El Sidd
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I have no idea what that means.
Even at this age Life throws me surprises. Next Time i See you in any Ummah related topic. I am trolling you
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I have no idea what that means.
Someone kindly tell Imran Khan that it's hardly been 50 days, he needs to give some more time to Asad Umar.
Even at this age Life throws me surprises. Next Time i See you in any Ummah related topic. I am trolling you
Well done Imran Khan. There comes the cat out of the bag, finally.
Asad Umar is the name that keeps coming up again and again. His preference for an IMF deal is no secret anymore.
I think we should bring Atif Mian, he is only top 20 economist, very hard working man day and night. Make him finance minister.Asad Umar has zero planning skills and his thinking is not at the same level as Imran Khan. No wonder Imran Khan is dissatisfied, disappointed and worried about him. Incompetency always screw up a person.
The requirements are likely to shine a spotlight on the extent, composition and terms of Pakistan’s debts to China for infrastructure projects as part of Beijing’s massive Belt and Road building programme. China has pledged some $60 billion in financing to Pakistan for ports, railways and roads, but rising debt levels have caused Islamabad to cut the size of the biggest Belt and Road project by some $2 billion.
AgreeThough hopefully not as much as Jaitely.
Cheers, Doc
Folks hating on Asad Umar is unfair. I'm no PTI fan, but seriously, there are structural economic flaws in place that can't be done away with by just shouting, praying and arguing.
Let me put it this way:
Our economy is like a 20-something without a real job (i.e. lacking strong manufacturing industries that can make high-value exports). So we make money via part-time work at McDonalds, which is minimum wage (i.e. our lower-value agriculture, textile, etc labour) and some freelancing (remittances). You're earning $900 a month.
On the other hand, you have a lease to pay on your car, water and electricity at home, taxes, debt on old credit card bills, a phone bill and rent, so your outlay is about $1,200 a month. There's a deficit of $300.
To plug that $300 deficit, a lot of which comes from necessities (not the iPhone you keep looking at online), you run to your parents, brothers or friends for cash. Some of that cash ends up as new debt, and now your closest links are unable to provide you with loans, so you need a miser.
Enter: IMF. But the cycle continues.
I feel as though we're all expecting some revolutionary, brave policies -- e.g. refusing to pay any debt -- but are unable to accept that doing so will result in us burning all current bridges and relationships. It takes a backbone, yes, but a level of planning and execution to repair it -- which we lack.
If you want IK, Asad Umar, etc to basically burn the bridges, then please ask for it directly and accept all of the consequences as your own. Otherwise, if you want them to work magic within the confines of what's given, then deal with the fact that there isn't much magic. @Oscar
Asad Umar has zero planning skills and his thinking is not at the same level as Imran Khan. No wonder Imran Khan is dissatisfied, disappointed and worried about him. Incompetency always screw up a person.