not that far. Please wake up and direct all the media houses to devise programmes on economic uplift rather than constant mudslinging. House committees on economic affairs should be constituted immediately. All State institutions should remain in their domains for good. There may be more suggestions derived from collective wisdom. I request everyone to please try to wake up the powerful quarters before its too late.

This should be in the comedy section.

None of your figures is correct.

-Psx is higher than in 2018

-Dollar up but so are our
Reserves at historic high
Exports at record high
Remittances are record high.
CAD at lowest.

-Inflation CPI is at 8.35%
But so is our
Industrial output at all time high
Agriculture output is all time higb
Listed companies record high
Textile exports at all time high
As these sectors are the largest employers of workforce so is their earning.

- Growth last year was 3.9% in 3 quarters and overall will be 4.4% in FY 2021

- FDI in plmn term was higher as in 30% return on equity which is responsible for
the electricity tariff increase as compared to quality FDI in PTI
Just this CYTD startups have attracted highest ever funding in Pakistan



Have some shame, though I do not expect anything from someone whom parents taught them to steal instead of sending them to school. Haram mall really fucked you up in the head.

Crocodile tears. A selected list of negative figures many of which are incorrect.

All of them are incorrect. He is a propagandist.

The more these people open their mouth the more I understand ye ka×j×r kon si dukan chalatay aye hain. People like him are the reason our country has not progressed since the 80's.

 

[Patriot forever]

on def.pk , you are merely arguing with fools and muppets here who are mostly kids and PAF enthusiasts who have no clue about how 'actually; the economy works .


back to the topic,

1. i believe we are passing through a period of painful economic 'correction'

2.lets not forget ,the previous rulers have F**** up things, our CAD was 20 bn in July 2018 . ( now its 13 bn )

3. the whales with money have stopped the money supply in the economy and not investing

4. housing prices and real estate in general was in a bubble . i expected this fall

5. the govt is excessively 'regulating' the economy in my opinion. from bank accounts monitoring to excessive taxation . this is not good IMO .

6. PSX will bottom out around 22-25k . good opportunity to cherry pick blue chips

7. i give two more years before we see any stability

I do agree to a lot of the things you stated. A very balanced post.

Some few points I would like to add.

1) Real state will hold simple because construction costs have gone up.

2) Yes regulation is tight given we are in FATF and IMF programmes.

3) There is plenty of liquidity available, just the recent IPO's or the boom in the construction industry. But yes they are cautious.

4) PSX will not go that low, the only scenario it will tank to that level is if we get out of IMF programme or extreme hike in interest rate. It is still the best investment in terms of returns.

 

[FOOLS_NIGHTMARE]

https://twitter.com/x/status/1438748280964501506

 

[Chak Bamu]

does nawaz sharif even know the spelling of economics? this single-digit IQ degenerate is solely responsible for the situation we are in right now. Imran Khan is not a magician and to change or bring reform you need a party like the Chinese CPC. otherwise, reforms go slow in countries like Pakistan.

The person who kick-started de-regulation in the region (yes Pakistan did it first & India followed suit) does not know spelling of economics? This is beyond funny. How come his governments had better policies that delivered results, the last government being a good example of the same? Not only did Pakistan finance a war, secure borders, bring down tensions on the border, but attracted investments, low-cost loans, & steadily growing tax receipts & GDP growth? Its all verifiable information & I need not make up figures out of thin air like PTI fan-boys do.

When you come back with "kurrupshion, chor, debt, CAD...." etc... do know that these things are worse in the last 3 years. So you might wanna think before you post.

 

[Rafael]

The person who kick-started de-regulation in the region (yes Pakistan did it first & India followed suit) does not know spelling of economics? This is beyond funny. How come his governments had better policies that delivered results, the last government being a good example of the same? Not only did Pakistan finance a war, secure borders, bring down tensions on the border, but attracted investments, low-cost loans, & steadily growing tax receipts & GDP growth? Its all verifiable information & I need not make up figures out of thin air like PTI fan-boys do.

When you come back with "kurrupshion, chor, debt, CAD...." etc... do know that these things are worse in the last 3 years. So you might wanna think before you post.

Even if all above is true, what mattered in the end was he left Pakistan on the verge of declaring bankruptcy and CAD of around USD 18 billion with barely 1 month of import cover.

So that 'growth' led to a massive adjustment later on and average Pakistani paid the price for it. This govt. will be a bigger culprit if once again they let CAD balloon to the same level.

