PTI Gov injected $5.8 billion to keep the Rupee artificially strong

[Trango Towers]

And, the bongiyan you listen to?

1. Daily screaming and squealing, "Meh NRO nahi du gi."
2. PM Nawaz Sharif is a begger because he borows from the IMF.
3. PTI will bring $200 billion from Switzerland (as if the Swiss will empty their banks to fill up Pakistani banks).
4. Devaluation is bad because it makes people poor (2013-2018).
5. Devaluation is good because it increases exports (2018-2022).
6. PTI will increase GDP to 7% (2013-2018)
7. PTI mustn't increase GDP above 5% (2018-2022) as if PTI can achieve even 5%.
8. A PTI PM needs to skip the Kuala Lumpur Summit on Kashmir to appease the Saudis.
9. A PTI PM allowed India to annex Kashmir something 21 PMs did not allow before him.
10. Indian FM invited to the OIC Summit as special guest for the very first time in retaliation to PM Imran Khan trying to create an alternative Muslim block.
11. Good news PTI Govt has discovered oil reserves at sea.
12. Nah. PTI Govt wasted Rs 120 billion discovering water at sea.
13. CPEC is corrupt. It is debt. Freeze CPEC to appease the US/IMF. Blackmail China.
14. CPEC is good. Only large-scale non-Western investment. China is our future.
15. We want trade, not aid. Beg, beg and beg the US for trade. Not even get a phone call.
16. Etc. Etc. Etc.

Wow...you are screaming like NS is your pir shahib. What did he do for you. Help you and your family Rob Pakistan?.

All the above bs and NS doesn't even know u exist. Remember he was so so so sick he needed treatment and in the UK no treatment required.

What is shameful is...I asked you to put Pakistan 1st not the party...but you are a slave to NS...chupooo nawaz ka tattaay. Shame on you...and please get rid of Pakistan from you name and replace is with 'ghulam e nawaz'

 

[Pakistan Space Agency]

Wow...you are screaming like NS is your pir shahib. What did he do for you. Help you and your family Rob Pakistan?.

All the above bs and NS doesn't even know u exist. Remember he was so so so sick he needed treatment and in the UK no treatment required.

What is shameful is...I asked you to put Pakistan 1st not the party...but you are a slave to NS...chupooo nawaz ka tattaay. Shame on you...and please get rid of Pakistan from you name and replace is with 'ghulam e nawaz'

Why don't you discuss the main subject of the original post instead of tryjng to bury your head in the sand?

2013-2018: Dollars used to stabilise currency is bad.
2019-2022: Dollars used to stabilise the currency is good.

Let's leave this:
1947-2019: India did not annex IOK is bad.
2019-2022: Indian annexation of IOK is good because PM Imran Khan gets to scream all over the world and no one cares.

 

[AZ1]

Why don't you discuss the main subject of the originsl post instead of tryjng to bury your head in the sand?

2013-2018: Dollars used to stabilise currency is bad.
2019-2022: Dollars used to stabilise the currency is good.

2013-2018 how much dollars used to stablise and how much exports increase and how much reserve left?

Name anything which add in reserved as revenue? anything ? except loan, interest and debt.




Let's leave this:
1947-2019: India did not annex IOK is bad.
2019-2022: Indian annexation of IOK is good because PM Imran Khan gets to scream all over the world and no one cares

So from 1947-2019 did it change anything stop occupation or anything? what nawaz did for kashmir 3 times PM?

Tomorrow if india passed bill name kashmir newyork will it change anything?




We lost kargil due to nawaz and won against India in february due to imran.

 

[Patriot forever]

PTI injected a total of $5 billion dollars that is true.

1st :
$3b in the initial phase of orderly gradual adaptation to market rate from 2018-2019.
Its called tapering off.
One can not just simply turn off the taps, it has to be done gradually and was done over a period of 6-8 months.


2nd:
The second injection of around $2b uptil date dollars came after August against unnatural outflow of currency to Afghanistan and speculation.

