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PTI performance last 3.5 yrs

How will you rate PTI

  • Less then 5/10

    Votes: 19 20.7%
  • 7/10

    Votes: 57 62.0%
  • 10/10

    Votes: 16 17.4%

  • Total voters
    92
Agree with you completely and not with Norwegian. See the economists know when the currency had entered at an excessively high rate, and then mount a concerted attack on the currency. Many countries in the past has devalued their currency let's say Bank of England did it. Central banks can also intervene indirectly in the currency markets by raising or lowering interest rates to impact the flow of investors' funds into the country. Since attempts to control prices within tight bands have historically failed, many nations opt to free float their currency and then use economic tools to help nudge it one direction or the other if it moves too far for their comfort. Since your currency was artificially manipulated by Ishaq Dar but did IK made any attempt to devalue it ? It skyrocketed of its own.

From what I understand the point you are raising is adjusting the pace of the economy to curtail demand, using tools at central Bank disposal ( monetary policy) and finance ministry ( fiscal tightening).
This is the ideal way.
This is exactly what the PTI government focused on ' balanced sustainable growth'


Now the other mode of direct intervention is called currency pegging by actively using reserves ( in our case borrowed). Couple it with massive negetive imbalance between inflows and outflows, that's a recipe of severe BoP crisis and got us into a classic debt trap. Couple that with an extremely relaxed monetary policy and heavy direct borrowing from the central bank. Its a catastrophe.
PLMN government.
 
From what I understand the point you are raising is adjusting the pace of the economy to curtail demand, using tools at central Bank disposal ( monetary policy) and finance ministry ( fiscal tightening).
This is the ideal way.
This is exactly what the PTI government focused on ' balanced sustainable growth'


Now the other mode of direct intervention is called currency pegging by actively using reserves ( in our case borrowed). Couple it with massive negetive imbalance between inflows and outflows, that's a recipe of severe BoP crisis and got us into a classic debt trap. Couple that with an extremely relaxed monetary policy and heavy direct borrowing from the central bank. Its a catastrophe.
PLMN government.
Probably should make it more layman term

Dont say "state bank borrowing"
Say ordered state bank to "print notes"

:big_boss: :pakistan:
 
Loooool. Macro economics is facts based science. It cannot be run on your personal opinions 😂
And we paid a price for that decision and that's where our opinions differ.
F


@Norwegian khote lets have a discussion on economics rather than doing haha. You are posting the same chart time and again. Even IK did not devalue your currency. Why is it ?

Put it in your thick head that fixed rates are chosen to force a more prudent monetary policy; floating rates are a blessing for those countries that already have a prudent monetary policy.
That's what I am saying that general economic theory they are posting again and again is not good for every country. I can write an essay on this but I prefer to save my time , they will disagree no matter what,because in this opinions are tend to be different.
 
And we paid a price for that decision and that's where our opinions differ.

That's what I am saying that general economic theory they are posting again and again is not good for every country. I can write an essay on this but I prefer to save my time , they will disagree no matter what,because in this opinions are tend to be different.
Dont write an eassy just tell us once we fix the dollar rate and everyone including me starts buying dollar (or same value imports) how would you find the dollars to back it

I mean surely you thought a way of that

Its like saying i am going to give a billion rupees to everyone so surely you have the billion rupees to give everyone
 
PTI could not change the system.. i would appreciate it if the system will be changed.
I.e China
it doesnt matter what ever happens china is on its own course. sehat card and many things you mention are being abandoned by new govt.
Law is still most corrupt ..
I know its not enough time plus they did not had the support. but i will be rating it 5/10 ..
 
