‘Gaya’ Pakistan?

[AZ1]

why dont you reply/respond to the issues raised by him instead of going on the usual rant about ppp/pmln, corrupt/non-corrupt? do you DENY that whatever he has posted is the truth? or are you DEFENDING corruption and aiding of the corrupt and criminals by PTI just like noonies and jiyalas do for their parties?
The only issue here is that there are no checks and balances, no accountability, whatever steps the SBP takes, it cannot be questioned, even if it is against the interest of the country.

they had their turn and they destroyed pakistan. economy and now raising point like pakistan was number 1 economy. infact they should feel the shame befote even starting the thread. We just got out from our new penalty from IMF for forging which pmln sent to IMF.

As for statebank chairman he will be answer if found doing bad.

30 saal tak jhak martey rahay ab chalay point out karney. khud ka leader bhaga hoa, NRO lai kar bar bar, court, judges sab ko khareeda hoa aur hum ko bata rahay ke accountibility nahi. NRO letay waqt yaad nahi aya tha?

 

[S.Y.A]

they had their turn and they destroyed pakistan. economy and now raising point like pakistan was number 1 economy. infact they should feel the shame befote even starting the thread. We just got out from our new penalty from IMF for forging which pmln sent to IMF.

As for statebank chairman he will be answer if found doing bad.

30 saal tak jhak martey rahay ab chalay point out karney.

no one is talking about pmln here. do you accept that what PTI is doing is wrong? everyone knows pmln is corrupt, but there is more than enough evidence now that PTI is doing the same. are you defending the corrupt or are you not? a simple yes or no will do.

and to whom will the chariman be answerable? can you point out that clause to me?

 

[AZ1]

no one is talking about pmln here. do you accept that what PTI is doing is wrong? everyone knows pmln is corrupt, but there is more than enough evidence now that PTI is doing the same. are you defending the corrupt or are you not? a simple yes or no will do.

and to whom will the chariman be answerable? can you point out that clause to me?

6:47

 

[Mentee]

With the basics remaining unchanged our economy is doomed either way .its just that we've been presented with a choice to cherry pick either directly from a manhole or a shinny trashbin

 

[S.Y.A]

6:47

And what exactly is serious misconduct? will you define that term for me? what classifies as "serious"? what about simple misconduct, any accountability for that? and the deputy governors again will only be removed as and when recommended by the governing body (which it will never do). Serious misconduct is a very loose term, and a major loophole. the court can simply say that " so and so action is not a misconduct and was taken in the best of faith", what then?

 

[blueazure]

PTI government or any other Government cannot come out of those contracts, without suffering heavy financial penalties and getting sued in international courts.

the cost of lawyers, arbitration penalties is still WAY LESS than the ever accumulating circular debt @ 2200BN


you anwered the question yourself = PTI is UNABLE to do anything to negate the wrongs of past ,

i call this a failure --- simple

-----------------------------


Govt to bring circular debt to zero by Dec ’20: Omar Ayub

Govt to bring circular debt to zero by Dec ’20: Omar Ayub

Minister says crackdown on power theft launched, asks consumers to help identify thieves.

www.dawn.com

----------------------------

omer ayub is in bed with IPPs . massive financial embezzlement happening right under our noses ...




change my mind

 

[AZ1]

And what exactly is serious misconduct? will you define that term for me? what classifies as "serious"? what about simple misconduct, any accountability for that? and the deputy governors again will only be removed as and when recommended by the governing body (which it will never do). Serious misconduct is a very loose term, and a major loophole. the court can simply say that " so and so action is not a misconduct and was taken in the best of faith", what then?

