Economic chaos in Pakistan: outlook is gloomy

[Kuru]

What I want to know is, its been 7 years since CPEC. Why haven't the export numbers gone up? There has literally been no change. Where is the ouput for a $55 billion loan?

More than the output, you should be concerned about how Pakistan is going to repay this CPEC loan to China which, last I heard, was taken at commercial rate.

 

[ghazi52]

.,.,
State Bank of Pakistan's foreign exchange reserves as of Thursday are down by $923 million to a record low of $3.68 Billion.
The import cover is down to 0.7 months.

 

[Dalit]

I thought PDM was going to bring glory to Pakistan?

 

[SaadH]

I thought PDM was going to bring glory to Pakistan?

Where have the Army brats and their newfound toadies patwari brigade as well as their natural hindutva allies disappeared when you need answers to some serious questions?

 

[Indos]

I dont know about Pakistani law, but do they require all the exporters to retain the USD inside the country ?

Retaining the USD made by the exporters (goods and services) is also done in India, this is one of the reasons why they have high USD reserve.

 

[Dalit]

Where have the Army brats and their newfound toadies patwari brigade as well as their natural hindutva allies disappeared when you need answers to some serious questions?

They are all hiding as guests.

 

[ghazi52]

..,

 

[ghazi52]

Pakistan used to be proper country ..........

Now Dar is in Pakistan................

 

[epebble]

This is a realistic prediction, though downbeat. Bottom line: It is more likely to be a secular decline than anything 'revolutionary'. The buzzword is Lebanonization (and NOT Balkanization)

Future of Pakistan​

Future of Pakistan

Pakistan is imploding, and its future is not breakup or collapse but more violence and chaos.

www.dawn.com

 

[ghazi52]

.,.,

Annual inflation clocks in at 34.05%​

The Express Tribune
Jun 24, 2023

ISLAMABAD: The surge in inflation persisted in Pakistan, as it clocked in at 34.05% on an annual basis, according to the Pakistan Bureau of Statistics.

On a weekly basis, the inflation inched up by 0.33%.

The PBS, in its weekly inflation report, has revealed that during the past week, the prices of 20 essential items rose, while that of 12 experienced a decline. Meanwhile, the prices of 19 items remained unchanged.

According to the report, flour prices witnessed a substantial increase of 4.95%, followed by potatoes 2.60% and sugar 2.49% within a week’s span.

In contrast, certain commodities experienced a decrease in prices. Bananas, for instance, became more affordable by 5.56%, while the price of liquefied petroleum gas (LPG) dropped by 4.30%. Additionally, onions experienced a decline of 4.03%, and tomatoes saw a decrease of 1.63% within the same week.

Surging inflation is worrying for Pakistanis who are already dealing with the economic challenges posed by decreasing purchasing power.

 

[salarsikander]

And Folkls Presenting you the economic Revival Plan by Dikheaded Loser Khaki Chadis With most Esteemed non elected Govt PDM the the corruptest and most incompetent of All - the losers and Jahil sitting in Our tax-funded Chairs had this brilliants Idea to Oust an Elected Govt and bring the country to Brink of Disaster - A repet of 1971

 

[ghazi52]

.,.,

Govt reviews FY24 budget as last ditch effort to clinch IMF deal​

The federal government will raise a further Rs215 billion in new tax and cut Rs85bn in spending for the fiscal year starting next month.

 

[ghazi52]

.,.,,..,

Bank of America says PKR could devalue to Rs340/$​

High domestic borrowing, unsustainable debt raise concerns over currency’s stability

Salman Siddiqui
July 06, 2023

Bank of America (BofA)Securities has predicted that Pakistan’s currency could devalue to Rs340 against the US dollar due to high domestic borrowing, substantial interest payments, and the need to restructure unsustainable debt in 2024 and 2025.

The Pakistani rupee closed at Rs277.41 against the US dollar in the interbank market on Wednesday, according to the State Bank of Pakistan (SBP).

BofA Securities expects inflation to remain high over the next few years, with a projection of 26% in FY24. They also anticipate that Pakistan’s central bank’s key policy rate may rise to 25% in the year, compared to the current rate of 22%.

The report suggests that the economy may grow by 2.5% in the year, falling short of the government’s target of 3.5% for FY24.

 

[epebble]

.,.,,..,

Bank of America says PKR could devalue to Rs340/$​

High domestic borrowing, unsustainable debt raise concerns over currency’s stability

Salman Siddiqui
July 06, 2023

Bank of America (BofA)Securities has predicted that Pakistan’s currency could devalue to Rs340 against the US dollar due to high domestic borrowing, substantial interest payments, and the need to restructure unsustainable debt in 2024 and 2025.

The Pakistani rupee closed at Rs277.41 against the US dollar in the interbank market on Wednesday, according to the State Bank of Pakistan (SBP).

BofA Securities expects inflation to remain high over the next few years, with a projection of 26% in FY24. They also anticipate that Pakistan’s central bank’s key policy rate may rise to 25% in the year, compared to the current rate of 22%.

The report suggests that the economy may grow by 2.5% in the year, falling short of the government’s target of 3.5% for FY24.

This prediction is useless without giving a time estimate. Everybody can say it may reach 340 by n years. It takes some confidence to say it will happen in 12 months. I will throw my hat. it will cross 340 in under 12 months.

 

[Menthol]

I wonder what is actually happened to Pakistan??

Can some Pakistani members explain it to me?