Pakistan's economy was deliberately destroyed by Pmln: Dr Ashfaq Hassan

[Norwegian]

Public Debt: PTI pledged to the nation to reduce the public debt by Rs.10 trillion, which stood at Rs.24.2 trillion at the close of FY18. In reality, the debt in the two years of PTI government has increased by 41% to Rs.34.5 trillion, an alarming rate of increase that is far speedier than PMLN without investing in any mega visible project like that of PMLN’s power generation, motorways & highways, communication infrastructure ones.

That's because all new debt PTI is taking is going to pay off for PMLN's past debts, Patwari.

PTI govt paid $10.4 billion in debt servicing: Hammad Azhar

ISLAMABAD: Federal Minister for Industries and Production Hammad Azhar on Saturday stressed that the PTI government paid $10.4 billion on account of debt servicing of external public loans including...

www.thenews.com.pk

Pakistan signed up for $10.5bn foreign loan in FY20

Country received $10.7bn in foreign assistance during same period.

www.dawn.com

PTI government inherited $20 billion current account deficit, Rs 2000 billion debt servicing

*ISLAMABAD - **PTI government inherited $20 billion current account deficit, Rs 2000 billion debt servicing, Reports have revealed. * *Adviser to Prime

timesofislamabad.com

 

[Norwegian]

resulting in negative-10% growth in large scale manufacturing (LSM) with millions of jobs redundancies and severe negative impact on the overall economy.

Fake news as usual, Patwari:

LSM expands by 11.4pc in December

Double-digit growth comes on the back of higher automobile and cement production.

www.dawn.com

 

[Patriot forever]

Damage is a combination of theft by previous political parties and IMF loans PTI took out.

Actually bro IMF kept us alive. If not for IMF we would have defaulted long time ago. It's not just the 6b IMF loan, it's the IMF package that unlocked cheap lending from other international donors.

Otherwise who would have given us billions to roll over our maturing debt as well as pay off the interest, not to mention the financing required to cover CAD.

 

[Norwegian]

Pak Rupee Devaluation: PTI government chose to follow pseudo-intellectuals’ bookish theory, who were propagating slide of rupee to $/Rs 127 to boost exports, and allowed self-slide devaluation but could not manage to handle it later. Despite that rupee-dollar parity has fallen to 168 in two years, the exports for both FY19 and FY20 have shown a decline. While PMLN had insulated 92 percent of the economy (exports being 8 percent) from the damage of devaluation during its tenure and got the growth of 12.7% in exports for FY18 with targeted support, PTI has ruined the entire economy by blindly sliding the rupee which resulted in massive inflation, closure of businesses, industrial stagnation, negative GDP growth with increased poverty and unemployment. The devaluation alone has caused national loss of Rs 4,840 billion (equal to $ 29 billion) through an increase in public debt in the last two years.

Khotay Biryanis will never understand that PKR was massively overvalued by their absconder leader Ishaq Dollar. So it's not PTI that did massive devaluation but PMLN that artificially overvalued PKR for years to give a fake but rosy picture of economy, Patwari

Policy (Interest) Rate: With the improvement in macroeconomic indicators, better sovereign ratings and built up of forex reserves with the stable rupee, PMLN managed to bring down in its tenure SBP policy rate to 6.25%, export refinance (ERF) and long term finance facility (LTFF) to 3% which were lowest in decades; with core inflation, at 4% the real interest rate was positive at 2.25%. In contrast to PMLN’s performance, PTI raised the interest rate to 13.25% due to decades high inflation triggered by massive rupee devaluation and poor economic performance.

Khotay Biryani, inflation was triggered by PKR devaluation, which in turn was triggered by massive current account deficit in last two years of your favorite PMLN govt:

 

[Norwegian]

Power Circular Debt: PTI always criticised the accumulation of power circular debt. It was Rs 503 billion at the close of FY13 which increased to Rs 1100 billion by FY18. PTI Energy Minister announced its reduction to Rs 100 billion by FY20 but in reality the same has jacked up with great speed to Rs 2,200 billion.

Thanks to expensive IPP contracts signed by your very experienced Khota Nihari govt.

Globally recognised economic performance of Pakistan by FY17

Everything went south after 2017 because economic course was set wrong between 2013 and 2017:

 

[Norwegian]

And coming to another important point, the ever-rising external debt......thanks to the PTI Government, which has taken more debt in 2 years than PML did in entire 5 years and is still blamed for the financial crisis which is actually the fault of PTI; I mean the disaster one has to be to blame the previous Government despite PTI adding an unprecedented % to the debt in just the first 2 years.....This at the time when the previous Government was expanding the economy at 6.8% per annum whereas PTI has been destroying the economy at -0.4% or thereabouts:

Patwari again, all new debt PTI takes goes to pay for your experienced PMLNs past debts:

PTI govt paid $10.4 billion in debt servicing: Hammad Azhar

ISLAMABAD: Federal Minister for Industries and Production Hammad Azhar on Saturday stressed that the PTI government paid $10.4 billion on account of debt servicing of external public loans including...