First you said show you the clause, leave that to court and the judge. They will decide what is misconduct and what is not in light of evidence. I think i have given you point which should satisfy you but yet...

the cost of lawyers, arbitration penalties is still WAY LESS than the ever accumulating circular debt @ 2200BN


you anwered the question yourself = PTI is UNABLE to do anything to negate the wrongs of past ,

i call this a failure --- simple

-----------------------------


Govt to bring circular debt to zero by Dec ’20: Omar Ayub

Govt to bring circular debt to zero by Dec ’20: Omar Ayub

Minister says crackdown on power theft launched, asks consumers to help identify thieves.

www.dawn.com

----------------------------

omer ayub is in bed with IPPs . massive financial embezzlement happening right under our noses ...




change my mind

How come this is a failure to undo the contract which was signed by previous govt? really you seriously lack of knowledge and also no matter what you will always have bughz and would go to any extent to bring corrupt .


lol change your mind then what will happen? you will remain the same no matter what.

 

[Patriot forever]

This will answer a lot of queries people have.


Just to put some facts in. Especially the last line.
'So that another Dar doesn't run amok and force the currency to stay overvalued, at the risk of unleashing inflationary pressures when an inevitable BoP crisis devalues the currency'.

For the doom political commentators, State bank is being allowed to work autonomously for a while now, it's just they are introducing the legislation now. Tell tale signs of it:
1) Market based free float currency.
2) Interest rates freely determined by SBP without manipulation.
3) Primary surplus.
4) Manageable CAD.

This is practiced all over the world.

Not having an autonomous state bank and as a consequence sacrificing macro economic stability for political gains is the reason why we are at the IMF in the first place.

The period of Ishaq Dar and Mifta brought Pakistan to it's knee's. We had unsustainable twin deficits. The reason for that is manipulation at every level from interest rates to rupee value to fiscal injection by printing.

The sooner some people understand the root cause of the problem the better it will be for our future generation.

 

[AZ1]

This is just one draft imagine when other will come specially for media then media will be crying their lungs outs.

 

[Patriot forever]

the cost of lawyers, arbitration penalties is still WAY LESS than the ever accumulating circular debt @ 2200BN


you anwered the question yourself = PTI is UNABLE to do anything to negate the wrongs of past ,

i call this a failure --- simple

-----------------------------


Govt to bring circular debt to zero by Dec ’20: Omar Ayub

Govt to bring circular debt to zero by Dec ’20: Omar Ayub

Minister says crackdown on power theft launched, asks consumers to help identify thieves.

www.dawn.com

----------------------------

omer ayub is in bed with IPPs . massive financial embezzlement happening right under our noses ...




change my mind

Bro it's not a question of cost of lawyers, arbitration fee. Our case is not strong. A state agreement is something we can not take lightly. Have you forgotten Reko Diq?
( Before CPEC IPP's our capacity payments were under 200b a year. Right now it is 900b and 1.45 trillion in 2023. What you are saying is going up against China in international courts that too in relation to CPEC ). No doubt it has to be done but diplomatic course of action rather than legal route. Every state institution has to play it's role.
The case is much more complicated when Chinese themselves have raised objections regarding feasibility which the then government ignored and went ahead. This point alone makes your legal case a lost cause.


How much is 1.45 trillion, that is almost 10-12 rupees per unit.

Our capacity payments right now are 900b vs 400b in 2018. Our accumulation of circular debt is almost the same at this moment 400b in 2018 to around 450b in 2020. The rate of increase in capacity payments is so high that it is dwarfing any progress made in transmission recovery etc. ( Price hike only covers 25%-30% of the this improvement in capacity payment:circular debt ratio, rest is structural improvements )


My point is structural, transmission losses, recovery can bring little improvement because capacity payment has emerged as the largest contributing factor ( 2.5x growth) in the past 2.5 years which is projected to grow to 3.5x by 2023.

Regarding Umer Ayub he is just average. But one thing is for sure, the new agreements signed during Pti term are far more favourable, just compare the tariff between Neelam Jehlum, suki kunari vs Kohala, Azad Pattan.
The best thing this government did was cancel all the LNG/coal IPP's which were scheduled to start construction and saved us a lot of capacity payments and fixed charges. This led to the media propaganda that CPEC has stalled.


