Pakistan on the brink of Socio economic catastrophe due to IMF and food chain mafias

[Maxpane]

the oil which i bought on a price of 170 for months before is at the price of 215 and ultimately i have not choice but to go for dalda because its only a difference of 15 rupees

 

[Dr. Strangelove]

Pakistan is financially Fcuked beyond repair Because of Dadar And Gunj. Capacity Charges of IPP stood at 210 billion In 2017-18 it will balloon to 500 billion by 2024 with each new Power plant coming online. This is unsustainable for power sector all this burden comes on common man the same ignorant idiots who will blame the current GOP for this. Same goes with the Gas. 150 billion Rupee Circular debt has to be paid by some one.

This government is still paying subsidies worth 116 billion rupees to Power consumer even after an increase of over 4 rupee per unit this will give to some insight on how much the previous Government spent to keep prices low for their political benefit.

The only thing IK can get blame for is his inability to start Tax reforms and for choice of some of his ministers.

 

[ziaulislam]

1 . welcome to IMF economic shock therapy .

2. welcome to near 35% PKR devaluation

3. welcome to not-so-hyper(yet) inflation and erosion of buying power

4. welcome to shrinking manufacturing output and a million out of job people



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

no, there are NO mafias . there is simple demand and supply at work here. blaming ghosts and mysterious mafias for your incompetency /mismanagement wont do any good .

Explain why did devaluation happened and why did local manufacturing dropped

This is what i am hearing .."All doctors are muderers as when a herione addict over doses he always die in the hospital, he was fine when he was shooting up"

Pakistan is financially Fcuked beyond repair Because of Dadar And Gunj. Capacity Charges of IPP stood at 210 billion In 2017-18 it will balloon to 500 billion by 2024 with each new Power plant coming online. This is unsustainable for power sector all this burden comes on common man the same ignorant idiots who will blame the current GOP for this. Same goes with the Gas. 150 billion Rupee Circular debt has to be paid by some one.

This government is still paying subsidies worth 116 billion rupees to Power consumer even after an increase of over 4 rupee per unit this will give to some insight on how much the previous Government spent to keep prices low for their political benefit.

The only thing IK can get blame for is his inability to start Tax reforms and for choice of some of his ministers.

Its not beyond redemption
But wont happen overnight will take 3 solid years and exepect inflation to peak this year but perisist next yr.
We are talking about comulative 50% inflation

Though the problem is that patient (a.k.a educated awaam) is in denial ..he doesnt think that drugs(artificial management) are his problem ..despite overdosing(fiscal crisis, current account crisis) multiple times ..he infact blames the doctor (IMF Which provides finances when noone else does) for his current withdrawal symptoms (high inflation)

Look at bangaldesh learn from them..
After 3 decades of high growth (with today more povety than we have) they will become developed country by 2043

Every industry is looking there..

Why invest in a drug addicted country where every one is asking for drugs again

 

[Genghis khan1]

Explain why did devaluation happened and why did local manufacturing dropped

This is what i am hearing .."All doctors are muderers as when a herione addict over doses he always die in the hospital, he was fine when he was shooting up"


Its not beyond redemption
But wont happen overnight will take 3 solid years and exepect inflation to peak this year but perisist next yr.
We are talking about comulative 50% inflation

Though the problem is that patient (a.k.a educated awaam) is in denial ..he doesnt think that drugs(artificial management) are his problem ..despite overdosing(fiscal crisis, current account crisis) multiple times ..he infact blames the doctor (IMF Which provides finances when noone else does) for his current withdrawal symptoms (high inflation)

Look at bangaldesh learn from them..
After 3 decades of high growth (with today more povety than we have) they will become developed country by 2043

Every industry is looking there..

Why invest in a drug addicted country where every one is asking for drugs again

Pakistan awaam likes mufta. No Tax, No Bill. One person work, 50 other feed on it.

Almost half the F’n budget is Allocated towards debt and interest payments. Question should be asked, why is this Islamic republic taking loans on Interest to began with??? Why isn’t there any law or constitutional amendment about it and who are the f nuts that got Pakistan into such debt trap.