3rd:
PTI government bought around $3-4b as well from 2019 to 2021 to prevent the rupee from being overvalued.

The net injection by PTI is just around $2b in 3 1/2 years.


One has to be highly illiterate person to say that right now currency is overvalued by state Bank when in reality the currency is undervalued to a great degree.

Not even on one instance rupee has been overvalued in 3 1/2 years.

 

[Trango Towers]

Why don't you discuss the main subject of the originsl post instead of tryjng to bury your head in the sand?

2013-2018: Dollars used to stabilise currency is bad.
2019-2022: Dollars used to stabilise the currency is good.

Let's leave this:
1947-2019: India did not annex IOK is bad.
2019-2022: Indian annexation of IOK is good because PM Imran Khan gets to scream all over the world and no one cares.

OK...why did NS go against musharaf during the kargil war? Now you support of NS want us all to run and grab IOK but what did you do in 3 tenures ?? Slept...look ..Rob the nation.

The Indians can say what they like...the struggle in IOK continues. Has Pakistain not the upper hand by not saying anything about azad Kashmir and the northern areas ?
Dancing doesn't define strategy. Brain does.

 

[fisher1]

Its fun to see the PML n workers to post something against PTI.

Its getting harder for them now.

Someone should tell this guy how great Imran Khan is

Jobless media worker who committed suicide laid to rest

Fahim Mughal, a jobless media worker who had committed suicide due to unemployment and inflation on Thursday night, was laid to rest on Friday.The father of six minor children was found hanged at a...

www.thenews.com.pk

Oh wait....but you didn't know cause you don't even live in Pakistan....so why sing praises of someone whom government you are completely clueless about?

 

[313ghazi]

Someone should tell this guy how great Imran Khan is

Jobless media worker who committed suicide laid to rest

Fahim Mughal, a jobless media worker who had committed suicide due to unemployment and inflation on Thursday night, was laid to rest on Friday.The father of six minor children was found hanged at a...

www.thenews.com.pk

Oh wait....but you didn't know cause you don't even live in Pakistan....so why sing praises of someone whom government you are completely clueless about?

So his mental health issues are the PM's fault? No sane jobless person commits suicide, they get a job. He could have signed up to be a delivery driver if nothing else.

 

[Mav3rick]

There is a direct link between decrease in exports and overvalued exchange rate. When Pmln govt artificially overvalued Rs, it made Pakistani exports expensive in international market. This had nothing to do with electricity shortage as export industry has special subsidy on gas from govt which they use to make their own electricity. Here you can see Pakistan's exports dropping at the same time exchange rate is artificially overvalued.

I agree that an overvalued currency will have a negative impact on exports but should we not consider our competitors too? We compete largely against Indian, Bengali and Vietnamese goods as most of our exports are agriculture & textile, right? So is REER this relevant in our case; PKR is trading at 178 whereas INR is trading at 76 and Bangla Taka is trading at 85 so were we not already undervalued against our main competitors? Even if you discard that, do you not realize how the Textile industry left Pakistan for Bangladesh, China and even Vietnam during the end part of Musharraf's tenure and more so during PPP's Government because of severe shortage of electricity. Now tell me, can we produce anything of worth without electricity? And then tell me, what would have been the point of a free floating PKR when we needed to import a damn lot more than export to establish industry and power plants?

CPEC is a game changer if all CPEC related imports / investments end up in increasing Pakistan's exports so that we are able to payback CPEC loans. As you can see despite 60 billion dollar CPEC investment / imports, Pakistan's exports are still under 30 billion dollars. So I ask you was that worth it? How will Pakistan pay for CPEC projects when it has no increase in export income? Chinese won't accept repayments in Pakistani Rupees

I too say the same thing, even though I still believe that CPEC has a lot of potential, I am baffled as to why it is not making us money already; by now it should have been raising 8-10 Billion USD annually. But CPEC is also the brainchild and child of whom?

So his mental health issues are the PM's fault? No sane jobless person commits suicide, they get a job. He could have signed up to be a delivery driver if nothing else.