SBP autonomy and CPEC authority, do you understand why these 2 things are pushed so hard?
Because not having these 2 things and leaving critical components of state in the hands of thieves have caused lasting damage and crippled our country.

 

[Nasr]

Pakistan still bankrupt but not a single penny going outside pakistan and making flats

so all money remains in pakistan what so ever but u dont have that level of thinking.

Absolutely, that is the difference between a leader (Imran Khan) who has integrity, is truthful and has the courage to follow Nabi Muhammad Alaihi Salaat-u-Wassalam.

As opposed to those who are by definition crooks, are corrupt and are traitors to bones, like zardari, nawaz, bilawal, shabaz, benazir, diesel-mullah and their associates.

But you guys dont need to worry. Trust me PMLN-PPPP will back track on this next time in 2023 then print limitless notes in 2028 for election spending and this will be followeb by us kneeling begging arabs again with IMF loans afterwards

Not this time around, their days are numbered. One of two things will happen, if they (zardari/nawaz/bilawal/maryam/shabaz) try to win the elections by cheating.

1. Civil War will break out.

OR

2. They will be eliminated, financially, politically or otherwise.

Their days are numbered, no more repeats, we are on the last legs before Malhama commences.

 

[blueazure]

Bro it's not a question of cost of lawyers, arbitration fee. Our case is not strong. A state agreement is something we can not take lightly. Have you forgotten Reko Diq?
( Before CPEC IPP's our capacity payments were under 200b a year. Right now it is 900b and 1.45 trillion in 2023. What you are saying is going up against China in international courts that too in relation to CPEC ). No doubt it has to be done but diplomatic course of action rather than legal route. Every state institution has to play it's role.
The case is much more complicated when Chinese themselves have raised objections regarding feasibility which the then government ignored and went ahead. This point alone makes your legal case a lost cause.


How much is 1.45 trillion, that is almost 10-12 rupees per unit.

Our capacity payments right now are 900b vs 400b in 2018. Our accumulation of circular debt is almost the same at this moment 400b in 2018 to around 450b in 2020. The rate of increase in capacity payments is so high that it is dwarfing any progress made in transmission recovery etc. ( Price hike only covers 25%-30% of the this improvement in capacity payment:circular debt ratio, rest is structural improvements )


My point is structural, transmission losses, recovery can bring little improvement because capacity payment has emerged as the largest contributing factor ( 2.5x growth) in the past 2.5 years which is projected to grow to 3.5x by 2023.

Regarding Umer Ayub he is just average. But one thing is for sure, the new agreements signed during Pti term are far more favourable, just compare the tariff between Neelam Jehlum, suki kunari vs Kohala, Azad Pattan.
The best thing this government did was cancel all the LNG/coal IPP's which were scheduled to start construction and saved us a lot of capacity payments and fixed charges. This led to the media propaganda that CPEC has stalled.


SBP autonomy and CPEC authority, do you understand why these 2 things are pushed so hard?
Because not having these 2 things and leaving critical components of state in the hands of thieves have caused lasting damage and crippled our country.

i do not agree to your claims at all

nor do i buy the argument that our case was /is weak in any way

---------------

the same IPPs , fauji wind etc, who signed capacity agreements in 2010 on their F1, F2, FFC wind projects have taken cost plus tarriffs with nepra in 2017 .

in any court of competent jurisdiction, the above fact alone dismisses their case and any jury would have ruled in our favor ( make no mistake, the concept of capacity is unique to pakistan only and not found any where in the world)


no IPP nor their owner would waste time in arbitrations and expensive attorneys when they would make millions any way even from cost + regimes


regarding omer ayub, hes not average, hes a highway robber of billions and imran khan will forever be held responsible for his appointment

 

[RoadRunner401]

Pakistan , the targets are set by the National Economic Council (NEC) a constitutional body headed by the Prime Minister and consisting of the Provincial Chief Ministers, Finance Minister, four Federal Ministers to which the Governor State Bank Of Pakistan and other key economic officials are invited on a standing basis.

