Total loss : 5.68 Billion US$ - Is this true?

[muhammadhafeezmalik]

We have a surplus CAD for consecutive 02 months.

Foreign loans come down by whopping $3.454 billion

 

[maithil]

This is just the tip of iceberg. You will be able to see the real picture when this Shitshow is over. Government is forcing enterprising entrepreneurs to sell their business for peanuts and run to foreign lands. Post this Munir era, you will be left with traders and pencil pushers. Every sane person will be suffering from varying levels of PTSD and run for their lives from Pakistan.

Following is just one example.

https://twitter.com/x/status/1658805099345354752

 

[Enigma SIG]

This is just the tip of iceberg. You will be able to see the real picture when this Shitshow is over. Government is forcing enterprising entrepreneurs to sell their business for peanuts and run to foreign lands. Post this Munir era, you will be left with traders and pencil pushers. Every sane person will be suffering from varying levels of PTSD and run for their lives from Pakistan.

Following is just one example.

https://twitter.com/x/status/1658805099345354752

This is just hostile takeover by wardi mafia. Expect this company to be within Fauji group of companues soon.

 

[nahtanbob]

1) Overseas Pakistanis realize they were supporting useless relatives back home, and for the last 35+ years, no improvements have been made

We are talking about individuals not Pakistan as a country here. I could have a useless brother. But I am inclined to educate his kids if he can't.
that is me. I do not know what you think. sometimes it is hard to walk away. sometimes it is easy to walk away from some people.

 

[That Guy]

https://twitter.com/x/status/1658532409141514242

Can anyone please confirm if this is true?

This is the bare minimum. There's also massive decrease in spending, tax revenue, manufacturing....etc.

Actual total losses are likely in the tens of billions. Companies are either being forced to downgrade, or just plain go bankrupt.

PPP and PMLN got their wish, welcome to Purana Pakistan.

We have a surplus CAD for consecutive 02 months.

Foreign loans come down by whopping $3.454 billion

View attachment 930277

That's due to a number of negative factors such as decreasing imports, much of it vital for the economy to function.

The surplus CAD is absolutely misleading.

 

[Olympus81]

Remittances are going down because of a few factors

1. Hawala / Hundi rates are more attractive

2. The times for plots and duping overseas Pakistanis is over. Instability within Pakistan and the exposure of establishment has played a part.

3. Overseas Pakistanis only have hatred for PDM, hence they will limit remittances to bare minimum.

4. Roshan Digital Account is facing negative inward remittance I believe. People are withdrawing en masse especially when Pakistan has already defaulted technically.

5. 2nd and 3rd generation Pakistanis living abroad are more disconnected towards their ancestral land. Hence lesser remittances. This is a long term phenomenon.

 

[PakFactor]

We are talking about individuals not Pakistan as a country here. I could have a useless brother. But I am inclined to educate his kids if he can't.
that is me. I do not know what you think. sometimes it is hard to walk away. sometimes it is easy to walk away from some people.

Individuals collectively make up a nation-state. Yet, in 35+ years, those who live on handouts haven't educated their children as much as they feel the money will keep coming in, and they've seen their fathers live off handouts.

 

[Dr. Strangelove]

5. 2nd and 3rd generation Pakistanis living abroad are more disconnected towards their ancestral land. Hence lesser remittances. This is a long term phenomenon.

Actually Pakistan has been loosing 400K-800K people to brain drain every Year. That can easily make up for any loss of remittance from this phenomenon. The problem is unlike the ones who have left before those leaving home now have no intentions of coming back. Rather sending remittances they will get their families out. The States Brutalities have only solidified this.

 

[Khan-01]

https://twitter.com/x/status/1658532409141514242

Can anyone please confirm if this is true?

What's to confirm..these from official sbo site

The remittances drop figure is much higher since this March figure

While the exports drop is also much higher didn't include commodity export drop

Over last 6 months inflows have decreased by almost 10b$

Actually Pakistan has been loosing 400K-800K people to brain drain every Year. That can easily make up for any loss of remittance from this phenomenon. The problem is unlike the ones who have left before those leaving home now have no intentions of coming back. Rather sending remittances they will get their families out. The States Brutalities have only solidified this.

It use to be only unskilled labor going but since 2016 skilled labor has been leaving and rate went up exponentially in 2022

Those who left were called youthias

Only intellectuals left are Desi liberals with huge money in their closets

 

[Tamerlane]

The cumulative loss that Pakistan has suffered under the criminal generals and politicians actually runs into trillion of dollars. Yes, not $5-10 billion, but $1,000 billion times x.

How?

If Pakistan was governed properly its economy would have been four times its present size. That makes it $1.4 trillion. Instead, we have an economy of $0.35 trillion.

$1,4 trillion - $0.34 trillion = $1.05 trillion.

Every year we're losing $1 trillion.

 

[nahtanbob]

Individuals collectively make up a nation-state. Yet, in 35+ years, those who live on handouts haven't educated their children as much as they feel the money will keep coming in, and they've seen their fathers live off handouts.

ouch welfare queens courtesy of hard working expatriates

 

[HerbertPervert]

This time around hasn't the currency plummeted to 300 rupees for a USD. Has this made the country more competitive ?

What's the point after many of the factories have already shut down because of import restrictions on raw material? The exchange rate was being overvalued until recently when they were forced to stop due to low reserves.

 

[nahtanbob]

What's the point after many of the factories have already shut down because of import restrictions on raw material? The exchange rate was being overvalued until recently when they were forced to stop due to low reserves.

you are describing a death spiral

 

[PakFactor]

you are describing a death spiral

As I have family in Pakistan in different sectors but primarily real estate, the situation is pretty bad; I am losing money if I quantify in dollar terms; I've lost almost 40%+ due to currency devaluation and drop in prices of various things (too much to get into).

... this is just the start.