GDP growth rate of over 5.5pc to hurt economy: Shaukat Tarin

[American Pakistani]

If you increase tax on petroleum, it will increase your cost of electricity. Your exports will struggle to compete in the international market.

Bhai sahab read again. I clearly said for "non commercial" consumers.

 

[POPEYE-Sailor]

@Jungibaaz Bhai what is the finance minister saying?

First this:
Rupee fall benefits expats’ families: Baqir

Now this:
GDP growth rate of over 5.5pc to hurt economy: Shaukat Tarin

?

@Norwegian Is any sensible guys in Poti govt ?? He will explain you by sharing different type of charts with Poti logic's

 

[PakSword]

Bhai sahab read again. I clearly said for "non commercial" consumers.

My bad. But then inflation will follow.

 

[POPEYE-Sailor]

@Norwegian

Shooort ker do market se...!!!

https://www.express.pk/story/2244375/1/?fbclid=IwAR0EyLfP-zoUlErIt7yqHtJUnd1etQWTptmhou6GBc9gJ53CoW1yfeKqUY8

 

[American Pakistani]

My bad. But then inflation will follow.

Not really...inflation goes up mostly if commercial guys gets to pay more increasing their operating expense and losing revenue.

The idea is to make non commercial residential users stop using cars and thing.

 

[Norwegian]

گندم کھانے سے آدم جنت سے نکالے گئے۔۔ پیٹرول سے پولوشن پھیلتی ہے۔۔۔ چینی شوگر کا باعث ہے۔۔ دوائیاں گردے ختم کر دیتی ہیں سونا مرد کیلیے حرام ہے۔۔ ڈالر یہودی کرنسی ھے۔۔۔ چاول کھا کھا کربنگالی غدار ھوگئے۔۔۔لہذا تم گھاس کھایا کرو اور میرے گیت گایا کرو
آپ کا اپنا شغلِ اعظم نیازی
‏‎‎بقول کپتان جب 2018 تک وہ دو خاندان پاکستان کا پیسہ باہر بھیج چکےتھے تو۔
چینی 50 روپےکلو تھی، پٹرول 78 روپے لٹر اور ڈالر 106 روپے کا تھا۔۔
اب 3 سال سے وہ دو خاندان حکومت میں نہیں ہیں۔
پھر چینی 150 روپے کلو، پٹرول 146 روپے لٹر اور ڈالر 176 روپےکا کیسے ہوگیا ۔

بالکل کیونکہ ہر چیز امپورٹ ہو رہی تھی اور خزانہ دیوالیہ تھا

پاکستان دنیا کا واحد قوم ہے جو قرضہ لے کر بھول جاتے ہیں کہ انکو سود بے دینا پڑے گا

کیونکہ ان کی ہر بار عرب ممالک اور آئی ایم ایف مدد کر دیتا ہے۔ اسی لاڈ پیار نے ان کو بگاڑ دیا ہے اور یہ بچے اپنے پاؤں پر کھڑے نہیں ہو سکے

 

[Norwegian]

heading for an economic disaster

? Heading towards? Pakistan already bankrupted 3 times in the past 20 years. The last bankruptcy in 2018 was the worst, that's why PAKISTAN hasn't recovered from it yet

 

[Patriot forever]

shaukat tareen is lying - he's a banker scum after all ( owner of silk bank which he just sold to aleem khan) and a front man of zardari) .

i will not trust anything coming from him


LIE # 1
pak maintained hi growth rate ( based on imports )?

LIE # 2
cant maintain hi growth rate @ 5.5 .... ( means the above point was a LIE !)

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

the country has been handed over to morons and con artists -

I think it is very clear from the statements that Pakistan can not maintain high growth based on imports. Need to grow as much as our own dollar earnings allow.

I don't know which part of these statements you don't understand. Does not take much IQ to understand such basic fact.

Go beyond and one ends up with BOP crisis, ultimately bankruptcy.

If you earn 100k don't go spending 200k to brag about how much you bought (consumption), that we call growth.

 

[Norwegian]

BS
paksitan was doing great under nawaz sharif
We had great growth rate of 5.2
Sure we had deficit of 24b$ but who cares about deficits..we have IMF to help us..

