Govt can no longer borrow from state bank, a sad day.

[Chak Bamu]

How is it that the previous PML-N Government managed to approve and build two LNG Terminals in just two years (2015 and 2017), while the incompetent PTI Government cannot even build one in three years?

Sponsors protest hurdles in setting up LNG terminals

Complain to PM over bureaucratic wrangling despite approval by cabinet, Ogra.

www.dawn.com

Logic & PTI do not mix.

Aside from the above, I find it remarkable how many people actually do not get the sarcasm of OP. A number of things he writes in subsequent posts are popular fiction peddled by PTI folks, such as claim that notes printed in 2017 caused inflation in 2020. This is nonsense. Inflation lags six months behind note printing, per most economists.

The real issue is that economic theory says that it is best to have an independent state bank. There is a good bit of evidence to support this view. However, particular steps for making state bank independent are not so easily established. Its not as though one drops a legislative bomb & BOOM everything falls in place. In a lethargic & inept administration such as the current one, interest groups have consistently played games to enrich themselves at the cost of the people. Such a thing happened last year too with State Bank. So, making State Bank independent is not an easy matter. A govt needs to have a strong grip to make the effective policy so that State Bank does become independent.

 

[ziaulislam]

Logic & PTI do not mix.

Aside from the above, I find it remarkable how many people actually do not get the sarcasm of OP. A number of things he writes in subsequent posts are popular fiction peddled by PTI folks, such as claim that notes printed in 2017 caused inflation in 2020. This is nonsense. Inflation lags six months behind note printing, per most economists.

The real issue is that economic theory says that it is best to have an independent state bank. There is a good bit of evidence to support this view. However, particular steps for making state bank independent are not so easily established. Its not as though one drops a legislative bomb & BOOM everything falls in place. In a lethargic & inept administration such as the current one, interest groups have consistently played games to enrich themselves at the cost of the people. Such a thing happened last year too with State Bank. So, making State Bank independent is not an easy matter. A govt needs to have a strong grip to make the effective policy so that State Bank does become independent.

Normally less then 6 months unless u subsidize the rupee and burn 30b$ of reserves in the process like we did from 2017-2020(we burned alot of arab money till we signed IMF)..infact give me 100b$ and i can make rupee at 1 rupee to dollar for one year..it simple maths isnt it? What would happen to inflation then? It will -200%

Anyone can check and see that sbp of pakistan printed alot of notes during covid(2019-20) on advise of IMF and distributed a huge stimulus pack

This wasnt unique to pakistan countries all over the world did it including the big daddy USA

Unforutanetly what big daddy does effects everyone..if inflation hits USA it will hit evey country.. period..inflation was at 9.8% in USA.

hence more inflation is coming and will last well within 2023-24.. This time its not due to rupee printing alone(some of 2021 is due to 2020 note printing)


The 70% drop in rupee over last 5 years is product of decreasing exports..which is simply due to expensive power(not lack of) in traditional area(textiles) and lack of innovation in non traditional areas..

Even the easiest thing which was streamlining remittences through legal channels was not done..

Will see how PMLN does under maryum nawaz in 2023-2028..hope she gets different advisors and focus on subsidizng exports rather then subsidizing imports like we have always done(through rupee subsidizing you are basically subsidizng imports), knowing her we should expect a long tenure of 10+ years, this will bring some resembelness of stability..hope she proves her self as iron lady of bengaldesh did.

 

[Hakikat ve Hikmet]

Not for long, will be reversed soon by my leader nawaz sharif in 2023-25

Looks like that bald headed chicken is now caged to be roasted later....