Only way out of total economic collapse is to stop the outflow of dollars. Use hydropower instead of spending billions on foreign oil.

Pakistan gotta get rid of interest loans.

 

[Zhukov]

A cooking oil that cost 110

O Bhai konsey dor ki baat kar rahey ho?

 

[blueazure]

I swear these Patwaris just make up things ....Patwari Bhai you can order ghee on line at Draaz and it’s still cheaper than your claim .

beta chup kar jao, khud canada bhag gaey ho ,, hamain lecture de rahey ho

-------

people like you are hypocrites and despicable,

Explain why did devaluation happened and why did local manufacturing dropped

This is what i am hearing .."All doctors are muderers as when a herione addict over doses he always die in the hospital, he was fine when he was shooting up"

1. devaluation -

simply printing more money and increasing M0 money supply . done to alleviate imports ( near blanket ban ) and some genius told immi that our exports would shoot up proportionately to devaluation

as of now, our exports are up barely 2-3 % YoY while inflation is 12-14 percent YoY .

net effect - negative

all this was done simply because IMMI and establishment are mysteriously UNABLE to bring back looted wealth


2. manufacturing output falling

hi elec and gas tarrifs, hi taxes , sales tax refunds NOT being released on time, cash flow impact .

add inflation to the mix and you have a strained labor class


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

bahar baith k batain karna asaan hai bhai

idhar aao to sanam

 

[darksider]

Pakistan awaam likes mufta. No Tax, No Bill. One person work, 50 other feed on it.

Almost half the F’n budget is Allocated towards debt and interest payments. Question should be asked, why is this Islamic republic taking loans on Interest to began with??? Why isn’t there any law or constitutional amendment about it and who are the f nuts that got Pakistan into such debt trap.

Only way out of total economic collapse is to stop the outflow of dollars. Use hydropower instead of spending billions on foreign oil.

Pakistan gotta get rid of interest loans.

Are you sure Pakistani awam not paying taxes?
When i buy one litre petrol i am paying a least 20 rs in taxes.even a poor is paying same when he buy 1 litre petrol.this is just one example.

 

[Genghis khan1]

Are you sure Pakistani awam not paying taxes?
When i buy one litre petrol i am paying a least 20 rs in taxes.even a poor is paying same when he buy 1 litre petrol.this is just one example.

Income Tax. 4/5 of population is unemployed, no or low skill or just sitting home as dependent. Other self employed don’t pay Taxes.

 

[Enigma SIG]

Are you sure Pakistani awam not paying taxes?
When i buy one litre petrol i am paying a least 20 rs in taxes.even a poor is paying same when he buy 1 litre petrol.this is just one example.

Indirect taxes are ineffective.

 

[ziaulislam]

beta chup kar jao, khud canada bhag gaey ho ,, hamain lecture de rahey ho

-------

people like you are hypocrites and despicable,




1. devaluation -

simply printing more money and increasing M0 money supply . done to alleviate imports ( near blanket ban ) and some genius told immi that our exports would shoot up proportionately to devaluation

as of now, our exports are up barely 2-3 % YoY while inflation is 12-14 percent YoY .

net effect - negative

all this was done simply because IMMI and establishment are mysteriously UNABLE to bring back looted wealth


2. manufacturing output falling

hi elec and gas tarrifs, hi taxes , sales tax refunds NOT being released on time, cash flow impact .

add inflation to the mix and you have a strained labor class


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

bahar baith k batain karna asaan hai bhai

idhar aao to sanam

1. you are right
devaluation due to printing notes aka state bank lending..now go and check the figures of state bank at sbp.gov.pk, see lending each year from 2015 to this year. you will notice the number uptrend and peaked last year(PTI first year, probably because they didn't have money and couldn't adjust so quickly and besides it was 8 months period for them) and since this year it has been ZERO.
2. now you are wrong
on the second that is the effect not the cause.. The cause is DEMAND..cars are not being sold, gas tariffs are up but they were up before as well, devaluation did not change that too.
now ask yourself why the demand is low? demand is low because you are curbing what you did in no.1 printing notes, curbing the fake money to contain current account deficit

thus what PML N did was give the economy a stimulus which is not bad if its DONE PROPORTINATELY...they didn't do it proportionately..all govts cheat this way but no one goes over the top

they also fucked up things by destroying the net saving by dropping too much the rates..instead of 5-6% they dropped to <5%..result low saving, no equity, no investment..our numbers are at 10% India its at 30% of gdp