www.thenews.com.pk

Pakistan signed up for $10.5bn foreign loan in FY20

Country received $10.7bn in foreign assistance during same period.

www.dawn.com

PTI government inherited $20 billion current account deficit, Rs 2000 billion debt servicing

*ISLAMABAD - **PTI government inherited $20 billion current account deficit, Rs 2000 billion debt servicing, Reports have revealed. * *Adviser to Prime

timesofislamabad.com

Well, you do try and post the exact same post repeatedly and all over the forum without going into details why the imports increased so much, here's your chance to understand why imports increased, specifically targeting CPEC Project, which will ultimately bear fruit for the country forever, Inshallah:

Inshallah, your favorite absconder leader Nawaj Sharif will generate dollars from his London flats and pay for CPEC debts.

Pakistan to Seek Debt Relief From China Belt and Road Loan: Bloomberg

Pakistan to Seek Debt Relief From China Belt and Road Loan By Faseeh Mangi February 9, 2021 China-financed power plants in Pakistan resulted in oversupply Relief part of Pakistan’s plan to reduce power payments Pakistan plans to ask China for relief on payments for power projects Beijing...

defence.pk

 

[Norwegian]

Yeah, good that you highlighted how much better off we were before the PTI disaster hit us leading us to (The Culprit Marked by Black Outline):

Wait, are you calling artificially overvalued PKR between 2013 and 2017, betterment, brainwashed Patwari?

The rupee is being artificially propped up at its present level, and what happened last Wednesday was a small trailer of what is to come.

The Dar-shaped curve

The rupee is being artificially propped up at its present level, and what happened last Wednesday was a ...

www.dawn.com

Govt injected $7b to keep rupee overvalued in recent years | The Express Tribune

EAC member says policy to prevent the currency’s fall caused more damage

tribune.com.pk

Highest PKR overvaluation ever! – Business Recorder

fp.brecorder.com

fun fact yes PMLN would have lost again(as these are unpopular decisions) but it was the right decision

That's why Pakistanis are not cut out for democracy. They repeatedly vote for corrupt parties and their wrong policies, and then they blame the mess on army generals.

 

[Norwegian]

hand it over to a big group of foreign economists and ask them their opinion about the outlook of the economy

IMF is already doing that, that's why Patwaris are crying and whining since 2018.

Actually bro IMF kept us alive. If not for IMF we would have defaulted long time ago. It's not just the 6b IMF loan, it's the IMF package that unlocked cheap lending from other international donors.

Otherwise who would have given us billions to roll over our maturing debt as well as pay off the interest, not to mention the financing required to cover CAD.

Exactly. Pakistan would have defaulted on external debt repayments if IMF was not around more than 21 times.

 

[PakistaniAtBahrain]

That's why Pakistanis are not cut out for democracy. They repeatedly vote for corrupt parties and their wrong policies, and then they blame the mess on army generals.

i think that will change now that we have a young population that is tech savvy, that sees through the old politicians lies, and have access to better political content available for consumption on social media.

 

[Norwegian]

i think that will change now that we have a young population that is tech savvy, that sees through the old politicians lies, and better political content available for consumption on social media.

Still there are millions of brainwashed Khota Biryani supporters we can do nothing about.

 

[PakistaniAtBahrain]

Still there are millions of brainwashed Khota Biryani supporters we can do nothing about.

i dont blame all of them. many of them are poor, dont know any better and vote for whoever if they get a plate of food, especially in interior Sindh.

 

[POPEYE-Sailor]

Awwww Imandar Govt Mouth fighter

https://www.facebook.com/video.php?v=1665372843664472

WTF ( Now Imran Khan Tigers will start to say patwari blah blah blah) Keep barking

 

[Norwegian]

Awwww Imandar Govt Mouth fighter

https://www.facebook.com/video.php?v=1665372843664472

WTF ( Now Imran Khan Tigers will start to say patwari blah blah blah) Keep barking

View attachment 716229

Enjoy Circular Debt and most expensive electricity in the region, Patwari

 

[syedtalhamaududi]

Enjoy Circular Debt and most expensive electricity in the region, Patwari View attachment 716250View attachment 716251View attachment 716252

You are being selfish Norwegian, your knowledge and abilities in economics are being missed by Pakistan. Please go back to Pakistan and steer the ship to prosperity. IK has reset the country to year zero. The field is clear. Please go ahead

 

[POPEYE-Sailor]

Enjoy Circular Debt and most expensive electricity in the region, Patwari View attachment 716250View attachment 716251View attachment 716252

Omg how many time you gona put this chart again n again ?? Same like Imran khan speech's every time same manjan.
U know what just wait for 2023 election Poti i gona lose same as happen in 2008 election. Stupid, incapable, behkari and worst Govt ever in history of Pakistan.

Dekh toe - mou ka fighter burning electricity bill

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