Sehat Sahulat Card

⦿ Ehsaas Program

⦿ Pakistan Citizen Portal

⦿ Ten Billion Tree Tsunami

⦿ NCOC COVID Response

⦿ Locust Attack Handled

⦿ Free floated currency

⦿ Legislated government must not meet deficit by simply printing money (HUGE)

⦿ Created a record 5.5 million jobs in 3 years

⦿ Negotiated away $1 billion fine on Karkay Rental Power Plant

⦿ Negotiated away $11 billion penalty on Reko
Instituted reforms in civil and criminal law and brought them to the 21st century

⦿ Produced record harvests of cotton

⦿ Produced record harvests of wheat

⦿ Produced record harvests of sugarcane

⦿ Produced record harvests of potato

⦿ On track to plant forty million olive trees to position Pakistan as a major producer in coming years

Link 1:

Link 2:

⦿ Exports on target to hit $50Bn by end of his tenure. $35Bn this year
Link 1:
⦿ Exports on target to hit $50Bn by end of his tenure. $35Bn this year
Link 1:
Link 2:

⦿ Foreign Exchange reserves at record high - $24Bn

⦿ Highest share of capacity-enhancing capital goods in imports
Link 1:
Link 2:

⦿ Reduced Current Account Deficit to 2.5% of GDP

⦿ Renegotiated the Qatar LNG deal, saving Pakistan $3 billion over 10 years, new deal 31% cheaper than what PMLN had negotiated

⦿ Renegotiated terms with IPPs to save Pakistan Rs836 billion over 10 years

⦿ Increased tax revenue (on target for Rs6T this year), on target to increase tax as % of GDP from 10% to 16% by 2024

⦿ Achieved Primary Surplus

⦿ Regularized remittance flow - highest remittances received. Roshan Digital Accounts
Link 1:
Link 2:

⦿ Achieved stable GDP growth rate of 5.7% for FY2021 and now headed towards 5.5% for FY2022

⦿ Has started construction of 10 large dams that will see completion beyond his present tenure

⦿ On track to build 6000 km+ of national highways during present tenure (more than any previous government)

⦿ On track to indigenize cellphone manufacturing - 82% of cellphones now at least assembled within country. Was less than 1% when PTI came in power

⦿ Introduced Pakistan's first truly integrated electricity capacity enhancement plan, also called Indicative Generation Capacity Expansion Plan (IGCEP) 2021-30 - which prioritizes indigenous, low-cost and green sources of electricity generation, whilst also making sure there are adequate measures in place for evacuation/transmission and billing/recovery

The list goes on and on....


Before MiftahIsmail/patwaris lies again. Let me write a long thread with FIGURES where PTI left the economy.

Thread of Numbers only.

1. GDP growth outperformed global markets
• GDP growth accelerated to 5.6% in FY2021
• In comparison, USA economy contracted -4%, EU -8%
4%, EU -8%, India -7.3% and the Gulf states by -5%.

2. No other govt. achieved 5.6% growth in their first 3 years. PMLN 3.3%, PPP 2%

3. Economy on target to achieve GDP growth above 5% in FY2022

4. LSM growth 7.6% during first seven months of FY2022
5. • Exports $ 23.3bn in first 9months of FY2022 – on current path will cross $ 30bn for first time in history

6. Remittances at record level of $29bn in FY2021, to grow to $ 34bn in FY2022

7. $ 4bn investment from overseas Pakistanis in RDA

8. Profitability of the top
100 companies listed on PSX posted the growth of 62% in 2021, the highest growth in the last 10 years.

9. IT package, over $ 350mn investment in Pakistani startups in 2021 – higher than all previous years combined.

10. WB DB index Top 10 reformers; 28 points
8 points (108/190)

11. Moody’s rating agency upgraded outlook to ‘Stable’ from ‘under review for downgrade’ (August 2020)

NOW JOB CREATION FACTS.

1. Inclusive growth strategy adopted by PTI government with focus on labor intensive constructions, export industry, SMEs, tourism, and agriculture.

2. PTI govt created 5.5mn jobs in first three years, the highest by any govt on record.

3. Average of 1.84mn jobs per year is higher than PPP (1.4mn) and PMLN (1.1mn).

4. Current trajectory suggests that we are on target to achieve the 10mn jobs promised by Imran Khan in 2018 manifesto.

5. According to the WB, Pakistan outperformed all regional economies during the 2020-2022 COVID period, with the lowest unemployment rate in the South Asia region at 4.3% compared to India 8%, Bangladesh 5.4%

NOW ENERGY SECTOR REFORMS

1. Debt stock of PHPL Rs. 806 bn shifted to public debt, to protect consumers from tariff surcharges

2. NEPRA approved CTBCM (Competitive Trading Bilateral Contracts Market)
3. MoUs with 53 IPPs to save Rs 836bn in 20 years. Shutting of inefficient power plants. 3-4 plants closed.