The responsibilities for achieving the various targets cannot be assigned exclusively to any particular ministry or agency. To illustrate this point, let us take the example of inflation rate. Although under the SBP Act this is the responsibility of the Central bank but if the fiscal policy is expansionary and the deficit can only be financed through borrowing from the banking system then this conflict between a tight monetary policy to contain inflation and an expansionary fiscal policy to meet the budget deficit would have serious repercussion upon the achievement of the inflation target.

Alternatively, if the food supply falls short of the demand, food prices are bound to rise and as forty percent of CPI is derived from food prices, the monetary policy instruments that work on the aggregate demand side in short term may not be able to contain inflationary pressures. Therefore policy coordination and consistency require trade-offs and these decisions can only be taken at the highest political level. It is the government of the day that has to face the wrath of the population who have brought them into power and they have to be accountable for the end results.


The path chosen to reach the inflation target is specified , but once the, target and the overall direction are set, the State Bank should be left alone to choose the strategy and instruments for meeting the target within the specified parameters.

The path is not too smooth for the Central Bank to tread all the time and conflicts still take place despite clarity of goal and policy direction.. The interference in the monetary policy arises, for example, when the policy interest rates are high and the politicians want these rates to be cut down because they believe lower rates would stimulate investment and output growth.

As the time horizon of the politicians is limited to the five year electoral cycle they express anger, frustration and at times open criticism of the Central bank if they find that they would not be able to take advantage of the benign effects of lower interest rates during their tenure of office. If the Central bank sticks to its guns, the ruling party in power resorts to heavy public spending which is financed by the banking system at high costs. The government is not pushed and leaves a heavy public debt stock and public debt servicing liabilities as legacy for the successor governments . The fiscal crises in Pakistan at the time of changes in government in 1999, 2007 and 2013 when the governments had no other option but to approach the IMF for bail out owe much to the electoral politics compulsions. Hence despite a strong independent Central bank the governments are still capable in practice of producing pernicious effects on the economy..

In many developing countries, an explicit inflation targeting goal is specified and the performance of the Central bank is judged against that commitment. The loss of credibility is something that the Central bank have to zealously safeguard against. This instrument independence requires the Central banks to have a transparent framework that would permit accountability for results. In many jurisdictions, the governor of the Central bank has to write a letter to the Minister of Finance explaining the reasons for deviations in actual performance from the set goal.

This letter is made public and analysts, legislators, experts and the media can analyze the explanatory factors and come to conclusion whether the reasons for the deviation were legitimate or a result of incompetence, slack, or ultimately action. In Pakistan there is no explicit quantitative inflation targeting framework and hence such an exercise is not carried out. But in its Annual Report to the Parliament the SBP does attempt to provide an analysis as to why some targets were missed, achieved or exceeded – particularly in the areas of monetary and financial stability. Of course there is room for improvement and the depth and quality of such analysis can be further enhanced. The consumer confidence surveys do provide insights about inflationary expectations that can be anchored in monetary policy choices.

 

[crankthatskunk]

the cost of lawyers, arbitration penalties is still WAY LESS than the ever accumulating circular debt @ 2200BN


you anwered the question yourself = PTI is UNABLE to do anything to negate the wrongs of past ,

i call this a failure --- simple

-----------------------------


Govt to bring circular debt to zero by Dec ’20: Omar Ayub

Govt to bring circular debt to zero by Dec ’20: Omar Ayub

Minister says crackdown on power theft launched, asks consumers to help identify thieves.

www.dawn.com

----------------------------

omer ayub is in bed with IPPs . massive financial embezzlement happening right under our noses ...




change my mind

haha, that's right, blame others rather than the culprits.
so they can fool innocent and uneducated Pakistanis, come back to power and loot again.
Novel formulae.

 

[blueazure]

haha, that's right, blame others rather than the culprits.
so they can fool innocent and uneducated Pakistanis, come back to power and loot again.
Novel formulae.

irrelavant and off topic ....