I appreciate your honest reply..I wasn't expecting it

just to add
---------
Cash refunds: govt has not held any current cash refunds but where is the money to give the previous money..there is no money..so either print money(the root of all issues) or keep holding the previous refunds. this is the fault of the previous govt

gas rates: export industry is being given the rates low through subsidy but how are you going to keep the expensive gas low..will that not lead to number 1 a.k.a printing notes again!!

inflation: we talked about this

taxes: did PTI increased any tax rates..the corporate taxes have been high for long time and PTI is going to keep decreasing it as permits promise..it did remove 1 let tax the GIDC
-------

i am not a fan of any party ..i am more interested in facts..you will see PTI fans criticizing me for me saying Imran khan failed THE EXPECTATION in taxation but that is truth..so far he has failed in tax department

--------
the biggest problem with Pakistan is that foreign investors are afraid and are not coming ..
they think Pakistan will go back to its old way of fiscal mismanagement. they want to wait till IMF is over and if Pakistan doesn't go back to same situation ...i myself think come 2023 we might see same tactics that we saw in 2007, 2012 and 2018

 

[Rasengan]

The same nation has given 30 years to Nawaz Sharif to loot, plunder and rape the country; but aren't even willing to give 3 years to IK to set things right. No wonder Pakistan is a proper shithole and even Bangladesh is now surpassing us.

No single person can change the country on his own. IK will only be successful when society as a whole supports him to change things. Pakistani people by nature like to point fingers but never provide a solution. In life never look at your limitation and complain. Instead, work with what you have and try to find solutions. This applies especially to the business community who I find incompetent.

 

[maithil]

Country is being run by people who never had to worry about kitchen expenses.

 

[LeGenD]

Yes there is inflation but this is not the firs time we hit that inflation rate either. in 2008 i think it was around 15% and then came down. Same goes here with such so many loans taken for useless projects and with export down to almost zero people expecting miracles happen within 1-2 years. It wouldn't happened.

Absolute focus on inflation rate is misleading. Reality on the ground is that the cost-of-living is increasing for households in Pakistan over time since virtually everything cost more to afford now. To give you a rough idea, an item that could be acquired for only Rs.30/- back in 2008, is now acquired for like Rs.100/- in 2019*. Now extrapolate this dynamic to hindreds of items of use. Temporary drops in prices of select goods make no difference because the entire Basket of Goods show an upward trajectory in terms of affordability on a continous basis through the years.

Conversely, earning capacity of households are not increasing over time due to lack of jobs and people lacking in savings to afford a business. So yes, huge number of households are affected. Many families continue to relocate to smaller homes and less developed places over time consequently. Many are living on rents to speak.

*This is the cost of DAWN BREAD to be precise.

 

[k s ahmed]

Seriously man. !
I have stated to.thinm that those frantic PTI supporters live outside.pak ,( most.of.them) and do bla bla bla on social.media and read on there too
They have nothing.to do with practical.life in Pakistan. They.live in their own world

 

[Turingsage]

Seriously man. !
I have stated to.thinm that those frantic PTI supporters live outside.pak ,( most.of.them) and do bla bla bla on social.media and read on there too
They have nothing.to do with practical.life in Pakistan. They.live in their own world

It isn't just that . The reason there are 2 flags under your handle is so that one of them represents the country you reside in, besides the one to show your ancestral history.
PTI chamchas here overwhelmingly hide where they live and where many have parents who sought refuge to get the hell out of Pakistan. They are the uber wunderkinds in the IK cult. They never had to live under a Pakistani household budget but hey they are full of advice on why anyone who complains about the abortion that IK has created with Pakistans economy is a Patwari corrupt NS supporting dogshit.
These are UBER nationalists who will NEVER leave the loving embrace of the west, they will NEVER come to live in Pakistan except as tourists where they can lord it over the Awam and are full of advice on how you can live like a king on Rs1000 a month