4. WACOG bill.

5. 5 hydel damns under construction, first time since the 1970s will reduce dependence on imports and reduce cost of energy for consumers.
6. None of these reforms or investments were made in any of the previous regimes.

NOW SANCTIONS AND PENALTIES.

1. Resolve Karkey rental power plant issue saved $1.2bn

2. Resolved Reko Diq issue, penalty of $ 11bn saved. New investment of $10bn for Balochistan.
3. FATF financial sanctions ‘ black list’ saved. Significant progress achieved under PTI government. Pakistan has completed 26 of the 27 action items in its 2018 action plan.

NOW COVID RESPONSE.

1. IMF termed COVID as the biggest crisis since the 1930s great depression.

2. WHO hailed Pakistan COVID response as one of the best in the world.

3. Economist magazine ‘ Normalcy Index’ rated Pakistan as the top country in the world in Nov 2021. Lawrence Summers, WB Chief Economist stated ‘US should have emulated Pakistan in
mulated Pakistan in handling coronavirus’.

4. • Bill Gates hailed remarkable progress by Pakistan on COVID and Polio eradication

5. 80% of target population provided 2 does of vaccines free of cost ($ 5bn subsidy).
Pakistan introduced the concept of Smart
lockdowns to contain the spread, the world followed our lead.

7. Record fiscal and monetary stimulus package of Rs 2.5 trillion (6% of GDP or $ 16 billion).

8. 15 million families received EHSAS cash payment

9. SMEs pre-paid power bills Rs 50bn (95% commercial

72% industrial users benefitted)

10. Subsidy to Households (USC, power & gas bills)

11. Construction package Rs 300bn new spending for low cost housing & jobs creation.

12. Industrial Support package – 50% discount on additional power consumption; 25% for 3 years
13. 1.6 mn businesses loan deferrals (Rs 657 bn).

14. • 1.7 mn jobs protected under Rozgar scheme.

15. SBP TERF led to Rs 435 bn of new investments in Pakistan.

Still some of the things i have missed.

Under the circumstances PTI was give government, financial situation and global pandemic, PTI government has done exceptionally well and should be given 10/10. Others would have failed, and give up but IK kept fighter until he was forced out.
 
August 05 2019.

Government of PTi managed the Indian revoking of A370 as per wishes of USA who want a joint Indo-Pak effort in containing China. The same very reason why CPEC was curtailed under the guise of accountability by PTI.
psychiatrist is badly needed.
 
Yeah Lotacracy has constitutional grounds too: Patwari
Village officer post has more constitutional grounds than CPEC authority.
yea and look at the tooei hakumat and the developments vis a vis Kashmir!! as soon as tooei hakumat comes Yasin Malik gets charged and india praises tooei hakumats return and taunts Pakistan.

But as a yadri da leaky suspended in leaky-ism plus partial blindness to the matter means that the best offence is to blame IK for tooei parties silence on Kashmir!
Either write in English or whatever regional language you mixed it with. Its hard to decipher
Wow
Resuming trade with india will help kashmir cause :pop: :close_tema:
Road to any trade or any magnitude of peace goes through Kashmir.
psychiatrist is badly needed.
So is common sense.
 
Village officer post has more constitutional grounds than CPEC authority.

Either write in English or whatever regional language you mixed it with. Its hard to decipher

Road to any trade or any magnitude of peace goes through Kashmir.

So is common sense.
:what: :what: :hitwall::blink:
 
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Imran was struggling but you know what was making him struggle... the weak government who could not do legislation or force courts to do justice.

Do you want to run a similar vote on the performnace of General Bajwa?
 

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