PTI performance last 3.5 yrs

[Patriot forever]

I am a PTI voter since 2013. But that currency free floating is something I personally dissapprove.

We know bro.

I know it was a tough decision but a necessary one. This fixed exchange rate was a fundamental flaw in our economy.

 

[ziaulislam]

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.

 

[El Sidd]

so was it in the past 50 years. why were you silent back then?

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.

 

[Norwegian]

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.

Market based exchange rate allows slow and steady devaluation unlike the shocks that are being felt when currency is first artificially overvalued and then forced devalued

Indian Patwari troll enjoying

 

[Ghazwa-e-Hind]

Market based exchange rate allows slow and study devaluation unlike the shocks that are being felt when currency is first artificially overvalued and then forced devalued View attachment 844532View attachment 844533View attachment 844534

Indian Patwari troll enjoying

You do realize that you're talking to a RSS extremist.....

 

[Patriot forever]

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.

I think you took the discussion in a literal meaning not in the context of economic history of Pakistan.

Actually we had to put all 3 levers up simultaneously ( monetary policy, fiscal policy and move to fair value currency) just to stop the drain and contain the BoP crisis. That's how bad the situation got.

The literal context you are applying works better in countries with more balanced inflows and outflows. We were getting there towards a sustained balanced growth path, once there the depreciation rate would automatically slow down with stability in monetary policy and room for a balanced fiscal policy. ( Just underlying the policies in general and the overall path of previous government).

 

[Norwegian]

The same very reason why CPEC was curtailed under the guise of accountability by PTI.

PTI govt established CPEC authority to fast track CPEC projects. Stop living inside Maryam Qatari media cell

You do realize that you're talking to a RSS extremist.....

Result is the same. They are all Patwaris like that Indian @Wood

 

[Wood]

PTI govt established CPEC authority to fast track CPEC projects. Stop living inside Maryam Qatari media cell


Result is the same. They are all Patwaris like that Indian @Wood

It reportedly had the opposite effect. The leadership post was not even filled half the time? Shahbaz dealt away with the padded bureaucracy

 

[Norwegian]

It reportedly had the opposite effect. The leadership post was not even filled half the time? Shahbaz dealt away with the padded bureaucracy

Padded bureaucracy wasn't made by PTI govt. It was already there filled with Patwari Haramkhors

 

[CodeforFood]

Keyword search for Kashmir produced Zero results.

keyword search for who produced positive non zero results. Please let us know who that is...

 

[Shakuni Mama]

I think you took the discussion in a literal meaning not in the context of economic history of Pakistan.

Actually we had to put all 3 levers up simultaneously ( monetary policy, fiscal policy and move to fair value currency) just to stop the drain and contain the BoP crisis. That's how bad the situation got.

The literal context you are applying works better in countries with more balanced inflows and outflows. We were getting there towards a sustained balanced growth path, once there the depreciation rate would automatically slowed down with stability in monetary policy and room for a balanced fiscal policy. ( Just underlying the policies in general and the overall path of previous government).

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.

 

[Norwegian]

Yeah the thing is you studied never applied that theory into practice.
Every country has a different scenario. A country like Pakistan can't afford free floating. A short term inflation of even few years will crush industries and specially the poor and middle class population of millions.

Pakistan has been meaninglessly fighting dollar appreciation since 1947 by artificially setting exchange rates. And yet it went from 3 Rs in 1947 to 194 Rs today in 2022. So why keep trying something that has never worked?

Keep the dollar flying

The fear of flexibility in the exchange rate has been shared by most, if not all, our finance ministers.

www.dawn.com

Since your currency was artificially manipulated by Ishaq Dar but did IK made any attempt to devalue it ? It skyrocketed of its own.

Yes, Imran Khan govt fixed the overvalued exchange rate problem created by that Patwari Haramkhor in my DP

 

[El Sidd]

PTI govt established CPEC authority to fast track CPEC projects

That lollipop authority had no constitutional grounds and was a gimmick.

 

[Norwegian]

That lollipop authority had no constitutional grounds and was a gimmick.

Yeah Lotacracy has constitutional grounds too: Patwari

 

[Path-Finder]

Keyword search for Kashmir produced Zero results.

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!