Ex Finance Minister Ishaq Dar says he now believes in PTI govts GDP figures

[Norwegian]

Ex Finance Minister Ishaq Dar says he now believes in PTI govts GDP figures, but still got trolled anyway

https://twitter.com/x/status/1495018650553757700

https://twitter.com/x/status/1495003279784394754

https://twitter.com/x/status/1495024671443636229

@Patriot forever @farok84 @ziaulislam @Dual Wielder @AZ1 @blueazure @muhammadhafeezmalik @Mav3rick @Tameem @hydrabadi_arab @blain2 @Jungibaaz @wali87 @El Sidd @ghazi52 @SIPRA @HRK @Zibago @Jazzbot @Indus Pakistan

 

[PakFactor]

 

[ghazi52]

He is....................

 

[Norwegian]

He is....................

View attachment 816930

Pakistanis made a chartered accountant country's finance minister twice. Naturally it led to disaster in country's financial and economic situation. Even poor and backward countries compared with Pakistan hire professionals as their finance minister as it's the most important job in govt. How unlucky and incompetent!

 

[Patriot forever]

Pakistanis made a chartered accountant country's finance minister twice. Naturally it led to disaster in country's financial and economic situation. Even poor and backward countries compared with Pakistan hire professionals as their finance minister as it's the most important job in govt. How unlucky and incompetent!View attachment 816931View attachment 816932

This is what I have telling about, the amount of depreciation in REER of pkr is record in plmn time.

This is what happens when one prints 7 trillion rupees coupled with meager growth in inflows and massive growth in external outflows. ( These are the biggest factors that affect currency).

With the SBP printing and pkr depreciation comes massive inflation. In order to sudbue that inflation they artificially manipulated currency ( since economy was highly import dependant). Couple that with compromised central Bank and incompetent finance ministry that is non existant monetary policy ( interest rate) on SBP part and fiscal policy ( tax regime to control consumption) on finance ministry part, it was a cycle of complete destruction.

Furthermore they levied irrational taxes on greater than 50k pkr transactions and such measures promoting massive shift in favour of cash undocumented economy. I remember during that time we sold a plot and the buyer paid ( North of 2 crore) through cash in locker with the same bank ( same branch) he had the account in and paid down-payment through check. It took us the whole day moving cash in multiple trips to our bank. The money was all clean.


When ppp left our economy was in a much better position with currency, momentum in exports, and balanced monetary and fiscal policy combination to check in runaway externals and consumption.

GDP numbers in dollars is irrelevant when one is actively subsidising currency.


@Jungibaaz @Pak Nationalist

 

[Maula Jatt]

Pakistanis made a chartered accountant country's finance minister twice. Naturally it led to disaster in country's financial and economic situation. Even poor and backward countries compared with Pakistan hire professionals as their finance minister as it's the most important job in govt. How unlucky and incompetent!View attachment 816931View attachment 816932

Only way we can find a competent FM is if not so Sharif clan breeds a competent FM
#keep it in the family

 

[fisher1]

PTI will never stop lying....literally their whole life is about lying and lying.

Fact is Pakistan is being run by PTI right now not PMLN or PPP or Jinnah and Pakistan economy is a gutter

 

[Patriot forever]

Only way we can find a competent FM is if not so Sharif clan breeds a competent FM
#keep it in the family

The problem lies somewhere else, anyone competent will not allow the compromise of the state.
They want someone who can manipulate to keep inflation low (to tame the masses) and keep the printer running so they can all fill their pockets which is not possible without severe damage to the state.

They have been doing this everytime they are in power, one needs to understand these are deliberate decisions. Only once has our debt crossed 100% and only once have foreign currency accounts were being seized in this country.

They want someone who works for their interest and not the states.

They have alot of dogs to feed, do you really think the people backing them be it in media judiciary or bureaucracy do it for the love, they do it for money. The real beneficiary. This is why they oppose measures such as state Bank autonomy bill.

 

[Mentee]

He is....................

View attachment 816930

accountant.

 

[ziaulislam]

PTI will never stop lying....literally their whole life is about lying and lying.

Fact is Pakistan is being run by PTI right now not PMLN or PPP or Jinnah and Pakistan economy is a gutter

Agree sir

The problem lies somewhere else, anyone competent will not allow the compromise of the state.
They want someone who can manipulate to keep inflation low (to tame the masses) and keep the printer running so they can all fill their pockets which is not possible without severe damage to the state.

They have been doing this everytime they are in power, one needs to understand these are deliberate decisions. Only once has our debt crossed 100% and only once have foreign currency accounts were being seized in this country.

They want someone who works for their interest and not the states.

They have alot of dogs to feed, do you really think the people backing them be it in media judiciary or bureaucracy do it for the love, they do it for money. The real beneficiary. This is why they oppose measures such as state Bank autonomy bill.

