Pakistan current account deficit to shrink at fast pace from July onwards

[RIP Pak LAW]

Saudis oil package to start kick in as 3.2 billion dollars oil per year on deferred payment will commence from July 1st, 2019 onwards for 3 years.

 

[RIP Pak LAW]

Imports bill will be significantly reduced moreover dollar price will decrease as well. Much needed economical stability is expected. Also at the same time, imf loans will start kicking in as well.

 

[Sunan]

Come out of your lala land Mr.Dont give false hopes.Pak GDP growth is projected at 2.8 % in 5 years.What a shame

 

[HammerHead081]

Come out of your lala land Mr.Dont give false hopes.Pak GDP growth is projected at 2.8 % in 5 years.What a shame

Deserving. We took loans and increased our GDP on steroids. Now the effects have taken off and coming to reality. 2.8% GDP even for 5 years is absolutely fine as long as we get out of this economic mess which we seem to be.

 

[Cash GK]

Come out of your lala land Mr.Dont give false hopes.Pak GDP growth is projected at 2.8 % in 5 years.What a shame

You go and fight for Nawaz lala ge..hope is for living people not for zombies

 

[Mangus Ortus Novem]

@war&peace @zulu @Reddington @Dubious @Khafee @PaklovesTurkiye @PakSword @ali_raza @ps3linux


Paks,

This is quite a great development for Pak State!

We need to understand that in this Hybridwar...where EconomicTerrorists have been playing the markets and creating artificial shortage of dollar supply....

This give much needed breathing space as well. We can now focus on structural reforms as well. The key is to tackle IPP mafia and LNG mafia in the PSO/Energy Ministery as well.

KSA has yet again proven to be a true brother and friend in need...

It is important to see this development in light of Pak State and not in terms of political loyalties!

Good news... we need to now focus also on debt restructuring... the key here is National Debt Commission under SCP.

We need to make public the National Debt and obligations as well.... this is the only way to contain EconomicTerrorism for spreading further!

Mangus

 

[zulu]

Great news its discussed in Bharwana sahib post its overall 9.6 Billion Dollar package

 

[war&peace]

@war&peace @zulu @Reddington @Dubious @Khafee @PaklovesTurkiye @PakSword @ali_raza @ps3linux


Paks,

This is quite a great development for Pak State!

We need to understand that in this Hybridwar...where EconomicTerrorists have been playing the markets and creating artificial shortage of dollar supply....

This give much needed breathing space as well. We can now focus on structural reforms as well. The key is to tackle IPP mafia and LNG mafia in the PSO/Energy Ministery as well.

KSA has yet again proven to be a true brother and friend in need...

It is important to see this development in light of Pak State and not in terms of political loyalties!

Good news... we need to now focus also on debt restructuring... the key here is National Debt Commission under SCP.

We need to make public the National Debt and obligations as well.... this is the only way to contain EconomicTerrorism for spreading further!

Mangus

But is it something new? Because I guess it is the same agreement which Pak and KSA reached a few months ago during the IK and MBS reciprocal visits. So IK knew about it and that is why he is cool that he can overcome the fiscal problem.

 

[ziaulislam]

Fiscal problem will be overcomed but growth needs huge reforms which wil take at least 3 yesrs or even more..you need increase manufacturing and more SEZs..

 

[Mamadouso]

It is a good chance for Pakistan to now speed through reforms and use this breathing space to slash bureacracy, simplify the tax system and promote industry.

It must not waste this 12-18 months now otherwise the next crisis is only that far away.

 

[ali_raza]

@war&peace @zulu @Reddington @Dubious @Khafee @PaklovesTurkiye @PakSword @ali_raza @ps3linux


Paks,

This is quite a great development for Pak State!

We need to understand that in this Hybridwar...where EconomicTerrorists have been playing the markets and creating artificial shortage of dollar supply....

This give much needed breathing space as well. We can now focus on structural reforms as well. The key is to tackle IPP mafia and LNG mafia in the PSO/Energy Ministery as well.

KSA has yet again proven to be a true brother and friend in need...

It is important to see this development in light of Pak State and not in terms of political loyalties!

Good news... we need to now focus also on debt restructuring... the key here is National Debt Commission under SCP.

We need to make public the National Debt and obligations as well.... this is the only way to contain EconomicTerrorism for spreading further!

Mangus

when we go for a surgery we cut our own body to get fixed
our economy is not sustainable
how can a country which import just for the same of import survive
38 billion dollars deficit is no joke.
thanks god ik had a change in policy which is good
if we ever can finish our deficit and turns a export surplus we will then see the real growth not fake vote politics growth

 

[PakSword]

Come out of your lala land Mr.Dont give false hopes.Pak GDP growth is projected at 2.8 % in 5 years.What a shame

Show your flags first... come on don't hide your country

 

[Sugarcane]

Saudis oil package to start kick in as 3.2 billion dollars oil per year on deferred payment will commence from July 1st, 2019 onwards for 3 years.

It will not actually shrink deficit, only defer it for 3 years, will give some relief but we have to work on increasing exports and reducing import in these 3 years so that we can payback after 3 years.

 

[PakGuns]

Bros, I am not big of an economist, the only reform required right now and from the beginning is use of local resources, train local population to technical level and make joint ventures for production (automobile for example) ...our agreements do include local production but does not emphasize on training the local population for this job... Every firm have a well defined training program which projects an individual's progress...but I rarely see such opportunities being launched at industrial level, that is why we are unable to produce our own engine and have 70s and mehran runnning all around..at local level our universities sucks as well.....most of engineers goes straight to quality controlling of likes of mehran and 70s (lack of auto-policy, research based training structure) without utilizing their gained knowledge...we have our arch rival to learn from just look at their joint ventures (Bajaj and KTM) and look at ours (atlas & honda) that alone defines everything wrong with us..

 

[zeplin_100]

Come out of your lala land Mr.Dont give false hopes.Pak GDP growth is projected at 2.8 % in 5 years.What a shame

Don't under estimate Pak economy. In 1971 when Pakistan was dismembered, the economy was in its worst condition. But it recovered in two years. Then after the atomic explosions, Pakistan not only survived despite sanctions, but after couple of years the economic growth was 6% plus.
Pakistan's economy has a resilience or a latent drive, which sometimes conceals itself somewhere, then with a little correction work it recovers itself and then grows at a comfortable rate. This has been happening right from the inception of Pakistan. The mistake Pakistan had committed, was reversal of Z.A. Bhutto's indigenous economic and industrial policies. All the indigenous hard work done during ZAB's era was made ZERO by Zia-ul-Haq's government.
This time, after the correction is done - in about two years - then it will take a year or two to make the economy steady, thereafter it will grow at a faster rate.