That is a very cruel thing to say. People do often do desperate things when pushed to the edge.

 

[Patriot forever]

I agree that an overvalued currency will have a negative impact on exports but should we not consider our competitors too? We compete largely against Indian, Bengali and Vietnamese goods as most of our exports are agriculture & textile, right? So is REER this relevant in our case; PKR is trading at 178 whereas INR is trading at 76 and Bangla Taka is trading at 85 so were we not already undervalued against our main competitors? Even if you discard that, do you not realize how the Textile industry left Pakistan for Bangladesh, China and even Vietnam during the end part of Musharraf's tenure and more so during PPP's Government because of severe shortage of electricity. Now tell me, can we produce anything of worth without electricity? And then tell me, what would have been the point of a free floating PKR when we needed to import a damn lot more than export to establish industry and power plants?





I too say the same thing, even though I still believe that CPEC has a lot of potential, I am baffled as to why it is not making us money already; by now it should have been raising 8-10 Billion USD annually. But CPEC is also the brainchild and child of whom?


That is a very cruel thing to say. People do often do desperate things when pushed to the edge.

The REER value of the currency of India and Bangladesh is not overvalued. The reason why our currency is at 176 is because our exports were stagnant whereas there exports ( inflows) grew proportionately to their imports, keeping their currency much more stable than ours.
This is why our currency natural value against other currencies is 176 vs 75 of India.
That's the flaw in your first point.

2ndly you mentioned import of power generation other machinery, first these IPP's were on FDI basis with massive ROI backed by sovereign guarantees, Inshort these Chinese companies through exim Bank paid for the import in dollars which does not effect your Current account neither your currency.

CPEC major private portion that is the ( private IPP's) actually is resulting in loss of billions in forex because of the ROI payments etc going out every year.

 

[AZ1]

Someone should tell this guy how great Imran Khan is

Jobless media worker who committed suicide laid to rest

Fahim Mughal, a jobless media worker who had committed suicide due to unemployment and inflation on Thursday night, was laid to rest on Friday.The father of six minor children was found hanged at a...

www.thenews.com.pk

Oh wait....but you didn't know cause you don't even live in Pakistan....so why sing praises of someone whom government you are completely clueless about?

You should tell these guys families how great nawaz sharif was

https://www.express.pk/story/380687

 

[Patriot forever]

We have been going round and round for many years now, and the more we argue, the more it gets messy. I have 2 simple questions on 2 major allegations against PML Governance:

1. PML is blamed for not increasing exports. What was the power situation when PML came into power in 2013?
2. CPEC is considered a game changer by almost every Pakistani. How much of the imports were related to CPEC during PML tenure?

P.S. Some youthias, as evident on this page, consider all those who speak against the current Government policies to be patwari; it is refreshing that you are not there any more. In the previous Government, I would have been called a Youthia because of my position against PML.

CPEC imports in capital machinery were based on FDI funded through exim Bank not from our forex.

They paid for the machinery through exim Bank and bought the machinery from China. In fact instead of causing us loss of forex we gained forex ( the brick and mortar component of these IPP's).

Now the return on investment which is sovereign backed is causing us to loose forex and contributes to current account deficit.

This is basic economics, how can one not understand such simple things.

CURRENT ACCOUNT IN 2017 AND 2018 IS DUE TO THESE INDEPENDENT POWER PLANTS IS THE MOST UNEDUCATED AND FLAWED ARGUMENT ONE CAN COME UP WITH.

 

[AZ1]

This is basic economics, how can one not understand such simple things.

Cant see beyond this lol.

 

[SIPRA]

Cant see beyond this lol.

View attachment 808529

Good to see that Mian has not himself jumped into "Daigcha".

 

[313ghazi]

4 pages in and still no answer to the original question....

 

[Jungibaaz]

If PTI has done it then chawal ee mari he inho ne b

Let’s hope it doesn’t reach the same destructive proportions at last time. It’s an easy way to earn cheap economic performance at the expense of the long run.