So I am keeping my fingers crossed and hope for Pakistan's sake that we do not repeat the same mistake for 3rd time in last 15 years.

 

[Big_bud]

DIG

 

[Mav3rick]

The person who kick-started de-regulation in the region (yes Pakistan did it first & India followed suit) does not know spelling of economics? This is beyond funny. How come his governments had better policies that delivered results, the last government being a good example of the same? Not only did Pakistan finance a war, secure borders, bring down tensions on the border, but attracted investments, low-cost loans, & steadily growing tax receipts & GDP growth? Its all verifiable information & I need not make up figures out of thin air like PTI fan-boys do.

When you come back with "kurrupshion, chor, debt, CAD...." etc... do know that these things are worse in the last 3 years. So you might wanna think before you post.

Sometimes I am so shocked at the mindset and common sense of my fellow Pakistanis that I literally pledge to myself never to engage with them on how bad PTI has been for Pakistan and that it may take us 10 years or more to get back to the economic stability we were at in 2017 before Ishaq Dar was forced to leave the country.

Any of them can pick up Imran Khan's own words from his dharna days and it is evident how big a liar he is, he is munafiq-e-aala and can lie so beautifully that it can very easily persuade and manipulate the simple, the politically motivated and those who like his appearance as compared to Nawaz and Zardari.

 

[AZ1]

Sometimes I am so shocked at the mindset and common sense of my fellow Pakistanis that I literally pledge to myself never to engage with them on how bad PTI has been for Pakistan and that it may take us 10 years or more to get back to the economic stability we were at in 2017 before Ishaq Dar was forced to leave the country.

Any of them can pick up Imran Khan's own words from his dharna days and it is evident how big a liar he is, he is munafiq-e-aala and can lie so beautifully that it can very easily persuade and manipulate the simple, the politically motivated and those who like his appearance as compared to Nawaz and Zardari.

Yeah we should belive this guy who ran away by lying in court about his health what about the mindset for such ppl who support nawaz?

 

[VCheng]

Yeah we should belive this guy who ran away by lying in court about his health what about the mindset for such ppl who support nawaz?

What is better: Purana Pakistan with New Taqdeer, or Naya Pakistan with Old Taqdeer? Is there even a tangible difference?

 

[AZ1]

What is better: Purana Pakistan with New Taqdeer, or Naya Pakistan with Old Taqdeer? Is there even a tangible difference?

check the difference it will take time to make taqdeer, 30 years given to old pakistan now you expect magic to undo the damage of 30 years and give you result in 3 years.

Remittance

Pakistan receives record $29.4 billion remittances in 2021

Pakistan received record $29.4 billion remittances during the financial year 2020-21 as non-resident Pakistanis continued to send over $2 billion foreign e..

www.khaleejtimes.com

now we can all burn and give subsidy for 1-2 year then what?.

 

[VCheng]

check the difference it will take time to make taqdeer, 30 years given to old pakistan now you expect magic to undo the damage of 30 years and give you result in 3 years.

That is why I have always said to wait till the end of the term to see just how much has been delivered on all the promises made.

 

[AZ1]

That is why I have always said to wait till the end of the term to see just how much has been delivered on all the promises made.

Sure and yes wait till this turn ends to have clear picture.

 

[TNT]

It is because this govt is as stupid and corrupt as the previous two scumbags. Bureaucracy have been given all power and those are the real corrupt lot that used to split corruption with the old govts. The ones that enabled corruption and did the "official" covers for it are now free to do as they wish. IK personally may not be financially corrupt but he is an idiot and being made a fool by the ppl around him including peerni.

 

[AZ1]

It is because this govt is as stupid and corrupt as the previous two scumbags. Bureaucracy have been given all power and those are the real corrupt lot that used to split corruption with the old govts. The ones that enabled corruption and did the "official" covers for it are now free to do as they wish. IK personally may not be financially corrupt but he is an idiot and being made a fool by the ppl around him including peerni.

In pakistam every other person working in govt depart is more or less corrupt because our court dont punish corrupt. Ik alone cant do and give punishment and become police officer, then judge and pass judgement. We seen what our media role in nawaz situation.

In pakistan ppl give respect to corrupt, more corrupt, more respect.

As long as that corrupt person giving some perks.

 

[El Sidd]

In pakistan ppl give respect to corrupt, more corrupt, more respect.

As long as that corrupt person giving some perks.

might is always right.