AZ1
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IMF chief research Daniel Leach has said that Pakistan's economy was stable at the start of fiscal year 2022 and the economic growth rate was 6 percent.
Pakistan's economy was stable at the start of fiscal year 2022, IMF said
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Analysis: Pakistan moves toward deal-or-default endgame
TheSolution
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Maula Jatt
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#Thank you Bajwa
truthseeker2010
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***** Generals
The worst floods in the history of West Pakistan (I am mindful of the massive 1970 floods in EP thus did not state Pakistan) have had a massive hand in the increase of edibles, price of wheat because the flooding directly impacted our ability to export grains, lack of forex for imports with additional monies being allocated to relief and thus increasing our debt, squeezing our fiscal space etc. etc.
www.voanews.com
www.wsj.com
www.dw.com
Also, quoting the same IMF, "Before the floods, the IMF had forecast economic growth of 3.5% for the current fiscal year." So realize that we did not have a world-beating economy prior to the floods.
Miftah Ismail is on the record for stating the impact of floods on Pakistan's economy: "Finance Minister Ismail, however, told DW that the growth will be "around 2%."
"We forecast growth of 5% and expect growth of 2% now, hence a loss of 3%. But this is our model. The IMF predicted growth of 3.5% but hasn't shown yet, to the best of my knowledge, what the reduction will be. It is wrong to use our reduction number in the IMF model. We still think growth will be around 2%," he said."
Another one: "20.6 million people require humanitarian assistance. According to the post-disaster needs assessment, the flooding caused $14.9 billion in damages and $15.2 billion in economic losses. Estimated needs for rehabilitation and reconstruction in a resilient way are at least $16.3 billion.
disasterphilanthropy.org
I don't care who is at the helm, they would be dealing with some horrific economic indicators right now just as PDM govt. is. Perhaps the handling would be different (nobody can say with surety). PTI was not going to deliver any miracles to us and pointing fingers at the army without understanding the impact of a once in a hundred years flood is being blind to the ground realities.
Study: Pakistan Flood Damages, Economic Losses Exceed $30 Billion
An internationally supported study has found that recent catastrophic floods in Pakistan have inflicted more than $30 billion in damages and economic losses. It notes that the early estimates may increase as the situation continuously evolves on the ground. The Pakistani government conducted...
www.voanews.com
Pakistan’s Flood Losses Deal Crushing Blow to Ailing Economy
The disaster is expected to cost Pakistan at least $30 billion, wipe out growth and cause acute food shortages, threatening to push the country into default.
www.wsj.com
How floods add to Pakistan's economic woes – DW – 09/24/2022
Devastating floods in Pakistan in recent weeks have battered a country already struggling to revive its crisis-stricken economy.
www.dw.com
Also, quoting the same IMF, "Before the floods, the IMF had forecast economic growth of 3.5% for the current fiscal year." So realize that we did not have a world-beating economy prior to the floods.
Miftah Ismail is on the record for stating the impact of floods on Pakistan's economy: "Finance Minister Ismail, however, told DW that the growth will be "around 2%."
"We forecast growth of 5% and expect growth of 2% now, hence a loss of 3%. But this is our model. The IMF predicted growth of 3.5% but hasn't shown yet, to the best of my knowledge, what the reduction will be. It is wrong to use our reduction number in the IMF model. We still think growth will be around 2%," he said."
Another one: "20.6 million people require humanitarian assistance. According to the post-disaster needs assessment, the flooding caused $14.9 billion in damages and $15.2 billion in economic losses. Estimated needs for rehabilitation and reconstruction in a resilient way are at least $16.3 billion.
2022 Pakistan Floods - Center for Disaster Philanthropy
Information about the 2022 Pakistan floods, the impact on communities, critical needs, and how donors can support recovery.
I don't care who is at the helm, they would be dealing with some horrific economic indicators right now just as PDM govt. is. Perhaps the handling would be different (nobody can say with surety). PTI was not going to deliver any miracles to us and pointing fingers at the army without understanding the impact of a once in a hundred years flood is being blind to the ground realities.
ghazi52
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.,.,.,
Pakistan’s exports to nine regional countries were down by 11.93% in the first half of FY23 mainly driven by a drop in shipments to China, as per the data released by the State Bank of Pakistan.
Exports to Afghanistan, China, Bangladesh, Sri Lanka, India, Iran, Nepal, Bhutan and the Maldives dipped to $1.897 billion that is just 13.31% of Pakistan’s total exports of $14.25bn in July - December FY23.
Pakistan’s exports to China declined by 20.57%. China tops the list of Pakistan’s regional exports leaving India and Bangladesh behind. But Pakistan’s exports to China posted negative growth in the first half of FY23 on a year on year basis.
Pakistan’s exports to nine regional countries were down by 11.93% in the first half of FY23 mainly driven by a drop in shipments to China, as per the data released by the State Bank of Pakistan.
Exports to Afghanistan, China, Bangladesh, Sri Lanka, India, Iran, Nepal, Bhutan and the Maldives dipped to $1.897 billion that is just 13.31% of Pakistan’s total exports of $14.25bn in July - December FY23.
Pakistan’s exports to China declined by 20.57%. China tops the list of Pakistan’s regional exports leaving India and Bangladesh behind. But Pakistan’s exports to China posted negative growth in the first half of FY23 on a year on year basis.
Samurai_assassin
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Bajwa wanted Pakistanis to suffer. He certainly delivered.
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