Pakistan: Back to IMF again as expected.

[BHarwana]

By depreciating rupee we have sacrificed growth for deficit of trade and reduced our foreign dependence. This will hurt few whose business is import based but will help others who are export based. This will reduce outflow and increase inflow of money. This also reduces our chance of taking loans.

 

[maximuswarrior]

These IMF loans need to falter. I hope the deal doesn't go through. It is better to default than getting more of the same old wine. When will this vicious cycle end?

These loans won't achieve anything. They will provide temporary relief and after they are burned up we will back to the beginning. It is not a solution.

Imran Khan needs to deliver on his old promises. From tax collection to every other promise made before and during the election. Anything less is unacceptable.

 

[SQ8]

And just to place it on record India earns via their workers in KSA/GCC nearly $50 billion every year as remittances. Most of that could have been comming to Pakistan as remittances. Instead that money goes to puff up Modi's chest.

$50 billion a year !

Because the Indian shuts up, eats shyte and gets treated like it.. but as a result keeps his job and is liked.
The Pakistani thinks themselves entitled and is not satisfied taking the slow and steady pace and instead is ok to bring in hashish or pass of his sister as his wife; inherint need to be corrupt.

To return to economics, in this below picture I had to use a magnifying glass to find Pakistan.
The teeny Island of Hong Kong is better than Pakistan as a cohesive people and economy.

 

[Turingsage]

By depreciating dollar we have sacrificed growth for deficit of trade and reduced our foreign dependence. This will hurt few whose business is import based but will help others who are export based.

First its the Pakistani rupee that has depreciated not the dollar

Second If all it takes to correct to fix an economy is to depreciate your currency and that will automatically correct your imports and exports imbalance then every country would be doing it without a moments of hesitation. You would be out of a job as the greatest finest prescient oracle economist/part time tomato grower in the world. In fact we would not need do anything as having policies, economic planning etc. Fire the lot and just depreciate the currency and save money by not having to pay those good for nothing minister of finance and trade

 

[Śakra]

Pakistan had 1.5 months of reserves when dollar was at 122. Today it is at 131 which means imports going down and we have 2.5 months of reserves (explanatory figures).

@SunilM help me out with the math here. Our leading economist and tomato derivates trader just said imports will go down now that the pkr has depreciated wrt the USD?!?!?!?!?!

Thank god people like him are in charge instead of us simpletons with our basic mathematics

First its the Pakistani rupee that has depreciated not the dollar

Second If all it takes to correct to fix an economy is to depreciate your currency and that will automatically correct your imports and exports imbalance then every country would be doing it without a moments of hesitation. You would be out of a job as the greatest finest prescient oracle economist/part time tomato grower in the world. In fact we would not need do anything as having policies, economic planning etc. Fire the lot and just depreciate the currency and save money by not having to pay those good for nothing minister of finance and trade

Quantum mathematician. Somehow the depreciation of the PKR will reduce imports.

 

[pragmatic_dude]

Because the Indian shuts up, eats shyte and gets treated like it.. but as a result keeps his job and is liked.
The Pakistani thinks themselves entitled and is not satisfied taking the slow and steady pace and instead is ok to bring in hashish or pass of his sister as his wife; inherint need to be corrupt.

To return to economics, in this below picture I had to use a magnifying glass to find Pakistan.
The teeny Island of Hong Kong is better than Pakistan as a cohesive people and economy.

View attachment 504533

And a pakistani is treated like a king. A grosser , cruder falsification has never been uttered.

 

[BHarwana]

First its the Pakistani rupee that has depreciated not the dollar

Second If all it takes to correct to fix an economy is to depreciate your currency and that will automatically correct your imports and exports imbalance then every country would be doing it without a moments of hesitation. You would be out of a job as the greatest finest prescient oracle economist/part time tomato grower in the world. In fact we would not need do anything as having policies, economic planning etc. Fire the lot and just depreciate the currency and save money by not having to pay those good for nothing minister of finance and trade

@SunilM help me out with the math here. Our leading economist and tomato derivates trader just said imports will go down now that the pkr has depreciated wrt the USD?!?!?!?!?!

Thank god people like him are in charge instead of us simpletons with our basic mathematics



Quantum mathematician. Somehow the depreciation of the PKR will reduce imports.

During all the period of Chinese growth they have depreciated their currency why? They made their exports competitive and imports expensive. With dollar at 122 for example IPhone costs 80000 pkr and dollar at 131 iPhone will cost higher thus taking it out of purchasing power of many.

 

[pragmatic_dude]

Its comments sections are literally infested with Indians, though. Probably because they can't find good quality, reputable media on their side of the border so they go to what they imagine is good media.

Dawn is pretty good, ill give you that. Maybe the best newspaper in the subcontinent.
Maybe Hindu at one time may have given it some competition but those days are long gone

 

[Śakra]

During all the period of Chinese growth they have depreciated their currency why? They made their exports competitive and imports expensive. With dollar at 122 for example IPhone costs 80000 pkr and dollar at 131 iPhone will cost higher thus taking it out of purchasing power of many.

cheen had and has a developed industrial ecosystem, from extracting raw material to producing parts to the finished good. You can't compare cheen to pakistan. Your country can't even produce an indiginous 2-stroke engine and here you are acting like you're a major manufacturer. Have some shame.

 

[Indus Pakistan]

Why give pakistanis first preference? No offense but pakistanis are the least hirable out of the listed group even through they are the least paid. They fight too much and their education and training is below par. Visit any GCC (or any country really) and see the difference in composition between upper and middle management wrt to Indians and pakistanis. There is a reason for this.

