Pakistan’s Fiscal Deficit Rises to Highest Level in 28 Years

[AZ1]

https://twitter.com/x/status/1166233167789006849

 

[Turingsage]

Its clearly the fault of Nawaz. The traitor has secretly been forcing the awam and business community to pay his legal fees in prison instead of the govt.
Nawaz has clearly put the brakes on Pakistans economy just to make Imran look bad

 

[Flight of falcon]

Everybody just relax and have faith. There will be bumps on the way to recovery. Even IMF expects things to stabilize by next year . Don’t pay attention to these scandalous news... read some of the old Bloomberg news and almost all are either inaccurate or deliberately misleading. Same goes for Forbes. They even had articles imploring IMF not to help Pakistan. One of the writer actually had made a career out of writing anti Pakistan economy articles .

 

[wali87]

Sad to see the current state of our economy. It appears that the current government is trying its level best when it comes to foreign policy. However when we look at the domestic policy it seem it’s a complete failure. PMIK’s speeches to the nation appear to be just words, but actions speak louder than words. Now it’s been almost a year yet I see no significant change in the economic state of affairs. Rather the government is increasing prices, taxes while at the same time reducing the people’s purchasing power. I don’t understand the logic behind this. How do they expect the people to support them.

 

[Dubious]

Its clearly the fault of Nawaz. The traitor has secretly been forcing the awam and business community to pay his legal fees in prison instead of the govt.
Nawaz has clearly put the brakes on Pakistans economy just to make Imran look bad

Well it is no secret the opposition did join hands with PPP to make sure downfall of government. ....now how is that not viewed as traitors? Forming a committee esp to make sure government doesn't work but addresses their attention seeking disorder?

https://www.bloomberg.com/news/arti...al-deficit-rises-to-highest-level-in-28-years

Why was there a need to make a new thread when one was running?

 

[Flight of falcon]

This deficit is from June 2018-June 2019. Perhaps the most scariest time for Pakistan economy.

Nawaz left economy in such a bad shape that there was every possibility of default.

$ 22 billion was the trade deficit alone.

PTI government took over in August and was shell shocked to see how bad the situation was. Basically there was no money what so ever to make debt payments or even to make oil payments.

IK took personal initiative and ran to Saudis and UAE for help. And help they did provide.
All those People pointing fingers at UAE must thank them for saving us from a certain disaster .

Things are much more stable now. With trade deficit significantly down, exchange rate stable and exports increasing we will witness In sha Allah a turn around by January.

 

[AZ1]

This deficit is from June 2018-June 2019. Perhaps the most scariest time for Pakistan economy.

Nawaz left economy in such a bad shape that there was every possibility of default.

$ 22 billion was the trade deficit alone.

PTI government took over in August and was shell shocked to see how bad the situation was. Basically there was no money what so ever to make debt payments or even to make oil payments.

IK took personal initiative and ran to Saudis and UAE for help. And help they did provide.
All those People pointing fingers at UAE must thank them for saving us from a certain disaster .

Things are much more stable now. With trade deficit significantly down, exchange rate stable and exports increasing we will witness In sha Allah a turn around by January.

They all know but cant stopped supporting nawaz because they mostly tax evaders.

 

[maithil]

https://www.dawn.com/news/1502012/in-first-year-govt-sees-record-high-fiscal-deficit

 

[Winchester]

First Ishaq Dar fcuked the economy then we have Duffers in the present govt. fcuking it up further.

This govt. has led Pakistan into a low growth trap. Raising interest rates particularly by the State Bank in order to meet IMFs targets has meant we are practically in a recession while the intended aim of increasing revenue also has gone down the drain.