PM Imran Khan summons meeting to discuss rising inflation today

[FOOLS_NIGHTMARE]

IK is dishonest. Has never fulfilled a promise. Ordinary people are being looted left right and centre. As an example, ordinary people are being killed due to sky high electricity prices through unregulated dodgy meters and billing systems.

https://twitter.com/x/status/1443536505750839297

 

[Aneeq Rashid]

When pakistan imports everything then pakistan can't be immune to what is happening in global commodity. Inflation has effected every single person on this planet since west gave stimulus packages to there population and also global supply chain is effected big time. If people in pakistan who talk about economy were honest they will tell why there is Inflation. For example if oil price is high globally how do you expect ik to sell you gas at a cheaper price its impossible.

 

[AZ1]

Now how come this guy is in favor

 

[Norwegian]

View attachment 781414

Now how come this guy is in favor

Software patch by GHQ

 

[AZ1]

Software patch by GHQ

next finance minister?

 

[FOOLS_NIGHTMARE]

https://twitter.com/x/status/1444235914381774849

 

[AZ1]

https://twitter.com/x/status/1444235914381774849

Pakistan’s foreign exchange reserves hit five-year high

SBP says increase in reserves attributed to receipt of proceeds of $2.5 billion against issuance of Pakistan euro bonds.Pakistan's forex reserves hit $23.2 billion - its highest level since June 30, 2016.Analyst Samiullah Tariq says money...

www.geo.tv

 

[313ghazi]

We need to end all subsidies. Let everything get to its natural prices.

 

[AZ1]

nawaz sharif went to UK and now UK inflation is high. Panoti hai

 

[Enigma SIG]

We need to end all subsidies. Let everything get to its natural prices.

Awam ko nashe ka shoq hai. They want communism.

 

[Jungibaaz]

Inflation and growth are intimately linked in terms of policy, however, the inflation we're seeing in Pakistan and globally is driven by a few factors: some of it is from internal demand, some from extraneous demand driven inflation, and a lot of it is supply side (supply chain and commodities prices) driven cost-push inflation. PKR devaluation also puts pressure on cost-push inflation.

What the new Finance Minister has been preparing to do is to rekindle growth via slightly expansionist policies, drifting from Hafeez Sheikh's IMF restraint led agenda. So looser fiscal policy, lower interest rates, less of a focus on CAD. This is a pro-growth effort, but at a time when every country in the world is bracing for record inflation, one has to question the wisdom of cutting SBP rates for example. Pro-growth policies usually have two trade-offs, the first is sustainability, this is long-term, and the second is inflation, this comes much quicker.

So long story short, no-one should expect this meeting or others to perform some sort of miracle. Low inflation over the next two years is very unlikely, and in order to achieve lower than forecast inflation, you have to sacrifice growth. We're between a rock and a hard place.

 

[313ghazi]

Inflation and growth are intimately linked in terms of policy, however, the inflation we're seeing in Pakistan and globally is driven by a few factors: some of it is from internal demand, some from extraneous demand driven inflation, and a lot of it is supply side (supply chain and commodities prices) driven cost-push inflation. PKR devaluation also puts pressure on cost-push inflation.

What the new Finance Minister has been preparing to do is to rekindle growth via slightly expansionist policies, drifting from Hafeez Sheikh's IMF restraint led agenda. So looser fiscal policy, lower interest rates, less of a focus on CAD. This is a pro-growth effort, but at a time when every country in the world is bracing for record inflation, one has to question the wisdom of cutting SBP rates for example. Pro-growth policies usually have two trade-offs, the first is sustainability, this is long-term, and the second is inflation, this comes much quicker.

So long story short, no-one should expect this meeting or others to perform some sort of miracle. Low inflation over the next two years is very unlikely, and in order to achieve lower than forecast inflation, you have to sacrifice growth. We're between a rock and a hard place.

The is no quick strategy to fix inflation but in the medium to long term we can build an economy that is not affected buy it as much. Unfortunately we don't ever move in that direction.

 

[Jungibaaz]

The is no quick strategy to fix inflation but in the medium to long term we can build an economy that is not affected buy it as much. Unfortunately we don't ever move in that direction.

The elites will die before they allow the kind of changes that will build that system. People can talk all day about structural reforms, nothing ever gets done.

 

[TigerOfMysore]

It is simple. Expenditures outrun revenue. Imports outrun exports. All the while corruption of last 30 years have left all institutions and bureaucracy hollow. It is as simple as that!!