Dont confuse us in numbers
We know that this is a سازش against mein nawaz sharif
Otherwise rupee devlaution has nothing to do with nawaz sharif printing money its because of IK doing IMF gulami

Printing money via state bank (also called state bank lending) is a good thing. You get free money. A big سازش was stopping govt ability to do so via new legislation.

We should print as much as money we can like zimbabwae, lebanon and venz

 

[Patriot forever]

Agree sir


Dont confuse us in numbers
We know that this is a سازش against mein nawaz sharif
Otherwise rupee devlaution has nothing to do with nawaz sharif printing money its because of IK doing IMF gulami

Printing money via state bank (also called state bank lending) is a good thing. You get free money. A big سازش was stopping govt ability to do so via new legislation.

We should print as much as money we can like zimbabwae, lebanon and venz

Sir I think a lot of people on this forum can't read through your sarcasm and take it as a fact. They are not knowledgeable enough to understand the fundamental problems with our economy and the reasons why they are in a such situation for decades as compared to their once peers ( economically) e.g. Vietnam Malaysia India etc.

They are just high on subsidised imports which the state does not have the dollars to pay for ( by exporting t-shirts and rice) , its like a lung cancer patient asking for cigarettes. The doctor who tells them cigarettes can cure their lung cancer is their Messiah, if any doctor commits the cardinal sin of telling anything otherwise is a heretic.
'Car that runs on water' mentality goes viral in such societies.

 

[Norwegian]

When ppp left our economy was in a much better position with currency, momentum in exports, and balanced monetary and fiscal policy combination to check in runaway externals and consumption.

That's true however pro PMLN media of the time made a completely different picture of them and that led to their defeat in 2013 elections and thus return of PMLN disaster. Same thing is happening once again. Pro PMLN media is not telling people the truth about economy and blaming all the mess on PTI govt. When economy was actually in bad shape, pro PMLN media was calling it a success. And when it's in a relative good shape they call it a mess. That's why PMLN leadership always maintained very close relationship with big media houses so they only promote their narrative instead of the truth

 

[That Guy]

Agree sir


Dont confuse us in numbers
We know that this is a سازش against mein nawaz sharif
Otherwise rupee devlaution has nothing to do with nawaz sharif printing money its because of IK doing IMF gulami

Printing money via state bank (also called state bank lending) is a good thing. You get free money. A big سازش was stopping govt ability to do so via new legislation.

We should print as much as money we can like zimbabwae, lebanon and venz

Top level trolling, quite masterful.

 

[ziaulislam]

Sir I think a lot of people on this forum can't read through your sarcasm and take it as a fact. They are not knowledgeable enough to understand the fundamental problems with our economy and the reasons why they are in a such situation for decades as compared to their once peers ( economically) e.g. Vietnam Malaysia India etc.

They are just high on subsidised imports which the state does not have the dollars to pay for ( by exporting t-shirts and rice) , its like a lung cancer patient asking for cigarettes. The doctor who tells them cigarettes can cure their lung cancer is their Messiah, if any doctor commits the cardinal sin of telling anything otherwise is a heretic.
'Car that runs on water' mentality goes viral in such societies.

Common we have grown ups over here

That's true however pro PMLN media of the time made a completely different picture of them and that led to their defeat in 2013 elections and thus return of PMLN disaster. Same thing is happening once again. Pro PMLN media is not telling people the truth about economy and blaming all the mess on PTI govt. When economy was actually in bad shape, pro PMLN media was calling it a success. And when it's in a relative good shape they call it a mess. That's why PMLN leadership always maintained very close relationship with big media houses so they only promote their narrative instead of the truth

Bhai the real reason is not this
We support media via lefafas because they are most neglected piece of awaam
Its nothing about narrative.

Dont believe me just listen to audios of my leader maryum nawaz

 

[Pak Nationalist]

Ex Finance Minister Ishaq Dar says he now believes in PTI govts GDP figures, but still got trolled anyway

https://twitter.com/x/status/1495018650553757700

https://twitter.com/x/status/1495003279784394754

https://twitter.com/x/status/1495024671443636229

View attachment 816926
@Patriot forever @farok84 @ziaulislam @Dual Wielder @AZ1 @blueazure @muhammadhafeezmalik @Mav3rick @Tameem @hydrabadi_arab @blain2 @Jungibaaz @wali87 @El Sidd @ghazi52 @SIPRA @HRK @Zibago @Jazzbot @Indus Pakistan

Covid has been a blessing in disguise. In nations' histories sometimes stars align to break vicious cycles (abysmal export growth in our case; even now after the rebasing of economy, export to GDP percentage has fallen further). Had the Pakistani competitors in textiles (where the bulk of exports come from) not enforced prolonged lockdowns, there would have been no export growth. IMF provided much of the liquidity (disproportionate to Pakistan's share) that was pumped into the stimulus injection to not only keep the economy afloat but allow it to grow on steroids. I credit fate more than the "competence" of the incumbents for whatever little that has been achieved.