Okay to service the labour market you can have -

• Preferance
• Merit

Assume that Indians are superior on the merit. So in a open labour market they will end up coming on top. And that is what exactly is the situation with GCC/KSA. This explains why Indians dominate the labour market and as a result India earns from Saudia Arabia, UAE etc nearly $50 billion every year in remittances.

But if this is about merit why do we have the farce of 'brothers' with KSA or GCC? I have brothers and trust me I give them 'preferance' over outsiders. I don't apply the 'merit' template on them. To illustrate my point let's all accept that Indian workers are superior and win on merit. Well, I can tell you Indian workers are also superior to drunk Poles who are far more expensive then Indians. Why not try to get to sell your workers to Western Europe on merit against Poles, Slovaks, Romanians? I need to add a small extention to my house and pave the driveway. I am pretty confident that a bunch of sardars from Indian Punjab could do the job for £5,000. The Poles cost £25,000 which is still cheaper then British builders. Trust me there is no way those sardars would be legally allowed despite their merit. The Poles or Slovaks have been given legal preferance.

Allow Indian workers on merit? Nah ....

 

[BHarwana]

cheen had and has a developed industrial ecosystem, from extracting raw material to producing parts to the finished good. You can't compare cheen to pakistan. Your country can't even produce an indiginous 2-stroke engine and here you are acting like you're a major manufacturer. Have some shame.

We have a bigger textile industry and just wait for the figures of September October how much Pakistan textile exported just due to China USA trade war.

Laugh all you want but our trade deficit is reducing and we are getting out of shit

https://profit.pakistantoday.com.pk...with-exports-on-the-rise-imports-on-the-wane/

 

[Indus Pakistan]

Somebody mentioned Iran? Are you guys real. 30 odd years of mullah rule has that country more sanctioned then a catholic nun in monastery. The Iranian economy is in shambles. They are barely coping. With Trump adding even more sanction that country does not have a dime to spare and what it has is just enough for their own survival. There is mass unemployment in Iran and no demand for migrant workers. So please let's not compare with Iran.

 

[SQ8]

And a pakistani is treated like a king. A grosser , cruder falsification has never been uttered.

Where does in my post imply the Pakistani is treated like a king?
Rather, it infers to the Pakistani character being unsuitable for many employers due to this need for instant gratification.

 

[Śakra]

Okay to service the labour market you can have -

• Preferance
• Merit

Assume that Indians are superior on the merit. So in a open labour market they will end up coming on top. And that is what exactly is the situation with GCC/KSA. This explains why Indians dominate the labour market and as a result India earns from Saudia Arabia, UAE etc nearly $50 billion every year in remittances.

But if this is about merit why do we have the farce of 'brothers' with KSA or GCC? I have brothers and trust me I give them 'preferance' over outsiders. I don't apply the 'merit' template on them. To illustrate my point let's all accept that Indian workers are superior and win on merit. Well, I can tell you Indian workers are also superior to drunk Poles who are far more expensive then Indians. Why not try to get to sell your workers to Western Europe on merit against Poles, Slovaks, Romanians? I need to add a small extention to my house and pave the driveway. I am pretty confident that a bunch of sardars from Indian Punjab could do the job for £5,000. The Poles cost £25,000 which is still cheaper then British builders. Trust me there is no way those sardars would be legally allowed despite their merit. The Poles or Slovaks have been given legal preferance.

Allow Indian workers on merit? Nah ....

Interesting POV I see what you mean. The problem is you're the only one who thinks of them as brothers. The feeling isn't reciprocated so they don't feel they need to give you perference. Again, don't take this the wrong way but pakistanis have blind optimism and are purely emotional as opposed to logical beings. You think in terms of brothers, friends etc but no one else cares for you lot in that way. In the end you keep drawing the short straw. Instead of learning from this, you repeat it with more intensity, act like deeper brothers/friends, prostrate even further. Let mre be even more honest here, we don't like muslims yet muslim countries have a better relationship with us than they do you. KSA/UAE/Qatar would never dare to ask us to send soldiers to fight their war but they punish you for not sending them. Kuwait and Oman banned your citizens. They haven't done that to us. We vote eran in the UN, they sell us oil below market value. Iraq supported us during the wars against you, etc.

 

[Indus Pakistan]

And I mentioned a sardar for reason. Last year we had a leak in my parents house which is huge Victorian era mansion sized property. The entire lower floor plastering was ruined. We got quotes and the bill was in the $5,000 range from bunch of Poles. Then a friend told us there were two illegal sardars who were builders. They both had come to UK on another visa and then done a runner. essentially they were working in the black economy. One day they knew they were going to be caught but the plan was to make as much money as possible before that. Well we got the job done from them. They charged £30 per room and it took them 10 days to get the job done. Their work was fantastic. The finish of plaster was like glass. Since then we heard they got caught and sent back to India. The reason why these very professional plasterers were hiding but we have loads of below par Poles is the UK government has given legal preferance to the Poles. If it was merit I suspect we would have 10,000s of Indian builders, dentists, electricians etc

But that is not about to happen because UK chose to discriminate against Indians and show preferance for Poles etc because of their shared concept of Christian European history and civilization. This is what brotherhood means in practice.

Not the farting about ummah but in practice it means jackshit.

The problem is you're the only one who thinks of them as brothers. The feeling isn't reciprocated so they don't feel they need to give you perference

I know that. I actually don't give a toss about Arabs. What annoys me is the Pakistani cnuts who worship these people in a one way traffic. There is zero reciprocation as you pointed out but our delusuional people quiver in orgasmic delight at the though Arabs. This is what I am always trying to counter. And I will keep doing.