IK incompetence he didnt go to IMF despite IMF stating please come here..ihsan iqbal said same that his arrogance is why things got so bad..
If we had gone to IMF earlier our growth qould have been 10% and rupee would have improved back to 100

Also during PMLN era our exports increased from 25b$ to 21,000m $ several fold increase

Remeber vietnam imports went from 50b$ in 2009 to 250b$ in 2021..so imports arent a bad thing (sure vietnam exports also went up to 270b$ but thats not important)

Best chitrol of Patwaris and anti Imran brigade ever
@blueazure

 

[Patriot forever]

According to article article, IMF suggests to keep reserves of only 3 months now. Pakistani policy makers are probably little more liberal and increased it to 6 months.

Theses 6 months would probably give them enough time to raise more US dollars by asking Saudi Arabia or take out more loans.

Pakistan reserves now cover 3.5 to 4 months of imports not 6 months. IMF suggested to maintain at least 3 months and not go below that ( thats the lower limit they were referring to not the upper limit)


If we had 6 months of reserves we won't be going to Saudi for support. The reason we went to support our reserves and not let it fall below the line.

 

[AZMwi]

بالکل کیونکہ ہر چیز امپورٹ ہو رہی تھی اور خزانہ دیوالیہ تھا
View attachment 791069View attachment 791070

کیونکہ ان کی ہر بار عرب ممالک اور آئی ایم ایف مدد کر دیتا ہے۔ اسی لاڈ پیار نے ان کو بگاڑ دیا ہے اور یہ بچے اپنے پاؤں پر کھڑے نہیں ہو سکےView attachment 791072

اللہ رب العزت اس ملک کی مدد فرمائے اور عوام کو ہدایت دے۔ آمین

 

[Norwegian]

Pakistan also did extremely well under Zardari, every thing was BOOMING ! There are Angels flying around in Pakistan. Let's see what happens when the Military gets bored of incompetent Imran Khan, and decide to bring in a NEW PET like Bisexual Bilalwal Bhutto. Hopefully Bilalwal can really concentrate on improving this country, maybe really improve the LGBT culture as well here.

Stop blaming army. During army rule (Zia) exports of Pakistan were better than India and Bangladesh. Then you got democracy of PPP and Pmln. Rest is history

Can anyone point out towards structural reforms done by PTI1 to grow economy?

Everyone knows that we have a huge problem of Imports but do explain how PTI has worked to move Pakistan to a service based economy and towards a manufacturing based industry. Thanks.

Thanks for pointing this out. PTI govt has put Pakistan on export led growth path for the first time. It has let the Rupee float freely that helps exports. It is helping all export related sectors and that's why there is rapid growth in exports for the first time in 10 years.

 

[Norwegian]

Yes correct.

Corruption cannot go on forever, someone has to pay the bill .. it's unsustainable..

Weimar Germany had 9 years of hi inflation and then suddenly, there was hyper inflation...

Dr Farrukh saleem says the circular debt of 2200bn alone will break the economy.

Allah knows best

And who is responsible for signing energy contracts that led to circular debt problem in the first place? Bughaz Imran?

 

[Norwegian]

@Norwegian Is any sensible guys in Poti govt ?? He will explain you by sharing different type of charts with Poti logic's

Yes. PTI always talk with facts and facts require financial and economic graphs to prove the point, something Patwaris could never understand since they vote with stomach instead of brain

@Norwegian

Shooort ker do market se...!!!
View attachment 791034

https://www.express.pk/story/2244375/1/?fbclid=IwAR0EyLfP-zoUlErIt7yqHtJUnd1etQWTptmhou6GBc9gJ53CoW1yfeKqUY8

In two weeks time crushing season starts and then sugar price will fall back to normal. Then you will have so much sugar that you will export it and blame Imran Khan for it

 

[Crimson Blue]

Pakistan reserves now cover 3.5 to 4 months of imports not 6 months. IMF suggested to maintain at least 3 months and not go below that ( thats the lower limit they were referring to not the upper limit)


If we had 6 months of reserves we won't be going to Saudi for support. The reason we went to support our reserves and not let it fall below the line.

The term I used was to cover the imports. Notice cover and not equal-to-imports.

Pakistan needs to cover only equivalent to current account deficit per month. A country with much lower percentage of foreign remittances or exports would need higher foreign reserve to cover the imports.

If difference between USD inflows & outflows continue at current rate of $2 billion per month, then current reserves can cover about 11 months of imports. Back when foreign exchange reserves were at $7 billion in 2018, economists on TV were saying that it can cover only 3 months worth of imports, when imports were like $5.5 billion per month.